NOT LISTED FOR SALE
8 Beds
6 Baths
3,871 Sq Ft
9,120 Sq Ft Lot

Last Sold August 26, 2020

Last sale price $1,042,000 $269 Per Sq Ft

11 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Gas Fireplace
  • Royal High School Rated A

About This Home

As of August 2020

Great investment opportunity! Situated in the highly desirable Monticello Estates area where apartment buildings rarely come on the market, 2661 Prather Street offers the astute investor the opportunity to acquire a stable investment with a reliable cash flow. Built in 1971, this fourplex features a three bedroom, townhouse-style owner's unit with a fireplace and private rear yard. In addition, there is a two bedroom, two bath unit, two bedroom, one and one half bath unit and a one bedroom, one bath unit and four carports. A separate laundry room provides additional income and convenience for the tenants. Close to shopping including Sycamore Square Shopping Center featuring a Target, Trader Joes's and several restaurants. Can be purchased with 2647 Prather Street, identical building next door. Don't miss this opportunity to acquire a solid investment which will pay off for years to come!

Last Agent to Sell the Property

Gary Putman

J. Rubalcava & Associates License #00647161 Listed on: 07/16/2020

Last Buyer's Agent

Allan Mann

Keller Williams Exclusive Properties License #00866344

Keller Williams Exclusive Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 9,120 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Flat Roof Shape

Interior Spaces

  • 3,871 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 211800
  • Assessor Parcel Number 6380281065

Community Details

Overview

  • 4 Units
  • Sycamore Terrace Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $2,400
  • Trash Expense $1,080
  • Water Sewer Expense $3,600
  • New Taxes Expense $13,800
  • Operating Expense $22,680
  • Gross Income $66,000
  • Net Operating Income $42,045

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Sycamore Terrace (235)
  • Water Sewer Expenses: 3600.00
  • Zoning: RVH-20
  • Property Type: Residential Income
  • Parcel Number: 6380281065
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room, Gas
  • Price Per Square Foot: 269.18

Exterior Features

  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lawn
  • Lot Size Sq Ft: 9120.00
  • Lot Size Acres: 0.2094

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 9120.0000 Square Feet
  • Net Operating Income: 42045.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23955.00
  • Rent Control: Yes
  • Total Actual Rent: 5500.00
  • Total Expenses: 22680.00

Tax Info

  • New Taxes Expense: 13800.00
  • Tax Census Tract: 80.02
  • Tax Lot: 6
  • Tax Tract Number: 211800

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2020 08/26/20 Sold $1,042,000 -3.1% $269 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $1,075,000 -- $278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20138953

California Regional Multiple Listing Service (CRMLS)