NOT LISTED FOR SALE
16 Beds
7 Baths
5,760 Sq Ft
8,100 Sq Ft Lot

Last Sold February 01, 2019

Last sale price $2,170,000 $377 Per Sq Ft

93 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Garden
  • Double Pane Windows
  • Home Security System
  • Central Heating

About This Home

As of February 2019

Outstanding income property in the heart of the bay. Located on a corner lot the property is just 30 minutes to San Francisco and San Jose. Large concrete stamped driveway with garage parking for tenants. Remodeled kitchens and bathrooms, new appliances, carpet and VCT wood flooring . Freshly painted exterior and interior. New fixtures, thermostats smoke alarms and carbon monoxide alarms. Duel pane windows, new water heater, new carpet, and interior wall texture, two tone paint. New epoxy paint in the garages and new doors. The property is two blocks away from elementary, middle and local high schools. California East Bay University and the Southland Mall are just 5 minutes away. There is easy walking distance to near by super markets. Six (6) of the (7) units are not rent controlled units. Potential gross income of $200,400 with a 5.8 cap rate.

Last Agent to Sell the Property

Darin chase

Better Homes and Gardens Real Estate Town Center License #01176919 Listed on: 10/26/2018

Co-Listed By

Maria Oancea

Better Homes and Gardens Real Estate Town Center License #01038393

Last Buyer's Agent

Heman Galzie

New Cal Realty Inc License #01422754

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,100 Sq Ft Lot
  • Two or More Common Walls
  • Vinyl Fence
  • Garden

Parking

  • 8 Car Garage

Home Design

  • Property Attached
  • Turnkey
  • Fire Rated Drywall
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Partial Copper Plumbing
  • Copper Plumbing

Interior Spaces

  • 5,760 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 7 Bathrooms

Home Security

  • Home Security System
  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 453004500108

Community Details

Overview

  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Operating Expense $48,377
  • Gross Income $172,800
  • Net Operating Income $115,783

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 5.20
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Security Lights, Security System, Smoke Detector(s)
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 453004500108
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full, Copper Plumbing Partial
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 376.74
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Central
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 8100.00
  • Lot Size Acres: 0.1860

Multi Family

  • Gross Income: 172800.00
  • Gross Operating Income: 164160.00
  • Gross Scheduled Income: 172800.00
  • Lot Size Area: 8100.0000 Square Feet
  • Net Operating Income: 115783.00
  • Number Of Rented Garages: 8
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 48377.00
  • Rent Control: No
  • Total Actual Rent: 14440.00
  • Total Expenses: 48377.00

Tax Info

  • Tax Census Tract: 4377.02

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
02/01/2019 02/01/19 Sold $2,170,000 -2.3% $377 / Sq Ft
01/27/2019 01/27/19 Pending -- -- --
01/04/2019 01/04/19 Price Changed $2,220,000 -1.3% $385 / Sq Ft
12/15/2018 12/15/18 Price Changed $2,249,999 -4.2% $391 / Sq Ft
12/11/2018 12/11/18 Price Changed $2,349,000 -2.1% $408 / Sq Ft
12/01/2018 12/01/18 Price Changed $2,399,000 -1.1% $416 / Sq Ft
11/26/2018 11/26/18 Price Changed $2,425,000 -3.0% $421 / Sq Ft
11/13/2018 11/13/18 Price Changed $2,499,000 -3.8% $434 / Sq Ft
11/06/2018 11/06/18 Price Changed $2,599,000 -5.5% $451 / Sq Ft
10/26/2018 10/26/18 For Sale $2,750,000 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,085 $2,420,219 $780,850 $1,635,434
2024 $29,085 $2,368,911 $765,541 $1,603,370
2023 $30,686 $2,322,470 $750,533 $1,571,937
2022 $28,072 $2,276,939 $735,819 $1,541,120
2021 $27,838 $2,232,296 $721,392 $1,510,904
2020 $27,576 $2,213,750 $714,000 $1,499,750
2019 $15,635 $1,023,667 $265,574 $758,093
2018 $12,804 $1,003,677 $260,368 $743,309
2017 $12,511 $983,683 $255,263 $728,420
2016 $11,853 $964,469 $250,259 $714,210
2015 $12,047 $950,035 $246,500 $703,535
2014 $6,603 $522,777 $148,492 $374,285
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18260483

California Regional Multiple Listing Service (CRMLS)

APN: 453-45-1-8