NOT LISTED FOR SALE
20 Beds
10 Baths
7,794 Sq Ft
0.3 Acres

Last Sold March 30, 2012

Last sale price $1,210,000 $155 Per Sq Ft

178 Days on Market

Highlights

  • 0.3 Acre Lot
  • Carpet
  • 3-minute walk to Orizaba Park
  • Woodrow Wilson High School Rated A
  • No Heating

About This Home

As of March 2012

100% Occupied! 12 Unit Building in great Eastside location. The property consists of two 6 unit Courtyard Style buildings (2726 & 2730 Spaulding)on separate parcels, made up of all 2 bed/1 bath units. All units are separately metered for gas and electricity, two water heaters, and two laundry rooms. New roof in 2003. There is 1 garage and 9 parking spaces. The building and units are clean and in good condition. Rents are below market, making this property a great investment and value add opportunity. Standard Sale. Note - The laundry equipment is leased from WASH. For 2010, gross laundry income was $4508, leasing costs were $1346, so net was $3162 for the year or about $264/mo.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 08/15/2011

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 08/15/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.3 Acre Lot

Parking

  • 1 Car Garage

Home Design

  • Stucco

Interior Spaces

  • 7,794 Sq Ft Home
  • Carpet
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 1577
  • Assessor Parcel Number 7260018018

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $10,568
  • Net Operating Income $87,245

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.3 Acres

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.92
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7260018018
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 155.25

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 12998.00
  • Lot Size Acres: 0.2980

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 10568.00
  • Gross Multiplier: 9.94
  • Gross Scheduled Income: 126816.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12998.0000 Square Feet
  • Net Operating Income: 87245.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Operating Expense: 39571.00

Tax Info

  • Tax Area: 5500
  • Tax Lot: 27
  • Tax Tract Number: 1577
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/30/2012 03/30/12 Sold $1,210,000 -6.6% $155 / Sq Ft
02/09/2012 02/09/12 Pending -- -- --
08/15/2011 08/15/11 For Sale $1,295,000 -- $166 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,858 $1,124,599 $710,274 $414,325
2024 $14,858 $1,102,549 $696,348 $406,201
2023 $14,601 $1,080,932 $682,695 $398,237
2022 $13,716 $1,059,738 $669,309 $390,429
2021 $13,428 $1,038,960 $656,186 $382,774
2019 $13,236 $1,008,626 $636,724 $371,902
2018 $12,864 $988,860 $624,240 $364,620
2016 $12,125 $975,000 $600,000 $375,000
2015 $7,954 $632,285 $313,530 $318,755
2014 $7,924 $619,901 $307,389 $312,512
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P792907

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.