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

Sale Details

Date 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

  • 12,998 Sq Ft 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2016
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,195,000
Interest Rate
0.0375%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 15, 2011
Closed on
Feb 9, 2012
Sold by
Bought by
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$1,295,000
Sold Price
$1,210,000
Premium/Discount to List
-$85,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$907,500
Interest Rate
0.0386%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 6, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$958,500
Interest Rate
0.0582%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,900,000 First American Title Company
$1,805,000 Ticor Title Company
$1,210,000 Fidelity National Title Co
$1,350,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,195,000
Previous Owner $907,500
Previous Owner $958,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,540 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P792907

California Regional Multiple Listing Service (CRMLS)
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