NOT LISTED FOR SALE

Estimated Value: $780,000 - $998,000

9 Beds
5 Baths
3,954 Sq Ft
$225/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $960,000 $243 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,000/month

62 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Fireplace
  • Craftsman Architecture
  • High Ceiling
  • Laundry Room

About This Home

As of December 2022

Back on market - fell out of escrow due to no fault of seller or property. Cash Cow with 6%+ cap rate! Property consists of One(1) 3b2b single family house at the front, and Three(3) spacious 2b1b units in a triplex building in the back. All units have individual PG&E meters. The SFH has an in-unit W&D, functional basement for storage. Manicured front garden, plenty of parking on the property. All units are currently tenant occupied bringing stable rental income. Cash flow positive w/ $7.6k+ monthly rent, plus more to increase! Great location, walk to restaurants, shops, schools, parks, easy access to 880 and public transport.

Last Agent to Sell the Property

Wen Guo RE Group

KW Advisors License #70010161 Listed on: 09/13/2022

Last Buyer's Agent

Wen Da Lei

Nu Level Realty Inc. License #01364458

Nu Level Realty Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1916

Lot Details

  • 7,000 Sq Ft Lot

Property Views

  • Bay
  • Bridge
  • Forest

Home Design

  • Quadruplex
  • Craftsman Architecture
  • Shingle Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,954 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Fireplace
  • Storage Room
  • Dishwasher

Flooring

  • Wood
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • Covered Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $91,380
  • Month-to-Month Lease Term

Community Details

Overview

  • 3,954 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $3,000
  • Insurance Expense $1,700
  • Maintenance Expense $11,000
  • Utility Expense $2,520
  • Trash Expense $2,500
  • Operating Expense $33,347
  • Gross Income $88,639

Property Details

Home Type

Multi-Family

Year Built

1916

Lot Details

0

Listing Details

  • Zoning: Quadruplex
  • Subclass: Fourplex
  • Style: Craftsman
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3954
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1916

Interior Features

  • Kitchen: Dishwasher, Oven Range - Built-In, Gas, Refrigerator
  • Living Sq Ft: 3954
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle, Tar And Gravel
  • View: Bay, Bridge, Forest / Woods
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Central Forced Air, Fireplace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 9.83
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1700
  • Expense Landscape: 3000
  • Expense Maintenance: 11000
  • Expenses Total: 33347
  • Expenses Utility: 2520
  • Expense Trash: 2500
  • Income Annual Gross: 88639.00
  • Income Annual Rental: 91380
  • Income Gross Scheduled: 91380
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance, Services - Gardener, Utilities, Utilities - Electric, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Dec 9, 2022
Sold by
Lara Jesus Jaime
Bought by
Luong Kent
Seller's Agent
Wen Guo RE Group
KW Advisors
Buyer's Agent
Wen Da Lei
Nu Level Realty Inc.
List Price
$898,000
Sold Price
$960,000
Premium/Discount to List
$62,000
6.9%
Views
17
Current Estimated Value
$889,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$70,741
Avg. Annual Appreciation
-2.48%
Original Mortgage
$672,000
Outstanding Balance
$651,835
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$237,424

Purchase Details

Closed on
Jan 10, 2000
Sold by
Combs Roy A and Combs Tina W
Bought by
Hernandez Aurelia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
7.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Luong Kent $969,090 Chicago Title
Hernandez Aurelia A $350,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luong Kent $672,000
Previous Owner Hernandez Aurelia A $227,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $960,000 +6.9% $243 / Sq Ft
11/14/2022 11/14/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $898,000 0.0% $227 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $898,000 -- $227 / Sq Ft
Source: MLSListings

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 $16,255 $998,783 $299,635 $699,148
2024 $16,255 $979,200 $293,760 $685,440
2023 $19,957 $960,000 $288,000 $672,000
2022 $10,333 $506,890 $152,067 $354,823
2021 $12,627 $496,954 $149,086 $347,868
2020 $9,383 $491,861 $147,558 $344,303
2019 $8,781 $482,218 $144,665 $337,553
2018 $11,796 $472,765 $141,829 $330,936
2017 $8,151 $463,497 $139,049 $324,448
2016 $7,877 $454,411 $136,323 $318,088
2015 $8,756 $447,586 $134,276 $313,310
2014 $9,209 $438,818 $131,645 $307,173
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81907194

MLSListings

APN: 026-0815-005-00