NOT LISTED FOR SALE
7 Beds
3 Baths
3,123 Sq Ft
6,250 Sq Ft Lot

Last Sold April 09, 2013

Last sale price $1,220,000 $391 Per Sq Ft

3 Days on Market

Highlights

  • Dual Staircase
  • Contemporary Architecture
  • Central Heating
  • Newport Heights Elementary Rated A
  • Laundry Room
  • 4-minute walk to Pinkley Park

About This Home

As of April 2013

Incredible Opportunity to own a building So of 17th. Excellent Tenant Amenities: Open Floorplans, Large Private Patios, Individual Inside Laundry, Garages, Parking, Walkability A+, Freeway Close, Beach Close. LONG-TERM(over 6 years) tenants in 2-2Br TOWNHOUSE STYLE units. Unit A=3 Bedroom front unit is Single Level, Remodeled Kitchen, Laminate Flooring throughout, Vaulted Ceilings,Huge yard. Garages have Roll-up doors with Openers, 3 more parking spaces on site. Highly upgraded Remodel in Unit C, Newer Cabinetry, Granite Countertops, Travertine Floors. All units have Forced-air Heating.

Tenants pay Electric & Gas.

Last Agent to Sell the Property

pat havel

Pacific Crest Realty License #00671434 Listed on: 03/15/2013

Last Buyer's Agent

Tracy Wu

Circa Properties, Inc. License #01877487

Circa Properties, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,250 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage

Home Design

  • Contemporary Architecture
  • Cottage

Interior Spaces

  • 3,123 Sq Ft Home
  • Dual Staircase
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 2996
  • Assessor Parcel Number 42522208

Community Details

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,387
  • Trash Expense $684
  • Water Sewer Expense $617
  • New Taxes Expense $13,000
  • Gross Income $6,135
  • Net Operating Income $58,620

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Inclusions: Washer/Dryer in Unit A
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside South (ESCM)
  • Water Sewer Expenses: 617.00
  • Architectural Style: Contemporary, Cottage
  • Property Type: Residential Income
  • Parcel Number: 42522208
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 390.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 684.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1430

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 6135.00
  • Gross Scheduled Income: 71620.00
  • Insurance Expense: 1387.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 58620.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1083.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Lot: 7
  • Tax Tract Number: 2996
  • Tax Year: 2011

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2013 04/09/13 Sold $1,220,000 -2.3% $391 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
03/15/2013 03/15/13 For Sale $1,249,000 -- $400 / 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 $17,995 $1,502,337 $1,384,217 $118,120
2024 $17,995 $1,472,880 $1,357,076 $115,804
2023 $17,387 $1,444,000 $1,330,466 $113,534
2022 $16,824 $1,415,687 $1,304,379 $111,308
2021 $16,288 $1,387,929 $1,278,803 $109,126
2020 $16,090 $1,373,698 $1,265,690 $108,008
2019 $15,738 $1,346,763 $1,240,872 $105,891
2018 $15,419 $1,320,356 $1,216,541 $103,815
2017 $15,163 $1,294,467 $1,192,687 $101,780
2016 $14,843 $1,269,086 $1,169,301 $99,785
2015 $14,704 $1,250,024 $1,151,737 $98,287
2014 $14,375 $1,225,538 $1,129,176 $96,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13044154

California Regional Multiple Listing Service (CRMLS)

APN: 425-222-08