$1,200,000

Estimated payment $7,808/month

7 Beds
4 Baths
3,950 Sq Ft
$304 Price per Sq Ft

Highlights

  • Property is near public transit
  • No HOA
  • Living Room
  • Traditional Architecture
  • Cooling Available
  • Card or Code Access

About This Home

Traffic circle adjacent, 6-unit apartment building in which $156,500 has been spent on capital improvements over the last year. These improvements include a new roof (May 2026), sewer work and installation of a sewer clean out, renovated laundry room including the purchase of 3 washing machines and 3 dryers, exterior dawn to dusk lighting, addition of coded locks on the gates, and a fully renovated 2-bedroom unit. The renovation of this unit includes the following new items: mini split providing heat and air conditioning, kitchen cabinets, counters and appliances, luxury vinyl flooring, windows and blinds, lighting fixtures, and beautifully remodeled bathroom. The desirable unit mix includes 5 - 2 bedroom/1 bathroom units and 1-1 bedroom/1 bathroom unit. There are 5 tandem parking spots behind the building providing parking for up to 10 cars depending on vehicle size. The cap rate is approximately 6% and the GRM is approximately 10 - these numbers were calculated using the actual rents for the 4 occupied units and pro forma rents for the two vacant units.

Listing Agent

Kendra Miller

Keller Williams Coastal Prop. Brokerage Email: kendramiller@kw.com License #01396646 Listed on: 08/06/2026

Keller Williams Coastal Prop.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 5,008 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,950 Sq Ft Home
  • 2-Story Property
  • Living Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Off-Street Parking
  • Unassigned Parking

Utilities

  • Cooling Available
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 5751
  • Assessor Parcel Number 7259025012
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Circle Subdivision

Building Details

  • 4 Leased Units
  • 6 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $12,000
  • New Taxes Expense $15,000
  • Operating Expense $27,000
  • Gross Income $840
  • Net Operating Income $74,132

Additional Features

  • Laundry Facilities
  • Card or Code Access

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

5,008 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 6.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Card/Code Access, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Circle (CA)
  • View: No
  • Architectural Style: Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7259025012
  • Year Built: 1960
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl, Carpet
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.80
  • Room Type: Living Room

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street, On Site, Unassigned, Tandem Uncovered
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit, Front Yard
  • Lot Size Sq Ft: 5008.00
  • Lot Size Acres: 0.1150

Rental Info

  • Tenant Pays: Gas, Trash Collection, Water, Sewer, Electricity

Multi Family

  • Gross Income: 840.00
  • Gross Multiplier: 10.00
  • Gross Operating Income: 109132.00
  • Gross Scheduled Income: 114876.00
  • Insurance Expense: 12000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 840.00
  • Lot Size Area: 5008.0000 Square Feet
  • Net Operating Income: 74132.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 6
  • Operating Expense: 35000.00
  • Rent Control: No
  • Total Actual Rent: 63876.00
  • Total Expenses: 27000.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 11
  • Tax Tract Number: 5751

Map

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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
08/06/2026 08/06/26 For Sale $1,200,000 -- $304 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26171369

California Regional Multiple Listing Service (CRMLS)
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