NOT LISTED FOR SALE
24 Beds
16 Baths
12,328 Sq Ft
0.5 Acres

Last Sold May 02, 2017

Last sale price $2,375,000 $193 Per Sq Ft

22 Days on Market

Highlights

  • 21,852 Sq Ft lot
  • Property is near public transit
  • Entry Slope Less Than 1 Foot
  • Fireplace in Bathroom
  • Laundry Room
  • Garden

About This Home

As of May 2017

THIS IS TRULY GREAT AND EXCELLENT INVESTMENT FOR INVESTOR, IT WAS BUILT IN 1987, EIGHT LARGE ATTACHED UNITS SITUATED ON R-3 LOT ZONING,21,852 SQFT. LOT, THEY ALL ARE 3 BED, 1.75 BATH , PLUS ALL UNITS HAVE A DEN, [ COULD USE AS 4 BED ]AND EACH UNIT HAVE 2 CAR GARAGE, INDIVIDUAL LAUNDRY ROOM, THIS BUILDING RARELY SEES ANY VACANCIES AND BOASTS AN IMPRESSIVE RENT ROLL, THIS MULTI FAMILY PROPERTY IS YOUR CHANCE TO ADD A GREAT MULTI FAMILY PROPERTY TO YOUR PORTFOLIO, CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET WITH UPSIDE POTENTIAL FOR NEW OWNER, THIS PROPERTY IS CONVENIENTLY WALKING DISTANCE TO VALLEY AND GARVEY AVE, RESTAURANTS, SUPERMARKET, BANKS, SHOPS, ETC... EASY ACCESS TO FREEWAY 10, 605 AND 60, PLEASE DO NOT DISTURB OR TALK TO TENANTS, DRIVE BY ONLY, TENANTS ARE NOT AWARE OF THE SALE; THANK YOU

Last Agent to Sell the Property

Hensen Hy

IRN Realty License #00873669 Listed on: 02/02/2017

IRN Realty

Last Buyer's Agent

Hensen Hy

IRN Realty License #00873669 Listed on: 02/02/2017

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.5 Acre Lot
  • 1 Common Wall
  • Block Wall Fence
  • Garden
  • Back and Front Yard
  • Density is 6-10 Units/Acre

Parking

  • 16 Car Garage
  • Parking Available

Home Design

  • Apartment
  • Cosmetic Repairs Needed
  • Interior Block Wall
  • Composition Roof
  • Stucco

Interior Spaces

  • 12,328 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Den with Fireplace
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 24 Bedrooms
  • All Upper Level Bedrooms
  • 16 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Entry Slope Less Than 1 Foot
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 10848

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $512
  • Gardener Expense $3,000
  • Insurance Expense $5,154
  • Maintenance Expense $7,500
  • Pest Control $960
  • Professional Management Expense $2,400
  • Trash Expense $5,451
  • Water Sewer Expense $9,547
  • New Taxes Expense $32,250
  • Operating Expense $34,523
  • Net Operating Income $133,477

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

16

Listing Details

  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 9547.30
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: Entry Slope Less Than 1 Foot
  • Appliances: Yes
  • Fireplace Features: Bath, Den, Kitchen, Living Room, Electric, Gas
  • Price Per Square Foot: 192.65
  • Room Type: All Bedrooms Up, Den, Kitchen, Laundry, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 16.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Pest Control Expense: 960.00
  • Sewer: Public Sewer
  • Trash Expense: 5451.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Front Yard, Garden, Lot 20000-39999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 21852.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1541 Square Feet
  • Electric Expense: 511.67
  • Gross Scheduled Income: 168000.00
  • Insurance Expense: 5154.00
  • Maintenance Expense: 7500.00
  • Net Operating Income: 133477.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 34523.00
  • Rent Control: No
  • Total Expenses: 34523.00

Tax Info

  • New Taxes Expense: 32250.00
  • Tax Lot: 2
  • Tax Tract Number: 10848

Range of Values:

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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 Change Sq Ft Price
05/02/2017 05/02/17 Sold $2,375,000 -7.9% $193 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $2,580,000 -- $209 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17023327

California Regional Multiple Listing Service (CRMLS)