NOT LISTED FOR SALE
9 Beds
8 Baths
4,614 Sq Ft
8,004 Sq Ft Lot

Sale Details

Date Sold: May 14, 2025

Last sale price $2,125,000 $461 Per Sq Ft

99 Days on Market

About This Home

As of May 2025

Excellent pride of ownership 4 unit multifamily investment property located inside of Mesa Verde's "Spice Streets." Long term ownership with large upside to increase rental income. Rent roll listed includes the recent rent increase effective April 1st. Unit mix is three 2 bed/2 bath units and one 3 bed/2 bath unit. Ample parking with five garages and two uncovered parking spaces. Each unit has central air conditioning with extensive renovation in the 3 bedroom unit that also has a large private patio. Onsite laundry facilities available for tenant use. Interior electrical subpanels have been replaced in all units and the laundry room recently. Building is separately metered for gas and electric. Tenants have easy access to shops, restaurants, and are within close proximity to major thoroughfares including the 405 and 55 freeway.

Last Agent to Sell the Property

Sean Riley

CB Richard Ellis, Inc. License #01920511 Listed on: 02/20/2025

Last Buyer's Agent

Tim Smith

Coldwell Banker Realty License #01346878

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,004 Sq Ft Lot
  • Lot Dimensions are 79x101

Parking

  • 2 Open Parking Spaces
  • 5 Car Garage

Interior Spaces

  • 4,614 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 139-503-02

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

8,004 Sq Ft Lot

Parking

5

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4614
  • Lot Acreage: 0.1800
  • Lot Dimensions: 79x101
  • Probate: No
  • Stories: 2
  • Year Built: 1966
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 465.97

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 2
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Uncovered
  • Total Parking: 7

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 17.23
  • Assessed Improvement Value: 206662
  • Assessed Land Percent: 82.77
  • Assessed Land Value: 992722
  • Total Assessed Value: 1199384
  • Assessor Parcel Number: 139-503-02
  • Lot Size Area: 8004

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water, Gardener

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.19
  • Number Of Units: 4
  • Type Of Units: Apartments

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

Listed on
Feb 20, 2025
Closed on
Apr 23, 2025
Sold by
Bought by
Seller's Agent
Sean Riley
CB Richard Ellis, Inc.
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$2,150,000
Sold Price
$2,125,000
Premium/Discount to List
-$25,000
-1.16%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,487,500
Outstanding Balance
$1,468,507
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2021
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
$805,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2013
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
$724,500
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2010
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
$740,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2008
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
$760,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,125,000 Chicago Title
-- Stewart Title Guaranty Co
-- Servicelink
-- Service Link
-- Lawyers Title
$950,000 Lawyers 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
Open $1,487,500
Previous Owner $805,000
Previous Owner $724,500
Previous Owner $740,000
Previous Owner $760,000
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
05/14/2025 05/14/25 Sold $2,125,000 -1.2% $461 / Sq Ft
04/02/2025 04/02/25 Pending -- -- --
02/20/2025 02/20/25 For Sale $2,150,000 0.0% $466 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
02/06/2025 02/06/25 Price Changed $2,150,000 -6.5% $466 / Sq Ft
12/24/2024 12/24/24 For Sale $2,300,000 -- $498 / Sq Ft
Source: The MLS

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 $14,564 $1,247,838 $1,032,828 $215,010
2024 $14,564 $1,223,371 $1,012,576 $210,795
2023 $14,167 $1,199,384 $992,722 $206,662
2022 $13,755 $1,175,867 $973,257 $202,610
2021 $13,339 $1,152,811 $954,173 $198,638
2020 $13,212 $1,140,991 $944,389 $196,602
2019 $12,959 $1,118,619 $925,871 $192,748
2018 $12,712 $1,096,686 $907,717 $188,969
2017 $12,494 $1,075,183 $889,919 $185,264
2016 $12,222 $1,054,101 $872,469 $181,632
2015 $12,100 $1,038,268 $859,364 $178,904
2014 $11,818 $1,017,930 $842,530 $175,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-474763

The MLS

APN: 139-503-02

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