$2,660,000
SOLD JAN 30, 2015
3 Beds
4 Baths
10,350 Sq Ft
0.28 Acres

Recently Sold

$257 Per Sq Ft

4% Below List Price

98 Days on Market

Highlights

  • Gated Parking
  • 0.28 Acre Lot
  • No HOA

About This Home

As of October 2019

The Flower Apartments were built in 1985 consisting of (13) Studios and (7) 1BR/1BA Units. Interior improvements on some of the units include new flooring, baseboards, appliances, counter tops, paint, plumbing and electrical fixtures. Units 1, 7, 12, 19 & 20 have been converted without permits from studios to 1BR/1BA units by adding an interior wall. Units 1, 10, 11 & 20 are larger corner 1BR/1BA units. Units 7, 12 & 19 are smaller 1BR/1BA Units. All units have individual water heaters. Recent exterior improvements include new exterior paint, new wrought iron gates, upgraded landscape, lighting, decking and adding additional parking.The property has gated access and parking, 2 laundry rooms.

Last Agent to Sell the Property

Jay Skenderian

Morgan Skenderian License #01220368 Listed on: 08/04/2014

Last Buyer's Agent

J.R. Shah

Century 21 Discovery License #01116918

Century 21 Discovery

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Home Design

  • 10,350 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • 22 Parking Spaces
  • 18 Carport Spaces
  • Parking Available
  • Gated Parking

Listing and Financial Details

  • Legal Lot and Block 5 / B
  • Tax Tract Number 101
  • Assessor Parcel Number 00820327

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Building Details

  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,250
  • Insurance Expense $2,234
  • Maintenance Expense $18,494
  • Other Expense $1,700
  • Trash Expense $8,773
  • Water Sewer Expense $8,773
  • New Taxes Expense $35,053
  • Gross Income $19,265
  • Net Operating Income $139,917

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • CapRate: 5.10
  • Price Per Unit: 138250
  • Property Attached: Yes
  • Water Sewer Expenses: 8773.00
  • Property Type: Residential Income
  • Gardener Expense: 2250.00
  • Parcel Number: 00820327
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Three Or More
  • Price Per Square Foot: 257.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 18.00
  • Parking: Yes
  • Parking Features: Covered, Gated
  • Total Parking Spaces: 22.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 8773.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 12300.00
  • Lot Size Acres: 0.2820

Multi Family

  • Gross Income: 19265.00
  • Gross Multiplier: 11.96
  • Gross Scheduled Income: 231180.00
  • Gross Spendable Income: 43910.00
  • Insurance Expense: 2234.00
  • Lot Size Area: 12300.0000 Square Feet
  • Maintenance Expense: 18494.00
  • Maintenance Percent: 8.00
  • Net Operating Income: 139917.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 84327.00
  • Operating Expense Percent: 36.50
  • Other Expense: 1700.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Actual Rent: 19015.00
  • Vacancy Allowance: 6935
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 35053.00
  • Tax Block: B
  • Tax Lot: 5
  • Tax Tract Number: 101

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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
04/10/2025 04/10/25 For Sale $4,975,000 +40.7% $481 / Sq Ft
10/09/2019 10/09/19 Sold $3,535,000 -9.2% $342 / Sq Ft
10/08/2019 10/08/19 For Sale $3,895,000 0.0% $376 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
07/24/2019 07/24/19 Price Changed $3,895,000 -1.4% $376 / Sq Ft
04/01/2019 04/01/19 For Sale $3,950,000 +48.5% $382 / Sq Ft
01/30/2015 01/30/15 Sold $2,660,000 -3.8% $257 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $2,765,000 -- $267 / 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: PW14165743

California Regional Multiple Listing Service (CRMLS)

APN: 008-203-27