NOT LISTED FOR SALE
8 Beds
6 Baths
3,216 Sq Ft
9,965 Sq Ft Lot

Last Sold March 08, 2023

Last sale price $570,000 $177 Per Sq Ft

Highlights

  • Evaporated cooling system
  • Wall Furnace
  • 1-Story Property

About This Home

As of March 2023

This property consists of three single story buildings
containing six units. Two buildings consisting of four units were
constructed in 1947 and upgraded throughout in 2017. One building that consists of two - two bedroom/one bath units, was built in 1986. All buildings have a newer roof. One Unit was completely remodeled last year and another unit will give the new owner the opportunity to charge market rent, in the coming weeks. Each apartment has a central
heating unit and is individually metered
for gas and electricity.

Last Agent to Sell the Property

Elma Pulido

Casa Bella Realty Group License #02080427 Listed on: 01/27/2023

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 9,965 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,216 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Evaporated cooling system
  • Central Air
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block ptn / 5
  • Tax Tract Number 6
  • Assessor Parcel Number 00205221004

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $4,260
  • Professional Management Expense $5,199
  • Trash Expense $495
  • Water Sewer Expense $1,057
  • New Taxes Expense $7,499
  • Operating Expense $19,470
  • Gross Income $51,240
  • Net Operating Income $38,666

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.84
  • Inclusions: Stoves
  • Price Per Unit: 99983
  • Professional Management Expense: 5199.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1057.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 00205221004
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 177.24

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 495.00
  • Water Source: Public
  • Cooling: Central Air, Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9965.00
  • Lot Size Acres: 0.2288

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 402 Square Feet
  • Average2 Bed Area: 804 Square Feet
  • Gross Income: 51240.00
  • Gross Multiplier: 11.71
  • Gross Operating Income: 48678.00
  • Gross Scheduled Income: 51240.00
  • Insurance Expense: 4260.00
  • Lot Size Area: 9965.0000 Square Feet
  • Net Operating Income: 38666.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 2
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 10012.00
  • Rent Control: No
  • Total Actual Rent: 4270.00
  • Total Expenses: 19470.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7499.00
  • Tax Block: 5
  • Tax Census Tract: 6.03
  • Tax Lot: ptn
  • Tax Tract Number: 6.03

Range of Values:

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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 Change Sq Ft Price
03/08/2023 03/08/23 Sold $570,000 -5.0% $177 / Sq Ft
01/27/2023 01/27/23 For Sale $599,900 -- $187 / 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: SB23009319

California Regional Multiple Listing Service (CRMLS)

APN: 002-052-21