NOT LISTED FOR SALE
12 Beds
8 Baths
6,020 Sq Ft
9,800 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $800,000 $133 Per Sq Ft

14 Days on Market

About This Home

As of December 2020

8 very clean units with long term tenants who are all current. 2 fourplexes with 2 separate APN's, so it could be financed with 2 separate loans as residential. Must be sold together and must close escrow on or before 12/31/2020. These units are all in very good condition with very good tenants. All units but one is rented and none are late with rent. All units have a garaged parking space. Rents are low for the area and all units could easily have the rents raised. This cash cow even has a coin operated laundry. Great location because it is in walking distance to shopping and schools. It is also very close to the freeway entrance for better commuting. Better hurry and bring all offers.

Last Agent to Sell the Property

Jason Gobeli

Solid Real Estate Solutions License #01832506 Listed on: 11/04/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 9,800 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre
  • Land Lease

Parking

  • 8 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 6,020 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 511
  • Assessor Parcel Number 44618610

Community Details

Overview

  • 4 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $1,056
  • Gardener Expense $1,080
  • Trash Expense $1,440
  • Water Sewer Expense $2,244
  • New Taxes Expense $2,877
  • Operating Expense $8,697
  • Gross Income $63,840
  • Net Operating Income $57,468

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2244.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 44618610
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 132.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9800.00
  • Lot Size Acres: 0.2250

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1056.00
  • Gross Income: 63840.00
  • Gross Scheduled Income: 63840.00
  • Lot Size Area: 9800.0000 Square Feet
  • Net Operating Income: 57468.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 6372.00
  • Rent Control: No
  • Total Expenses: 8697.00

Tax Info

  • New Taxes Expense: 2877.00
  • Tax Census Tract: 33.02
  • Tax Lot: 511

Range of Values:

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Average Value
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List Price
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
12/30/2020 12/30/20 Sold $800,000 -3.0% $133 / Sq Ft
11/04/2020 11/04/20 For Sale $825,000 +96.4% $137 / Sq Ft
10/31/2014 10/31/14 Sold $420,000 0.0% $70 / Sq Ft
09/03/2014 09/03/14 Pending -- -- --
08/27/2014 08/27/14 For Sale $420,000 +147.1% $70 / Sq Ft
02/28/2013 02/28/13 Sold $170,000 0.0% $56 / Sq Ft
01/24/2013 01/24/13 Pending -- -- --
12/13/2012 12/13/12 For Sale $170,000 -- $56 / 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: FR20232518

California Regional Multiple Listing Service (CRMLS)