NOT LISTED FOR SALE
5 Beds
2 Baths
6,800 Sq Ft
0.76 Acres

Last Sold October 22, 2019

Last sale price $680,000 $100 Per Sq Ft

108 Days on Market

Highlights

  • 0.76 Acre Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of October 2019

Excellent opportunity to own this unique property with 8 homes on 1 lot. See attached Brochure for rent roll and financial information.

Last Agent to Sell the Property

Jacob Morgner

Tinetti Realty Group License #01882378 Listed on: 04/08/2019

Last Buyer's Agent

Hector Gonzalez

Fireside Realty License #01184895

Fireside Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 0.76 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 14 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 6,800 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Assessor Parcel Number 034021021000

Community Details

Overview

  • 8 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,336
  • Maintenance Expense $2,500
  • Water Sewer Expense $5,685
  • New Taxes Expense $7,300
  • Operating Expense $19,821
  • Gross Income $72,000
  • Net Operating Income $49,299

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.05
  • Property Attached: No
  • Water Sewer Expenses: 5685.00
  • Zoning: R-1-6
  • Property Type: Residential Income
  • Parcel Number: 034021021000
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 100.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 33001.00
  • Lot Size Acres: 0.7576

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1100 Square Feet
  • Gross Income: 72000.00
  • Gross Operating Income: 69120.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 4336.00
  • Lot Size Area: 33001.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 49299.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 19821.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Expenses: 19821.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 7300.00
  • Tax Census Tract: 14.01
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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 List to Sale Price per Sq Ft
10/22/2019 10/22/19 Sold $680,000 -2.7% $100 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $699,000 0.0% $103 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $699,000 -- $103 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $7,853 $746,474 $92,956 $653,518
2024 $7,853 $731,893 $91,134 $640,759
2023 $7,745 $717,598 $89,348 $628,250
2022 $7,645 $703,584 $87,597 $615,987
2021 $7,629 $689,844 $85,880 $603,964
2020 $7,690 $682,800 $85,000 $597,800
2019 $3,098 $272,763 $87,499 $185,264
2018 $2,827 $267,445 $85,784 $181,661
2017 $2,934 $262,231 $84,102 $178,129
2016 $2,889 $257,119 $82,453 $174,666
2015 $2,844 $253,280 $81,215 $172,065
2014 $2,783 $248,349 $79,625 $168,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC19079039

California Regional Multiple Listing Service (CRMLS)

APN: 034-021-021

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