NOT LISTED FOR SALE
3 Beds
3 Baths
13,742 Sq Ft
19,733 Sq Ft Lot

Last Sold August 01, 2013

Last sale price $3,380,000 $246 Per Sq Ft

331 Days on Market

Highlights

  • 0.45 Acre Lot
  • Contemporary Architecture
  • No Heating

About This Home

As of August 2013

aprx 20,000 sq ft corner lot. 22 units built 1985 with 34 parking spaces in enclosed garage. 3 appealing buildings easily rented. each unit has it's own water heater. Nice well maintained elevator. Close to downtown and 5 frwy. long time onsite property manager who paints,repairs,does carpeting,etc.

Last Agent to Sell the Property

Richard Seifert

Richard Seifert, Broker License #00322222 Listed on: 03/28/2013

Richard Seifert, Broker

Last Buyer's Agent

Teresa Wang

Century Commercial RE Services License #01772547

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.45

Parking

  • 34 Parking Spaces

Home Design

  • 13,742 Sq Ft Home
  • Contemporary Architecture

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Accessible Elevator Installed
  • 19,713 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for gas
  • Legal Lot and Block 10 / I
  • Tax Tract Number 134
  • Assessor Parcel Number 40409417

Community Details

Overview

  • 3 Buildings
  • 22 Units

Building Details

  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,000
  • Gardener Expense $1,800
  • Insurance Expense $3,800
  • Maintenance Expense $2,200
  • Other Expense $10,000
  • Supplies Expense $500
  • Trash Expense $7,800
  • Water Sewer Expense $8,400
  • New Taxes Expense $37,000
  • Gross Income $23,650
  • Net Operating Income $192,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.45 Acres

Listing Details

  • Assessments: No
  • CapRate: 5.84
  • Supplies Expense: 500.00
  • View: No
  • Water Sewer Expenses: 8400.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 40409417
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 245.96

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 34.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 7800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 19713.00
  • Lot Size Acres: 0.4530

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 4000.00
  • Gross Income: 23650.00
  • Gross Multiplier: 11.63
  • Gross Scheduled Income: 283800.00
  • Insurance Expense: 3800.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 2200.00
  • Net Operating Income: 192800.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 85800.00
  • Other Expense: 10000.00

Tax Info

  • New Taxes Expense: 37000.00
  • Tax Area: 11003
  • Tax Block: I
  • Tax Lot: 10
  • Tax Tract Number: 134
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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
08/01/2013 08/01/13 Sold $3,380,000 +2.4% $246 / Sq Ft
06/01/2013 06/01/13 Pending -- -- --
07/05/2012 07/05/12 For Sale $3,300,000 -- $240 / 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 $67,881 $5,689,144 $3,413,487 $2,275,657
2024 $67,881 $5,577,593 $3,346,556 $2,231,037
2023 $66,195 $5,468,229 $3,280,937 $2,187,292
2022 $65,489 $5,361,009 $3,216,605 $2,144,404
2021 $63,970 $5,255,892 $3,153,535 $2,102,357
2020 $64,076 $5,202,000 $3,121,200 $2,080,800
2019 $62,838 $5,100,000 $3,060,000 $2,040,000
2018 $45,452 $3,641,510 $1,831,531 $1,809,979
2017 $45,066 $3,570,108 $1,795,618 $1,774,490
2016 $44,189 $3,500,106 $1,760,409 $1,739,697
2015 $43,630 $3,447,532 $1,733,966 $1,713,566
2014 $42,877 $3,380,000 $1,700,000 $1,680,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P827640

California Regional Multiple Listing Service (CRMLS)

APN: 404-094-17

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