NOT LISTED FOR SALE

Estimated Value: $1,230,000 - $1,547,000

4 Beds
3 Baths
2,037 Sq Ft
$683/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $1,300,000 $638 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,517/month

16 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Stacked Washer and Dryer
  • R. L. Stevenson Elementary School Rated A
  • Laundry Room

About This Home

As of September 2022

Triplex, not ADU conversion. Not a flip: Same owner last thirty-six years. Rear unit has two bedrooms and one bathroom, front two units are one bedroom and one bathroom each. All three units have central air, hardwood floors, smooth ceilings, gas stoves, separate power and gas meters, dual-pane vinyl windows, and laundry hookups for washer/dryer. Three individual one-car locking garages on alley are separately rented. All unit photos historical and taken when unit was last vacant.

Last Agent to Sell the Property

Erich Kroy

California Real Estate Service License #01109541 Listed on: 06/14/2022

Last Buyer's Agent

Ara Ishkhanian

Keller Williams Realty World Media Center License #01358291

Keller Williams Realty World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 5,484 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage

Home Design

  • 2,037 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Location

  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 88
  • Tax Tract Number 10134
  • Assessor Parcel Number 2483016403
  • $286 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $175
  • Gardener Expense $780
  • Insurance Expense $2,000
  • Maintenance Expense $655
  • Pest Control $225
  • Water Sewer Expense $1,020
  • New Taxes Expense $13,000
  • Operating Expense $17,630
  • Gross Income $65,460
  • Net Operating Income $52,594

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1020.00
  • Zoning: BUR4*
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 2483016403
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 638.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Stackable
  • Pest Control Expense: 225.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5484.00
  • Lot Size Acres: 0.1259

Rental Info

  • Garage Rental Rate: 1500.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 175.00
  • Garage Income: 4500.00
  • Gross Income: 65460.00
  • Gross Scheduled Income: 70224.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5484.0000 Square Feet
  • Maintenance Expense: 655.00
  • Maintenance Percent: 1.00
  • Net Operating Income: 52594.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 17630.00
  • Rent Control: Yes
  • Total Actual Rent: 60960.00
  • Total Expenses: 17630.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 3116.01
  • Tax Lot: 88
  • Tax Tract Number: 10134
  • TaxOtherAnnualAssessmentAmount: 286.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
Robert Mottolo Living Trust
Bought by
Alameda 2 Estate Llc
Current Estimated Value
$1,391,903

Purchase Details

Closed on
Feb 11, 2015
Sold by
Mottolo Robert D
Bought by
Mottolo Robert and The Robert Mottolo Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Alameda 2 Estate Llc $1,300,000 First American Title Company O
Mottolo Robert -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2022 09/19/22 Sold $1,300,000 +30.0% $638 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $999,950 -- $491 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $14,862 $1,352,520 $811,512 $541,008
2024 $14,862 $1,326,000 $795,600 $530,400
2023 $14,703 $1,300,000 $780,000 $520,000
2022 $3,592 $305,368 $303,552 $1,816
2021 $3,568 $299,381 $297,600 $1,781
2019 $3,429 $290,503 $288,774 $1,729
2018 $3,331 $284,808 $283,112 $1,696
2016 $3,109 $273,750 $272,119 $1,631
2015 $3,047 $269,639 $268,032 $1,607
2014 $3,058 $264,358 $262,782 $1,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22128286

California Regional Multiple Listing Service (CRMLS)

APN: 2483-016-403