$780,000
SOLD APR 22, 2025
6 Beds
6 Baths
3,246 Sq Ft
0.27 Acres

Recently Sold

$240 Per Sq Ft

4% Above List Price

23 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of April 2025

Well-maintained and clean multifamily property on a quiet, tree-lined street.This attractive investment features two buildings, each containing two spacious 2-bedroom units. Every unit includes a private attached garage along with additional off-street parking. Each unit has a fireplace. The grounds are beautifully landscaped, offering strong curb appeal. Conveniently located with easy access to major commuting routes.Ideal for owner-occupants—qualifies for owner-occupied financing with a minimal down payment if the buyer lives in one unit. Showings upon accepted offer. Please do not disturb tenants.Available with adjoining four units (3628 Ferndale). Can be sold together or separately.

Last Agent to Sell the Property

Patricia Morris

RE/MAX LAKESIDE Brokerage Phone: 909-844-0099 License #00689980 Listed on: 03/22/2025

RE/MAX LAKESIDE

Co-Listed By

Daniel Corcoran

Corcoran Group of California Inc. Brokerage Phone: 909-844-0099 License #00451125

Last Buyer's Agent

Kevin Watson

RE/MAX TIME REALTY License #01820631

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,754

Year Built

  • Built in 1964

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Apartment

Interior Spaces

  • 3,246 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 6718
  • Assessor Parcel Number 0271497220000
  • $504 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,558
  • Insurance Expense $874
  • Maintenance Expense $3,257
  • Pest Control $360
  • Professional Management Expense $4,632
  • Water Sewer Expense $6,069
  • New Taxes Expense $9,250
  • Operating Expense $27,350
  • Gross Income $55,200
  • Net Operating Income $36,162

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,754

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.55
  • Price Per Unit: 187250
  • Professional Management Expense: 4632.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6069.00
  • Zoning: RM
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2558.00
  • Parcel Number: 0271497220000
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Ferndale
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 240.30
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Pest Control Expense: 360.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11700.00
  • Lot Size Acres: 0.2686

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 663 Square Feet
  • Average2 Bed Area: 960 Square Feet
  • Gross Income: 55200.00
  • Gross Multiplier: 13.57
  • Gross Operating Income: 54096.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 874.00
  • Lot Size Area: 11700.0000 Square Feet
  • Maintenance Expense: 3257.00
  • Net Operating Income: 36162.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27350.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 4600.00
  • Total Expenses: 27350.00
  • Vacancy Allowance: 1104
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 9250.00
  • Tax Census Tract: 61.01
  • Tax Lot: 4
  • Tax Tract Number: 6718
  • TaxOtherAnnualAssessmentAmount: 504.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2025
Closed on
Apr 14, 2025
Sold by
Harp Laurel Dee
Bought by
Llscc Trust and Cheng
Seller's Agent
Patricia Morris
RE/MAX LAKESIDE
Buyer's Agent
Kevin Watson
RE/MAX TIME REALTY
List Price
$749,000
Sold Price
$780,000
Premium/Discount to List
$31,000
4.14%
Views
36
Current Estimated Value
$772,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,062
Avg. Annual Appreciation
-2.57%

Purchase Details

Closed on
Jul 29, 2024
Sold by
Ms Tomlinson And Mary Tomlinson Trust and Tomlinson Charles Michiels
Bought by
Harp Laurel Dee

Purchase Details

Closed on
May 8, 2013
Sold by
Tomlinson M S and Tomlinson Mary F
Bought by
Tomlinson Max Stanford and Tomlinson Mary F

Purchase Details

Closed on
Apr 5, 2006
Sold by
Tomlinson Max Stanford
Bought by
Tomlinson M S and Tomlinson Mary F
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $780,000 First American Title
Grant Deed -- First American Title
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Sold $780,000 +4.1% $240 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
03/22/2025 03/22/25 For Sale $749,000 0.0% $231 / Sq Ft
12/10/2020 12/10/20 Rented $1,100 0.0% --
12/04/2020 12/04/20 For Rent $1,100 +15.8% --
06/27/2018 06/27/18 Rented $950 0.0% --
06/18/2018 06/18/18 For Rent $950 +6.1% --
05/16/2016 05/16/16 Rented $895 0.0% --
04/18/2016 04/18/16 For Rent $895 -- --
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 $1,754 $780,000 $235,000 $545,000
2024 $1,754 $125,039 $19,212 $105,827
2023 $1,710 $122,587 $18,835 $103,752
2022 $1,710 $120,184 $18,466 $101,718
2021 $1,711 $117,828 $18,104 $99,724
2020 $1,712 $116,619 $17,918 $98,701
2019 $1,665 $114,333 $17,567 $96,766
2018 $1,566 $112,092 $17,223 $94,869
2017 $1,521 $109,894 $16,885 $93,009
2016 $1,478 $107,739 $16,554 $91,185
2015 $1,504 $106,120 $16,305 $89,815
2014 $1,445 $104,042 $15,986 $88,056
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG25057783

California Regional Multiple Listing Service (CRMLS)

APN: 0271-497-22