NOT LISTED FOR SALE
24 Beds
8 Baths
8,112 Sq Ft
0.51 Acres

Last Sold May 21, 2013

Last sale price $1,520,000 $187 Per Sq Ft

15 Days on Market

About This Home

As of May 2013

Great Opportunity to own this income property in an excellent location. 8 units total, all with 3 bedrooms and 1.5 baths. Easy to manage and high income potential. Sitting on a huge lot for future development. Don’t miss this chance to invest in an outstanding property like this. Please do not walk onto property or disturb the tenants!!

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 02/14/2013

High Ten Partners, Inc.

Last Buyer's Agent

TIMOTHY TSE

TSE REALTY & MANAGEMENT SERVIC License #01905123

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.51 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 8,112 Sq Ft Home
  • Property Attached
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 8 Bathrooms

Parking

  • 16 Parking Spaces
  • 8 Carport Spaces

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 10990
  • Assessor Parcel Number 8549008008

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $238
  • Gardener Expense $1,200
  • Insurance Expense $2,880
  • Professional Management Expense $6,438
  • Trash Expense $4,085
  • Water Sewer Expense $3,750
  • New Taxes Expense $19,850
  • Gross Income $10,635
  • Net Operating Income $88,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • CapRate: 5.60
  • Improvements Percent: 55.00
  • Professional Management Expense: 6438.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3750.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8549008008
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 187.38

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Trash Expense: 4085.00

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 22320.00
  • Lot Size Acres: 0.5120

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average3 Bed Area: 1014
  • Electric Expense: 238.00
  • Gross Income: 10635.00
  • Gross Multiplier: 12.44
  • Gross Scheduled Income: 127620.00
  • Gross Spendable Income: 88950.00
  • Insurance Expense: 2880.00
  • Lot Size Area: 22320.0000 Square Feet
  • Net Operating Income: 88950.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 38669.00
  • Rent Control: No
  • Total Actual Rent: 10635.00

Tax Info

  • New Taxes Expense: 19850.00
  • Tax Lot: 7
  • Tax Tract Number: 10990
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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
05/21/2013 05/21/13 Sold $1,520,000 -4.3% $187 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $1,588,000 -- $196 / 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 $26,905 $1,871,758 $1,354,565 $517,193
2024 $26,905 $1,835,057 $1,328,005 $507,052
2023 $26,487 $1,799,076 $1,301,966 $497,110
2022 $25,504 $1,763,801 $1,276,438 $487,363
2021 $26,106 $1,729,217 $1,251,410 $477,807
2020 $25,352 $1,711,487 $1,238,579 $472,908
2019 $25,323 $1,677,930 $1,214,294 $463,636
2018 $24,112 $1,645,031 $1,190,485 $454,546
2016 $22,184 $1,581,155 $1,144,258 $436,897
2015 $21,950 $1,557,406 $1,127,071 $430,335
2014 $21,509 $1,526,900 $1,104,994 $421,906
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13023588

California Regional Multiple Listing Service (CRMLS)