$1,325,000
SOLD NOV 28, 2022
7 Beds
4 Baths
2,252 Sq Ft
6,251 Sq Ft Lot

Recently Sold

$588 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • Laundry Room
  • Back and Front Yard
  • 3-minute walk to Wightman Street Neighborhood Park
  • Shed
  • 1-Story Property

About This Home

As of November 2022

This awesome 4-plex in city heights is fully rented. All the tenants are great and pay rent on time! All tenants would prefer to stay.
2 of the units have been recently completely renovated! 2 new water heaters and a brand new security gate has just been added to the property to add security and privacy.
The Property also has 2 large storage sheds and plenty of parking.

Get this cash cow in an up and coming neighborhood today.

Shown with an accepted offer. Do not disturb tenants.

Last Agent to Sell the Property

Blake Cory

eXp Realty of California, Inc. License #01781649 Listed on: 10/20/2022

eXp Realty of California, Inc.

Co-Listed By

Joseph Conti

Pacific Sotheby's Int'l Realty License #02123053

Last Buyer's Agent

Eric Hunley

Hunley Realty Group License #01729765

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,251 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 2,252 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 11 / G
  • Tax Tract Number 1732
  • Assessor Parcel Number 4716211300
  • $42 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • City Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $2,400
  • Operating Expense $4,200
  • Gross Income $82,056
  • Net Operating Income $77,856

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 350000
  • Property Attached: No
  • Subdivision Name Other: City Heights
  • Water Sewer Expenses: 2400.00
  • Zoning: RM-1-1
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4716211300
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 588.37

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 6251.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 82056.00
  • Gross Scheduled Income: 82056.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6251.0000 Square Feet
  • Net Operating Income: 77856.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4200.00
  • Rent Control: No
  • Total Expenses: 4200.00

Tax Info

  • Tax Block: G
  • Tax Census Tract: 27.10
  • Tax Lot: 11
  • Tax Tract Number: 1732
  • TaxOtherAnnualAssessmentAmount: 42.00

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Range of Values:

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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 Change Sq Ft Price
11/28/2022 11/28/22 Sold $1,325,000 -5.4% $588 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $1,399,999 +13.5% $622 / Sq Ft
07/02/2021 07/02/21 Sold $1,234,000 -1.2% --
05/14/2021 05/14/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $1,249,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW22226372

California Regional Multiple Listing Service (CRMLS)

APN: 471-621-13-00