NOT LISTED FOR SALE
1 Bed
2 Baths
10,240 Sq Ft
0.38 Acres

Last Sold July 16, 2015

Last sale price $1,900,000 $186 Per Sq Ft

120 Days on Market

About This Home

As of July 2015

Built in 1940, the subject property sits on 16,491 square feet of land with 10,240 rentable square feet. All utilities are master-metered. The property has twenty three designated open parking spaces. Brand new central water heater just installed.

Last Agent to Sell the Property

David Covarrubias

MARCUS & MILLICHAP Listed on: 04/24/2015

Co-Listed By

Douglas McCauley

MARCUS & MILLICHAP

Last Buyer's Agent

Cathy Cheng

CC Royal Realty License #01270713

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 23 Parking Spaces

Home Design

  • 10,240 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11203
  • Assessor Parcel Number 8568020003

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Building Details

  • 20 Leased Units
  • Electric Expense $11,022
  • Insurance Expense $4,911
  • Maintenance Expense $9,500
  • Professional Management Expense $8,105
  • Trash Expense $3,039
  • Water Sewer Expense $4,162
  • New Taxes Expense $31,746
  • Gross Income $15,900
  • Net Operating Income $102,185

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • CapRate: 5.25
  • Professional Management Expense: 8105.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4162.00
  • Property Type: Residential Income
  • Parcel Number: 8568020003
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 185.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 23.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 3039.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 16491.00
  • Price Per Lot Square Foot: 115.21
  • Lot Size Acres: 0.3790

Multi Family

  • Average1 Bed Area: 620
  • Average Studio Area: 500
  • Electric Expense: 11022.00
  • Gross Income: 15900.00
  • Gross Multiplier: 10.21
  • Gross Scheduled Income: 192800.00
  • Insurance Expense: 4911.00
  • Lot Size Area: 16491.0000 Square Feet
  • Maintenance Expense: 9500.00
  • Net Operating Income: 102185.00
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Operating Expense: 81075.00
  • Rent Control: No
  • Total Actual Rent: 15625.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 31746.00
  • Tax Lot: 2
  • Tax Tract Number: 11203
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/16/2015 07/16/15 Sold $1,900,000 -7.3% $186 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
01/08/2015 01/08/15 For Sale $2,050,000 -- $200 / 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 $33,984 $2,249,210 $1,302,174 $947,036
2024 $33,984 $2,205,109 $1,276,642 $928,467
2023 $33,347 $2,161,872 $1,251,610 $910,262
2022 $32,180 $2,119,483 $1,227,069 $892,414
2021 $32,532 $2,077,925 $1,203,009 $874,916
2019 $33,128 $2,034,394 $1,167,328 $867,066
2018 $32,520 $1,994,860 $1,144,440 $850,420
2016 $31,169 $1,900,000 $1,100,000 $800,000
2015 $30,944 $1,880,987 $1,313,055 $567,932
2014 $29,868 $1,844,142 $1,287,335 $556,807
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15009366

California Regional Multiple Listing Service (CRMLS)