$977,540
SOLD AUG 19, 2020
10 Beds
6 Baths
4,340 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$225 Per Sq Ft

2% Below List Price

73 Days on Market

Highlights

  • Gated Community
  • No HOA
  • Laundry Room
  • Polytechnic High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

As of February 2024

Absolutely beautiful Multi-Unit investment property. Situated in the Mile Square Northwest Historical District. Located in a highly desirable location. Location within walking distance of numerous Jobs, Government buildings, the Famous Mission Inn, Fox Theater, Convention Center, some of the best restaurants in town. This property is definitely an investors dream. With 6 units currently occupied by very solid renters. Each unit newly remodeled and very well maintained. Seeing this property is a must.

Last Agent to Sell the Property

Tina Lai

eXp Realty of California Inc License #01855640 Listed on: 03/17/2020

eXp Realty of California Inc

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Apartment

Interior Spaces

  • 4,340 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 6 / 4
  • Assessor Parcel Number 213103009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $199
  • Fuel Expense $68
  • Insurance Expense $1,944
  • Trash Expense $2,525
  • Water Sewer Expense $1,200
  • Security Expense $300
  • New Taxes Expense $11,500
  • Operating Expense $17,736
  • Gross Income $4,800
  • Net Operating Income $68,364

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.80
  • Other Phone Description: 6268237133
  • Other Phone Ext: 237133
  • Other Phone Number: 6268237133
  • Property Attached: Yes
  • Security Expense: 300.00
  • Security: Gated Community
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 213103009
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 225.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2525.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Garage Rental Rate: 63.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 199.00
  • Fuel Expense: 68.00
  • Garage Income: 3000.00
  • Gross Income: 4800.00
  • Gross Scheduled Income: 86100.00
  • Insurance Expense: 1944.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1800.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 68364.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Range: 6
  • Operating Expense: 17736.00
  • Rent Control: No
  • Total Actual Rent: 6925.00
  • Total Expenses: 17736.00

Tax Info

  • New Taxes Expense: 11500.00
  • Tax Block: 4
  • Tax Census Tract: 303.00
  • Tax Lot: 6

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
02/20/2024 02/20/24 Sold $1,495,000 0.0% $344 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
12/21/2023 12/21/23 For Sale $1,495,000 0.0% $344 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
11/22/2023 11/22/23 Price Changed $1,495,000 -6.3% $344 / Sq Ft
10/13/2023 10/13/23 Price Changed $1,595,000 -5.9% $368 / Sq Ft
08/02/2023 08/02/23 For Sale $1,695,000 +35.1% $391 / Sq Ft
02/28/2022 02/28/22 Sold $1,255,000 -5.3% $289 / Sq Ft
01/13/2022 01/13/22 For Sale $1,325,000 +35.5% $305 / Sq Ft
08/19/2020 08/19/20 Sold $977,540 -2.1% $225 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
03/17/2020 03/17/20 For Sale $999,000 -- $230 / Sq Ft
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: AR20058494

California Regional Multiple Listing Service (CRMLS)

APN: 213-151-012