NOT LISTED FOR SALE
24 Beds
12 Baths
14,700 Sq Ft
0.56 Acres

Last Sold August 17, 2012

Last sale price $1,275,000 $87 Per Sq Ft

88 Days on Market

Highlights

  • 0.56 Acre Lot
  • Contemporary Architecture
  • Carpet
  • Buchanan Elementary School Rated A-
  • Wood Siding
  • No Heating

About This Home

As of August 2012

PRIDE OF OWNERSHIP 12 PLEX IN VERY DESIRABLE AREA OF MURRIETA. 9+YEAR OLD BUILDING. QUIET LOCATION AT END OF THE DEVELOPMENT. 2 3 BEDROOMS/1BATH UNITS 8 2BEDROOM/1BATH UNITS 2 1BEDROOM/1BATH UNITS BLDG. SQ. FTG. INCLUDES 2384 SQ.FT. OF GARAGE SPACE #1 3BR $1125 #2 2BR $850 #3 2BR $800 #4 2BR $850 #5 2BR $850 #6 3BR $1125 #7 2BR $800 #8 2BR $850 #9 2BR $900 #10 2BR $900 #11 1BR $700 #12 1BR $750

Last Agent to Sell the Property

Vikki Morrison

First Team Real Estate License #00603324 Listed on: 05/19/2012

First Team Real Estate

Last Buyer's Agent

James Joseph

Liberty Real Estate Services License #00819837

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 0.56 Acre Lot

Parking

  • 10 Car Garage

Home Design

  • Contemporary Architecture
  • Wood Siding
  • Stucco

Interior Spaces

  • 14,700 Sq Ft Home
  • Carpet

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 98
  • Tax Tract Number 4476
  • Assessor Parcel Number 913202016

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $73
  • Insurance Expense $4,200
  • Maintenance Expense $120
  • Professional Management Expense $120
  • Trash Expense $260
  • Water Sewer Expense $750
  • New Taxes Expense $19,188
  • Gross Income $10,425
  • Net Operating Income $101,052

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

0

Parking

10

Listing Details

  • Assessments: No
  • CapRate: 6.32
  • Professional Management Expense: 120.00
  • View: No
  • Water Sewer Expenses: 750.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 913202016
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 86.73

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: No
  • Total Parking Spaces: 12.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Gas Water Heater
  • Trash Expense: 260.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 24394.00
  • Lot Size Acres: 0.5600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 73.00
  • Gross Income: 10425.00
  • Gross Multiplier: 12.78
  • Gross Scheduled Income: 125100.00
  • Gross Spendable Income: 101052.00
  • Insurance Expense: 4200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 24394.0000 Square Feet
  • Maintenance Expense: 120.00
  • Net Operating Income: 101052.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Number With Carpet: 12
  • Number With Dishwasher: 12
  • Number With Disposal: 12
  • Operating Expense: 24048.00

Tax Info

  • New Taxes Expense: 19188.00
  • Tax Area: 24254
  • Tax Lot: 98
  • Tax Tract Number: 4476

Range of Values:

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Sold Price
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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
08/17/2012 08/17/12 Sold $1,275,000 -20.3% $87 / Sq Ft
08/15/2012 08/15/12 Pending -- -- --
05/19/2012 05/19/12 For Sale $1,599,000 -- $109 / 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: S698642

California Regional Multiple Listing Service (CRMLS)