NOT LISTED FOR SALE
8 Beds
7 Baths
4,029 Sq Ft
7,045 Sq Ft Lot

Sale Details

Date Sold: April 5, 2019

Last sale price $1,675,000 $416 Per Sq Ft

11 Days on Market

About This Home

As of April 2019

Great Investment Opportunity! Situated on a large 7,045 SF lot, the 4,029 SF property is comprised of (1) 2bd/1bth unit, and (6) 1bd/1bth units. Built in 1955, the property includes 3 single car garages, 4 surface parking spaces, and onsite laundry. The property is well maintained but original condition. Property will be delivered with two vacant units. Current rents are well below market.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 02/15/2019

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,045 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 4,029 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 5770
  • Assessor Parcel Number 7254016018

Community Details

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $7,800
  • Net Operating Income $95,400

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

7,045 Sq Ft Lot

Parking

3

Listing Details

  • CapRate: 2.96
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7254016018
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 415.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7045.00
  • Lot Size Acres: 0.1617

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 7800.00
  • Gross Multiplier: 17.30
  • Gross Scheduled Income: 95400.00
  • Lot Size Area: 7045.0000 Square Feet
  • Net Operating Income: 95400.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Rent Control: No
  • Total Actual Rent: 6305.00

Tax Info

  • Tax Census Tract: 5770.00
  • Tax Lot: 2
  • Tax Tract Number: 5770

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2019
Closed on
Feb 27, 2019
Sold by
Bought by
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Jon Swire
The Agency
List Price
$1,650,000
Sold Price
$1,675,000
Premium/Discount to List
$25,000
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 1, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,675,000 Fidelity National Title Co
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,417,500
Closed $1,100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/05/2019 04/05/19 Sold $1,675,000 +1.5% $416 / Sq Ft
02/26/2019 02/26/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $1,650,000 -- $410 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $25,147 $1,868,489 $1,305,155 $563,334
2024 $24,054 $1,831,853 $1,279,564 $552,289
2023 $23,644 $1,795,935 $1,254,475 $541,460
2022 $22,192 $1,760,722 $1,229,878 $530,844
2021 $21,747 $1,726,199 $1,205,763 $520,436
2019 $2,879 $141,264 $28,762 $112,502
2018 $2,716 $138,496 $28,199 $110,297
2016 $2,498 $133,120 $27,105 $106,015
2015 $2,421 $131,121 $26,698 $104,423
2014 $2,448 $128,554 $26,176 $102,378
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19036339

California Regional Multiple Listing Service (CRMLS)
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