NOT LISTED FOR SALE
14 Beds
7 Baths
4,757 Sq Ft
5,669 Sq Ft Lot

Sale Details

Date Sold: November 18, 2015

Last sale price $1,085,000 $228 Per Sq Ft

1 Day on Market

Highlights

  • Tile Flooring
  • Wall Furnace
  • 5-minute walk to Pressburg Parkway
  • Laundry Facilities

About This Home

As of November 2015

Excellent opportunity for the savvy investor. This seven unit building situated on a corner lot has nice curb appeal and is a turn key investment. Many upgrades including recently painted exterior and laminate and ceramic tile flooring throughout. New 100 gallon commercial water heater. Located in strong rental area with definite upside in rents and on-site coin operated laundry room provides an average of $100/month additional income. This property is a perfect addition to any investors portfolio.

Last Agent to Sell the Property

Gary Putman

J. Rubalcava & Associates License #00647161 Listed on: 09/03/2015

Last Buyer's Agent

Ruth Bonilla

Century 21 Jervis & Associates License #01066238

Century 21 Jervis & Associates
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,669 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • 4,757 Sq Ft Home
  • Property Attached
  • Flat Roof Shape
  • Stucco

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Disposal
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 001
  • Tax Tract Number 7125
  • Assessor Parcel Number 7125032001

Community Details

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $960
  • Insurance Expense $2,000
  • Pest Control $540
  • Water Sewer Expense $6,300
  • New Taxes Expense $12,780
  • Gross Income $7,800
  • Net Operating Income $71,320

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

5,669 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 6300.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7125032001
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 228.08

Exterior Features

  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5669.00
  • Price Per Lot Square Foot: 191.39
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 7800.00
  • Gross Scheduled Income: 94800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5669.0000 Square Feet
  • Net Operating Income: 71320.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Number With Disposal: 7
  • Operating Expense: 23480.00
  • Rent Control: No
  • Total Actual Rent: 7800.00

Tax Info

  • New Taxes Expense: 12780.00
  • Tax Lot: 001
  • Tax Tract Number: 7125

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

Closed on
Sep 3, 2016
Sold by
Bought by

Purchase Details

Listed on
Sep 3, 2015
Closed on
Sep 26, 2015
Sold by
Bought by
Seller's Agent
Gary Putman
J. Rubalcava & Associates
Buyer's Agent
Ruth Bonilla
Century 21 Jervis & Associates
List Price
$1,065,000
Sold Price
$1,085,000
Premium/Discount to List
$20,000
1.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$777,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 2010
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
-- None Available
$1,085,000 Ortc
-- Old Republic Title Company
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 $777,000
Previous Owner $777,000
Previous Owner $350,000
Previous Owner $300,000
Previous Owner $40,000
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
11/18/2015 11/18/15 Sold $1,085,000 +1.9% $228 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
09/03/2015 09/03/15 For Sale $1,065,000 -- $224 / 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 $17,745 $1,284,414 $242,674 $1,041,740
2024 $16,961 $1,259,230 $237,916 $1,021,314
2023 $16,667 $1,234,540 $233,251 $1,001,289
2022 $15,655 $1,210,334 $228,678 $981,656
2021 $15,323 $1,186,603 $224,195 $962,408
2019 $15,103 $1,151,410 $217,547 $933,863
2018 $14,703 $1,128,834 $213,282 $915,552
2016 $13,524 $1,085,000 $205,000 $880,000
2015 $6,077 $454,276 $159,228 $295,048
2014 $6,070 $445,378 $156,109 $289,269
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15195297

California Regional Multiple Listing Service (CRMLS)
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