NOT LISTED FOR SALE
6 Beds
3 Baths
14,132 Sq Ft
0.61 Acres

Last Sold July 25, 2016

Last sale price $2,300,000 $163 Per Sq Ft

28 Days on Market

About This Home

As of July 2016

Excellent Investment opportunity for this highly desirable apartment complex. Four 4-Plex. Great Street Explosure. All units are 2 bedroom/1 Bath. Individual hot water-heater. Strong rental market. Current rent is under market rent. Drive by only. Property to be sold AS IS condition.

Last Agent to Sell the Property

Vivian Hua

GREENFIELD REALTY License #01250305 Listed on: 04/27/2016

Last Buyer's Agent

Ping Lee

Calidad Realty License #01754674

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.61 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • 14,132 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 36 Parking Spaces
  • 18 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 8328027023

Community Details

Overview

  • 4 Buildings
  • 16 Units

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $4,849
  • Professional Management Expense $5,324
  • Trash Expense $5,210
  • Water Sewer Expense $8,157
  • New Taxes Expense $27,012
  • Gross Income $14,790
  • Net Operating Income $125,993

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 5.08
  • Professional Management Expense: 5324.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8157.00
  • Property Type: Residential Income
  • Parcel Number: 8328027023
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 162.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 18.00
  • Total Parking Spaces: 36.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 5210.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 26376.00
  • Price Per Lot Square Foot: 94.02

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 14790.00
  • Gross Scheduled Income: 178725.00
  • Insurance Expense: 4849.00
  • Net Operating Income: 125993.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 52732.00
  • Rent Control: No
  • Total Actual Rent: 14790.00

Tax Info

  • New Taxes Expense: 27012.00
  • Tax Lot: 00
  • Tax Tract Number: 0000
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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 List to Sale Price per Sq Ft
07/25/2016 07/25/16 Sold $2,300,000 -7.3% $163 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $2,480,000 -- $175 / 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 $35,197 $2,669,343 $1,160,584 $1,508,759
2024 $35,197 $2,617,004 $1,137,828 $1,479,176
2023 $34,524 $2,565,691 $1,115,518 $1,450,173
2022 $33,991 $2,515,385 $1,093,646 $1,421,739
2021 $33,188 $2,466,064 $1,072,202 $1,393,862
2019 $33,878 $2,392,920 $1,040,400 $1,352,520
2018 $31,389 $2,346,000 $1,020,000 $1,326,000
2016 $27,314 $2,077,804 $696,604 $1,381,200
2015 $27,080 $2,046,595 $686,141 $1,360,454
2014 $26,945 $2,006,506 $672,701 $1,333,805
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16088792

California Regional Multiple Listing Service (CRMLS)