NOT LISTED FOR SALE
14 Beds
14 Baths
6,500 Sq Ft
9,148 Sq Ft Lot

Last Sold March 21, 2024

Last sale price $2,525,000 $388 Per Sq Ft

103 Days on Market

Highlights

  • Open Floorplan
  • Two Story Ceilings
  • Living Room Balcony
  • Dual Staircase
  • Granite Countertops
  • Laundry Room

About This Home

As of March 2024

SELLER IS WILLING TO CARRY THE LOAN, Fully occupied 7 units and common area laundry room, all 2 bedroom 1.5 bathroom

Last Agent to Sell the Property

Sossi Gabriel

Nova Realty Brokerage Phone: 562-743-2429 License #01054807 Listed on: 10/25/2023

Last Buyer's Agent

George Felix

CB Richard Ellis, Inc. License #01327006

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Fence is in excellent condition
  • Sprinkler System
  • Density is 6-10 Units/Acre

Parking

  • 13 Car Garage
  • 13 Carport Spaces
  • Parking Available
  • Tandem Covered Parking

Home Design

  • Apartment
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 6,500 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Two Story Ceilings
  • Ceiling Fan
  • Drapes & Rods
  • Blinds

Kitchen

  • Gas Oven
  • Built-In Range
  • Microwave
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • All Upper Level Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 839
  • Assessor Parcel Number 03728102

Community Details

Overview

  • 7 Units
  • El Palacio Condo Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Maintenance Expense $720
  • Pest Control $684
  • Professional Management Expense $7,200
  • Trash Expense $1,423
  • Water Sewer Expense $3,124
  • Operating Expense $16,151
  • Gross Income $174,000
  • Net Operating Income $130,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

13

Listing Details

  • Professional Management Expense: 7200.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Subdivision Name Other: El Palacio Condo (ELPC)
  • View: No
  • Water Sewer Expenses: 3124.00
  • Zoning: C053
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 03728102
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases, Balcony, Ceiling Fan(s), Granite Counters, Living Room Balcony, Open Floorplan, Two Story Ceilings
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 388.46
  • Room Type: All Bedrooms Up, Kitchen, Laundry
  • Window Features: Blinds, Drapes

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Excellent Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 13.00
  • Garage Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Subterranean, Tandem Covered
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Gas Oven, Gas Water Heater, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, Individual Room
  • Pest Control Expense: 684.00
  • Sewer: Public Sewer
  • Trash Expense: 1423.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Sprinkler System
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 174000.00
  • Gross Operating Income: 43500.00
  • Gross Scheduled Income: 174000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 9148.0000 Square Feet
  • Maintenance Expense: 720.00
  • Net Operating Income: 130500.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 43500.00
  • Rent Control: No
  • Total Actual Rent: 14450.00
  • Total Expenses: 16151.00

Tax Info

  • Tax Area: 01001
  • Tax Lot: 5
  • Tax Tract Number: 839
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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 Prior Sale
03/21/2024 03/21/24 Sold $2,525,000 -6.4% $388 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
10/25/2023 10/25/23 For Sale $2,699,000 +17.3% $415 / Sq Ft
04/16/2018 04/16/18 Sold $2,300,000 0.0% $363 / Sq Ft View Prior Sale
02/21/2018 02/21/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $2,300,000 -- $363 / 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 $30,070 $2,575,500 $2,065,500 $510,000
2024 $30,070 $2,565,692 $1,561,727 $1,003,965
2023 $29,442 $2,515,385 $1,531,105 $984,280
2022 $29,077 $2,466,064 $1,501,083 $964,981
2021 $29,133 $2,417,710 $1,471,650 $946,060
2020 $28,991 $2,392,920 $1,456,560 $936,360
2019 $28,117 $2,346,000 $1,428,000 $918,000
2018 $18,165 $1,466,964 $936,360 $530,604
2017 $17,463 $1,438,200 $918,000 $520,200
2016 $7,212 $499,070 $41,769 $457,301
2015 $7,141 $491,574 $41,142 $450,432
2014 $6,751 $481,945 $40,336 $441,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23197215

California Regional Multiple Listing Service (CRMLS)

APN: 037-281-02