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

Sale Details

Date 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

9,148 Sq Ft Lot

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

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
Oct 25, 2023
Closed on
Mar 14, 2024
Sold by
Bought by
Seller's Agent
Sossi Gabriel
Nova Realty
Buyer's Agent
George Felix
CB Richard Ellis, Inc.
List Price
$2,699,000
Sold Price
$2,525,000
Premium/Discount to List
-$174,000
-6.45%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,893,750
Interest Rate
0.0664%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 9, 2018
Closed on
Mar 2, 2018
Sold by
Bought by
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Sossi Gabriel
Nova Realty
List Price
$2,300,000
Sold Price
$2,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.59%
Original Mortgage
$110,000
Interest Rate
0.0443%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
0.0358%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 30, 2011
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 1997
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,525,000 California Best Title
$2,300,000 Chicago Title Co
$1,410,000 Chicago Title Company
-- None Available
-- None Available
-- None Available
-- --
$327,000 North American Title Co
$253,168 American Title Co
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
Closed $1,893,750
Closed $110,000
Closed $840,000
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 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

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 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23197215

California Regional Multiple Listing Service (CRMLS)

APN: 037-281-02

Your Personal Tour Guide

Ask me questions while you tour the home.