NOT LISTED FOR SALE
5 Beds
3 Baths
4,992 Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: May 22, 2017

Last sale price $1,184,000 $237 Per Sq Ft

69 Days on Market

About This Home

As of May 2017

8 units all single story. great rental location. above a six cap on actual numbers. very close proximity to USC. Separately metered for gas and electric.

Last Agent to Sell the Property

Thomas Watkins

Pacific Peak Investment RE License #01754440 Listed on: 01/17/2017

Last Buyer's Agent

Thomas Watkins

Pacific Peak Investment RE License #01754440 Listed on: 01/17/2017

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 14,249 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,992 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 407
  • Tax Tract Number 2
  • Assessor Parcel Number 5113026007

Community Details

Overview

  • 6 Buildings
  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,997
  • Professional Management Expense $5,000
  • Trash Expense $2,000
  • Water Sewer Expense $4,300
  • New Taxes Expense $15,600
  • Operating Expense $37,623
  • Gross Income $105,648
  • Net Operating Income $64,856

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0.33 Acres

Parking

5

Listing Details

  • Professional Management Expense: 5000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4300.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5113026007
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 237.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14249.00

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 105648.00
  • Gross Scheduled Income: 105648.00
  • Insurance Expense: 1997.00
  • Net Operating Income: 64856.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 37632.00
  • Rent Control: Yes
  • Total Expenses: 37623.00

Tax Info

  • New Taxes Expense: 15600.00
  • Tax Census Tract: 2284.20
  • Tax Lot: 407
  • Tax Tract Number: 2

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
Mar 9, 2017
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2006
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
$615,000
Interest Rate
6.56%
Mortgage Type
Commercial
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
$1,186,000 None Available
-- None Available
$820,000 Commonwealth Land Title
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 $1,005,000
Previous Owner $615,000
Previous Owner $375,000
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
05/22/2017 05/22/17 Sold $1,184,000 +0.8% $237 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $1,175,000 -- $235 / 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 $17,838 $1,376,448 $696,348 $680,100
2024 $17,585 $1,349,460 $682,695 $666,765
2023 $17,263 $1,323,001 $669,309 $653,692
2022 $16,503 $1,297,061 $656,186 $640,875
2021 $16,292 $1,271,629 $643,320 $628,309
2020 $16,446 $1,258,591 $636,724 $621,867
2019 $15,832 $1,233,914 $624,240 $609,674
2018 $15,580 $1,209,720 $612,000 $597,720
2016 $10,808 $824,000 $317,800 $506,200
2015 $9,797 $739,000 $285,000 $454,000
2014 $9,249 $672,800 $285,100 $387,700
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17010322

California Regional Multiple Listing Service (CRMLS)
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