NOT LISTED FOR SALE
-- Bed
5 Baths
3,480 Sq Ft
5,864 Sq Ft Lot

Last Sold July 30, 2021

Last sale price $1,830,000 $526 Per Sq Ft

9 Days on Market

Highlights

  • Property is near park and public transit
  • Corner Lot
  • Laundry Room
  • Fremont Elementary School Rated A
  • No HOA

About This Home

As of July 2021

FIRST TIME ON MARKET IN OVER 30 YEARS. 4130 E 10TH STREET IS A WELL-MAINTAINED 10 UNIT BREAD & BUTTER BUILDING LOCATED JUST BLOCKS FROM RECREATION PARK, MAKING IT CLOSE TO CSULB, BUSLINES, SHOPS AND RESTURANTS! THE BUILDING CONSIST OF TEN STUDIO APARTMENTS. THERE IS A SMALL PARKING LOT THAT IS SET UP TO ALLOW SEVEN VEHICLES. MOST OF THE TENANTS ARE LONG TERM TENANTS. CURRENT RENTAL RATES ARE CONSIDERABLY BELOW MARKET. OWNER BELIEVES THAT TENANTS OCCUPY THEIR UNITS ON A MONTH-TO-MONTH BASIS. ALL UTILITY SERVICES ARE ON MASTER METERS COVERING ALL APARTMENTS.

Last Agent to Sell the Property

Jim Webb

Skyline Properties License #00680534 Listed on: 05/29/2021

Last Buyer's Agent

Jim Webb

Skyline Properties License #00680534 Listed on: 05/29/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,864 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Rectangular Lot
  • Level Lot

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5 Bathrooms
  • 3,480 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Property is near park and public transit
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Tax Tract Number 5770
  • Assessor Parcel Number 7254019001

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,551
  • Gardener Expense $725
  • Insurance Expense $3,957
  • Maintenance Expense $12,780
  • Pest Control $671
  • Professional Management Expense $5,672
  • Water Sewer Expense $5,455
  • New Taxes Expense $18,900
  • Operating Expense $54,169
  • Gross Income $114,222
  • Net Operating Income $73,679

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.68
  • Professional Management Expense: 5672.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 5455.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 725.00
  • Parcel Number: 7254019001
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 525.86

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 671.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 5864.00
  • Lot Size Acres: 0.1346

Rental Info

  • Tenant Pays: None

Multi Family

  • Average Studio Area: 348 Square Feet
  • Electric Expense: 4551.00
  • Gross Income: 114222.00
  • Gross Multiplier: 12.38
  • Gross Operating Income: 123384.00
  • Gross Scheduled Income: 127200.00
  • Insurance Expense: 3957.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 765.00
  • Lot Size Area: 5864.0000 Square Feet
  • Maintenance Expense: 12780.00
  • Net Operating Income: 73679.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Number With Range: 10
  • Operating Expense: 53521.00
  • Rent Control: No
  • Total Actual Rent: 10600.00
  • Total Expenses: 54169.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18900.00
  • Tax Block: 1
  • Tax Census Tract: 5770.00
  • Tax Lot: 1
  • Tax Tract Number: 5770
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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
07/30/2021 07/30/21 Sold $1,830,000 +16.2% $526 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $1,575,000 -- $453 / 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 $25,255 $1,942,010 $1,326,510 $615,500
2024 $25,255 $1,903,932 $1,300,500 $603,432
2023 $24,814 $1,866,600 $1,275,000 $591,600
2022 $6,208 $393,366 $79,491 $313,875
2021 $6,043 $385,654 $77,933 $307,721
2020 $6,028 $382,900 $77,134 $305,766
2019 $5,956 $375,417 $75,622 $299,795
2018 $5,761 $368,081 $74,140 $293,941
2016 $5,321 $352,636 $71,262 $281,374
2015 $5,132 $347,340 $70,192 $277,148
2014 $5,152 $340,538 $68,818 $271,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21109761

California Regional Multiple Listing Service (CRMLS)