$2,190,000
$189K PRICE DROP

Estimated payment $14,181/month

Total Views 1,459
16 Beds
9 Baths
5,624 Sq Ft
$389 Price per Sq Ft

Highlights

  • Gated Parking
  • Central Heating
  • Gated Home

About This Home

We are pleased to present this 5-unit offering in Wellington Square, a great community on the corner of Virginia Road and Washington Boulevard. The property features an excellent unit mix, consisting of (2) 4-bedroom/2-bath units, (2) 3-bedroom/1.5-bath units, and (1) 2-bedroom/1-bath unit. All units are equipped with wall air conditioning and central heating. The subject property sits on a 10,359-square-foot corner lot zoned LAR3, built in 1983 (non-rent-controlled building), with individual electric, gas meters, and water heaters. The building is well-maintained and features on-site laundry facilities, as well as 10 parking spaces, including 3 covered spaces. This is an excellent value-add opportunity for an investor.

Listing Agent

Andrew Cha

Andrew Cha License #01327638 Listed on: 06/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 10,359 Sq Ft Lot
  • Gated Home

Home Design

  • 5,624 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 9 Bathrooms

Parking

  • 10 Parking Spaces
  • Gated Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5061-005-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5624
  • Lot Acreage: 0.2378
  • Probate: No
  • Year Built: 1983
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 9.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 389.40

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 10

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 14000.00
  • Heating: Central
  • Security: Gated

Fee Information

  • Insurance Expense: 3500.00
  • Maintenance Expense: 4800.00
  • Trash Expense: 4200.00

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 682695
  • Assessed Land Percent: 60
  • Assessed Land Value: 1024044
  • Total Assessed Value: 1706739
  • Assessor Parcel Number: 5061-005-025
  • Lot Size Area: 10359

Rental Info

  • Total Actual Rent: 194640.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.20
  • Number Of Units: 5
  • Total Annual Expense: 42836
  • Type Of Units: 5 plex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 24000.00

Map

Range of Values:

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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 Change Sq Ft Price
06/24/2025 06/24/25 Price Changed $2,190,000 0.0% $389 / Sq Ft
06/24/2025 06/24/25 For Sale $2,190,000 -7.9% $389 / Sq Ft
06/04/2025 06/04/25 Off Market $2,379,000 -- --
02/26/2025 02/26/25 For Sale $2,379,000 +58.6% $423 / Sq Ft
10/10/2016 10/10/16 Sold $1,500,000 0.0% $267 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $1,500,000 -- $267 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25503451

The MLS