NOT LISTED FOR SALE
13 Beds
10 Baths
6,011 Sq Ft
6,996 Sq Ft Lot

Last Sold December 31, 2013

Last sale price $1,757,000 $292 Per Sq Ft

30 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Stone Flooring
  • Garfield Elementary Rated A-
  • Laundry Room
  • East Facing Home

About This Home

As of December 2013

This fabulous North Park garden style apartment building was taken down to the studs in 2005 and completely rebuilt. It was remodeled to sell as condominiums, and in fact has a condominium tract map in place, so the property has a tremendous alternative exit strategy. The kitchens have granite counters and travertine floors, the baths have tiled walls and travertine floors. There is ample tuck under and open parking. The gated entrance provides additional security for this small, and beautifully appointed building. This property was priced for multiple offers so do not waste your time with low offers for this cherry building. The owners are sophisticated and know what they own. But if you are looking for a solid investment in a great rental community, this property will last the test of time.

Last Agent to Sell the Property

Robert Freedman

DOMO Real Estate License #00711607 Listed on: 11/06/2013

Co-Listed By

Anthony Barberi

Vista Sotheby’s International Realty License #01351812

Last Buyer's Agent

Robert Freedman

DOMO Real Estate License #00711607 Listed on: 11/06/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,996 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Two or More Common Walls
  • East Facing Home
  • Wood Fence
  • Fence is in good condition
  • Front Yard

Home Design

  • Contemporary Architecture
  • Property Attached
  • Additions or Alterations
  • Slab Foundation
  • Stucco

Interior Spaces

  • 6,011 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Entryway
  • Carbon Monoxide Detectors
  • Built-In Range

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 9 Parking Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 64
  • Assessor Parcel Number 4461231900

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,732
  • Insurance Expense $2,888
  • Maintenance Expense $6,858
  • Pest Control $990
  • Professional Management Expense $6,858
  • Trash Expense $2,965
  • Water Sewer Expense $5,817
  • New Taxes Expense $19,775
  • Gross Income $11,430
  • Net Operating Income $85,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 4.87
  • Improvements Amount: 346000
  • Improvements Percent: 37.00
  • Professional Management Expense: 6858.00
  • Property Attached: Yes
  • Security: Automatic Gate, Carbon Monoxide Detector(s)
  • Subdivision Name Other: North Park
  • View: No
  • Water Sewer Expenses: 5817.00
  • Zoning: R-3
  • Architectural Style: Contemporary
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 4461231900
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 292.30
  • Room Type: Entry
  • Window Features: Blinds

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet, Inside, Stackable
  • Pest Control Expense: 990.00
  • Trash Expense: 2965.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Value: 579000
  • Land Value Percent: 63.00
  • Lot Features: Front Yard
  • Lot Size: 50 X 140
  • Lot Size Sq Ft: 6996.00
  • Lot Size Acres: 0.1610

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 775
  • Electric Expense: 1732.00
  • Gross Income: 11430.00
  • Gross Multiplier: 12.76
  • Gross Scheduled Income: 137160.00
  • Insurance Expense: 2888.00
  • Lot Size Area: 6996.0000 Square Feet
  • Maintenance Expense: 6858.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 85163.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Number With Carpet: 9
  • Number With Dishwasher: 9
  • Number With Disposal: 9
  • Number With Drapes: 9
  • Number With Range: 9
  • Number With Refrigerator: 9
  • Operating Expense: 49254.00
  • Operating Expense Percent: 36.00
  • Rent Control: No
  • Vacancy Allowance: 2743
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 19775.00
  • Tax Lot: 1
  • Tax Tract Number: 64
  • Tax Year: 2012

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Property History

Date Event Price Change Sq Ft Price
12/31/2013 12/31/13 Sold $1,757,000 +0.4% $292 / Sq Ft
12/06/2013 12/06/13 Pending -- -- --
11/06/2013 11/06/13 For Sale $1,750,000 -- $291 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13226039

California Regional Multiple Listing Service (CRMLS)

APN: 446-123-19-00