NOT LISTED FOR SALE

Estimated Value: $1,373,000 - $1,871,000

8 Beds
4 Baths
3,200 Sq Ft
$504/Sq Ft Est. Value

Last Sold December 03, 2022

Last sale price $1,460,000 $456 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,231/month

8 Days on Market

Highlights

  • Golf Course Community
  • All Bedrooms Downstairs
  • Property is near park
  • Woodrow Wilson High School Rated A
  • 0.23 Acre Lot
  • Wooded Lot

About This Home

As of December 2022

Looking for income property? Look no further. Fully rented, all 2 bed - 1 bath, laundry hookups in each unit, private yards. 3 with garages, 1 with parking stall. Loads of street parking. Excellent condition. Tenants pay all utilities except water. Always rented, most long term tenants. Great rental upside potential. Close to LB State College, Recreation Park, Traffic Circle shopping, public transportation, 405,22,605. Great commuter hub location.

Last Agent to Sell the Property

Connie Wildasinn

WGroup Realtors License #01221986 Listed on: 10/05/2022

Last Buyer's Agent

Connie Wildasinn

WGroup Realtors License #01221986 Listed on: 10/05/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 10,132 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Wood Fence
  • Block Wall Fence
  • Sprinkler System
  • Wooded Lot
  • Private Yard
  • Garden

Parking

  • 1 Open Parking Space
  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Quadruplex
  • Turnkey
  • Combination Foundation
  • Fire Rated Drywall
  • Asbestos Shingle Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • Ceiling Fan
  • Window Screens
  • Living Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Quartz Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, trash collection
  • Tax Lot 22
  • Tax Tract Number 12278
  • Assessor Parcel Number 7220010016

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,680
  • Insurance Expense $1,372
  • Water Sewer Expense $3,000
  • Operating Expense $6,052
  • Gross Income $100,044
  • Net Operating Income $95,364

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Inclusions: As per estoppels - some stoves, dishwashers, some washer/dryers
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 7220010016
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Quartz Counters, Tile Counters, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Price Per Square Foot: 456.25
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Combination
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Golf, Gutters, Park, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Park Nearby, Sprinkler System, Treed Lot, Walkstreet, Yard
  • Lot Size Sq Ft: 10132.00
  • Lot Size Acres: 0.2326

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Gross Income: 100044.00
  • Gross Operating Income: 100044.00
  • Gross Scheduled Income: 100044.00
  • Insurance Expense: 1372.00
  • Lot Size Area: 10132.0000 Square Feet
  • Net Operating Income: 95364.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 4680.00
  • Rent Control: No
  • Total Actual Rent: 8337.00
  • Total Expenses: 6052.00

Tax Info

  • Tax Census Tract: 5750.02
  • Tax Lot: 22
  • Tax Tract Number: 12278

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Nov 11, 2022
Sold by
Souddress-Hedley Lisa
Bought by
Pandurangam Kiran Canchi and Canchi Himabindu
Seller's Agent
Connie Wildasinn
WGroup Realtors
Buyer's Agent
Connie Wildasinn
WGroup Realtors
List Price
$1,395,000
Sold Price
$1,460,000
Premium/Discount to List
$65,000
4.66%
Views
2
Current Estimated Value
$1,643,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,848
Avg. Annual Appreciation
3.29%
Original Mortgage
$1,022,000
Outstanding Balance
$983,590
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$629,534

Purchase Details

Closed on
Feb 5, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hedley Grant R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7%

Purchase Details

Closed on
Oct 6, 1995
Sold by
Pratt Roger W and Pratt Vera P
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pandurangam Kiran Canchi $1,460,000 Clearmark Title
Hedley Grant R $210,000 First American Title Co
Federal Home Loan Mortgage Corporation $300,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pandurangam Kiran Canchi $1,022,000
Previous Owner Hedley Grant R $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2022 12/03/22 Sold $1,460,000 0.0% $456 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
10/08/2022 10/08/22 Off Market $1,460,000 -- --
10/05/2022 10/05/22 For Sale $1,395,000 -- $436 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $19,425 $1,518,984 $998,784 $520,200
2024 $19,425 $1,489,200 $979,200 $510,000
2023 $19,101 $1,460,000 $960,000 $500,000
2022 $4,735 $328,722 $140,880 $187,842
2021 $4,618 $322,277 $138,118 $184,159
2019 $4,551 $312,720 $134,022 $178,698
2018 $4,328 $306,590 $131,395 $175,195
2016 $3,974 $294,687 $126,294 $168,393
2015 $3,827 $290,261 $124,397 $165,864
2014 $3,822 $284,576 $121,961 $162,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22215881

California Regional Multiple Listing Service (CRMLS)

APN: 7220-010-016