NOT LISTED FOR SALE
2 Beds
2 Baths
5,204 Sq Ft
8,359 Sq Ft Lot

Sale Details

Date Sold: March 12, 2013

Last sale price $985,000 $189 Per Sq Ft

8 Days on Market

About This Home

As of March 2013

8 Units adjacent to Bixby Knolls. (8) 1bed/1bth units. (3) 2 car garages and two additional spaces. Well maintained building on corner lot with onsite laundry.

All tenants are HUD (Housing) tenants. (7) units at $1075 per month, (1) unit at $1061 per month. Monthly Income = $8,586 = $103,032 per year. That's only a 9.6x GRM and 6.5% cap rate. Price to Sell!!!

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 02/18/2013

Last Buyer's Agent

Alvin Benipayo

California Real Estate & inves License #01085934

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,708

Year Built

  • Built in 1947

Lot Details

  • 8,359 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • 2 Carport Spaces

Home Design

  • 5,204 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 13585
  • Assessor Parcel Number 7136015009

Community Details

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $8,586
  • Net Operating Income $63,973

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,708

Year Built

Built in 1947

Lot Details

8,359 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 6.50
  • Property Attached: Yes
  • Subdivision Name Other: California Heights (CH)
  • Property Type: Residential Income
  • Parcel Number: 7136015009
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 189.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 6.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8359.00
  • Lot Size Acres: 0.1920

Multi Family

  • Gross Income: 8586.00
  • Gross Multiplier: 9.60
  • Gross Operating Income: 97880.00
  • Gross Scheduled Income: 103032.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 25.00
  • Lot Size Area: 8359.0000 Square Feet
  • Net Operating Income: 63973.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 33908.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Total Actual Rent: 8586.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Taxes Percent: 1.10
  • Tax Lot: 9
  • Tax Tract Number: 13585
  • Tax Annual Amount: 8708.00
  • Tax Year: 2011

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
Jul 11, 2019
Sold by
Bought by

Purchase Details

Listed on
Feb 18, 2013
Closed on
Mar 4, 2013
Sold by
Bought by
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Alvin Benipayo
California Real Estate & inves
List Price
$990,000
Sold Price
$985,000
Premium/Discount to List
-$5,000
-0.51%

Purchase Details

Closed on
Nov 18, 2008
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
$470,000
Interest Rate
0.0637%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 9, 1994
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$811,500 Chicago Title Company
$985,000 Fidelity National Title Co
-- Landamerica Title
-- None Available
-- --
-- --
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 $1,450,000
Previous Owner $1,100,000
Previous Owner $738,000
Previous Owner $470,000
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
03/12/2013 03/12/13 Sold $985,000 -0.5% $189 / Sq Ft
02/26/2013 02/26/13 Pending -- -- --
02/18/2013 02/18/13 For Sale $990,000 -- $190 / 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 $28,067 $2,061,519 $1,093,645 $967,874
2024 $26,844 $2,021,098 $1,072,201 $948,897
2023 $26,148 $1,981,470 $1,051,178 $930,292
2022 $24,543 $1,942,618 $1,030,567 $912,051
2021 $24,045 $1,904,528 $1,010,360 $894,168
2019 $14,497 $1,087,980 $436,039 $651,941
2018 $14,106 $1,066,661 $427,490 $639,171
2016 $12,977 $1,024,628 $410,891 $613,737
2015 $12,469 $1,009,239 $404,720 $604,519
2014 $12,412 $989,471 $396,793 $592,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13026180

California Regional Multiple Listing Service (CRMLS)
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