NOT LISTED FOR SALE
8 Beds
8 Baths
4,400 Sq Ft
0.25 Acres Lot

Sale Details

Date Sold: November 14, 2016

Last sale price $600,000 $136 Per Sq Ft

241 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • 5 Car Garage

About This Home

As of November 2016

Well maintained 2 story , 8 one bedroom units ... no vacant units ... laundry room income ... 5 car garage and 8 parking spaces ...no rent control ...

month to month rental agreements ...room to increase rents by $ 25 to $ 50 each unit...

current $66048 gross annual income with $ 16970 in expenses ... 7.3 % cap rate

Last Agent to Sell the Property

Daniel Garcia

Odyssey Realty Group License #01290885 Listed on: 09/09/2016

Last Buyer's Agent

Ramin Ghamsari

Re/Max Grand License #01945463

Re/Max Grand

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,430

Year Built

  • Built in 1951

Lot Details

  • 11,054 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 4,400 Sq Ft Home
  • Property Attached
  • Slab Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 74 / 38
  • Tax Tract Number 9006
  • Assessor Parcel Number 3138011011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $995
  • Gardener Expense $900
  • Insurance Expense $2,350
  • Maintenance Expense $500
  • Pest Control $410
  • Professional Management Expense $375
  • Supplies Expense $75
  • Water Sewer Expense $1,995
  • New Taxes Expense $9,375
  • Gross Income $5,504
  • Net Operating Income $49,078

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,430

Year Built

Built in 1951

Lot Details

0.25 Acres

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 7.33
  • Professional Management Expense: 375.00
  • Property Attached: Yes
  • Supplies Expense: 75.00
  • Water Sewer Expenses: 1995.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 3138011011
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 136.36

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 410.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11054.00
  • Price Per Lot Square Foot: 55.99
  • Lot Size Acres: 0.2540

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 995.00
  • Gross Income: 5504.00
  • Gross Scheduled Income: 66048.00
  • Insurance Expense: 2350.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 11054.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 49078.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number With Dishwasher: 2
  • Operating Expense: 16970.00
  • Rent Control: No
  • Total Actual Rent: 5494.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Block: 38
  • Tax Lot: 74
  • Tax Tract Number: 9006
  • Tax Annual Amount: 8430.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
11/14/2016 11/14/16 Sold $600,000 -3.1% $136 / Sq Ft
10/30/2016 10/30/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $618,888 +3.1% $141 / Sq Ft
08/30/2016 08/30/16 Off Market $600,000 -- --
03/03/2016 03/03/16 For Sale $625,000 -- $142 / 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 $25,402 $1,734,000 $260,100 $1,473,900
2024 $24,635 $1,700,000 $255,000 $1,445,000
2023 $14,338 $846,196 $127,191 $719,005
2022 $13,772 $829,605 $124,698 $704,907
2021 $13,601 $813,339 $122,253 $691,086
2020 $13,594 $818,350 $122,400 $695,950
2019 $13,206 $802,350 $120,000 $682,350
2018 $12,325 $716,350 $112,200 $604,150
2016 $9,282 $475,000 $79,200 $395,800
2015 $8,207 $384,000 $63,900 $320,100
2014 $8,654 $384,000 $63,900 $320,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16045441

California Regional Multiple Listing Service (CRMLS)
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