NOT LISTED FOR SALE
7 Beds
3 Baths
2,479 Sq Ft
5,255 Sq Ft Lot

Last Sold August 11, 2021

Last sale price $1,400,000 $565 Per Sq Ft

7 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Park
  • Garfield Elementary Rated A-
  • No HOA
  • Laundry Room

About This Home

As of August 2021

3 Unit investment opportunity located in University Heights area near Our Lady Peace Academy. With a walkability score of 86, this property will continue to be in strong demand for renters or an owner user for years to come. This property is composed of a front house with plenty of driveway parking and a 2 story duplex in the back also with its own parking accessed by the alleyway. Front unit is a 3 bed 1 bath with wood floors throughout. Separate family room/dining room with in-unit laundry. Back units are stacked 2 bed 1 baths. The garage is currently being used as a storage and laundry room for back units.

Last Agent to Sell the Property

Steve Sladek

Coldwell Banker West License #02083314 Listed on: 07/05/2021

Coldwell Banker West

Co-Listed By

Tanner Hitt

Coldwell Banker West License #01948949

Last Buyer's Agent

Janna Hernholm

Pacific Sotheby's International Realty License #00841932

Pacific Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,255 Sq Ft Lot
  • Lot Dimensions are 37 x 140 x 38 x 140
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 8 Open Parking Spaces
  • 1 Car Garage

Home Design

  • 2,479 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 08001
  • Tax Tract Number 8001
  • Assessor Parcel Number 4382522600

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • New Taxes Expense $14,300
  • Operating Expense $1,000
  • Gross Income $62,940
  • Net Operating Income $61,940

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.76
  • Property Attached: Yes
  • Zoning: R:2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4382522600
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 564.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban, Park

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Level, Near Public Transit, Yard
  • Lot Size: 37 X 140 X 38 X 140
  • Lot Size Sq Ft: 5255.00
  • Lot Size Acres: 0.1206

Multi Family

  • Gross Income: 62940.00
  • Gross Scheduled Income: 62940.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5255.0000 Square Feet
  • Net Operating Income: 61940.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 5245.00
  • Total Expenses: 1000.00

Tax Info

  • New Taxes Expense: 14300.00
  • Tax Lot: 08001
  • Tax Tract Number: 08001

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2021 08/11/21 Sold $1,400,000 +7.7% $565 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $1,300,000 -- $524 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2104665

California Regional Multiple Listing Service (CRMLS)

APN: 438-252-26-00