NOT LISTED FOR SALE
12 Beds
8 Baths
4,800 Sq Ft
6,073 Sq Ft Lot

Sale Details

Date Sold: October 26, 2021

Last sale price $1,972,000 $411 Per Sq Ft

59 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • No HOA

About This Home

As of October 2021

Location...Location...Location. Prime 4 unit TOWNHOMES in very desirable area of Normal Heights, north of Adams Ave. Each unit is 3 bedroom 2.5 bath (1/2 bath downstairs) with each unit having indoor laundry, patio area and each sharing 1/2 of a garage. Complex has total of 2 garages (each 2-car garage is shared by two units). Units are appx. 1200+ sq. ft. (not measured) built in 1988, very well maintained. Pictures are from one unit only. Buyer to verify ALL, including sq. ft. of each units before closing escrow.

Last Agent to Sell the Property

Randy Lipsey

Keller Williams Realty License #00429993 Listed on: 05/30/2021

Keller Williams Realty

Last Buyer's Agent

Jason Lee

Nara Advisors, Inc. License #02068011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,073 Sq Ft Lot
  • No Units Above
  • Corner Lot
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 4,800 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in unit

Listing and Financial Details

  • Tax Lot 08001
  • Tax Tract Number 985
  • Assessor Parcel Number 4393823000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $600
  • New Taxes Expense $25,000
  • Operating Expense $28,100
  • Gross Income $70,300
  • Net Operating Income $70,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

6,073 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 2.81
  • Property Attached: No
  • Zoning: R-4 Multiple Residential
  • Property Type: Residential Income
  • Parcel Number: 4393823000
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No One Above
  • Price Per Square Foot: 410.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Level
  • Lot Size Sq Ft: 6073.00
  • Lot Size Acres: 0.1394

Multi Family

  • Gross Income: 70300.00
  • Gross Scheduled Income: 98400.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6073.0000 Square Feet
  • Net Operating Income: 70300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28100.00
  • Rent Control: Yes
  • Total Actual Rent: 8200.00
  • Total Expenses: 28100.00

Tax Info

  • New Taxes Expense: 25000.00
  • Tax Lot: 08001
  • Tax Tract Number: 000985

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
Feb 23, 2022
Sold by
Bought by

Purchase Details

Listed on
May 30, 2021
Closed on
Oct 25, 2021
Sold by
Bought by
Seller's Agent
Randy Lipsey
Keller Williams Realty
Buyer's Agent
Jason Lee
Nara Advisors, Inc.
List Price
$2,500,000
Sold Price
$1,972,000
Premium/Discount to List
-$528,000
-21.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,448,600
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 30, 2021
Closed on
Oct 21, 2021
Sold by
Bought by
Seller's Agent
Randy Lipsey
Keller Williams Realty
Buyer's Agent
Jason Lee
Nara Advisors, Inc.
List Price
$2,500,000
Sold Price
$1,972,000
Premium/Discount to List
-$528,000
-21.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,448,600
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 30, 2021
Closed on
Sep 16, 2021
Sold by
Bought by
Seller's Agent
Randy Lipsey
Keller Williams Realty
Buyer's Agent
Jason Lee
Nara Advisors, Inc.
List Price
$2,500,000
Sold Price
$1,972,000
Premium/Discount to List
-$528,000
-21.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,448,600
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 1999
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
$332,772
Interest Rate
0.0795%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 1997
Sold by
Bought by

Purchase Details

Closed on
Sep 30, 1997
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 1988

Purchase Details

Closed on
Nov 5, 1986
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
-- Lawyers Title
-- --
-- --
$1,972,000 Lawyers Title
-- Lawyers Title
-- None Available
$335,000 United Title Company
-- --
-- --
-- --
-- --
$377,000 --
$93,000 --
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
Closed $1,448,600
Closed $815,000
Closed $815,000
Closed $581,000
Closed $573,400
Closed $117,000
Closed $439,000
Closed $98,800
Closed $332,772
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
10/26/2021 10/26/21 Sold $1,972,000 -10.4% $411 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/22/2021 07/22/21 Price Changed $2,200,000 -4.3% $458 / Sq Ft
06/28/2021 06/28/21 Price Changed $2,300,000 -8.0% $479 / Sq Ft
05/30/2021 05/30/21 For Sale $2,500,000 -- $521 / 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 $25,243 $2,190,641 $1,485,631 $705,010
2024 $25,243 $2,051,668 $1,456,560 $595,108
2023 $24,686 $2,011,440 $1,428,000 $583,440
2022 $24,029 $1,972,000 $1,400,000 $572,000
2021 $5,903 $475,658 $170,382 $305,276
2020 $5,832 $470,781 $168,635 $302,146
2019 $5,729 $461,551 $165,329 $296,222
2018 $5,356 $452,502 $162,088 $290,414
2017 $80 $443,630 $158,910 $284,720
2016 $5,143 $434,933 $155,795 $279,138
2015 $5,067 $428,401 $153,455 $274,946
2014 $4,989 $420,011 $150,450 $269,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2103718

California Regional Multiple Listing Service (CRMLS)

APN: 439-382-30-00

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