NOT LISTED FOR SALE

Estimated Value: $1,324,421

9 Beds
11 Baths
7,671 Sq Ft
$173/Sq Ft Est. Value

Last Sold March 16, 2016

Last sale price $1,500,000 $196 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $8,216/month

232 Days on Market

About This Home

As of March 2016

First time on the market in over 13 years. This mixed-use property has THREE retail units and FOUR apartments with the majority of the apartment tenants on Section 8. The retail tenants have been there over 10 years and have long term leases in place. This is a steady money producer and when there has been a vacancy with one of the apartments, it has been leased up quickly. Completely remodeled in 2002, with NEW copper plumbing, NEW electrical, NEW windows, all NEW kitchens and bathrooms, all PERMITTED. Property owns all the restaurant equipment and has grease trap. Request a full Offering Memorandum from agents.

Last Agent to Sell the Property

Vanesita Revilla

First Team Real Estate License #01965872 Listed on: 04/20/2015

Co-Listed By

John Gessford

Lee & Associates Realty Group License #01137479

Lee & Associates Realty Group

Last Buyer's Agent

John Gessford

Lee & Associates Realty Group License #01137479

Lee & Associates Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,000 Sq Ft Lot
  • No Common Walls
  • End Unit
  • Density is up to 1 Unit/Acre

Home Design

  • 7,671 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 2283
  • Assessor Parcel Number 5113005006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,200
  • Maintenance Expense $450
  • Trash Expense $1,200
  • Water Sewer Expense $4,200
  • New Taxes Expense $18,000
  • Operating Expense $25,050
  • Gross Income $9,946
  • Net Operating Income $94,302

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 5113005006
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: End Unit, No Common Walls
  • Levels: Two
  • Price Per Square Foot: 195.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7000.00
  • Price Per Lot Square Foot: 214.29
  • Lot Size Acres: 0.1610

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 9946.00
  • Gross Scheduled Income: 119352.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7000.0000 Square Feet
  • Maintenance Expense: 450.00
  • Net Operating Income: 94302.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 7
  • Operating Expense: 25050.00
  • Rent Control: Yes
  • Total Actual Rent: 9946.00
  • Total Expenses: 25050.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Lot: 6
  • Tax Tract Number: 2283

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2020
Sold by
Haro Benjamin and Haro Nancy M
Bought by
Scpa Investments Llc
Current Estimated Value
$1,324,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,168,275
Outstanding Balance
$1,032,458
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$291,963

Purchase Details

Closed on
Dec 16, 2015
Sold by
E K B N Incorporated
Bought by
Haro Benjamin and Haro Nancy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2005
Sold by
Kralik Edward W
Bought by
Ekbn Inc

Purchase Details

Closed on
Jan 5, 2004
Sold by
Kralik Wendy
Bought by
Kralik Edward W

Purchase Details

Closed on
Sep 5, 2002
Sold by
Kralik Edward W
Bought by
Brown Robert S

Purchase Details

Closed on
Aug 1, 2002
Sold by
Kralik Wendy
Bought by
Kralik Edward W

Purchase Details

Closed on
Feb 27, 2002
Sold by
Crawford Eva and Carr Mia
Bought by
Kralik Edward W and Kralik Wendy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Scpa Investments Llc $1,100,000 Fidelity National Title
Haro Benjamin $1,585,000 Ticor Title Natl Commercial
Ekbn Inc -- --
Kralik Edward W -- --
Kralik Edward W -- --
Brown Robert S -- --
Kralik Edward W -- --
Kralik Edward W $150,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scpa Investments Llc $1,168,275
Previous Owner Haro Benjamin $845,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2016 03/16/16 Sold $1,500,000 -16.7% $196 / Sq Ft
12/08/2015 12/08/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $1,800,000 -- $235 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,992 $1,190,674 $454,621 $736,053
2024 $14,992 $1,167,328 $445,707 $721,621
2023 $14,714 $1,144,440 $436,968 $707,472
2022 $14,052 $1,122,000 $428,400 $693,600
2021 $13,844 $1,100,000 $420,000 $680,000
2020 $21,498 $1,715,652 $806,410 $909,242
2019 $20,659 $1,682,013 $790,599 $891,414
2018 $20,491 $1,649,034 $775,098 $873,936
2016 $7,233 $552,472 $222,189 $330,283
2015 $7,135 $544,174 $218,852 $325,322
2014 $7,179 $533,515 $214,565 $318,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15083493

California Regional Multiple Listing Service (CRMLS)

APN: 5113-005-006

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