NOT LISTED FOR SALE
4 Beds
3 Baths
3,960 Sq Ft
9,972 Sq Ft Lot

Last Sold March 17, 2016

Last sale price $450,000 $114 Per Sq Ft

10 Days on Market

About This Home

As of March 2016

Known as the Casa Grande Apartments, the subject property features 6 units in a two-story low rise apartment building. Ample parking available. Built in 1980. The property can be purchased individually or as part of a five (5) multi-family property portfolio.

Last Agent to Sell the Property

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 02/15/2016

Last Buyer's Agent

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 02/15/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 9,972 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 12 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,960 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Gas Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Fireplace in Bathroom

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 242
  • Tax Tract Number 14561
  • Assessor Parcel Number 3008013040

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Gardener Expense $1,380
  • Insurance Expense $1,476
  • Maintenance Expense $3,392
  • Professional Management Expense $2,582
  • Trash Expense $9,400
  • New Taxes Expense $6,295
  • Gross Income $4,450
  • Net Operating Income $24,035

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

12

Listing Details

  • Professional Management Expense: 2582.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 1380.00
  • Parcel Number: 3008013040
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath, Electric, Gas
  • Levels: Two
  • Price Per Square Foot: 113.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 9400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9972.00
  • Price Per Lot Square Foot: 45.13
  • Lot Size Acres: 0.2290

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4450.00
  • Gross Scheduled Income: 51642.00
  • Insurance Expense: 1476.00
  • Lot Size Area: 9972.0000 Square Feet
  • Maintenance Expense: 3392.00
  • Net Operating Income: 24035.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 27607.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6295.00
  • Tax Lot: 242
  • Tax Tract Number: 14561
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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
03/17/2016 03/17/16 Sold $450,000 0.0% $114 / Sq Ft
02/25/2016 02/25/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $450,000 -- $114 / 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 $12,743 $730,004 $109,363 $620,641
2024 $12,024 $715,691 $107,219 $608,472
2023 $11,917 $701,659 $105,117 $596,542
2022 $11,133 $687,902 $103,056 $584,846
2021 $10,891 $674,415 $101,036 $573,379
2020 $8,583 $487,091 $58,450 $428,641
2019 $8,482 $477,541 $57,304 $420,237
2018 $8,359 $468,179 $56,181 $411,998
2016 $7,377 $409,034 $62,131 $346,903
2015 $7,696 $402,891 $61,198 $341,693
2014 $7,219 $124,765 $20,508 $104,257
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16032190

California Regional Multiple Listing Service (CRMLS)