NOT LISTED FOR SALE
-- Bed
-- Bath
6,624 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: July 31, 2013

Last sale price $2,000,000 $302 Per Sq Ft

170 Days on Market

Highlights

  • 0.35 Acre Lot
  • Carpet
  • No Heating
  • No Interior Steps

About This Home

As of July 2013

The two building with 508 and 512 E. Wilhelmina St, with the two parcel # 035-165-33 and 035-165-34 which contain of 12 Single story 2 Bed/1 Bath units on a 35,567 sqft lot, Existing amenities include: 1 close car Garage, Pvt Patios for each unit, Large Court yard in the middle and Play ground in the back of the units, with Pvt laundry room in the back of the propty. Price to be sold. Please, Drive by only, and do not talk to tenants, write offer subject to inspection, Thanks.

Last Agent to Sell the Property

Ross Abbasi

Citizens Choice Realty Inc License #00808491 Listed on: 04/13/2013

Last Buyer's Agent

J.R. Shah

Century 21 Discovery License #01116918

Century 21 Discovery
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 15,282 Sq Ft Lot
  • Lot Dimensions are 54x280
  • Property fronts an alley

Home Design

  • Composition Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 6,624 Sq Ft Home
  • Carpet

Kitchen

  • Gas Oven or Range
  • Range

Parking

  • 24 Parking Spaces
  • Single Garage Door

Additional Features

  • No Interior Steps
  • No Heating

Listing and Financial Details

  • Tax Lot B
  • Tax Tract Number 811

Community Details

Overview

  • 508 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $540
  • Gardener Expense $2,700
  • Insurance Expense $6,597
  • Maintenance Expense $7,000
  • Pest Control $600
  • Professional Management Expense $6,646
  • Trash Expense $783
  • Water Sewer Expense $4,200
  • New Taxes Expense $18,198
  • Gross Income $173,400
  • Net Operating Income $115,661

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0.35 Acres

Listing Details

  • Assessments: No
  • CapRate: 5.51
  • Professional Management Expense: 6646.00
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Gardener Expense: 2700.00
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Accessibility Features: No Interior Steps
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 301.93

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Concrete

Garage/Parking

  • Parking: No
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Pest Control Expense: 600.00
  • Trash Expense: 783.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size: 54x280
  • Lot Size Sq Ft: 15282.00
  • Lot Size Acres: 0.3510

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 173400.00
  • Gross Multiplier: 12.01
  • Gross Scheduled Income: 174900.00
  • Insurance Expense: 6597.00
  • Maintenance Expense: 7000.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 115661.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 53992.00
  • Other Expense Description: 300
  • Total Actual Rent: 173400.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18198.00
  • Tax Area: 01001
  • Tax Lot: B
  • Tax Tract Number: 811

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
Jan 6, 2022
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
$2,415,000
Outstanding Balance
$2,191,374
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2020
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
$800,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2013
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
$1,000,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2011
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
$2,237,701
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2007
Sold by
Bought by

Purchase Details

Closed on
May 23, 2002
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
$699,300
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$4,025,000 Chicago Title
-- Lawyers Title
-- Pacific Coast Title Company
-- Old Republic Title Company
$1,880,000 Investors Title Company
$999,000 First American Title Co
$412,500 Old Republic Title Company
-- --
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
Open $2,415,000
Previous Owner $800,000
Previous Owner $1,000,000
Previous Owner $800,000
Previous Owner $2,237,701
Previous Owner $699,300
Previous Owner $574,000
Previous Owner $417,445
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
07/31/2013 07/31/13 Sold $2,000,000 -4.8% $302 / Sq Ft
05/23/2013 05/23/13 Pending -- -- --
12/04/2012 12/04/12 For Sale $2,100,000 -- $317 / 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
2026 $24,447 $2,045,796 $1,845,039 $200,757
2025 $24,447 $2,005,683 $1,808,862 $196,821
2024 $23,214 $1,966,356 $1,773,394 $192,962
2023 $22,727 $1,927,800 $1,738,621 $189,179
2022 $14,299 $1,155,155 $866,369 $288,786
2021 $14,317 $1,132,505 $849,381 $283,124
2020 $14,254 $1,120,893 $840,672 $280,221
2019 $13,845 $1,098,915 $824,188 $274,727
2018 $13,564 $1,077,368 $808,027 $269,341
2017 $13,044 $1,056,244 $792,184 $264,060
2016 $13,003 $1,035,534 $776,651 $258,883
2015 $12,886 $1,019,980 $764,985 $254,995
2014 $12,111 $1,000,000 $750,000 $250,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S719787

California Regional Multiple Listing Service (CRMLS)
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