$5,425,000
SOLD DEC 8, 2021
9 Beds
8 Baths
12,613 Sq Ft
0.43 Acres

Recently Sold

$430 Per Sq Ft

1% Below List Price

281 Days on Market

Highlights

  • 0.43 Acre Lot
  • Laundry Room
  • Bike Trail
  • No HOA

About This Home

As of December 2021

High demand rentals in a secured by electronic gate opener building. Waiting list for new tenants. Owners have kept up the building well with appreciative tenants and all paying on time. Close to Civic Center, all transportation and schools. Well kept up building showing pride of ownership.
Owners recently bought what was described as top of the line "Rolls Royce" of laundry machines.

Last Agent to Sell the Property

Richard Seifert

Richard Seifert, Broker License #00322222 Listed on: 12/07/2020

Richard Seifert, Broker

Last Buyer's Agent

Kevin Baek

Redpoint Realty License #01791559

Redpoint Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $48,199

Year Built

  • Built in 1979

Lot Details

  • 0.43 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 12,613 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 23 Parking Spaces
  • 21 Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 502
  • Assessor Parcel Number 01012159

Community Details

Overview

  • No Home Owners Association
  • 19 Units

Recreation

  • Bike Trail

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,656
  • Fuel Expense $7,000
  • Insurance Expense $4,733
  • Maintenance Expense $4,800
  • Other Expense $6,000
  • Trash Expense $5,675
  • Water Sewer Expense $7,812
  • New Taxes Expense $59,000
  • Operating Expense $99,441
  • Gross Income $336,300
  • Net Operating Income $236,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$48,199

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.30
  • Other Phone Description: 7145853271
  • Other Phone Number: 7145853271
  • Property Attached: Yes
  • Water Sewer Expenses: 7812.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 01012159
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 430.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 21.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 23.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 5675.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 18731.00
  • Lot Size Acres: 0.4300

Rental Info

  • Garage Rental Rate: 50.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1656.00
  • Fuel Expense: 7000.00
  • Garage Income: 2400.00
  • Gross Income: 336300.00
  • Gross Scheduled Income: 323700.00
  • Insurance Expense: 4733.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 4800.00
  • Lot Size Area: 18731.0000 Square Feet
  • Maintenance Expense: 4800.00
  • Net Operating Income: 236859.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 19
  • Operating Expense: 99441.00
  • Other Expense: 6000.00
  • Other Expense Description: apt mgr
  • Other Income1: 5400.00
  • Other Income Description: water charge to tenants
  • Rent Control: No
  • Total Actual Rent: 26975.00
  • Total Expenses: 99441.00
  • Vacancy Allowance: 1400

Tax Info

  • New Taxes Expense: 59000.00
  • Tax Area: 11-003
  • Tax Census Tract: 749.01
  • Tax Lot: 1
  • Tax Tract Number: 502
  • Tax Annual Amount: 48199.00

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Range of Values:

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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 Change Sq Ft Price
07/01/2025 07/01/25 Pending -- -- --
06/25/2025 06/25/25 Price Changed $4,000,000 0.0% $317 / Sq Ft
06/25/2025 06/25/25 For Sale $4,000,000 -11.1% $317 / Sq Ft
06/25/2025 06/25/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $4,500,000 0.0% $357 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
02/24/2025 02/24/25 Price Changed $4,500,000 -6.1% $357 / Sq Ft
01/07/2025 01/07/25 For Sale $4,790,000 -11.7% $380 / Sq Ft
12/08/2021 12/08/21 Sold $5,425,000 -1.4% $430 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
12/07/2020 12/07/20 For Sale $5,500,000 -- $436 / 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: PW20252228

California Regional Multiple Listing Service (CRMLS)