NOT LISTED FOR SALE
3 Beds
3 Baths
12,036 Sq Ft
10,813 Sq Ft Lot

Last Sold March 19, 2013

Last sale price $3,110,000 $258 Per Sq Ft

47 Days on Market

About This Home

As of March 2013

Remarkable 14 unit apartment building. Know as Five One Five Chevy Chase, this non rent control, newer construction asset is 100% occupied, sits on a corner lot with strong street presence, and is in turn key condition.

Extensive upgrades have been incorporated in maintaining this pride of ownership property which include:
* Laminate floors in most units
* Washer & Dryer in three units
* Individual Water Heaters
* Granite Counter Tops, Built in Microwaves in select units
* Modern Piano Black Appliances in select units
* New Pitched roof in 2011
* Professionally managed
* New modern exterior paint & landscaping

Last Agent to Sell the Property

Levon Alexanian

Keller Williams World Media Center License #00911091 Listed on: 10/22/2012

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 10,813 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 24 Parking Spaces

Home Design

  • 12,036 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5675001026

Community Details

Overview

  • 14 Units

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 14 Separate Water Meters
  • Electric Expense $1
  • Insurance Expense $1
  • Maintenance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Gross Income $19,845
  • Net Operating Income $161,758

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

10,813 Sq Ft Lot

Listing Details

  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Property Type: Residential Income
  • Parcel Number: 5675001026
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 258.39

Garage/Parking

  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10813.00
  • Lot Size Acres: 0.2480

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 19845.00
  • Gross Scheduled Income: 242940.00
  • Insurance Expense: 1.00
  • Lot Size Area: 10813.0000 Square Feet
  • Maintenance Expense: 1.00
  • Net Operating Income: 161758.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 14
  • Number Of Units Total: 14
  • Operating Expense: 73894.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1.00
  • Tax Year: 2011
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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
03/19/2013 03/19/13 Sold $3,110,000 -2.8% $258 / Sq Ft
12/08/2012 12/08/12 Pending -- -- --
10/22/2012 10/22/12 For Sale $3,200,000 -- $266 / 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 $42,265 $3,829,731 $2,290,452 $1,539,279
2024 $42,265 $3,754,640 $2,245,542 $1,509,098
2023 $41,315 $3,681,020 $2,201,512 $1,479,508
2022 $40,611 $3,608,845 $2,158,346 $1,450,499
2021 $39,886 $3,538,084 $2,116,026 $1,422,058
2019 $38,376 $3,433,144 $2,053,264 $1,379,880
2018 $37,792 $3,365,828 $2,013,004 $1,352,824
2016 $35,988 $3,235,132 $1,934,838 $1,300,294
2015 $35,261 $3,186,538 $1,905,775 $1,280,763
2014 $35,008 $3,124,119 $1,868,444 $1,255,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR12131180

California Regional Multiple Listing Service (CRMLS)
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