NOT LISTED FOR SALE

5173 Canoga St Montclair, CA 91763

3 Beds
2 Baths
9,192 Sq Ft
0.33 Acres

Last Sold March 10, 2023

Last sale price $2,800,000 $305 Per Sq Ft

10 Days on Market

About This Home

As of March 2023

Incredible 12-unit investment opportunity at 5173 & 5183 Canoga Street in the City of Montclair! Built in 1962, this property is situated on a 14400 square foot gated lot. The two buildings consist of eight 2 bedroom 1 bathroom units and four 1 bedroom 1 bathroom units. The property features a gated courtyard, on site laundry room, and six shared two-car detached garages. All units are individually metered for gas and electricity. Centrally located near freeway access and incredible shopping at the Montclair Plaza. Don't miss out on the opportunity to add this one to your investment portfolio! DRIVE BY SHOWINGS ONLY!

Last Agent to Sell the Property

Rachel Winetsky

RE/MAX CHAMPIONS License #00909931 Listed on: 01/09/2023

RE/MAX CHAMPIONS

Co-Listed By

Scott Winetsky

RE/MAX CHAMPIONS License #01349798

Last Buyer's Agent

Sherry Carr

Compass License #01486693

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 9,192 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 5658
  • Assessor Parcel Number 1010622330000
  • $942 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • Electric Expense $1,158
  • Fuel Expense $168
  • Gardener Expense $725
  • Insurance Expense $5,139
  • Maintenance Expense $16,978
  • Pest Control $1,490
  • Professional Management Expense $10,405
  • Trash Expense $9,966
  • Water Sewer Expense $2,376
  • Operating Expense $48,405
  • Gross Income $188,700
  • Net Operating Income $140,295

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Price Per Unit: 249167
  • Professional Management Expense: 10405.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2376.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 725.00
  • Parcel Number: 1010622330000
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 304.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1490.00
  • Sewer: Public Sewer
  • Trash Expense: 9966.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14400.00
  • Lot Size Acres: 0.3306

Multi Family

  • Electric Expense: 1158.00
  • Fuel Expense: 168.00
  • Gross Income: 188700.00
  • Gross Scheduled Income: 188700.00
  • Insurance Expense: 5139.00
  • Lot Size Area: 14400.0000 Square Feet
  • Maintenance Expense: 16978.00
  • Net Operating Income: 140295.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 48405.00
  • Rent Control: No
  • Total Actual Rent: 15725.00
  • Total Expenses: 48405.00

Tax Info

  • Tax Census Tract: 3.06
  • Tax Lot: 20
  • Tax Tract Number: 5658
  • TaxOtherAnnualAssessmentAmount: 942.00

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
03/10/2023 03/10/23 Sold $2,800,000 -6.4% $305 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $2,990,000 -- $325 / 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: CV23003544

California Regional Multiple Listing Service (CRMLS)