NOT LISTED FOR SALE
3 Beds
2 Baths
4,456 Sq Ft
7,121 Sq Ft Lot

Last Sold February 15, 2013

Last sale price $750,000 $168 Per Sq Ft

6 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Laundry Room

About This Home

As of February 2013

Very well maintained beautiful garden setting 6 unit apartment. Gross annual rents $68,740. Annual expenses $27,410. All copper plumbing, new roof, new double pane windows, individually metered units. Property owned by listing agents.

Last Agent to Sell the Property

Venest Evans

Evans Realty & Property Mgmnt License #00495024 Listed on: 01/10/2013

Last Buyer's Agent

Venest Evans

Evans Realty & Property Mgmnt License #00495024 Listed on: 01/10/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,121 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,456 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for repairs
  • Tax Lot 1
  • Tax Tract Number 14429
  • Assessor Parcel Number 4103013001

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Insurance Expense $1,175
  • Maintenance Expense $2,245
  • Trash Expense $100
  • Water Sewer Expense $67
  • New Taxes Expense $7,500
  • Gross Income $6,833
  • Net Operating Income $59,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

6

Listing Details

  • CapRate: 8.00
  • Property Attached: Yes
  • Security: Automatic Gate
  • Water Sewer Expenses: 67.00
  • Property Type: Residential Income
  • Parcel Number: 4103013001
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 168.31
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7121.00
  • Lot Size Acres: 0.1630

Rental Info

  • Tenant Pays: Repairs

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 1000
  • Gross Income: 6833.00
  • Gross Multiplier: 9.40
  • Gross Scheduled Income: 80000.00
  • Gross Spendable Income: 59000.00
  • Insurance Expense: 1175.00
  • Lot Size Area: 7121.0000 Square Feet
  • Maintenance Expense: 2245.00
  • Net Operating Income: 59000.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 21000.00
  • Operating Expense Percent: 19.00
  • Rent Control: Yes
  • Total Actual Rent: 6600.00
  • Vacancy Allowance: 2000
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Lot: 1
  • Tax Tract Number: 14429
  • Tax Year: 2011

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
02/15/2013 02/15/13 Sold $750,000 0.0% $168 / Sq Ft
01/16/2013 01/16/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $750,000 -- $168 / 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: SB13003923

California Regional Multiple Listing Service (CRMLS)