NOT LISTED FOR SALE
8 Beds
8 Baths
5,392 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: December 11, 2020

Last sale price $1,780,000 $330 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • 6 Car Detached Garage
  • Spanish Architecture
  • Balcony
  • Bathtub with Shower

About This Home

As of December 2020

INVESTORS YOU DECIDE...REHAB, CONDO CONVERSION, or NEW DEVELOPMENT. This 8-unit apartment building, Zoned PSR3, is near the N. Orange Grove and Lincoln Ave. corridor where new commercial and residential projects are currently in progress. Property is being sold, AS IS, No Concessions, No Termite, No Repairs. This property needs major work, i.e., termite damage, new plumbing, electrical, and roof. This investment opportunity has great potential and is ideal for contractors and investors. It will not qualify for traditional financing. Broker does not guarantee the accuracy of square footage, lot size, or other information concerning the condition or features of the property provided by the seller, obtained from public records, or other sources. The buyer is advised to independently verify the accuracy of all information listed in the MLS through personal and professional inspection. Property is 100% vacant. Sale to include 540 Lincoln APN 5726-015-016 & 524 Lincoln 5726-015-016.

Last Agent to Sell the Property

Sheila Brittain

Sheila Brittain Realty License #00885866 Listed on: 09/21/2020

Last Buyer's Agent

Matt Ly

Coldwell Banker Realty License #01441481

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 10,945 Sq Ft Lot
  • West Facing Home
  • Sprinkler System

Parking

  • 6 Car Detached Garage

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 5,392 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • French Doors

Flooring

  • Wood
  • Wood Under Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Balcony

Utilities

  • 220 Volts
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5726-015-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 5392
  • Lot Acreage: 0.2513
  • Probate: No
  • Property Condition: Repairs Major, Repair Cosmetic, Fixer
  • Stories: 2
  • Year Built: 1925
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 220V Throughout
  • Flooring: Wood, Wood Under Carpet, Mixed, Hardwood
  • Bedrooms: 8
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 389.47

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony, High Ceilings (9 Feet+), French Doors
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Detached
  • Total Parking: 6

Utilities

  • Volt 220: 220V Throughout
  • Water Heater: Gas
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 73.18
  • Assessed Improvement Value: 46025
  • Assessed Land Percent: 26.82
  • Assessed Land Value: 16872
  • Total Assessed Value: 62897
  • Assessor Parcel Number: 5726-015-017
  • Lot Size Area: 10945

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.49
  • Number Of Units: 8
  • Type Of Units: One Bedrooms

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

Listed on
Sep 21, 2020
Closed on
Oct 15, 2020
Sold by
Bought by
Seller's Agent
Sheila Brittain
Sheila Brittain Realty
Buyer's Agent
Matt Ly
Coldwell Banker Realty
List Price
$2,100,000
Sold Price
$1,780,000
Premium/Discount to List
-$320,000
-15.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1995
Sold by
Bought by

Purchase Details

Closed on
Jul 19, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,780,000 Fidelity National Title Co
-- --
-- --
-- --
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
Closed $1,643,000
Closed $1,664,000
Closed $1,400,000
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
12/11/2020 12/11/20 Sold $1,780,000 -15.2% $330 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $2,100,000 +18.0% $389 / Sq Ft
09/25/2020 09/25/20 Off Market $1,780,000 -- --
09/21/2020 09/21/20 For Sale $2,100,000 -- $389 / Sq Ft
Source: The MLS

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
2025 $19,141 $1,509,991 $990,425 $519,566
2024 $18,222 $1,480,384 $971,005 $509,379
2023 $18,072 $1,451,358 $951,966 $499,392
2022 $17,473 $1,422,900 $933,300 $489,600
2021 $16,578 $1,395,000 $915,000 $480,000
2020 $2,385 $67,544 $17,904 $49,640
2019 $2,373 $66,236 $17,553 $48,683
2018 $2,277 $64,954 $17,209 $47,745
2016 $2,114 $61,665 $16,542 $45,123
2015 $2,084 $60,740 $16,294 $44,446
2014 $2,116 $59,551 $15,975 $43,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-635840

The MLS
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