NOT LISTED FOR SALE
4 Beds
3 Baths
1,600 Sq Ft
5,583 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $950,600 $594 Per Sq Ft

26 Days on Market

Highlights

  • New Construction
  • Property is near a park
  • High Ceiling
  • Open Floorplan
  • Wood Flooring
  • Private Yard

About This Home

As of September 2021

BACK ON THE MARKET - SUBJECT TO CANCELLATION OF EXISTING ESCROW - BUYER UNABLE TO GET FINANCING DUE TO JOB LOSS - Great opportunity to own 2 homes on one lot * Electric is separated with 2 individual meters, Front home has gas and rear home is all electric, water meter is not separated but could be sub metered easily * Back house is a new construction 2 bed, 2 bath ADU with 10 foot ceilings, Solar panels in and paid for, white shaker cabinets, Calcutta look quartz counters, stainless appliances, SPC waterproof wood look flooring, Shower and tub surround tile on floated walls * Very nice and modern, 8' x 12' tough shed with pavers for walkway next to back unit * Front house had been previously remodeled with dual pane vinyl windows, upgraded kitchen, bathroom and laundry room, newer roof, beautiful large covered patio with nice pavers, 1 car attached garage with direct access, new paint in and out * All new landscape with auto sprinklers * These units would rent for approx. $2,750 a month each, Rent out both, Rent one and live in the other or maybe you have a large family that still would prefer their space? Property is turnkey and ready to go!

Last Agent to Sell the Property

Michelle Scales

Re/Max College Park Realty License #00952161 Listed on: 07/23/2021

Re/Max College Park Realty

Last Buyer's Agent

Mike Ung

West Shores Realty License #01413675

West Shores Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 5,583 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Turnkey
  • Interior Block Wall
  • Composition Roof

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Data
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Living Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer
  • 220 Volts In Laundry

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Property is near a park

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 14594
  • Assessor Parcel Number 7170004014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $900
  • New Taxes Expense $11,600
  • Operating Expense $13,700
  • Gross Income $66,000
  • Net Operating Income $53,500

Property Details

Home Type

Multi-Family

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

1

Listing Details

  • CapRate: 5.76
  • Other Phone Number: 714-264-1173
  • Price Per Unit: 482500
  • Property Attached: No
  • View: No
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7170004014
  • Year Built: 2021
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls, Ceiling Fan(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Wired for Data
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 594.12
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Walk-In Closet

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Electric Cooktop, Electric Water Heater, Free-Standing Range, Disposal, Gas & Electric Range, Gas Range, Gas Water Heater, Microwave, Water Heater
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Park Nearby, Sprinkler System, Yard
  • Lot Size Sq Ft: 5583.00
  • Lot Size Acres: 0.1282

Multi Family

  • Gross Income: 66000.00
  • Gross Multiplier: 14.07
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5583.0000 Square Feet
  • Net Operating Income: 53500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 12500.00
  • Rent Control: Yes
  • Total Expenses: 13700.00

Tax Info

  • New Taxes Expense: 11600.00
  • Tax Lot: 31
  • Tax Tract Number: 14594

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
09/17/2021 09/17/21 Sold $950,600 -1.5% $594 / Sq Ft
08/16/2021 08/16/21 Price Changed $965,000 +3.9% $603 / Sq Ft
07/23/2021 07/23/21 For Sale $929,000 -- $581 / 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: RS21160387

California Regional Multiple Listing Service (CRMLS)