NOT LISTED FOR SALE
-- Bed
-- Bath
21,651 Sq Ft
0.39 Acres

Last Sold November 30, 2018

Last sale price $7,850,000 $363 Per Sq Ft

151 Days on Market

About This Home

As of November 2018

Originally built in 1965, current ownership has extensively renovated 9 of the 24 units at the property including adding ventless washer and dryer in units, stainless steel appliances, new cabinet faces, luxury plank flooring, quartzite countertops, new ceiling fans, and upgraded lighting and plumbing fixtures and is achieving $800-$850 premiums over the average in place rents on unrenovated units. Additionally, the common areas have been improved with exterior wood cladding faade accents, landscaping upgrades, new courtyard tile, full property re-paint, and expanded electrical capacity thereby allowing investors to focus on revenue generating interior enhancements moving forward.

Last Agent to Sell the Property

Steven Goldstein

Marcus & Millichap License #01975978 Listed on: 03/01/2018

Last Buyer's Agent

Steven Goldstein

Marcus & Millichap License #01975978 Listed on: 03/01/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.39 Acre Lot

Interior Spaces

  • 21,651 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • 46 Parking Spaces
  • Attached Carport

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 5544-026-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 21651
  • Stories: 3
  • Year Built: 1965
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 369.27

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport Attached, Covered Parking
  • Total Parking: 46

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5544-026-023
  • Geocode Override: No
  • Lot Size Area: 17172

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 15.93
  • Number Of Units: 24
  • Total Annual Expense: 199107
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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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
11/30/2018 11/30/18 Sold $7,850,000 -1.8% $363 / Sq Ft
03/01/2018 03/01/18 For Sale $7,995,000 -- $369 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-337512

The MLS