NOT LISTED FOR SALE
4 Beds
2 Baths
9,280 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: April 17, 2012

Last sale price $1,450,000 $156 Per Sq Ft

344 Days on Market

Highlights

  • 0.37 Acre Lot
  • Wood Siding
  • Heating System Uses Natural Gas
  • Tile Flooring

About This Home

As of April 2012

READY TO SELL! Every unit has new ceramic tile flooring throughout. Some have had the kitchen cabinets resurfaced/replaced and all have new kitchen counter tops. Most have new hardware on the kitchen cabinets. Built in 1976 and offering all LARGE 2Bd/1Ba units with 18 total parking spaces the Capitalization Rate has the potential to exceed 7%.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 02/14/2011

Last Buyer's Agent

Sylvan Swartz

Swartz Commercial Real Estate License #00648789

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 16,206 Sq Ft Lot

Home Design

  • Spanish Tile Roof
  • Tar and Gravel Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 9,280 Sq Ft Home
  • Tile Flooring
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 18 Parking Spaces
  • 10 Carport Spaces
  • Parking Available
  • Parking Lot

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Central Water Heater
  • Sewer on Bond

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 066
  • Tax Tract Number 111
  • Assessor Parcel Number 06611148

Community Details

Overview

  • 10 Units

Building Details

  • 5 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,500
  • Gardener Expense $1,200
  • Insurance Expense $3,248
  • Maintenance Expense $7,200
  • Trash Expense $1,000
  • Water Sewer Expense $5,716
  • New Taxes Expense $16,675
  • Gross Income $12,100
  • Net Operating Income $96,741

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.37 Acres

Listing Details

  • Assessments: No
  • CapRate: 6.67
  • View: No
  • Water Sewer Expenses: 5716.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 06611148
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 156.25

Exterior Features

  • Pool Private: No
  • Roof: Clay, Spanish Tile, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 10.00
  • Parking: Yes
  • Parking Features: Carport, Parking Space
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Water Heater Central
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Sewer On Bond
  • Trash Expense: 1000.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 16206.00
  • Lot Size Acres: 0.3720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 930
  • Electric Expense: 2500.00
  • Gross Income: 12100.00
  • Gross Multiplier: 9.92
  • Gross Scheduled Income: 146200.00
  • Gross Spendable Income: 30308.00
  • Insurance Expense: 3248.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 16206.0000 Square Feet
  • Maintenance Expense: 7200.00
  • Net Operating Income: 96741.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 10
  • Operating Expense: 42339.00
  • Total Actual Rent: 146400.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 16675.00
  • Tax Lot: 066
  • Tax Tract Number: 111

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

Closed on
Feb 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 5, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$859,724
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$859,724
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$727,000
Interest Rate
6.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 2001
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
8.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,350,000 Lawyers Title Insurance Corp
-- North American Title Co
$1,565,000 North American Title Co
-- Old Republic Title Company
-- --
$1,320,000 Old Republic Title Company
-- --
-- Old Republic Title Company
$1,090,000 Old Republic Title Company
-- Southland Title
$569,000 Commonwealth Land 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
Previous Owner $900,000
Previous Owner $859,724
Previous Owner $727,000
Previous Owner $390,000
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
04/17/2012 04/17/12 Sold $1,450,000 0.0% $156 / Sq Ft
01/24/2012 01/24/12 Pending -- -- --
02/14/2011 02/14/11 For Sale $1,450,000 -- $156 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $22,035 $1,729,585 $1,185,714 $543,871
2025 $22,035 $1,695,672 $1,162,465 $533,207
2024 $20,628 $1,662,424 $1,139,672 $522,752
2023 $20,188 $1,629,828 $1,117,326 $512,502
2022 $19,846 $1,597,871 $1,095,418 $502,453
2021 $19,695 $1,566,541 $1,073,940 $492,601
2020 $19,454 $1,550,479 $1,062,929 $487,550
2019 $19,019 $1,520,078 $1,042,087 $477,991
2018 $18,662 $1,490,273 $1,021,654 $468,619
2017 $18,400 $1,461,052 $1,001,621 $459,431
2016 $18,043 $1,432,404 $981,981 $450,423
2015 $17,293 $1,410,888 $967,230 $443,658
2014 $17,220 $1,383,251 $948,283 $434,968
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S648046

California Regional Multiple Listing Service (CRMLS)
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