NOT LISTED FOR SALE
12 Beds
10 Baths
17,036 Sq Ft
0.43 Acres

Last Sold July 02, 2012

Last sale price $1,525,000 $90 Per Sq Ft

30 Days on Market

Highlights

  • Gated Parking
  • Spanish Architecture
  • Wood Siding
  • 0.43 Acre Lot
  • Controlled Entrance
  • No Heating

About This Home

As of July 2012

Built in 1964 of wood frame and stucco, the property consists of one studio/one-bath unit, seven one-bedroom/one-bath units, one two bedroom/one-bath unit, and 13 two-bedroom/two-bath units. The property had 11 tuck-under parking spots and 11 open spaces. Storage units are available for the convenience of the tenants as well as secure entry and a center courtyard. The building is separately metered for gas and electric and is currently completely occupied.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 04/30/2012

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 04/30/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 100x186

Home Design

  • 17,036 Sq Ft Home
  • Spanish Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Parking

  • 23 Parking Spaces
  • 11 Carport Spaces
  • Gated Parking
  • Uncovered Parking
  • Parking Lot
  • Controlled Entrance

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 6032021025

Community Details

Overview

  • 22 Units

Building Details

  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $6,906
  • Maintenance Expense $10,797
  • Other Expense $3,300
  • Professional Management Expense $8,438
  • Trash Expense $13,552
  • Water Sewer Expense $21,097
  • New Taxes Expense $21,793
  • Gross Income $17,994
  • Net Operating Income $112,147

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.24
  • Professional Management Expense: 8438.00
  • View: No
  • Water Sewer Expenses: 21097.00
  • Zoning: LAR3
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 6032021025
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 89.52

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 11.00
  • Parking: No
  • Parking Features: Controlled Entrance, Covered, Carport, Gated, Parking Space, Uncovered
  • Total Parking Spaces: 23.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 13552.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 100x186
  • Lot Size Sq Ft: 18634.00
  • Lot Size Acres: 0.4280

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 17994.00
  • Gross Multiplier: 7.13
  • Gross Scheduled Income: 217428.00
  • Insurance Expense: 6906.00
  • Lot Size Area: 18634.0000 Square Feet
  • Maintenance Expense: 10797.00
  • Net Operating Income: 112147.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Operating Expense: 98803.00
  • Other Expense: 3300.00
  • Other Expense Description: reser/r

Tax Info

  • New Taxes Expense: 21793.00
  • Tax Area: 212
  • Tax Lot: 0.

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
07/02/2012 07/02/12 Sold $1,525,000 -1.6% $90 / Sq Ft
05/30/2012 05/30/12 Pending -- -- --
04/30/2012 04/30/12 For Sale $1,550,000 -- $91 / 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: P820375

California Regional Multiple Listing Service (CRMLS)