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

Sale Details

Date Sold: July 2, 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 18,634 Sq Ft 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

0.43 Acres

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.

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
Apr 30, 2012
Closed on
Jun 13, 2012
Sold by
Bought by
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,550,000
Sold Price
$1,525,000
Premium/Discount to List
-$25,000
-1.61%

Purchase Details

Closed on
Nov 8, 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
$761,250
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2000
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 1996
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
$1,525,000 Orange Coast Title Company
$1,150,000 Southland Title
-- --
-- --
-- --
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
Open $1,600,000
Closed $1,500,000
Previous Owner $1,107,100
Previous Owner $761,250
Previous Owner $615,000
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
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

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 $25,177 $1,877,916 $1,477,708 $400,208
2024 $24,711 $1,841,095 $1,448,734 $392,361
2023 $24,276 $1,804,996 $1,420,328 $384,668
2022 $23,234 $1,769,605 $1,392,479 $377,126
2021 $22,866 $1,734,908 $1,365,176 $369,732
2019 $22,231 $1,683,451 $1,324,685 $358,766
2018 $21,877 $1,650,443 $1,298,711 $351,732
2016 $20,734 $1,586,357 $1,248,282 $338,075
2015 $20,454 $1,562,529 $1,229,532 $332,997
2014 $20,663 $1,531,923 $1,205,448 $326,475
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P820375

California Regional Multiple Listing Service (CRMLS)
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