NOT LISTED FOR SALE
12 Beds
6 Baths
4,876 Sq Ft
7,579 Sq Ft Lot

Last Sold November 14, 2013

Last sale price $600,000 $123 Per Sq Ft

6 Days on Market

Highlights

  • Dual Staircase
  • No HOA
  • Laundry Room

About This Home

As of November 2013

This building is in great shape, owner has taken good care of it. Driveway and parking area were paved approximately two years ago. The only reason the property is for sale is because the owner couldn't refinance his current loan which has a balloon payment. Make sure to take a look at the numbers, rents are high and expenses are low. Owner has never had a vacancy since he bought it in 2008. Owner just added coin laundry for extra income.

Last Agent to Sell the Property

Pavel Leonardo Arias

Casa Bella Properties License #01485720 Listed on: 10/16/2013

Last Buyer's Agent

Kyle Young

3L Properties, Inc. License #01902695

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,585 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 7 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 4,876 Sq Ft Home
  • Dual Staircase
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Utilities

  • Private Water Source
  • Shared Septic

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 20
  • Assessor Parcel Number 4006002034

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Electric Expense $1,500
  • Gardener Expense $720
  • Insurance Expense $1,700
  • Trash Expense $1,164
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,423
  • Gross Income $5,768
  • Net Operating Income $52,209

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,585 Sq Ft Lot

Listing Details

  • CapRate: 8.70
  • Inclusions: Washer and dryer
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4006002034
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 123.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Shared Septic
  • Trash Expense: 1164.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7585.00
  • Lot Size Acres: 0.1740

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 5768.00
  • Gross Multiplier: 8.81
  • Gross Scheduled Income: 68016.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 7585.0000 Square Feet
  • Net Operating Income: 52209.00
  • Number Of Units Total: 6
  • Operating Expense: 15807.00
  • Other Income Description: Laundry potential income
  • Rent Control: Yes
  • Total Actual Rent: 5668.00

Tax Info

  • New Taxes Expense: 7423.00
  • Tax Lot: 37
  • Tax Tract Number: 20
  • Tax Year: 2012
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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
11/14/2013 11/14/13 Sold $600,000 0.0% $123 / Sq Ft
10/22/2013 10/22/13 Pending -- -- --
10/16/2013 10/16/13 For Sale $599,900 -- $123 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $9,753 $735,505 $514,856 $220,649
2024 $9,753 $721,084 $504,761 $216,323
2023 $9,585 $706,946 $494,864 $212,082
2022 $9,179 $693,085 $485,161 $207,924
2021 $9,047 $679,497 $475,649 $203,848
2019 $8,799 $659,344 $461,542 $197,802
2018 $8,631 $646,417 $452,493 $193,924
2016 $8,186 $621,318 $434,923 $186,395
2015 $8,076 $611,987 $428,391 $183,596
2014 -- $600,000 $420,000 $180,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN13211261

California Regional Multiple Listing Service (CRMLS)
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