NOT LISTED FOR SALE
3 Beds
3 Baths
3,260 Sq Ft
8,400 Sq Ft Lot

Sale Details

Date Sold: February 22, 2013

Last sale price $670,000 $206 Per Sq Ft

57 Days on Market

About This Home

As of February 2013

Offering it's tenants a quite and peaceful living environment the subject property consists of a two buildings on one parcel. The front building has two units and the rear building is comprised of 4 units. Each is individually metered for gas and electricity as well as having it's own water heater. Parking consists of two open spaces in the front and 4 open spaces in the rear of the property. With a Capitaization Rate just under 6.5% this investment offers an extremely attractive return.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 02/01/2013

Last Buyer's Agent

Spencer Hoo

Epique Inc License #01470365

Epique Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,400

Parking

  • 6 Parking Spaces

Home Design

  • 3,260 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • 8,400 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 398
  • Tax Tract Number 495
  • Assessor Parcel Number 39849510

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $900
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $3,459
  • Other Expense $3,176
  • Trash Expense $1,250
  • Water Sewer Expense $2,030
  • New Taxes Expense $8,836
  • Gross Income $5,610
  • Net Operating Income $44,052

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

8,400 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 6.48
  • View: No
  • Water Sewer Expenses: 2030.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 39849510
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 205.52

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 1250.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8400.00
  • Lot Size Acres: 0.1930

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 5610.00
  • Gross Multiplier: 9.79
  • Gross Scheduled Income: 69480.00
  • Gross Spendable Income: 15709.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 3459.00
  • Net Operating Income: 44052.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 21954.00
  • Other Expense: 3176.00
  • Other Expense Description: Misc
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8836.00
  • Tax Lot: 398
  • Tax Tract Number: 495
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
02/22/2013 02/22/13 Sold $670,000 -1.5% $206 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $680,000 -- $209 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S719830

California Regional Multiple Listing Service (CRMLS)

APN: 398-495-10

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