NOT LISTED FOR SALE
7 Beds
6 Baths
20,711 Sq Ft
0.97 Acre Lot

Sale Details

Date Sold: August 29, 2017

Last sale price $7,600,000 $367 Per Sq Ft

133 Days on Market

Highlights

  • 42,157 Sq Ft lot
  • Central Heating and Cooling System
  • 37 Car Garage
  • Garfield Elementary School Rated A-

About This Home

As of August 2017

Constructed in 1963 on a 42,157 square foot R3 lot, Monterey Gardens is a beautifully maintained, two-story, 22 unit multifamily property comprised of five buildings totaling 20,711 square feet. The immaculate, true pride-of-ownership property has seen significant capital improvements in recent years, including full copper plumbing, new roofs, fresh exterior paint, and extensive unit renovations. The property offers controlled access, a gated pool, outdoor dining area, laundry facility with three sets of owned washers and dryers, and 37 garage and open parking spaces in the rear. The property is separately metered for gas and electric, and each unit is serviced by its own individual water heater. On carefully manicured, park-like grounds, Monterey Gardens offers an excellent unit mix of eleven one-bedroom/one-bathroom units, six two-bedroom/one-bathroom units, two two-bedroom/two-bathroom units, and three two-bedroom/one-and-a-half-bathroom townhouse-style units.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 01/11/2017

Last Buyer's Agent

Patrice Jacobs

License #01495694

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 42,157 Sq Ft Lot

Interior Spaces

  • 20,711 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • 37 Car Garage
  • Uncovered Parking

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Buildings
  • 22 Units

Listing and Financial Details

  • Assessor Parcel Number 5322-030-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.97 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 20711
  • Manager Expense: 6480.00
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 371.78

Exterior Features

  • Tennis Court Y/N: No
  • Pool Expense: 1800.00
  • Pool: No

Garage/Parking

  • Parking Garage: Garage, Uncovered
  • Total Parking: 37

Utilities

  • Cooling: Central, Wall Unit(s)
  • Electric Expense: 13484.00
  • Heating: Central, Wall

Fee Information

  • Insurance Expense: 5791.00
  • Maintenance Expense: 13200.00
  • Management Expense: 15651.00
  • Other Expense: 6624.00

Lot Info

  • Assessor Parcel Number: 5322-030-002
  • Geocode Override: No
  • Lot Size Area: 42157

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 19.33
  • Number Of Units: 22
  • Type Of Units: Apartments

Tax Info

  • Tax Expense: 86245.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
08/29/2017 08/29/17 Sold $7,600,000 -1.3% $367 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
01/11/2017 01/11/17 For Sale $7,700,000 -- $372 / Sq Ft
Source: The MLS

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 $109,648 $8,820,447 $5,802,926 $3,017,521
2025 $109,648 $8,647,498 $5,689,144 $2,958,354
2024 $106,441 $8,477,941 $5,577,593 $2,900,348
2023 $105,381 $8,311,708 $5,468,229 $2,843,479
2022 $100,356 $8,148,734 $5,361,009 $2,787,725
2021 $99,307 $7,988,956 $5,255,892 $2,733,064
2019 $95,828 $7,752,000 $5,100,000 $2,652,000
2018 $96,243 $7,600,000 $5,000,000 $2,600,000
2016 $49,487 $3,826,860 $2,487,461 $1,339,399
2015 $48,776 $3,769,378 $2,450,098 $1,319,280
2014 $48,262 $3,695,542 $2,402,104 $1,293,438
Source: Public Records

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Map

Source: The MLS

MLS Number: 17-192238

The MLS
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