Seller's Agent in 2017
Kamran Mahdavi
Kamran Mahdavi, Broker
(949) 697-6496
7 Total Sales
629 E Elk Ave Glen Dale, CA 91205
Mariposa Neighborhood
17
Beds
10
Baths
10,700
Sq Ft
0.31
Acres
Highlights
- 13,531 Sq Ft lot
- Fireplace in Kitchen
- Laundry Room
- Horace Mann Elementary School Rated A-
- No HOA
- Rectangular Lot
About This Home
As of October 2017Newer built(1986)14 units. Located in a secure gated building. Double lot with subterranean parking. There are 8 two bedroom one bath and 6 one bedroom one bath.
Property has long term tenants and the lease amounts have not been properly adjusted for the past 12 years.
Most of the units are on month to month lease contract.
Units 13 and 14 information are combined due to input limitation.
The pro-forma income is based on the current comps for the area, estimated at $273,600 after future rental adjustment. Operating expense will change to $90,000 and estimated net income will be $183,500.
Estimated future cap rate = 5.09
Estimated future Gross multiplier = 13.15
Buyers are hereby advised to check the most current comps for more accurate projections.
Last Agent to Sell the Property
Kamran Mahdavi, Broker License #01234129 Listed on: 07/06/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 0.31 Acre Lot
- Two or More Common Walls
- Rectangular Lot
- Level Lot
Parking
- 14 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
Interior Spaces
- 10,700 Sq Ft Home
- 3-Story Property
- Fireplace in Kitchen
- Laundry Room
Bedrooms and Bathrooms
- 17 Bedrooms
- 10 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 35
- Tax Tract Number 1164
- Assessor Parcel Number 5674025037
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 14 Units
Amenities
- Laundry Facilities
Building Details
- 14 Leased Units
- 14 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,700
- Fuel Expense $360
- Gardener Expense $2,220
- Insurance Expense $5,460
- Maintenance Expense $8,400
- Other Expense $1,200
- Pest Control $600
- Professional Management Expense $9,600
- Trash Expense $2,160
- Water Sewer Expense $14,400
- New Taxes Expense $38,520
- Operating Expense $85,480
- Gross Income $3,000
- Net Operating Income $119,900
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2017 10/20/17 | Sold | $3,760,000 | +4.4% | $351 / Sq Ft |
| 07/06/2017 07/06/17 | For Sale | $3,600,000 | -- | $336 / 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 | $47,052 | $4,278,234 | $1,706,742 | $2,571,492 |
| 2024 | $47,052 | $4,194,348 | $1,673,277 | $2,521,071 |
| 2023 | $45,991 | $4,112,107 | $1,640,468 | $2,471,639 |
| 2022 | $45,208 | $4,031,478 | $1,608,302 | $2,423,176 |
| 2021 | $44,420 | $3,952,430 | $1,576,767 | $2,375,663 |
| 2019 | $42,734 | $3,839,400 | $1,530,000 | $2,309,400 |
| 2018 | $42,066 | $3,764,200 | $1,500,000 | $2,264,200 |
| 2016 | $26,924 | $2,396,081 | $1,321,147 | $1,074,934 |
| 2015 | $26,386 | $2,360,091 | $1,301,303 | $1,058,788 |
| 2014 | $26,226 | $2,313,861 | $1,275,813 | $1,038,048 |
Source: Public Records
Agents Affiliated with this Home
-
Kamran Mahdavi
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC17154516
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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