$1,050,000

Estimated payment $6,002/month

Total Views 2,235
6 Beds
4 Baths
3,080 Sq Ft
$341 Price per Sq Ft

Highlights

  • 0.26 Acre Lot
  • No Heating
  • 1-Story Property
  • No HOA

About This Home

Well maintained 4-unit property located on a 11,359 Sq.Ft. lot zoned R3 in TOC Tier 3, presents an excellent redevelopment opportunity or adding multiple ADUs(buyer to verify). Property consists of 4 separate buildings - two 1-bedroom units ($989, $2,340) and two 2-bedroom units ($837, $2,650). Property is generating $81,792 of total Rental Income and has very low expenses. With rental upside of over 46% and possibility to add ADUs the property presents an outstanding value-add opportunity. New owner can redevelop the property utilizing density bonus or add two additional units and keep existing structures. In either case, this is investment with huge potential and upside.

Listing Agent

Evelyn Baez Gonzalez

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 951-902-3006 License #02103055 Listed on: 07/26/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 951-902-3006 License #01315042

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,880

Year Built

  • Built in 1926

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • No Roof

Interior Spaces

  • 3,080 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Additional Features

  • Exterior Lighting
  • Urban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 309
  • Tax Tract Number 2349
  • Assessor Parcel Number 4006012016
  • $777 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • Maintenance Expense $2,400
  • Water Sewer Expense $2,700
  • New Taxes Expense $11,812
  • Operating Expense $21,112
  • Net Operating Income $60,726

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,880

Year Built

Built in 1926

Lot Details

0

Listing Details

  • CapRate: 5.78
  • Price Per Unit: 262500
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2700.00
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4006012016
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 340.91

Exterior Features

  • Fence: No
  • Pool Private: No
  • Roof: None
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11362.00
  • Lot Size Acres: 0.2608

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 12.84
  • Gross Scheduled Income: 81792.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 11362.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 60726.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21112.00
  • Rent Control: Yes
  • Total Actual Rent: 6816.00
  • Total Expenses: 21112.00
  • Vacancy Allowance: 2454

Tax Info

  • New Taxes Expense: 11812.00
  • Tax Census Tract: 2349.01
  • Tax Lot: 309
  • Tax Tract Number: 2349
  • TaxOtherAnnualAssessmentAmount: 777.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $4,880 $349,222 $172,399 $176,823
2024 $4,880 $342,375 $169,019 $173,356
2023 $4,802 $335,662 $165,705 $169,957
2022 $4,609 $329,081 $162,456 $166,625
2021 $4,539 $322,629 $159,271 $163,358
2020 $4,576 $319,321 $157,638 $161,683
2019 $4,421 $313,061 $154,548 $158,513
2018 $4,245 $306,923 $151,518 $155,405
2016 $4,044 $295,007 $145,636 $149,371
2015 $3,992 $290,577 $143,449 $147,128
2014 $4,035 $284,886 $140,640 $144,246
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2025 07/26/25 For Sale $1,050,000 -- $341 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- North American Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $575,000 No Value Available
Closed $577,500 New Conventional
Closed $335,000 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25167775

California Regional Multiple Listing Service (CRMLS)

APN: 4006-012-016