Seller's Agent in 2019
Jim Magliulo
Country Air Properties
(707) 263-5729
9 in this area
80 Total Sales
6364 E Highway 20 Lucerne, CA 95458
Estimated Value: $380,790 - $612,000
--
Bed
7
Baths
2,800
Sq Ft
$167/Sq Ft
Est. Value
Highlights
- Property is near a park
- No HOA
- Wood Siding
- Corner Lot
About This Home
As of March 2019Lake County Multi Family Income Property. 7 unit hotel converted to month to month studio apartments. Currently 6 of the 7 are occupied. Great low maintenance high income property. Easy to rent. Located on E Hwy 20 in Lucerne it is close to restaurants, grocery stores and public transposition. Upper units have great views of the Lake. Downstairs units have easy ADA access. Great property for the new investor.
Last Agent to Sell the Property
Country Air Properties License #01852966 Listed on: 09/28/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 4,792 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Paved or Partially Paved Lot
- Density is 6-10 Units/Acre
Home Design
- 2,800 Sq Ft Home
- Property Attached
- Flat Roof Shape
- Fire Rated Drywall
- Tar and Gravel Roof
- Composition Roof
- Wood Siding
Bedrooms and Bathrooms
- 7 Bathrooms
Location
- Property is near a park
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Assessor Parcel Number 0342131300
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- Insurance Expense $2,400
- Professional Management Expense $3,780
- Water Sewer Expense $1,620
- New Taxes Expense $4,000
- Operating Expense $10,800
- Gross Income $37,800
- Net Operating Income $25,620
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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 |
|---|---|---|---|---|
| 03/28/2019 03/28/19 | Sold | $300,000 | -14.3% | $107 / Sq Ft |
| 09/28/2018 09/28/18 | For Sale | $350,000 | -- | $125 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,047 | $446,202 | $44,617 | $401,585 |
| 2024 | $5,032 | $437,454 | $43,743 | $393,711 |
| 2023 | $4,832 | $428,878 | $42,886 | $385,992 |
| 2022 | $4,790 | $420,470 | $42,046 | $378,424 |
| 2021 | $4,823 | $412,226 | $41,222 | $371,004 |
| 2020 | $4,554 | $408,000 | $40,800 | $367,200 |
| 2019 | $2,737 | $227,196 | $64,909 | $162,287 |
| 2018 | $2,567 | $222,742 | $63,637 | $159,105 |
| 2017 | $2,501 | $218,376 | $62,390 | $155,986 |
| 2016 | $2,486 | $214,095 | $61,167 | $152,928 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Magliulo
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LC18237248
APN: 034-213-130-000
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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