NOT LISTED FOR SALE
19 Beds
10 Baths
9,228 Sq Ft
0.29 Acres

Last Sold December 13, 2013

Last sale price $1,850,000 $200 Per Sq Ft

61 Days on Market

Highlights

  • Dual Staircase
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Victory Boulevard Elementary School Rated 9+
  • No HOA
  • Laundry Room

About This Home

As of December 2013

$100,000 PRICE REDUCTION!!! EXTREMELY WELL MAINTAINED 12 UNIT BUILDING WITH MANY UPGRADES. NO DIFFERED MAINTENANCE. COPPER PLUMBING, UPDATED ELECTRICAL, REMODELED KITCHENS WITH TILE COUNTERS AND TILE FLOORS, NEW BATH VANITIES, TUBS AND TILE COUNTERS AND FLOORS. THE HARDWOOD FLOORS WERE REFINISHED IN ALL UNITS. EACH UNIT HAS BUILT IN INDIVIDUAL AIR CONDITIONER. TEN 2/1 AND TWO 1/1. ALL LARGE UNITS. ONE BEDROOMS UNITS EACH HAVE A LARGE COVERED BALCONY WITH TILE FLOORING. CENTER COURT YARD WITH WELL KEPT GARDEN. WROUGHT IRON FENCING IN FRONT WITH SECURITY GATE. THERE ARE ALSO 11 COVERED, GATED SECURED PARKING SPACES. THERE ARE 3 STORAGE SPACES FOR LANDLORD SUPPLIES OR RENTAL. LAUNDRY PROVIDES ADDITIONAL INCOME (APPROX. $200) EACH MONTH. SEVERAL LONG TERM TENANTS. GOOD AREA. WALK TO ALL SERVICES. CLOSE TO FREEWAY. PLEASE DO NOT DISTURB TENANTS.
HUGE PRICE REDUCTION!!!!

Last Agent to Sell the Property

Virginia Bellinis

Coldwell Banker Tri-Counties R License #01299518 Listed on: 08/03/2013

Coldwell Banker Tri-Counties R

Last Buyer's Agent

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 9,228 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Gas Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 11 Parking Spaces
  • 11 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 11 / A
  • Tax Tract Number 10443
  • Assessor Parcel Number 2335009009

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Gardener Expense $877
  • Insurance Expense $3,583
  • Maintenance Expense $840
  • Professional Management Expense $8,620
  • Trash Expense $1,212
  • Water Sewer Expense $2,775
  • New Taxes Expense $25,878
  • Gross Income $165,684
  • Net Operating Income $117,717

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: KITCHEN RANGES.
  • Professional Management Expense: 8620.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2775.00
  • Property Type: Residential Income
  • Gardener Expense: 877.00
  • Parcel Number: 2335009009
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 200.48

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 11.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 11.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 1212.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12487.00
  • Lot Size Acres: 0.2870

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 610
  • Average2 Bed Area: 800
  • Electric Expense: 3000.00
  • Gross Income: 165684.00
  • Gross Scheduled Income: 165684.00
  • Insurance Expense: 3583.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12487.0000 Square Feet
  • Maintenance Expense: 840.00
  • Net Operating Income: 117717.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Number With Range: 12
  • Operating Expense: 47967.00
  • Rent Control: Yes
  • Total Actual Rent: 163284.00

Tax Info

  • New Taxes Expense: 25878.00
  • Tax Block: A
  • Tax Lot: 11
  • Tax Tract Number: 10443

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2013 12/13/13 Sold $1,850,000 -13.1% $200 / Sq Ft
10/03/2013 10/03/13 Pending -- -- --
08/03/2013 08/03/13 For Sale $2,129,900 -- $231 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR13155048

California Regional Multiple Listing Service (CRMLS)