$1,425,000
SOLD FEB 24, 2025
14 Beds
10 Baths
6,882 Sq Ft
9,135 Sq Ft Lot

Recently Sold

$207 Per Sq Ft

16% Below List Price

90 Days on Market

Highlights

  • Laundry Room
  • Ulysses S. Grant Senior High School Rated A-
  • 5-minute walk to Fulton Ave Park

About This Home

As of February 2025

Exceptional Investment Opportunity – Spacious units with 14 Bedrooms and 11 Bathrooms This incredible apartment offers an unmatched investment opportunity with 11 parking spaces and a versatile layout featuring 14 bedrooms and 11 bathrooms spread across 6,882 SqFt. The property is divided into six 1-bedroom, 1-bath units, three 2-bedroom, 1-bath units, and one 2-bedroom, 2-bath unit, providing a variety of options for potential tenants. Situated in a high-visibility area and enclosed by a secure gate, the property offers both privacy and convenience. Whether you’re looking for a high-yield rental investment or a multi-family living solution, this apartment presents immense potential for growth and income in a prime location. A unique chance not to be overlooked!

Last Agent to Sell the Property

Haik Bokhchalian

JohnHart Real Estate Brokerage Phone: 818-400-1868 License #01325511 Listed on: 10/11/2024

JohnHart Real Estate

Last Buyer's Agent

Arthur Ambarchyan

Keller Williams R. E. Services License #01351863

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,135 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 6,882 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 11 Parking Spaces
  • 11 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 2327006093

Community Details

Overview

  • 10 Units

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,500
  • Insurance Expense $6,941
  • Trash Expense $3,726
  • Water Sewer Expense $9,600
  • Operating Expense $21,767
  • Gross Income $142,968
  • Net Operating Income $120,931

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 170000
  • Property Attached: Yes
  • Water Sewer Expenses: 9600.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2327006093
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front door
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 207.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 3726.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9135.00
  • Lot Size Acres: 0.2097

Multi Family

  • Fuel Expense: 1500.00
  • Gross Income: 142968.00
  • Gross Scheduled Income: 142968.00
  • Insurance Expense: 6941.00
  • Lot Size Area: 9135.0000 Square Feet
  • Net Operating Income: 120931.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 21767.00
  • Rent Control: Yes
  • Total Actual Rent: 11914.00
  • Total Expenses: 21767.00

Tax Info

  • Tax Census Tract: 1234.10
  • Tax Lot: 24

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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 Change Sq Ft Price
02/24/2025 02/24/25 Sold $1,425,000 -16.2% $207 / Sq Ft
10/11/2024 10/11/24 For Sale $1,700,000 -- $247 / 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: SR24210716

California Regional Multiple Listing Service (CRMLS)