NOT LISTED FOR SALE
3 Beds
2 Baths
19,365 Sq Ft
0.69 Acre Lot

Sale Details

Date Sold: January 20, 2016

Last sale price $2,685,000 $139 Per Sq Ft

83 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Wall Furnace
  • 0.69 Acre Lot
  • Laundry Facilities

About This Home

As of January 2016

Deluxe Madison is a traditional garden style property and has been well maintained and improved. Recent exterior improvements consist of complete restoration of decks, new hardscape landscaping, exterior painting of the building, new signage, and additional exterior lighting. Awnings have also been replaced and an attractive enclosure constructed for the trash and recycling. In addition, the parking lot has been redone with an overlay slurry coat and striping. Deluxe Madison is ideally located on the intersection of Madison and Magnolia, creating significant visibility. The property focuses on a central garden courtyard which features a sparkling pool and a gazebo sitting area.

The units are all spacious one and two bedroom floor plans. The interior of the units have been upgraded with vinyl wood plank flooring throughout. Each unit has an individual hot water heater. All of the units feature ample cupboard and closet space and are equipped with smoke detectors. Heating and air-conditioning is supplied via wall mounted units.

Last Agent to Sell the Property

Alex Garcia

MARCUS & MILLICHAP License #01072982 Listed on: 09/09/2015

Last Buyer's Agent

Alex Garcia

MARCUS & MILLICHAP License #01072982 Listed on: 09/09/2015

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 30,056 Sq Ft Lot
  • Two or More Common Walls
  • Density is 31-35 Units/Acre

Parking

  • 14 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 19,365 Sq Ft Home
  • Wood Flooring

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

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

Additional Features

  • Private Pool
  • Suburban Location

Listing and Financial Details

  • Tax Lot 230
  • Tax Tract Number 121
  • Assessor Parcel Number 230121001

Community Details

Recreation

  • Community Pool

Building Details

  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 23 Separate Water Meters
  • Electric Expense $4,849
  • Insurance Expense $5,750
  • Other Expense $47,263
  • Trash Expense $2,425
  • Water Sewer Expense $2,425
  • New Taxes Expense $32,123
  • Gross Income $20,435
  • Net Operating Income $154,962

Additional Features

  • 23 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.69 Acres

Parking

14

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2425.00
  • Property Type: Residential Income
  • Parcel Number: 230121001
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Price Per Square Foot: 138.65

Exterior Features

  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 72.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 2425.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 30056.00
  • Price Per Lot Square Foot: 89.33
  • Lot Size Acres: 0.6900

Multi Family

  • Electric Expense: 4849.00
  • Gross Income: 20435.00
  • Gross Scheduled Income: 254646.00
  • Insurance Expense: 5750.00
  • Lot Size Area: 30056.0000 Square Feet
  • Net Operating Income: 154962.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 23
  • Number Of Units Total: 23
  • Operating Expense: 99684.00
  • Other Expense: 47263.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 32123.00
  • Tax Lot: 230
  • Tax Tract Number: 121

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2015
Closed on
Dec 15, 2015
Sold by
Bought by
Seller's Agent
Alex Garcia
MARCUS & MILLICHAP
Buyer's Agent
Alex Garcia
MARCUS & MILLICHAP
List Price
$2,900,000
Sold Price
$2,685,000
Premium/Discount to List
-$215,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,879,500
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,250
Interest Rate
6.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,685,000 Commonwealth Land Title
$875,000 Orange Coast Title
$192,500 Gateway Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,467,500
Closed $1,879,500
Previous Owner $1,500,000
Previous Owner $880,000
Previous Owner $656,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/20/2016 01/20/16 Sold $2,685,000 -7.4% $139 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $2,900,000 -- $150 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $36,146 $3,242,059 $603,733 $2,638,326
2025 $36,146 $3,178,491 $591,896 $2,586,595
2023 $34,975 $3,055,068 $568,913 $2,486,155
2022 $34,193 $2,995,165 $557,758 $2,437,407
2021 $33,640 $2,936,437 $546,822 $2,389,615
2020 $33,389 $2,906,329 $541,216 $2,365,113
2019 $32,767 $2,849,343 $530,604 $2,318,739
2018 $32,129 $2,799,224 $520,200 $2,279,024
2017 $31,550 $2,744,450 $510,000 $2,234,450
2016 $13,170 $1,158,128 $286,393 $871,735
2015 $12,541 $1,099,401 $282,092 $817,309
2014 $12,461 $1,081,302 $276,567 $804,735
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15200335

California Regional Multiple Listing Service (CRMLS)

APN: 230-121-001

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