NOT LISTED FOR SALE
-- Bed
-- Bath
4,105 Sq Ft
7,013 Sq Ft Lot

Last Sold October 11, 2013

Last sale price $1,000,000 $244 Per Sq Ft

155 Days on Market

About This Home

As of October 2013

The Multifamily property offers 10 studio/one-bath units. Most units offer ceramic tile counter tops in the kitchen area, and ceramic tile in the bath and shower enclosures. Each unit features nice kitchen area with electric stove , sink, garbage disposal and refrigerator. The building is all electric with each unit separately metered for electricity. Each unit features two closets, build in dresser drawers, heating and air conditioning are provided by separate, individual wall units, separate hot water in each unit and security front doors.

A large laundry room and a large storage area which is currently being used as an office room are also part of the building.
The entire roof was replaced in the last 4 years.
Parking is provided by four enclosed garages and six covered carports for a total of 10 off street parking spaces.

The location is within easy walking distance to entertainment, dining and civic buildings including the public library. Buyers to verify the square footage of the building. RENTS ARE UNDER MARKET

Last Agent to Sell the Property

Ritchie Velitchkov

Luxre Realty, Inc. License #01875984 Listed on: 04/15/2013

Luxre Realty, Inc.

Last Buyer's Agent

Evelyn Xu

License #01474588

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,001 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 6 Carport Spaces

Home Design

  • 4,105 Sq Ft Home
  • Property Attached

Additional Features

  • Urban Location
  • Sewer Assessments

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 8141015004

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Insurance Expense $2,061
  • Maintenance Expense $1,680
  • Trash Expense $1,680
  • New Taxes Expense $904
  • Gross Income $7,550
  • Net Operating Income $60,030

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

7,001 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 8141015004
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 243.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Sewer: Sewer Assessments
  • Trash Expense: 1680.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7001.00
  • Lot Size Acres: 0.1610

Multi Family

  • Gross Income: 7550.00
  • Gross Scheduled Income: 90600.00
  • Insurance Expense: 2061.00
  • Lot Size Area: 7001.0000 Square Feet
  • Maintenance Expense: 1680.00
  • Net Operating Income: 60030.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 30570.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 904.00
  • Tax Lot: 4
  • Tax Year: 2012
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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
10/11/2013 10/11/13 Sold $1,000,000 -4.8% $244 / Sq Ft
09/17/2013 09/17/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $1,050,000 -- $256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,229 $1,225,856 $612,928 $612,928
2024 $16,229 $1,201,820 $600,910 $600,910
2023 $15,994 $1,178,256 $589,128 $589,128
2022 $15,611 $1,155,154 $577,577 $577,577
2021 $15,260 $1,132,504 $566,252 $566,252
2019 $14,934 $1,100,814 $549,457 $551,357
2018 $14,622 $1,079,268 $538,684 $540,584
2016 $14,110 $1,035,534 $517,767 $517,767
2015 $13,607 $1,019,980 $509,990 $509,990
2014 $13,431 $1,000,000 $500,000 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13067608

California Regional Multiple Listing Service (CRMLS)
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