NOT LISTED FOR SALE
4 Beds
3 Baths
4,420 Sq Ft
7,614 Sq Ft Lot

Last Sold December 29, 2021

Last sale price $1,485,000 $336 Per Sq Ft

464 Days on Market

Highlights

  • Mountain View
  • Main Floor Bedroom
  • Laundry Room
  • Property is near public transit
  • Tile Countertops
  • Central Heating and Cooling System

About This Home

As of December 2021

Ideal 5 unit in North Azusa. Built in 1985 Stable tenants with below market rents. Excellent unit mix with 3- 2 bedroom / 2 bath units and 2 - 2 bedroom / 1 bath units. Units are individually metered for gas , electricity and water. Each unit features its own washer and dryer. Each unit has a garage and there is also open parking.

The property is in close proximity to Metro Gold Line Station ,Citrus College and Azusa Pacific University.

Compare with older units and this property is priced well per unit considering newer construction and rent upside.

Last Agent to Sell the Property

Michael Cirrito

Home Free Realty Listed on: 03/04/2020

Last Buyer's Agent

Michael Cirrito

Home Free Realty Listed on: 03/04/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 7,613 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Rectangular Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,420 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Entryway
  • Family Room with Fireplace
  • Mountain Views

Kitchen

  • Gas Oven
  • Gas Range
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 11 / 17
  • Tax Tract Number 2045
  • Assessor Parcel Number 8608028008

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $380
  • Insurance Expense $1,800
  • Professional Management Expense $2,400
  • Water Sewer Expense $2,700
  • New Taxes Expense $16,500
  • Operating Expense $31,297
  • Net Operating Income $58,943

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

7,613 Sq Ft Lot

Parking

8

Listing Details

  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2700.00
  • Zoning: AZR3C*
  • Property Type: Residential Income
  • Parcel Number: 8608028008
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Fireplace Features: Family Room, Electric, Gas
  • Price Per Square Foot: 335.97
  • Room Type: Entry, Family Room, Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Rectangular Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 7613.00
  • Lot Size Acres: 0.1748

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 380.00
  • Gross Scheduled Income: 92040.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 7613.0000 Square Feet
  • Net Operating Income: 58943.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Operating Expense: 31297.00
  • Rent Control: Yes
  • Total Expenses: 31297.00

Tax Info

  • New Taxes Expense: 16500.00
  • Tax Block: 17
  • Tax Census Tract: 4006.02
  • Tax Lot: 11
  • Tax Tract Number: 2045
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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
12/29/2021 12/29/21 Sold $1,485,000 -4.2% $336 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
03/04/2020 03/04/20 For Sale $1,550,000 -- $351 / 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 $19,754 $1,575,893 $742,845 $833,048
2024 $19,754 $1,544,994 $728,280 $816,714
2023 $19,239 $1,514,700 $714,000 $800,700
2022 $19,007 $1,485,000 $700,000 $785,000
2021 $15,254 $1,175,859 $690,469 $485,390
2019 $14,760 $1,140,985 $669,991 $470,994
2018 $14,188 $1,118,613 $656,854 $461,759
2016 $13,555 $1,075,178 $631,349 $443,829
2015 $11,567 $905,000 $459,000 $446,000
2014 $11,024 $905,000 $459,000 $446,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20012361

California Regional Multiple Listing Service (CRMLS)
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