$1,555,000
SOLD APR 23, 2025
10 Beds
10 Baths
7,901 Sq Ft
0.52 Acres

Recently Sold

$197 Per Sq Ft

2 Days on Market

Highlights

  • Gated Parking
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 0.52 Acre Lot
  • Neighborhood Views
  • Laundry Room

About This Home

As of April 2025

**Great Location and Convenience!** This gated apartment building is easy to manage and rent, promising good rental income. It consists of 12 units, ten units are designed as 1-bed/1-bath and two units are designed as 2-bed/1-bath. The property is across to Norton Elementary School offering nine garages and three parking spaces. Many tenants have been long-term residents paying below-market rent, indicating significant upside potential for rental income. This makes it an excellent choice for apartment investors looking to maximize their returns.

Last Agent to Sell the Property

Yunju Wang

Pinnacle Real Estate Group Brokerage Phone: 626-826-4927 License #01898512 Listed on: 03/25/2025

Pinnacle Real Estate Group

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1948

Lot Details

  • 0.52 Acre Lot
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Fence is in average condition
  • Landscaped
  • Level Lot

Parking

  • 3 Open Parking Spaces
  • 9 Car Garage
  • Parking Available
  • Gated Parking
  • Parking Lot

Home Design

  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 7,901 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 2 / 64
  • Assessor Parcel Number 0140222240000
  • $2,564 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 12 Units
  • Greenbelt

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $365
  • Fuel Expense $299
  • Gardener Expense $2,662
  • Insurance Expense $9,817
  • Maintenance Expense $12,960
  • Pest Control $1,250
  • Trash Expense $2,604
  • Water Sewer Expense $5,040
  • New Taxes Expense $19,375
  • Operating Expense $54,919
  • Gross Income $151,752
  • Net Operating Income $94,465

Property Details

Home Type

Apartment

Year Built

Built in 1948

Lot Details

0

Parking

9

Listing Details

  • CapRate: 6.06
  • Other Phone Description: 6268264927
  • Price Per Unit: 129833
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 5040.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2662.00
  • Parcel Number: 0140222240000
  • Year Built: 1948
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 196.81

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Concrete, Gated, Parking Space, Private
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 1250.00
  • Sewer: Public Sewer
  • Trash Expense: 2604.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Greenbelt, Landscaped, Level with Street
  • Lot Size Sq Ft: 22500.00
  • Lot Size Acres: 0.5165
  • Latitude Manual: 34.11417900

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 950 Square Feet
  • Electric Expense: 365.00
  • Fuel Expense: 299.00
  • Gross Income: 151752.00
  • Gross Operating Income: 153936.00
  • Gross Scheduled Income: 151752.00
  • Insurance Expense: 9817.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2184.00
  • Lot Size Area: 22500.0000 Square Feet
  • Maintenance Expense: 12960.00
  • Net Operating Income: 94465.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number Wall A C: 12
  • Operating Expense: 59471.00
  • Rent Control: No
  • Total Actual Rent: 151752.00
  • Total Expenses: 54919.00
  • Vacancy Allowance: 4552

Tax Info

  • New Taxes Expense: 19375.00
  • Tax Block: 64
  • Tax Census Tract: 58.00
  • Tax Lot: 2
  • TaxOtherAnnualAssessmentAmount: 2564.00

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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 Change Sq Ft Price
04/23/2025 04/23/25 Sold $1,555,000 -0.2% $197 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $1,558,000 0.0% $197 / Sq Ft
02/25/2025 02/25/25 Rented $1,250 0.0% --
02/13/2025 02/13/25 Price Changed $1,250 -7.4% $2 / Sq Ft
01/30/2025 01/30/25 For Rent $1,350 0.0% --
03/10/2023 03/10/23 Rented $1,350 0.0% --
10/11/2022 10/11/22 For Rent $1,350 -- --
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: TR25064405

California Regional Multiple Listing Service (CRMLS)