NOT LISTED FOR SALE
10 Beds
8 Baths
4,204 Sq Ft
0.25 Acres

Last Sold January 24, 2014

Last sale price $350,000 $83 Per Sq Ft

32 Days on Market

About This Home

As of January 2014

Very well taken care of 4 unit income property. Gross Monthly Income of $3,120.
Units have never had trouble attracting tenants. All 4 units are rented. Great investment opportunity!

Last Agent to Sell the Property

Jacob Morgner

Tinetti Realty Group License #01882378 Listed on: 09/26/2013

Last Buyer's Agent

Garry Hamud

Modern Age Realty Group License #00829885

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Level Lot

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • 4,204 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 004120026

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $480
  • Insurance Expense $1,800
  • Other Expense $3,900
  • Professional Management Expense $1,440
  • Supplies Expense $700
  • Trash Expense $2,000
  • Water Sewer Expense $1,406
  • New Taxes Expense $3,500
  • Gross Income $3,120
  • Net Operating Income $18,022

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$325 per month

Parking

4

Listing Details

  • CapRate: 5.10
  • Professional Management Expense: 1440.00
  • Property Attached: No
  • Supplies Expense: 700.00
  • Water Sewer Expenses: 1406.00
  • Property Type: Residential Income
  • Parcel Number: 004120026
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 83.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 325.00
  • Association Fee Frequency: Monthly
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 11009.00
  • Lot Size Acres: 0.2530

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 3120.00
  • Gross Scheduled Income: 37440.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 11009.0000 Square Feet
  • Net Operating Income: 18022.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18565.00
  • Other Expense: 3900.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 3120.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
01/24/2014 01/24/14 Sold $350,000 0.0% $83 / Sq Ft
10/28/2013 10/28/13 Pending -- -- --
09/26/2013 09/26/13 For Sale $350,000 -- $83 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,945 $429,042 $122,581 $306,461
2023 $4,945 $412,383 $117,822 $294,561
2022 $4,619 $404,298 $115,512 $288,786
2021 $4,532 $396,372 $113,248 $283,124
2020 $4,616 $392,308 $112,087 $280,221
2019 $4,581 $384,617 $109,890 $274,727
2018 $4,223 $377,077 $107,736 $269,341
2017 $4,173 $369,684 $105,624 $264,060
2016 $4,068 $362,436 $103,553 $258,883
2015 $4,055 $356,993 $101,998 $254,995
2014 $3,372 $311,669 $70,564 $241,105
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC13196216

California Regional Multiple Listing Service (CRMLS)

APN: 004-120-026