$1,225,000
SOLD MAR 12, 2020

El Cerrito, CA 94530

5 Beds
4 Baths
2,900 Sq Ft
5,798 Sq Ft Lot

Recently Sold

$422 Per Sq Ft

23% Below List Price

62 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 1-Story Property
  • El Cerrito Senior High School Rated A-
  • Fenced Yard
  • Garage

About This Home

As of March 2020

1st time on the market in over 20 years! Don't miss out on this great opportunity to own a quality investment property! This 4 unit property has 1 2 bedroom unit and 3 1 bed 1 bath units with 2 units ready for new tenants. This property has a tenant courtyard and 4 single car garages. This property has a tremendous upside and with the right management will be a great property for any investors portfolio! Call now for more details!

Last Agent to Sell the Property

James Johnson

Johnson Realty Group License #01368706 Listed on: 12/21/2019

Last Buyer's Agent

KIRA HALPERN

WINKLER REAL ESTATE GROUP License #01886087

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,149

Year Built

  • Built in 1954

Lot Details

  • 5,798 Sq Ft Lot
  • Fenced Yard

Parking

  • Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 503-234-009-2

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $2,248
  • Maintenance Expense $1,800
  • Other Expense $500
  • Operating Expense $13,363

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,149

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1954
  • Architectural Style: Unknown
  • Levels: One
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Free Standing Oven/Range
  • Flooring: Tile, Wood, Linoleum/Vinyl
  • Basement: None
  • Price Per Square Foot: 416.81
  • Window Features: Dual Pane

Exterior Features

  • Construction Materials: Stucco, Wood
  • Exterior Features: Fenced Yard
  • Foundation: Other
  • Listing Price: 1600000.00
  • Lot Features: Curb(s), Shape Regular, Sidewalk, City
  • Roof: Composition

Garage/Parking

  • Parking Features: 4-7 Cars, Garage

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Available, Internet Available, PG&E
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Hookups, Other
  • Water Source: Public
  • Utilities Expenses: 4665

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Lot Info

  • Zoning Description: Multi family residential
  • Lot Size Acres: 0.1331
  • Lot Size Sq Ft: 5798.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 12000
  • Operating Expense: 13363
  • Insurance Expense: 2248
  • Maintenance Expense: 1800
  • Number of Units: 4

Tax Info

  • Assessor Parcel Number: 503-234-009-2
  • Current RE Taxes: 4149
  • Bonds/Assessments/Taxes Description: Transfer Tax City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2020
Sold by
Halpern Reece Raphael and Halpern Kira Albin
Bought by
Halpern Reece R and Halpern Kira A
Current Estimated Value
$1,384,028

Purchase Details

Listed on
Feb 4, 2020
Closed on
Mar 4, 2020
Sold by
Baker Colyne and Baker Velvette
Bought by
Halpern Reece Rephael and Halpern Kira Albin
Seller's Agent
James Johnson
Johnson Realty Group
Buyer's Agent
Kira Halpern
Winkler Real Estate Group
List Price
$1,600,000
Sold Price
$1,225,000
Premium/Discount to List
-$375,000
-23.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.26%
Original Mortgage
$918,750
Outstanding Balance
$817,174
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$566,854

Purchase Details

Closed on
Mar 1, 2019
Sold by
Langston Wayne Donna
Bought by
Baker Colyne and Baker Velvette

Purchase Details

Closed on
Jun 1, 1999
Sold by
Baker Donald L
Bought by
Baker Donald L and Baker Senecee J

Purchase Details

Closed on
Dec 20, 1995
Sold by
Baker Donald L
Bought by
Baker Donald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
7.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $1,225,000 Old Republic Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Gift Deed -- --
Interfamily Deed Transfer -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $918,750 New Conventional
Previous Owner $71,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $1,225,000 0.0% $422 / Sq Ft
03/12/2020 03/12/20 Sold $1,225,000 -23.4% $417 / Sq Ft
02/22/2020 02/22/20 Pending -- -- --
02/21/2020 02/21/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $1,600,000 0.0% $544 / Sq Ft
12/21/2019 12/21/19 For Sale $1,600,000 -- $552 / Sq Ft
Source: MetroList

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 $19,697 $1,339,712 $437,456 $902,256
2024 $19,361 $1,313,444 $428,879 $884,565
2023 $19,361 $1,287,691 $420,470 $867,221
2022 $19,128 $1,262,443 $412,226 $850,217
2021 $19,092 $1,237,691 $404,144 $833,547
2019 $4,150 $116,688 $48,259 $68,429
2018 $4,047 $114,401 $47,313 $67,088
2017 $4,015 $112,159 $46,386 $65,773
2016 $3,994 $109,961 $45,477 $64,484
2015 $3,995 $108,310 $44,794 $63,516
2014 $4,140 $106,189 $43,917 $62,272
Source: Public Records

Agents Affiliated with this Home

  • James Johnson

    Seller's Agent in 2020

    James Johnson

    Johnson Realty Group

    (510) 459-7404

    1 in this area

    17 Total Sales

    James Johnson
    Section Image
  • Kira Halpern

    Buyer's Agent in 2020

    Kira Halpern

    Winkler Real Estate Group

    (510) 375-0822

    7 in this area

    43 Total Sales

    Kira Halpern
    Section Image
See All Agents

Source: MetroList

MLS Number: 21930674

MetroList

APN: 503-234-009-2

California Contra Costa County El Cerrito

94530

This home and is currently priced at $1,225,000, approximately $422 per square foot. This property was built in 1954. This home is a home located in Contra Costa County with nearby schools including Fairmont Elementary School, Fred T. Korematsu Middle School, and El Cerrito Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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