NOT LISTED FOR SALE

8419 Birchbark Ave Pico Rivera, CA 90660

5 Beds
3 Baths
7,805 Sq Ft
10,824 Sq Ft Lot

Last Sold May 02, 2012

Last sale price $1,075,000 $138 Per Sq Ft

168 Days on Market

Highlights

  • Contemporary Architecture
  • Carpet
  • Heating System Uses Natural Gas
  • Laundry Facilities

About This Home

As of May 2012

Hoag Property Management, Inc., is pleased to announce the sale of Birchbark Apartments, an 8-unit apartment complex in The City of Pico Rivera. The building consists of a unit mix of, (1)3BD/2BA & (7)2BD/1BA, and is indvidually metered for gas & electric. In addition, addional income is being derived from the laundry facility. The complex has assinged parking in the rear, and is centrally located near school, shops, and restaurants. The building has been well maintained, and is currently being professionally managed by HOAG.

Last Agent to Sell the Property

Jerry Reyes

Hoag Property Management License #01492747 Listed on: 09/15/2011

Last Buyer's Agent

Lucio Maldonado

24 Hour Real Estate License #01063484

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,824

Home Design

  • 7,805 Sq Ft Home
  • Contemporary Architecture
  • Flat Tile Roof
  • Stucco

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Wall Furnace

Additional Features

  • Formica Countertops
  • Leased Washer and Dryer
  • 10,824 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 6368016020

Community Details

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Insurance Expense $3,120
  • Professional Management Expense $6,600
  • Trash Expense $2,340
  • Water Sewer Expense $2,280
  • New Taxes Expense $10,394
  • Gross Income $8,185
  • Net Operating Income $71,446

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.50
  • Professional Management Expense: 6600.00
  • View: No
  • Water Sewer Expenses: 2280.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 6368016020
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Flooring: Laminate, Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 137.73

Exterior Features

  • Pool Private: No
  • Roof: Flat Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Radiant, Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Trash Expense: 2340.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 10824.00
  • Lot Size Acres: 0.2480

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 8185.00
  • Gross Multiplier: 11.12
  • Gross Scheduled Income: 98880.00
  • Insurance Expense: 3120.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 10824.0000 Square Feet
  • Net Operating Income: 71446.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 27434.00

Tax Info

  • New Taxes Expense: 10394.00
  • Tax Area: 7948
  • Tax Lot: 000
  • Tax Tract Number: 000
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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
05/02/2012 05/02/12 Sold $1,075,000 -2.3% $138 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
09/15/2011 09/15/11 For Sale $1,100,000 -- $141 / 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 $18,986 $1,350,251 $502,418 $847,833
2024 $18,986 $1,323,776 $492,567 $831,209
2023 $18,497 $1,297,820 $482,909 $814,911
2022 $17,719 $1,272,374 $473,441 $798,933
2021 $17,475 $1,247,426 $464,158 $783,268
2019 $17,430 $1,210,429 $450,392 $760,037
2018 $16,886 $1,186,696 $441,561 $745,135
2016 $15,195 $1,140,616 $424,415 $716,201
2015 $15,908 $1,123,483 $418,040 $705,443
2014 $14,794 $1,101,477 $409,852 $691,625
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1105718

California Regional Multiple Listing Service (CRMLS)