NOT LISTED FOR SALE
9 Beds
9 Baths
4,803 Sq Ft
7,963 Sq Ft Lot

Last Sold July 13, 2022

Last sale price $2,500,000 $521 Per Sq Ft

11 Days on Market

Highlights

  • Granite Countertops
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Latimer Elementary School Rated A-
  • Tile Flooring
  • Washer and Dryer

About This Home

As of July 2022

Exceptionally well maintained fourplex in an deal location. Close to shopping, restaurants and freeway access. Front unit was extensively updated in 2014. It is a large two story 3 bedroom/ 2.5 bath with attached 2 car garage, washer/dryer and private patio. Back units have had different degrees of updating but all in good condition. All back units are two story 2 bedroom/.1.5 baths with private patios. 1/2 bath downstairs in all units. Back units have shared laundry room, outdoor storage closets and one assigned parking space. Flooring In all units: upstairs and bedrooms are carpet, living rooms are LVT, Bathrooms are tile. Dual paned windows. Unit A and D have long term tenants, Unit B has new tenants moving in the month, Unit C vacating at end of June. More photos and floorplan to follow soon.

Last Agent to Sell the Property

Diane Thomas

Outlook Realty Group, Inc. License #01206817 Listed on: 06/09/2022

Last Buyer's Agent

Joe Hernandez

Coldwell Banker Realty License #01450675

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 7,963 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,803 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $139,800
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,680
  • Insurance Expense $1,942
  • Maintenance Expense $1,000
  • Manager Expense $7,200
  • Other Expense $1,140
  • Utility Expense $3,756
  • Trash Expense $3,576
  • Operating Expense $31,455
  • Gross Income $139,800

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4803
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Electric, Countertop - Granite, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Ice Maker, Microwave, Oven - Electric, Refrigerator
  • Living Sq Ft: 4803
  • Stories: 2
  • Laundry: Washer / Dryer, Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Carport, Uncovered Parking
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1828
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7962.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7962.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Less Than 1 Yr, Month To Month, Security Deposit
  • Gross Rent Multiplier: 17.35
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1942
  • Expense Landscape: 1680
  • Expense Maintenance: 1000
  • Expense Management: 7200
  • Expenses Other: 1140
  • Expenses Total: 31455
  • Expenses Utility: 3756
  • Expense Trash: 3576
  • Income Annual Gross: 139800.00
  • Income Annual Rental: 139800
  • Income Gross Scheduled: 139800
  • Income Includes: Rents
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance - Exterminator, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

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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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
07/13/2022 07/13/22 Sold $2,500,000 +3.1% $521 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $2,425,000 -- $505 / Sq Ft
Source: MLSListings

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 $34,278 $2,601,000 $1,950,750 $650,250
2024 $34,278 $2,550,000 $1,912,500 $637,500
2023 $33,982 $2,500,000 $1,875,000 $625,000
2022 $11,451 $694,404 $216,427 $477,977
2021 $11,161 $680,789 $212,184 $468,605
2020 $10,847 $673,810 $210,009 $463,801
2019 $10,382 $660,599 $205,892 $454,707
2018 $10,035 $647,647 $201,855 $445,792
2017 $9,822 $634,949 $197,898 $437,051
2016 $9,243 $622,500 $194,018 $428,482
2015 $9,070 $613,150 $191,104 $422,046
2014 $8,774 $601,140 $187,361 $413,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81895134

MLSListings

APN: 307-50-005