NOT LISTED FOR SALE
2 Beds
1 Bath
5,721 Sq Ft
5,849 Sq Ft Lot

Last Sold May 04, 2015

Last sale price $665,000 $116 Per Sq Ft

77 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room
  • Corner Lot

About This Home

As of May 2015

Fully leased investment with upside! Great opportunity to own an apartment building. This property has 5 units and is located on a corner lot. Four units are 2 story, 2 bedroom and 1.5 bath each;One unit has 1 bedroom and 1 bath. The lot features 6 parking spaces for the tenants with access from alley. Located next to Tam's Burgers, Auto Shop, and Carolyn's Kitchen. Close to Freeway.

Last Agent to Sell the Property

Vanessa Romero

eXp Realty of Southern California Inc License #01346708 Listed on: 12/08/2014

eXp Realty of Southern California Inc

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 5,849 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • No Common Walls
  • No Units Located Below
  • Corner Lot

Parking

  • 4 Parking Spaces

Home Design

  • 5,721 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 6631
  • Assessor Parcel Number 6042022012

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Gardener Expense $1,440
  • Insurance Expense $2,438
  • Maintenance Expense $7,000
  • Trash Expense $1,020
  • Water Sewer Expense $3,480
  • New Taxes Expense $6,562
  • Gross Income $5,300
  • Net Operating Income $41,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 3480.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 6042022012
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls, No One Above, No One Below
  • Price Per Square Foot: 116.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: In Garage
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5849.00
  • Lot Size Acres: 0.1340

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 5300.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 2438.00
  • Lot Size Area: 5849.0000 Square Feet
  • Maintenance Expense: 7000.00
  • Net Operating Income: 41240.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 22360.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 6562.00
  • Tax Lot: 12
  • Tax Tract Number: 6631
  • Tax Year: 2013

Range of Values:

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Value 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
05/04/2015 05/04/15 Sold $665,000 -11.3% $116 / Sq Ft
02/23/2015 02/23/15 Pending -- -- --
12/08/2014 12/08/14 For Sale $750,000 -- $131 / 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 $11,445 $799,221 $264,403 $534,818
2024 $11,445 $783,551 $259,219 $524,332
2023 $11,246 $768,188 $254,137 $514,051
2022 $10,787 $753,126 $249,154 $503,972
2021 $10,631 $738,360 $244,269 $494,091
2019 $10,350 $716,462 $237,025 $479,437
2018 $10,196 $702,415 $232,378 $470,037
2016 $9,665 $675,141 $223,355 $451,786
2015 $6,551 $415,611 $61,377 $354,234
2014 -- $407,471 $60,175 $347,296
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14256230

California Regional Multiple Listing Service (CRMLS)