NOT LISTED FOR SALE

Estimated Value: $1,339,816 - $2,226,000

6 Beds
3 Baths
3,299 Sq Ft
$526/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $1,310,000 $397 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $11,003/month

72 Days on Market

About This Home

As of December 2017

863-865 N Alexandria Ave consists of three (3) units and four (4) parking spaces with two garages forstorage. With original French windows, wood floors, and tiling throughout this property has vintagecharm with modern comfort to appeal to renters. The plumbing has been replaced with copper and thesewage line has been re-piped. All three units are two-stories, and the two front units have balconiesoverlooking a secluded garden area. The sleepy street provides a lovely view overlooking charminghomes and out to the mountains. This building demands high rents for the area due to the appealinglayout of the units and quality renovation which provides modern cleanliness and amenities whileretaining the building's vintage touches. The property gets good rents but still has approximately 30%upside, making it a market 5.6 cap.

Last Agent to Sell the Property

Ryan Cinelli

BRC Advisors License #01340935 Listed on: 08/30/2017

Last Buyer's Agent

Ryan Cinelli

BRC Advisors License #01340935 Listed on: 08/30/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,975

Year Built

  • Built in 1931

Lot Details

  • 5,129

Parking

  • 4 Parking Spaces

Interior Spaces

  • 3,299 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 5,129 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5538-006-030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,975

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3299
  • Stories: 2
  • Year Built: 1931
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 397.09

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 249582
  • Assessed Land Value: 270381
  • Assessor Parcel Number: 5538-006-030
  • Geocode Override: No
  • Lot Size Area: 5129

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.80
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 25074
  • Type Of Units: Townhouse
  • Vacancy Rate: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2017
Closed on
Dec 22, 2017
Sold by
Chinn
Bought by
Dorit
Seller's Agent
Ryan Cinelli
BRC Advisors
Buyer's Agent
Ryan Cinelli
BRC Advisors
List Price
$1,310,000
Sold Price
$1,310,000
Current Estimated Value
$1,735,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,954
Avg. Annual Appreciation
1.80%
Interest Rate
3.94%

Purchase Details

Closed on
Oct 2, 2002
Sold by
Brownstone Aaron
Bought by
Chinn Aklia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
7.5%

Purchase Details

Closed on
Oct 25, 1993
Sold by
Brownstone Aaron
Bought by
Brownstone Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.95%
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Dorit -- --
Chinn Aklia $425,000 Southland Title Corporation
Brownstone Aaron -- Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dorit --
Previous Owner Chinn Aklia $704,000
Previous Owner Chinn Aklia $76,000
Previous Owner Chinn Aklia $560,000
Previous Owner Chinn Aklia $450,000
Previous Owner Chinn Aklia $382,500
Previous Owner Brownstone Aaron $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2017 12/22/17 Sold $1,310,000 0.0% $397 / Sq Ft
11/10/2017 11/10/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $1,310,000 -- $397 / Sq Ft
Source: The MLS

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 $17,975 $1,490,550 $1,043,386 $447,164
2024 $17,975 $1,461,325 $1,022,928 $438,397
2023 $17,627 $1,432,672 $1,002,871 $429,801
2022 $16,806 $1,404,581 $983,207 $421,374
2021 $16,594 $1,377,041 $963,929 $413,112
2020 $16,762 $1,362,923 $954,046 $408,877
2019 $16,096 $1,336,200 $935,340 $400,860
2018 $15,982 $1,310,000 $917,000 $393,000
2016 $6,375 $519,963 $270,381 $249,582
2015 $6,283 $512,154 $266,320 $245,834
2014 $6,318 $502,123 $261,104 $241,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-266380

The MLS

APN: 5538-006-030