NOT LISTED FOR SALE
7 Beds
6 Baths
38,099 Sq Ft
2.45 Acre Lot

Sale Details

Date Sold: January 20, 2014

Last sale price $3,600,000 $94 Per Sq Ft

About This Home

As of January 2014

PRICE REDUCED. ALL OFFERS WELCOMED. SELLER WANTS TO MOVE THIS ASSET.

PLEASE DO NOT DISTURB TENANTS OR MANAGER, DRIVE BY ONLY.
THANK YOU

2009 Construction
Central Air and Heat
Gated Access
Single Story Duplex Style Construction With Garages
Large 2.45 Acre Lot
Good Offering Cap Rate


Single story duplex style units. La Bella Vita Apartment complex possesses an attractive unit mix of 37 two-bedroom units, and 1 three-bedroom unit. The property was newly built in 2009 offering prospective buyers as well as tenants a higher quality of construction with upgrades. The properties age also affords tenants a very clean living environment, with an amenity package that includes a clubhouse, a swimming pool , and on site laundry. The community is gated with controlled access for added security.

Last Agent to Sell the Property

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 01/21/2014

Last Buyer's Agent

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 01/21/2014

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2009

Lot Details

  • 2.45 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 38 Car Garage

Home Design

  • 38,099 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot A
  • Tax Tract Number 1120
  • Assessor Parcel Number 0410242670000

Community Details

Overview

  • 22 Buildings
  • 38 Units

Building Details

  • 38 Separate Electric Meters
  • 38 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $10,000
  • Insurance Expense $9,500
  • Maintenance Expense $21,800
  • Professional Management Expense $14,000
  • Trash Expense $2,000
  • Water Sewer Expense $5,000
  • New Taxes Expense $48,000
  • Gross Income $33,400
  • Net Operating Income $224,920

Property Details

Home Type

Multi-Family

Year Built

Built in 2009

Lot Details

2.45 Acres

Parking

38

Listing Details

  • Professional Management Expense: 14000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 0410242670000
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 94.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 38.00
  • Total Parking Spaces: 76.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 106722.00
  • Lot Size Acres: 2.4500

Multi Family

  • Electric Expense: 10000.00
  • Gross Income: 33400.00
  • Gross Scheduled Income: 400800.00
  • Insurance Expense: 9500.00
  • Lot Size Area: 106722.0000 Square Feet
  • Maintenance Expense: 21800.00
  • Net Operating Income: 224920.00
  • Number Of Separate Electric Meters: 38
  • Number Of Separate Gas Meters: 38
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 38
  • Operating Expense: 138300.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 48000.00
  • Tax Lot: A
  • Tax Tract Number: 01120
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2014
Closed on
Dec 12, 2013
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$4,000,000
Sold Price
$3,600,000
Premium/Discount to List
-$400,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Outstanding Balance
$1,818,000
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Outstanding Balance
$1,818,000
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 19, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,600,000 Ticor Title
-- Accommodation
$1,500,000 Fidelity Natl Title Ins Co
$600,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,520,000
Previous Owner $93,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/20/2014 01/20/14 Sold $3,600,000 -10.0% $94 / Sq Ft
07/22/2013 07/22/13 For Sale $4,000,000 -- $105 / Sq Ft
01/15/2013 01/15/13 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $48,324 $4,501,373 $268,833 $4,232,540
2025 $48,324 $4,413,111 $263,562 $4,149,549
2024 $47,215 $4,326,579 $258,394 $4,068,185
2023 $46,700 $4,241,744 $253,327 $3,988,417
2022 $45,613 $4,158,573 $248,360 $3,910,213
2021 $44,780 $4,077,032 $243,490 $3,833,542
2020 $44,246 $4,035,227 $240,993 $3,794,234
2019 $43,323 $3,956,105 $236,268 $3,719,837
2018 $42,485 $3,878,534 $231,635 $3,646,899
2017 $41,729 $3,802,484 $227,093 $3,575,391
2016 $40,833 $3,727,925 $222,640 $3,505,285
2015 $40,313 $3,671,928 $219,296 $3,452,632
2014 $39,769 $4,219,068 $321,453 $3,897,615
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13145631

California Regional Multiple Listing Service (CRMLS)
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