NOT LISTED FOR SALE
-- Bed
-- Bath
6,482 Sq Ft
7,492 Sq Ft

Last Sold October 16, 2012

Last sale price $586,000 $90 Per Sq Ft

88 Days on Market

Highlights

  • Contemporary Architecture
  • No Heating
  • 4-minute walk to 49th Street Park

About This Home

As of October 2012

THIS PROPERTY FEATURES AN OWNERS UNIT WITH 2 BEDROOMS AND 2.5 BATHS! PLUS, ITS A TWO STORY TOWNHOUSE STYLE! THIS UNIT COULD BE RENTED FOR $1,500.00 OR MORE! ALL UNITS HAVE A WINDOW A/C, PLUS A PARKING SPACE IN THE REAR. THERE IS A COMMUNITY LAUNDRY AREA WITH 2 WASHER AND 2 DRYERS! THE ADDITIONAL INCOME IS FROM $100.00 TO $300.00 PER MONTH! TENANTS PAY THEIR OWN ELECTRIC AND GAS(A PLUS)!

Last Agent to Sell the Property

Jesse Owens

Estate Properties License #01045242 Listed on: 05/05/2012

Last Buyer's Agent

Jesse Owens

Estate Properties License #01045242 Listed on: 05/05/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,500

Home Design

  • 6,482 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Parking

  • 7 Parking Spaces
  • Carport

Additional Features

  • 7,500 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 0.1 / G
  • Tax Tract Number 12
  • Assessor Parcel Number 5108020022

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Gardener Expense $300
  • Insurance Expense $4,200
  • Supplies Expense $2,000
  • Trash Expense $2,000
  • Water Sewer Expense $3,900
  • New Taxes Expense $7,500
  • Gross Income $4,900
  • Net Operating Income $51,147

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 8.52
  • Supplies Expense: 2000.00
  • View: No
  • Water Sewer Expenses: 3900.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 5108020022
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 90.40

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Carport
  • Total Parking Spaces: 7.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 2000.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 4900.00
  • Gross Multiplier: 7.81
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 4200.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 51147.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 22349.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Area: 7
  • Tax Block: G
  • Tax Lot: 0.1
  • Tax Tract Number: 12
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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
10/16/2012 10/16/12 Sold $586,000 -2.3% $90 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
05/05/2012 05/05/12 For Sale $600,000 -- $93 / 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 $11,570 $878,921 $373,446 $505,475
2024 $11,570 $861,688 $366,124 $495,564
2023 $11,365 $844,794 $358,946 $485,848
2022 $10,875 $828,230 $351,908 $476,322
2021 $10,715 $811,991 $345,008 $466,983
2019 $10,417 $787,909 $334,776 $453,133
2018 $10,256 $772,461 $328,212 $444,249
2016 $8,135 $609,576 $260,058 $349,518
2015 $8,027 $600,420 $256,152 $344,268
2014 $8,096 $588,660 $251,135 $337,525
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P821050

California Regional Multiple Listing Service (CRMLS)
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