NOT LISTED FOR SALE
1 Bed
1 Bath
5,008 Sq Ft
1960 Built

Last Sold January 25, 2018

Last sale price $1,495,000 $299 Per Sq Ft

14 Days on Market

About This Home

As of January 2018

• 4.6% CAP Rate on Current Rents with Major Upside in Rents
• Garages
• Priced at $185,625/Unit
• Excellent Rental Location Near Schools and Major Employment
• Motivated Seller

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 10/05/2017

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,215 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,008 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Assessor Parcel Number 25015109

Community Details

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,003
  • Maintenance Expense $7,143
  • Other Expense $500
  • Trash Expense $2,707
  • Water Sewer Expense $2,707
  • New Taxes Expense $18,230
  • Operating Expense $33,889
  • Gross Income $105,192
  • Net Operating Income $68,147

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

9,215 Sq Ft Lot

Parking

8

Listing Details

  • CapRate: 4.60
  • Property Attached: Yes
  • Water Sewer Expenses: 2707.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 25015109
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 298.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2707.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9215.00

Multi Family

  • Gross Income: 105192.00
  • Gross Multiplier: 14.12
  • Gross Operating Income: 102036.00
  • Gross Scheduled Income: 105192.00
  • Insurance Expense: 2003.00
  • Maintenance Expense: 7143.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 68147.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 33889.00
  • Operating Expense Percent: 32.20
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Expenses: 33889.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18230.00
  • Tax Census Tract: 871.06
  • Tax Lot: 000
  • Tax Tract Number: 0000
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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 Prior Sale
01/25/2018 01/25/18 Sold $1,495,000 +0.7% $299 / Sq Ft
10/05/2017 10/05/17 For Sale $1,485,000 +59.7% $297 / Sq Ft
03/29/2013 03/29/13 Sold $930,000 -2.1% $186 / Sq Ft View Prior Sale
01/02/2013 01/02/13 Pending -- -- --
11/26/2012 11/26/12 For Sale $950,000 0.0% $190 / Sq Ft
09/01/2012 09/01/12 Rented $895 0.0% --
09/01/2012 09/01/12 Under Contract -- -- --
06/13/2012 06/13/12 For Rent $895 -- --
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 $20,460 $1,701,051 $1,137,828 $563,223
2024 $20,460 $1,667,698 $1,115,518 $552,180
2023 $20,020 $1,634,999 $1,093,646 $541,353
2022 $19,755 $1,602,941 $1,072,202 $530,739
2021 $19,781 $1,571,511 $1,051,178 $520,333
2020 $19,695 $1,555,398 $1,040,400 $514,998
2019 $19,127 $1,524,900 $1,020,000 $504,900
2018 $13,244 $1,006,501 $649,357 $357,144
2017 $12,750 $986,766 $636,624 $350,142
2016 $12,705 $967,418 $624,141 $343,277
2015 $12,586 $952,887 $614,766 $338,121
2014 $11,852 $934,222 $602,724 $331,498
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17229120

California Regional Multiple Listing Service (CRMLS)
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