NOT LISTED FOR SALE
1 Bed
1 Bath
5,008 Sq Ft
9,215 Sq Ft Lot

Sale Details

Date 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

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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

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

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

Closed on
Feb 12, 2025
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
$1,275,000
Outstanding Balance
$1,257,392
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2017
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
$1,100,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 26, 2012
Closed on
Mar 27, 2013
Sold by
Bought by
Seller's Agent
Albert Ricci
Ricci Realty
Buyer's Agent
Ruben Khorsandi
Alliance Investment RE Group
List Price
$950,000
Sold Price
$930,000
Premium/Discount to List
-$20,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
3.49%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 22, 2008
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
$303,800
Interest Rate
6.51%
Mortgage Type
Commercial
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
$2,300,000 Ticor Title
$1,495,000 Ticor Title Co Of California
$930,000 Lawyers Title Company
$1,038,000 Chicago Title Company
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 $1,275,000
Previous Owner $1,200,000
Previous Owner $1,100,000
Previous Owner $575,000
Previous Owner $303,800
Previous Owner $525,000
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 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

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 $21,532 $2,346,000 $2,128,722 $217,278
2025 $21,532 $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

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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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