NOT LISTED FOR SALE
9 Beds
5 Baths
3,656 Sq Ft
7,418 Sq Ft Lot

Last Sold January 03, 2022

Last sale price $1,794,000 $491 Per Sq Ft

100 Days on Market

Highlights

  • 4 Car Detached Garage
  • Moreland Middle School Rated A-
  • Forced Air Heating System

About This Home

As of January 2022

NO LOCAL RENT CONTROL, UNIQUE INVESTMENT OPPORTUNITY IN HIGHLY DESIRABLE RENTAL MARKET. This centrally located, spacious, well maintained two story Fourplex was built in 1997, has strong long term tenants, an excellent unit mix of (1) 3 bedroom 2 bathroom unit and (3) 2 bedroom and 1 bathroom units, second floor units have private balconies, each unit has a designated garage space plus additional off street parking and conveniently located within close proximately to shopping, entertainment and easy access to major Highways.

Last Agent to Sell the Property

Joshua Michaelian

Joshua A. Michaelian, Broker License #01768226 Listed on: 08/20/2021

Co-Listed By

Vincent T. Luong

Joshua A. Michaelian, Broker License #01727713

Last Buyer's Agent

William Chen

Faithful License #01863645

Property Details

Home Type

  • Multi-Family

Year Built

  • 1996

Lot Details

  • 7,418

Parking

  • 4 Car Detached Garage
  • 2 Carport Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,656 Sq Ft Home
  • 2-Story Property

Additional Features

  • 7,418 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $90,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,089
  • Maintenance Expense $1,689
  • Other Expense $622
  • Utility Expense $1,038
  • Operating Expense $21,164
  • Gross Income $90,000

Property Details

Home Type

Multi-Family

Year Built

1996

Lot Details

7,418 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3656
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1996

Interior Features

  • Living Sq Ft: 3656
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Covered Parking, Detached Garage, Parking Area
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1703
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7418.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7418.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.11
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2089
  • Expense Maintenance: 1689
  • Expenses Other: 622
  • Expenses Total: 21164
  • Expenses Utility: 1038
  • Income Annual Gross: 90000.00
  • Income Annual Rental: 90000
  • Income Gross Scheduled: 90000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
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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
01/03/2022 01/03/22 Sold $1,794,000 -5.6% $491 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $1,900,000 -- $520 / Sq Ft
Source: MLSListings

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 $27,935 $1,903,805 $1,422,018 $481,787
2024 $27,935 $1,866,477 $1,394,136 $472,341
2023 $27,411 $1,829,880 $1,366,800 $463,080
2022 $16,689 $973,085 $474,378 $498,707
2021 $16,241 $954,006 $465,077 $488,929
2020 $15,726 $944,225 $460,309 $483,916
2019 $15,102 $925,712 $451,284 $474,428
2018 $14,709 $907,562 $442,436 $465,126
2017 $14,501 $889,767 $433,761 $456,006
2016 $13,769 $872,321 $425,256 $447,065
2015 $13,642 $859,219 $418,869 $440,350
2014 $11,717 $842,389 $410,664 $431,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81859351

MLSListings

APN: 299-32-052

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