NOT LISTED FOR SALE
2 Beds
1 Bath
25,772 Sq Ft
1.72 Acres

Last Sold October 23, 2017

Last sale price $1,700,000 $66 Per Sq Ft

Highlights

  • Private Pool
  • Tile Flooring
  • Coin Laundry
  • 1.72 Acre Lot
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of October 2017

Westridge Apartments are 100% occupied! There are twenty seven 2 bed/1 bath units with private patios. All units are single story. There are covered carports and additional parking spaces plus a coin operated laundry room. Close to all conveniences, transportation, schools, shopping and freeways.

Last Agent to Sell the Property

Larry Mueller

RE/MAX Gold Redwood Shores. License #00341576 Listed on: 06/30/2017

Last Buyer's Agent

Khoa Le

Akimax Lending License #01432477

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 1.72 Acre Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 25,772 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 10 Parking Spaces
  • 18 Carport Spaces

Pool

  • Private Pool

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $228,576

Community Details

Building Details

  • 27 Leased Units
  • Gardener Expense $3,091
  • Insurance Expense $9,000
  • Maintenance Expense $21,919
  • Manager Expense $13,774
  • Other Expense $5,465
  • Utility Expense $16,425
  • Trash Expense $8,213
  • Operating Expense $97,437
  • Gross Income $212,277

Additional Features

  • 25,772 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Multiple Dwellings / Structures
  • Style: Ranch
  • Age: 47
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 25772
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Interior Features

  • Living Sq Ft: 25772
  • Stories: 1
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Composition
  • Pool: Pool - Fenced, Pool - In Ground
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 10
  • Garage Parking Features: Carport, Covered Parking, Parking Area
  • Carport Min: 18

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Central Unified
  • Elementary School: John Steinbeck Elementary
  • Middle School: Rio Vista Middle
  • High School: Central High East Campus
  • High School: 25884
  • Elementary School: 25896
  • Middle School: 25899

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 1.7200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 74923.20
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 74923.20

Rental Info

  • Existing Lease Term(s): Lease(s), Less Than 1 Yr, Month To Month, Security Deposit
  • Gross Rent Multiplier: 7.37
  • Number Of Leased: 27

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 9000
  • Expense Landscape: 3091
  • Expense Maintenance: 21919
  • Expense Management: 13774
  • Expenses Other: 5465
  • Expenses Total: 97437
  • Expenses Utility: 16425
  • Expense Trash: 8213
  • Income Annual Gross: 212277.00
  • Income Annual Rental: 228576
  • Income Gross Scheduled: 230736
  • Income Includes: Laundry, Rents
  • Income Other: 2160
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Contract Services, Fee - License/Advertising, Fee - Professional Services, Fee - Property Management, Insurance, Maintenance, Maintenance - Pool/Spa, Services - Gardener, Services - On-Site Manager, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 8

Range of Values:

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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 Change Sq Ft Price
10/23/2017 10/23/17 Sold $1,700,000 0.0% $66 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $1,700,000 -- $66 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81668162

MLSListings