NOT LISTED FOR SALE

Estimated Value: $1,462,000 - $1,503,523

22 Beds
12 Baths
7,812 Sq Ft
$190/Sq Ft Est. Value

Last Sold December 23, 2022

Last sale price $1,350,000 $173 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,313/month

42 Days on Market

Highlights

  • Gated Parking
  • 0.32 Acre Lot
  • Corner Lot

About This Home

As of December 2022

The subject property consists of two triplexes containing 7,812 square feet. They are situated on a large lot with a square footage of 13,773. The lot is zoned LARD1.5, which allows for additional units. The apartments are large with each averaging approximately 1,300 square feet. Buyer to use professionals to conduct their own independent investigation regarding condition, square footage, usage, income, possible development, all other aspects of the property and rely on that investigation to make a decision on the suitability of the property. Information is deemed reliable, but Seller and Listing Brokers make no warranties or guarantees on any of the information contained in this listing. Please do not walk on property or disturb tenants. Make all offers subject to inspection.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 10/11/2022

Co-Listed By

Ricardo Curtis

Jacob, Christopher & Lee Rlty License #01464851

Last Buyer's Agent

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 10/11/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 110x126
  • Corner Lot

Interior Spaces

  • 7,812 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 12 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Gated Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5037-013-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0.32 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 7812
  • Lot Acreage: 0.3162
  • Lot Dimensions: 110x126
  • Probate: No
  • Stories: 2
  • Year Built: 1974
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 22
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 256.02

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 95.46
  • Assessed Improvement Value: 378769
  • Assessed Land Percent: 4.54
  • Assessed Land Value: 18014
  • Total Assessed Value: 396783
  • Assessor Parcel Number: 5037-013-029
  • Lot Location: Corner Lot
  • Lot Size Area: 13773

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 18.07
  • Number Of Units: 6
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
Dec 15, 2022
Sold by
Normandie Community Worship Center
Bought by
Blackgem Properties Llc and Usc Capital Llc
Seller's Agent
Jerome McAlpin
McAlpin & Company
Buyer's Agent
Jerome McAlpin
McAlpin & Company
List Price
$2,000,000
Sold Price
$1,350,000
Premium/Discount to List
-$650,000
-32.5%
Views
13
Current Estimated Value
$1,482,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,762
Avg. Annual Appreciation
2.93%
Original Mortgage
$1,000,000
Outstanding Balance
$965,744
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$517,018
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Blackgem Properties Llc $1,350,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blackgem Properties Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2022 12/23/22 Sold $1,350,000 -32.5% $173 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $2,000,000 0.0% $256 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
10/11/2022 10/11/22 For Sale $2,000,000 -- $256 / Sq Ft
Source: The MLS

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 $18,161 $1,404,540 $936,360 $468,180
2024 $18,161 $1,377,000 $918,000 $459,000
2023 $17,836 $1,350,000 $900,000 $450,000
2022 $6,354 $404,718 $18,374 $386,344
2021 $6,237 $396,783 $18,014 $378,769
2019 $6,088 $385,917 $17,481 $368,436
2018 $5,812 $378,369 $17,139 $361,230
2016 $5,459 $362,813 $16,474 $346,339
2015 $5,395 $357,364 $16,227 $341,137
2014 $5,455 $350,365 $15,910 $334,455
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 22-207811

The MLS

APN: 5037-013-029

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