NOT LISTED FOR SALE
4 Beds
3 Baths
3,062 Sq Ft
0.27 Acres

Last Sold April 01, 2021

Last sale price $1,025,000 $335 Per Sq Ft

15 Days on Market

Highlights

  • City Lights View
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Donald S. Jordan Intermediate School Rated A
  • Living Room
  • Tile Flooring

About This Home

As of April 2021

Great investment Opportunity! A Single Family Residences with detached duplex on a very large lot, over 11,000 square feet! This property is great for a seasoned investor or a first-time investor who would like to live in one home and have the other 2 homes help pay the mortgage. All 3 units have been remodeled and feature laminate and tile floors, updated kitchens including dishwashers and tiled bathrooms. The front house is a 2 bedroom 1 bathroom home featuring the most recent updates, newer carpet and washer and dryer hook ups. The other 2 units in the back of the lot feature 2 bedrooms and 2 bathrooms and boast over 1,000 square feet of living space. Long time owner with long term tenants. Each home has separate Electric meters. All three units have their own garage space. There is ample parking available for tenants. Current rents are well under market. Tremendous opportunity.

Last Agent to Sell the Property

Geoffrey Tackney

GMT Real Estate License #01373608 Listed on: 03/03/2021

Last Buyer's Agent

Tino Pham

GMT Real Estate License #02044608

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Front Yard

Parking

  • 4 Car Garage
  • 6 Open Parking Spaces
  • Parking Available

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,062 Sq Ft Home
  • 1-Story Property
  • Living Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Phone Available

Listing and Financial Details

  • Tax Lot 1234
  • Tax Tract Number 1234
  • Assessor Parcel Number 09906508

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $250
  • Water Sewer Expense $1,800
  • New Taxes Expense $11,850
  • Operating Expense $5,300
  • Gross Income $48,360
  • Net Operating Income $43,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 09906508
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 334.75
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 11761.00
  • Lot Size Acres: 0.2700

Multi Family

  • Average2 Bed Area: 1020 Square Feet
  • Gross Income: 48360.00
  • Gross Multiplier: 19.60
  • Gross Scheduled Income: 48360.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 11761.0000 Square Feet
  • Net Operating Income: 43060.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 5300.00
  • Rent Control: No
  • Total Expenses: 5300.00

Tax Info

  • New Taxes Expense: 11850.00
  • Tax Area: 18043
  • Tax Census Tract: 887.02
  • Tax Lot: 1234
  • Tax Tract Number: 1234

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
04/01/2021 04/01/21 Sold $1,025,000 0.0% $335 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
03/08/2021 03/08/21 Off Market $1,025,000 -- --
03/03/2021 03/03/21 For Sale $948,000 -- $310 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21043718

California Regional Multiple Listing Service (CRMLS)

APN: 099-065-08