NOT LISTED FOR SALE

Estimated Value: $934,000 - $1,113,316

5 Beds
4 Baths
2,737 Sq Ft
$374/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $1,050,000 $384 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,426/month

154 Days on Market

Highlights

  • City Lights View
  • Victorian Architecture
  • High Ceiling
  • Cope Middle School Rated A-
  • Bonus Room
  • Granite Countertops

About This Home

As of September 2022

Amazing early 1900s Victorian opportunity with many value adds! Investors and entrepreneurs seeking a high ROI with sustained year over year growth, look no further. This unique lot houses two fully remodeled units in the main home and an updated rear home with a private driveway off an adjacent street. The remodeled downstairs 2bd/2ba includes a den that could be used as a third bedroom and a basement for additional storage. The upstairs 2bd/1ba was completely rebuilt down to the framing to include a spacious layout and has two separate patios with storage. There is soundproof insulation and reinforcement to add privacy between the units in the main home - a rare find in multifamily homes. The updated rear 1bd/1ba home has the potential to either expand or add additional units due to the spacious lot size and dual street access. This one of a kind triplex is located 0.3 miles from the heart of downtown with many city improvements planned to bring sustained growth and rental demand to the downtown community.

Last Agent to Sell the Property

BETHANY SLOAN

Alta Realty Group License #02050595 Listed on: 03/01/2022

Alta Realty Group

Last Buyer's Agent

Cheryl Lacy

LACY REALTY License #01079086

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.27 Acre Lot
  • Property fronts a private road
  • 1 Common Wall
  • Redwood Fence
  • Density is 2-5 Units/Acre

Property Views

  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • Triplex
  • Victorian Architecture
  • Split Level Home
  • Raised Foundation

Interior Spaces

  • 2,737 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Brick Wall or Ceiling
  • High Ceiling
  • Recessed Lighting
  • ENERGY STAR Qualified Windows
  • Blinds
  • Window Screens
  • Living Room
  • Bonus Room
  • Storage
  • Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / B
  • Assessor Parcel Number 0171332260000
  • $4,554 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $2,002
  • Pest Control $420
  • Trash Expense $1,044
  • Water Sewer Expense $1,596
  • Operating Expense $7,462
  • Gross Income $74,520
  • Net Operating Income $67,058

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street, Private Road
  • View: Yes
  • Water Sewer Expenses: 1596.00
  • Architectural Style: Victorian
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 0171332260000
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Brick Walls, Built-in Features, Crown Molding, Granite Counters, High Ceilings, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Levels: Two, Multi/Split
  • Price Per Square Foot: 383.63
  • Room Type: Basement, Bonus Room, Kitchen, Laundry, Living Room, Walk-In Closet
  • Window Features: Blinds, ENERGY STAR Qualified Windows, Screens

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting
  • View: City Lights, Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Redwood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range
  • Heating Type: Central, Electric, Natural Gas
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Closet, Inside, Washer Included
  • Pest Control Expense: 420.00
  • Sewer: Public Sewer
  • Trash Expense: 1044.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 11920.00
  • Lot Size Acres: 0.2736

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 74520.00
  • Gross Operating Income: 74520.00
  • Gross Scheduled Income: 74520.00
  • Insurance Expense: 2002.00
  • Lot Size Area: 11920.0000 Square Feet
  • Net Operating Income: 67058.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 1
  • Operating Expense: 7462.00
  • Rent Control: No
  • Total Actual Rent: 5710.00
  • Total Expenses: 7462.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 82.00
  • Tax Lot: 12
  • Tax Tract Number: 000...
  • TaxOtherAnnualAssessmentAmount: 4554.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2022
Sold by
Kaplowitz Howard and Kaplowitz Barbara Bechet
Bought by
Kaplowitz Family Trust
Current Estimated Value
$1,024,329

Purchase Details

Listed on
Mar 1, 2022
Closed on
Aug 10, 2022
Sold by
Bethany Sloan
Bought by
Koplowitz Howard and Koplowitz Barbara Bechet
Seller's Agent
BETHANY SLOAN
Alta Realty Group
Buyer's Agent
Cheryl Lacy
LACY REALTY
List Price
$1,650,000
Sold Price
$1,050,000
Premium/Discount to List
-$600,000
-36.36%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.75%
Original Mortgage
$787,500
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2013
Sold by
Cleaver Redlands Llc
Bought by
Sloan Bethany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,330
Interest Rate
4.37%
Mortgage Type
FHA
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
Kaplowitz Family Trust -- --
Koplowitz Howard $1,050,000 First American Title
Sloan Bethany $313,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koplowitz Howard $787,500
Previous Owner Sloan Bethany $307,330
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2022 09/09/22 Sold $1,050,000 0.0% $384 / Sq Ft
07/27/2022 07/27/22 Off Market $1,050,000 -- --
06/23/2022 06/23/22 Price Changed $1,095,000 -8.4% $400 / Sq Ft
04/21/2022 04/21/22 Price Changed $1,195,000 -11.5% $437 / Sq Ft
04/15/2022 04/15/22 Price Changed $1,350,000 -18.2% $493 / Sq Ft
03/01/2022 03/01/22 For Sale $1,650,000 +400.0% $603 / Sq Ft
10/19/2013 10/19/13 Sold $330,000 -5.7% -- View Prior Sale
08/02/2013 08/02/13 Pending -- -- --
11/05/2012 11/05/12 For Sale $350,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,706 $1,092,420 $218,484 $873,936
2024 $12,706 $1,071,000 $214,200 $856,800
2023 $12,691 $1,050,000 $210,000 $840,000
2022 $4,474 $361,565 $86,637 $274,928
2021 $4,554 $354,475 $84,938 $269,537
2020 $4,488 $350,840 $84,067 $266,773
2019 $4,364 $343,961 $82,419 $261,542
2018 $4,172 $337,217 $80,803 $256,414
2017 $4,136 $330,605 $79,219 $251,386
2016 $4,088 $324,123 $77,666 $246,457
2015 $4,058 $319,254 $76,499 $242,755
2014 $3,984 $313,000 $75,000 $238,000
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV22031313

California Regional Multiple Listing Service (CRMLS)

APN: 0171-332-26