NOT LISTED FOR SALE
3 Beds
2 Baths
4,604 Sq Ft
0.35 Acres

Last Sold April 05, 2024

Last sale price $780,000 $169 Per Sq Ft

29 Days on Market

Highlights

  • New Construction
  • Automatic Gate
  • Granite Countertops
  • Solar Power System
  • Property is near public transit
  • No HOA

About This Home

As of April 2024

This will be the crown jewel in any investors portfolio....OR....maybe it's perfect for a buyer looking to start investing - they can live in one and rent out the other 3. No matter what, this is a BRAND NEW 4 unit property. These units are more like homes than apartments. All 4 units are 3 BR + 2 BA, 1,151 sq. ft., granite/stainless steel kitchens and beautiful finishes throughout. Each unit has solar (included in the sales price) and there is off-street gated parking. These homes will attract high quality tenants and give you peace of mind knowing these are brand new. You can give your maintenance dept time off!!! This is a property ready to provide cash flow!!!! This property was listed during the permit/building phases. Completion was first week of January 2024.

Last Agent to Sell the Property

Alejandro Mora

The Mora Partners Inc. Brokerage Phone: 661-463-8186 License #01820381 Listed on: 01/28/2024

Last Buyer's Agent

Robert Duke

Merit Capital Group Inc License #02074631

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Wood Fence
  • Brick Fence
  • Electric Fence
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,604 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Driveway
  • Automatic Gate
  • Off-Street Parking
  • Controlled Entrance

Accessible Home Design

  • Doors swing in
  • Accessible Parking

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • Solar Power System
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 27 / B
  • Assessor Parcel Number 11426028008
  • $18 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,500
  • Operating Expense $3,500
  • Gross Income $86,400
  • Net Operating Income $66,400

Property Details

Home Type

Multi-Family

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: R-2
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 11426028008
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Accessibility Features: Doors - Swing In, Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 169.42
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Brick, Electric, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Controlled Entrance, Asphalt, Gated, Off Street
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Tankless Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Level, Near Public Transit, Paved
  • Lot Size Sq Ft: 15202.00
  • Lot Size Acres: 0.3490

Multi Family

  • Average3 Bed Area: 1151 Square Feet
  • Gross Income: 86400.00
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 15202.0000 Square Feet
  • Net Operating Income: 66400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 3500.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 4.00
  • Tax Lot: 27
  • TaxOtherAnnualAssessmentAmount: 18.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
04/05/2024 04/05/24 Sold $780,000 0.0% $169 / Sq Ft
04/05/2024 04/05/24 Sold $780,000 -13.3% -- View Prior Sale
04/02/2024 04/02/24 Price Changed $899,900 0.0% $195 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/26/2024 02/26/24 Pending -- -- --
02/10/2024 02/10/24 Price Changed $899,900 0.0% --
02/08/2024 02/08/24 Price Changed $899,900 -5.3% $195 / Sq Ft
01/28/2024 01/28/24 For Sale $949,900 0.0% $206 / Sq Ft
01/02/2024 01/02/24 For Sale $949,900 +21.8% --
01/01/2024 01/01/24 Off Market $780,000 -- --
12/22/2023 12/22/23 Price Changed $949,900 -1.6% --
11/29/2023 11/29/23 Price Changed $964,900 0.0% --
10/12/2023 10/12/23 For Sale $965,000 0.0% --
10/02/2023 10/02/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $965,000 +1204.1% --
03/01/2023 03/01/23 Sold $74,000 -1.3% -- View Prior Sale
01/30/2023 01/30/23 Pending -- -- --
10/11/2022 10/11/22 For Sale $75,000 +21.0% --
11/30/2021 11/30/21 Sold $62,000 -10.8% -- View Prior Sale
10/31/2021 10/31/21 Pending -- -- --
09/19/2021 09/19/21 For Sale $69,500 -- --
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
2021 $594 $47,000 $47,000 --
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24017245

California Regional Multiple Listing Service (CRMLS)

APN: 114-260-28-00-8