NOT LISTED FOR SALE
-- Bed
-- Bath
9,632 Sq Ft
0.36 Acres

Last Sold December 15, 2012

Last sale price $1,400,000 $145 Per Sq Ft

49 Days on Market

Highlights

  • 0.36 Acre Lot
  • Cul-De-Sac
  • Heating System Uses Natural Gas
  • Granite Countertops

About This Home

As of December 2012

Situated on a 15,621 square foot lot, the property was built in 1963 and is comprised of sixteen (16) one bedroom and one bath units of approximately 600 square feet each for a total rentable square footage of 9,632. The entire building and individual units show very well. Exterior paint, stucco, roofing and decks are all in good condition. Stairs have concrete steps for low maintenance, handrails are in good condition. The interior of the units are nice, with many having granite counter tops in kitchen and ceramic tile in bathrooms and showers. Each unit is separately metered for gas & electricity with hot water provided by a master hot water tank. The building offers a large laundry room with two washer and two dryers. Parking is provided by 16 carports in a gated/secure area.

Last Agent to Sell the Property

Henry Camacho

Rockpointe Investment Group License #01072434 Listed on: 08/21/2012

Last Buyer's Agent

Ed Elhaderi

Keller Williams Los Angeles License #00842023

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.36 Acre Lot
  • Cul-De-Sac

Home Design

  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 9,632 Sq Ft Home
  • Window Screens
  • Leased Washer and Dryer

Kitchen

  • Granite Countertops
  • Ceramic Countertops

Parking

  • 16 Parking Spaces
  • 16 Carport Spaces

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 141
  • Tax Tract Number 993
  • Assessor Parcel Number 4071015009

Community Details

Overview

  • 16 Units

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Gardener Expense $1,440
  • Insurance Expense $3,900
  • Professional Management Expense $7,980
  • Trash Expense $1,850
  • Water Sewer Expense $6,000
  • New Taxes Expense $18,000
  • Gross Income $13,290
  • Net Operating Income $104,991

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.00
  • Professional Management Expense: 7980.00
  • View: No
  • Water Sewer Expenses: 6000.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 4071015009
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Granite Counters
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 145.35
  • Window Features: Screens

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 16.00
  • Parking: No
  • Parking Features: Carport
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas
  • Trash Expense: 1850.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 15620.00
  • Lot Size Acres: 0.3590

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 602
  • Electric Expense: 1440.00
  • Gross Income: 13290.00
  • Gross Multiplier: 9.23
  • Gross Scheduled Income: 162480.00
  • Gross Spendable Income: 44836.00
  • Insurance Expense: 3900.00
  • Laundry Equipment Own Lease: Lease
  • Net Operating Income: 104991.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Number With Carpet: 16
  • Number With Disposal: 16
  • Number With Drapes: 16
  • Operating Expense: 51110.00
  • Operating Expense Percent: 33.00
  • Total Actual Rent: 159480.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Area: 5178
  • Tax Lot: 141
  • Tax Tract Number: 993

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 List to Sale Price per Sq Ft
12/15/2012 12/15/12 Sold $1,400,000 -6.7% $145 / Sq Ft
10/09/2012 10/09/12 Pending -- -- --
08/21/2012 08/21/12 For Sale $1,500,000 -- $156 / 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: P832608

California Regional Multiple Listing Service (CRMLS)