NOT LISTED FOR SALE
16 Beds
10 Baths
7,008 Sq Ft
1962 Built

Sale Details

Date Sold: April 16, 2018

Last sale price $535,000 $76 Per Sq Ft

17 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Baseboard Heating

About This Home

As of April 2018

Great investment opportunity, CAP rate exceed 7%, low rent, has great potential of increasing CAP rate and cash flow. Never been on market,and long term tenants. Text/call LA for more info. Write offer subject to interior inspection. The 3 bedrooms unit has an additional of approx. 700 SF in basement. assigned carport and 4X7 outside Storage.

Last Agent to Sell the Property

Tim Wei

Windermere Community Realty License #930400088 Listed on: 02/26/2018

Last Buyer's Agent

Mark Hodgins

E.L. Edwards Realty ll, Inc License #200303023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,301

Year Built

  • Built in 1962

Parking

  • 8 Car Garage
  • Assigned Parking

Interior Spaces

  • 7,008 Sq Ft Home
  • Storage

Lot Details

  • Corner Lot

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 5989300

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $14,565
  • Gross Income $60,000
  • Net Operating Income $43,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,301

Year Built

Built in 1962

Parking

8

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1962
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 535000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Disclosures: Exempt
  • Roof: Other

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Garage Spaces: 8.0
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Lot Info

  • Zoning: R-6
  • Parcel #: 5989300

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 9.17
  • Annual Gross Income: 60000.0
  • Property Net Operating Income: 43000.0
  • Annual Operating Expense: 14565.0

Tax Info

  • Tax Annual Amount: 4301.0
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Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2018 04/16/18 Sold $535,000 -2.7% $76 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $550,000 -- $78 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $5,270 $356,080 -- --
2024 $5,320 $345,710 -- --
2023 $5,163 $335,650 $0 $0
2022 $5,108 $325,880 $0 $0
2021 $5,233 $316,390 $0 $0
2020 $4,901 $316,390 $0 $0
2019 $4,688 $298,240 $0 $0
2018 $4,308 $274,770 $0 $0
2017 $4,307 $274,770 $0 $0
2016 $3,837 $245,330 $0 $0
2015 $4,173 $272,590 $0 $0
2014 $4,173 $262,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18429955

Regional Multiple Listing Service (RMLS)
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