NOT LISTED FOR SALE
11 Beds
9 Baths
5,368 Sq Ft
1981 Built

Last Sold September 14, 2018

Last sale price $1,250,000 $233 Per Sq Ft

4 Days on Market

Highlights

  • Gated Parking
  • No HOA
  • Laundry Room
  • Gated Community
  • Living Room
  • 6 Car Garage

About This Home

As of September 2018

Great property to own the apartment building with 4 rental units of 2 bedrooms and owner unit of 3 bedrooms which can be converted to a 2-story townhouse style high-grade rental unit with 1,850 SF and beautiful gardens in front of the house.
Each rental unit’s square footages are about 800-900 SF with 1 car garage plus 1 car parking space within the gated complex. New owner may choose owner lives at the owner unit with 4 rental units as present owner does or convert to all rental apartment with 4 normal apartment style units and 1 townhouse style great unit. Coin laundry is located downstairs and the present owner unit has washer and dryer in the laundry area and refrigerator in the kitchen. Property is to be sold AS-IS as condition. All information provided is deemed reliable, but is not guaranteed and should be independently verified.

Last Agent to Sell the Property

Goro Miura

GNT Realty License #01415376 Listed on: 06/23/2018

Last Buyer's Agent

Bill Ruane

Estate Properties License #00972400

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,655

Year Built

  • Built in 1981

Lot Details

  • 9,119 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Density is 2-5 Units/Acre
  • 734-A4

Parking

  • 6 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Gated Parking
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor
  • Fire Rated Drywall
  • Common Roof

Interior Spaces

  • 5,368 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Carpet

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, telephone
  • Legal Lot and Block 35 / B
  • Tax Tract Number 6144
  • Assessor Parcel Number 6114016024

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Electric Expense $396
  • Fuel Expense $150
  • Gardener Expense $1,200
  • Insurance Expense $4,000
  • Other Expense $2,266
  • Professional Management Expense $3,204
  • Trash Expense $2,614
  • Water Sewer Expense $2,124
  • New Taxes Expense $11,655
  • Operating Expense $27,640
  • Gross Income $53,400
  • Net Operating Income $25,156

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,655

Year Built

Built in 1981

Lot Details

9,119 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 2.15
  • Inclusions: Washer, dryer and refrigerator of onwer's unit
  • Improvements Percent: 48.50
  • Professional Management Expense: 3204.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated Community
  • Subdivision Name Other: Normandie/Marine/Budlong Ave
  • Water Sewer Expenses: 2124.40
  • Zoning: GAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6114016024
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 232.86
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Common Roof
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Gated
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2613.70
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Additional Parcels Description: 734-A4
  • Land Lease: No
  • Land Value Percent: 51.50
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 9119
  • Lot Size Sq Ft: 9119.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 850
  • Average3 Bed Area: 1850 Square Feet
  • Electric Expense: 395.92
  • Fuel Expense: 150.48
  • Gross Income: 53400.00
  • Gross Multiplier: 22.47
  • Gross Operating Income: 53400.00
  • Gross Scheduled Income: 53400.00
  • Gross Spendable Income: 25156.00
  • Insurance Expense: 4000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Net Operating Income: 25156.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 5
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 28274.00
  • Other Expense: 2265.70
  • Other Expense Description: Repair
  • Rent Control: No
  • Total Expenses: 27640.10

Tax Info

  • New Taxes Expense: 11655.00
  • Tax Area: 0-576
  • Tax Block: B
  • Tax Lot: 35
  • Tax Rate: 11655.00
  • Tax Tract: 6030.01
  • Tax Tract Number: 6144
  • Tax Annual Amount: 11655.00
  • Tax Year: 2017
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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
09/14/2018 09/14/18 Sold $1,250,000 +4.2% $233 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/23/2018 06/23/18 For Sale $1,200,000 -- $224 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,867 $1,394,394 $669,309 $725,085
2024 $17,867 $1,367,054 $656,186 $710,868
2023 $17,556 $1,340,250 $643,320 $696,930
2022 $16,714 $1,313,971 $630,706 $683,265
2021 $16,534 $1,288,208 $618,340 $669,868
2019 $16,027 $1,250,000 $600,000 $650,000
2018 $11,937 $899,599 $463,267 $436,332
2017 $11,655 $881,961 $454,184 $427,777
2016 $11,349 $864,669 $445,279 $419,390
2015 $11,168 $851,682 $438,591 $413,091
2014 $11,176 $835,000 $430,000 $405,000
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18092634

California Regional Multiple Listing Service (CRMLS)
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