Description
*FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SUBSTANTIALLY BELOW MARKET. Value-add 5-unit apartment built 1955. Unit mix = (1) 2bed+2bath (roughly 800 SF), (2) 2bed+1bath (roughly 705 SF), (2) 1bed+1bath (roughly 550 SF). Current rents are low, roughly 45% upside. Units are dated, but well-maintained. New roof done 4 years ago. All new bathrooms in all units done in last 2-4 years. Has been owned long term in a family trust for almost 20 years. Larger lot with mature landscaping, trees, shade, and a grass lawn. (3) 1-car storage garages in the rear (allocated to 2-bedroom units), + additional common laundry/storage area with storage lockers and laundry hookups. Roughly 4-5 parking spaces in the rear, accessible via alley. 1 tenant has about 9-months remaining on current lease. All others are month-month. Located in quiet, residential area with easy access to 805 freeway. Information deemed reliable, but not guaranteed. All potential buyers must take appropriate measures to verify all information set forth herewith.
Details
| MLS# | PTP2000812 |
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| Listing Type | For Sale |
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| Sub-Type | Resale |
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| Status | Active |
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| Year | 1955 |
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| Days On Site | 98 |
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Features
| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Nov 2020 | Sales: 63 | Avg $ Per SqFt: $240.47 | Min Sale Price: $90,000 | Max Sale Price: $585,000 | Med Sale Price: $300,000 |
| Date: Oct 2020 | Sales: 4 | Avg $ Per SqFt: $418.04 | Min Sale Price: $480,000 | Max Sale Price: $683,500 | Med Sale Price: $487,500 |
| Date: Sep 2020 | Sales: 8 | Avg $ Per SqFt: $321 | Min Sale Price: $215,000 | Max Sale Price: $747,500 | Med Sale Price: $392,750 |
| Date: Aug 2020 | Sales: 10 | Avg $ Per SqFt: $304.29 | Min Sale Price: $1,900 | Max Sale Price: $735,000 | Med Sale Price: $462,500 |
| Date: Jul 2020 | Sales: 29 | Avg $ Per SqFt: $365.85 | Min Sale Price: $1,050 | Max Sale Price: $1,150,000 | Med Sale Price: $431,000 |
| Date: Jun 2020 | Sales: 27 | Avg $ Per SqFt: $304.12 | Min Sale Price: $1,400 | Max Sale Price: $685,000 | Med Sale Price: $447,000 |
| Date: May 2020 | Sales: 29 | Avg $ Per SqFt: $428.16 | Min Sale Price: $330,000 | Max Sale Price: $1,160,000 | Med Sale Price: $497,920 |
| Date: Apr 2020 | Sales: 35 | Avg $ Per SqFt: $306.98 | Min Sale Price: $2,200 | Max Sale Price: $780,000 | Med Sale Price: $426,000 |
| Date: Mar 2020 | Sales: 20 | Avg $ Per SqFt: $384.14 | Min Sale Price: $2,395 | Max Sale Price: $725,000 | Med Sale Price: $468,757 |
| Date: Feb 2020 | Sales: 29 | Avg $ Per SqFt: $387.15 | Min Sale Price: $1,700 | Max Sale Price: $1,059,000 | Med Sale Price: $448,000 |
| Date: Jan 2020 | Sales: 13 | Avg $ Per SqFt: $369.55 | Min Sale Price: $229,950 | Max Sale Price: $625,000 | Med Sale Price: $460,000 |
| Nov 2020 |
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| Sales: | 63 |
| Avg $ Per SqFt: | $240.47 |
| Min Sale Price: | $90,000 |
| Max Sale Price: | $585,000 |
| Med Sale Price: | $300,000 |
| Oct 2020 |
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| Sales: | 4 |
| Avg $ Per SqFt: | $418.04 |
| Min Sale Price: | $480,000 |
| Max Sale Price: | $683,500 |
| Med Sale Price: | $487,500 |
| Sep 2020 |
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| Sales: | 8 |
| Avg $ Per SqFt: | $321 |
| Min Sale Price: | $215,000 |
| Max Sale Price: | $747,500 |
| Med Sale Price: | $392,750 |
| Aug 2020 |
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| Sales: | 10 |
| Avg $ Per SqFt: | $304.29 |
| Min Sale Price: | $1,900 |
| Max Sale Price: | $735,000 |
| Med Sale Price: | $462,500 |
| Jul 2020 |
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| Sales: | 29 |
| Avg $ Per SqFt: | $365.85 |
| Min Sale Price: | $1,050 |
| Max Sale Price: | $1,150,000 |
| Med Sale Price: | $431,000 |
| Jun 2020 |
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| Sales: | 27 |
| Avg $ Per SqFt: | $304.12 |
| Min Sale Price: | $1,400 |
| Max Sale Price: | $685,000 |
| Med Sale Price: | $447,000 |
| May 2020 |
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| Sales: | 29 |
| Avg $ Per SqFt: | $428.16 |
| Min Sale Price: | $330,000 |
| Max Sale Price: | $1,160,000 |
| Med Sale Price: | $497,920 |
| Apr 2020 |
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| Sales: | 35 |
| Avg $ Per SqFt: | $306.98 |
| Min Sale Price: | $2,200 |
| Max Sale Price: | $780,000 |
| Med Sale Price: | $426,000 |
| Mar 2020 |
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| Sales: | 20 |
| Avg $ Per SqFt: | $384.14 |
| Min Sale Price: | $2,395 |
| Max Sale Price: | $725,000 |
| Med Sale Price: | $468,757 |
| Feb 2020 |
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| Sales: | 29 |
| Avg $ Per SqFt: | $387.15 |
| Min Sale Price: | $1,700 |
| Max Sale Price: | $1,059,000 |
| Med Sale Price: | $448,000 |
| Jan 2020 |
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| Sales: | 13 |
| Avg $ Per SqFt: | $369.55 |
| Min Sale Price: | $229,950 |
| Max Sale Price: | $625,000 |
| Med Sale Price: | $460,000 |
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MLS Number: PTP2000812