Comm Ri Multi-units 5+ For Sale
7,460 Sqft - 1166 Elgin St, SAN LORENZO, California 94580
Property Description
Fantastic opportunity to own a large 5 unit building featuring 5 large Townhome Style Units! All units are same floor plan or reversed and all feature 3 bedrooms and 2.5 bathrooms. Each unit is approximately 1,492 square feet. Tenants pay Water, Electric and Gas. Annual gross rents are currently $180,000 and could be much more with a rent increase, which is due. The rents were last raised in October of 2017. This building is only 12 years old and is exempt from the new statewide rent control law (AB 1482) until the year 2023. Possible Condo Conversion??? Please check with the appropriate government agencies.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40899413
Price : $2,795,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 7,460 Sqft
Year Built : 2008
Lot Area : 0.39 Sqft
Features
Heating System : Forced Air 1 Zone
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Alameda
City : SAN LORENZO
Zipcode : 94580
Street : Elgin St
Street Number : 1166
Floor Number : 0
Longitude : W123° 53' 17.8''
Latitude : N37° 41' 30.3''
MLS Addon
Office Name : RE/Max Accord
Building Type : 5 Or More Units
Area : San Lorenzo
Address : 1166 Elgin St
Cross Street : Los Reyes Ave.
Directions to Property : E 14th to Elgin
LA1User Code : 206518146
LA1Agent First Name : Bob
LA1Agent Last Name : Frey
Status Category : Sold
Tot # Parking Spaces : 18
Tot # of Units : 5
List $/SqFt : $375
Age : 13
Apx Lot Sq Ft : 17,040 Sqft
Type of Building : Apt Complex
Annual Taxes : $39,156
Total Deposits : $0
ALL UNITS HAVE : Dishwasher, Oven Range Free Standing, Disposal
EQUIPMENT ADDITIONAL : Garage Door Opener, Water Heater Gas
EXTERIOR : Stucco, Dual Pane Windows
FLOORING : Vinyl, Carpet
LOT DESCRIPTION : Regular
ON-SITE PARKING DESC : Attached Garage, Guest Parking
OPERATING EXPENSES : Electric, Insurance, Maintenance/repair, License/ads, Property Tax/assessments, Trash Removal
SEPARATE METERS : Electric, Gas, Water
TENANT PAYS : Electric, Gas, Water
WATER/SEWER : Water - Public, Sewer System - Public
ENERGY SAVING FEATURE : Other
LAUNDRY : Washer/dryer Hookups, Inside Unit
Census Tract : 4340.00
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $1,200
2nd Loan Balance : $192,000
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.97
FINANCIAL DATA SOURCE : Tax Return, Projected
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,795,000
Sold Price : $2,625,000
Previous Price : $2,795,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 192000
Annual Gross Sched Inc : 192000
Net Oper Income : 138792
Annual Mgmt Exp : 0
Annual License Exp : 240
Annual Util Exp : 6276
Other Ann Exp : 0
Tot Ann Oper Exp : 53208
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 6336
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 00397513
Gross Rent Multiplier : 14.56
ZIDX Only Street Name : Elgin St
Buyer Agent DRE Num. : 01363681
Co List Agent DRE Num. : 01324680
List Agent DRE Num. : 01324680
LA1Agent License ID : 01324680
LA1NRDS_ID : 206518146
SA1Agent First Name : James
SA1Agent Last Name : Esmeyer
SA1Agent License ID : 01363681
SA1User Code : 206519272
SA1NRDS_ID : 206519272
Annual Vacancy : 0
Gross Income : 192000
Listing Broker DRE Numbe : 01491373
Sale/Original $ : 94
Annual Exp Yr : 2019
Sale $/SqFt : 352
1st - Yrs Remaining : 0
Sale/Last List $ : 94
Interest Rate : 0
Board ID : BAY EAST
Assessors Parcel No : 80B-300-21
Showing : See conf remarks
SO1Office Abbreviation : SSSK01
SO1Office Name : Shamrock, REALTORS®
LO1Main Office ID : 2645
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 14288
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 2625000
Address Search Number : 1166
Listing Agent : 26509
Listing Office : 30777
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 29281
Buying Office 1 : 14288
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 22
Input Date : 16/03/2020 18:44:49
Update Date : 24/02/2021 23:15:32
PhotoTimestamp : 16/03/2020 18:45:01
First Photo Add Timestamp : 16/03/2020 18:44:52
List Date : 16/03/2020
Expire Date :
Pending Date : 17/08/2020
Closing Date : 24/02/2021
Status Date : 24/02/2021
Price Date : 24/02/2021
Off Market Date : 17/08/2020
Status : Sold
Dual Variable : No
Point of Sale Ordinance : No
Ocpnt Req 24 Hr : Yes
Off Market Status Date : 02/02/2021
LVT Date : 16/03/2020
DOMLS : 0
Cumulative DOMLS : 112
Unit # 1 # of Bathrooms: 2.5
Unit # 1 # of Bedrooms: 3
Unit # 1 Air Cond.: No
Unit # 1 Approx. SqFt: 1492
Unit # 1 Dining Room: Yes
Unit # 1 Fireplace: Yes
Unit # 1 Parking Spaces: 2
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit # 1 Rent: 3000
Unit 1 # Units This Type?: 5
