2 ms·

What are the taxes per year?

• srockets 3y ago
  Because of the infamous prop 13, commercial real estate taxes in California are in practice capped at 1980s valuations.
  • toast0 3y ago
    A foreclosure auction is an ownership transfer that triggers a reappraisal. So this building will likely see a big jump (unless it had an uncapled appraisal recently). Most likely the appraised value will be more than the foreclosure sale price, as a foreclosure sale doesn't meet the free market value conditions. The sale was forced, and buyers don't have time to complete due dilligence between the announcement and the sale.
• inferiorhuman 3y ago
  Around 2% of the sale price in perpetuity.