NOT LISTED FOR SALE

1001 5th St Lincoln, CA 95648

5 Beds
4 Baths
4,761 Sq Ft
13,068 Sq Ft

Last Sold January 03, 2025

Last sale price $1,350,000 $284 Per Sq Ft

23 Days on Market

Highlights

  • 0.3 Acre Lot
  • No HOA
  • Vinyl Flooring
  • Corner Lot
  • Laundry Facilities
  • 1-Story Property

About This Home

As of January 2025

1001 Fifth St is an 8 unit apartment building consisting of (6) 1 Bedroom 1 bathroom units, (1) 2 bedroom 1 Bathroom unit, and (1) Studio. The property is situated on a 13,068 sf lot with single level units. There is an onsite laundry room for the convenience of tenants. The building provides a rare opportunity to own in the highly desirable suburb of Lincoln.

Last Agent to Sell the Property

Tim Swanston

North Coast Commercial, Inc. License #01887506 Listed on: 10/30/2024

North Coast Commercial, Inc.

Last Buyer's Agent

Kulbindar J Singh

Real Estate Source Inc License #01726649

Real Estate Source Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.3 Acre Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Garden Apartment
  • Concrete Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,761 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for rent only, sewer, water
  • Assessor Parcel Number 008-103-001-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 1 Vacant Unit
  • Net Lease
  • Insurance Expense $8,000
  • Maintenance Expense $3,500
  • Professional Management Expense $6,896
  • Net Operating Income $87,246

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments, Garden Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1947
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Vinyl, Varies by Unit
  • Price Per Square Foot: 283.55
  • Square Footage: 4761.00

Exterior Features

  • Construction Materials: Concrete, Stucco, Wood
  • Disclosures/Documents: None
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1450000.00
  • Lot Features: Corner
  • New Construction: No
  • Pool: No
  • Roof: Shingle, Composition
  • Spa: No

Garage/Parking

  • Parking Features: Street

Utilities

  • Security: Carbon Mon Detector, Smoke Detector, Varies By Unit
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: In Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Western Placer

Lot Info

  • Zoning: Apartmnent house
  • Irrigation: None
  • Lot Size Acres: 0.3000
  • Lot Size Sq Ft: 13068.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Rent Only, Sewer, Water, Other
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Insurance Expense: 8000
  • Maintenance Expense: 3500
  • Number of Leased Units: 8
  • Number of Units: 8
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 008-103-001-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Placer
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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
01/03/2025 01/03/25 Sold $1,350,000 -6.9% $284 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $1,450,000 -- $305 / Sq Ft
Source: MetroList

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 $4,141 $396,275 $97,968 $298,307
2023 $4,141 $380,889 $94,165 $286,724
2022 $4,024 $373,421 $92,319 $281,102
2021 $3,945 $366,100 $90,509 $275,591
2020 $3,905 $362,347 $89,581 $272,766
2019 $3,808 $355,243 $87,825 $267,418
2018 $3,714 $348,278 $86,103 $262,175
2017 $3,592 $341,450 $84,415 $257,035
2016 $3,506 $334,756 $82,760 $251,996
2015 $3,429 $329,728 $81,517 $248,211
2014 $3,341 $323,270 $79,921 $243,349
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224121122

MetroList
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