NOT LISTED FOR SALE
4 Beds
5 Baths
2,350 Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: December 2, 2016

Last sale price $678,888 $289 Per Sq Ft

64 Days on Market

Highlights

  • Victorian Architecture
  • No HOA
  • 4-minute walk to Southside Park
  • William Land Elementary School Rated 9+
  • Washer and Dryer

About This Home

As of December 2016

1006 U St. is a 6 unit apartment building located inthe highly desirable rental market of midtown Sacramento. The property consists of (1) 2 Bedroom 2 Bathroom (3) 1 Bedroom 1 Bathroom (2) Studio units. The building comes equipped with on site laundry. Great property for a first time investor, room to raise rents and take advantage of historic low interest rates. The property is 100% occupied.

Last Agent to Sell the Property

Tim Swanston

North Coast Commercial, Inc. License #01887506 Listed on: 07/21/2016

North Coast Commercial, Inc.

Last Buyer's Agent

Darya Ghomeshi

Compass License #01935449

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Dishwasher
  • Washer and Dryer

Listing and Financial Details

  • Tenant pays for electricity gas rent only
  • Assessor Parcel Number 009-0134-004-0000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Units Leased Month-To-Month
  • Insurance Expense $3,641
  • Operating Expense $21,259

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1930
  • Architectural Style: Victorian
  • Levels: 0
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher
  • Flooring: Carpet,Laminate

Exterior Features

  • Construction Materials: Block,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 719000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Street

Utilities

  • Cooling: Central,Wall Unit(s),Varies by Unit
  • Heating: Central,Wall Furnace
  • Laundry Features: Washer/Dryer

Condo/Co-op/Association

  • Association Features: Other
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-1
  • Lot Size Acres: 0.0700
  • Lot Size Sq Ft: 3049

Rental Info

  • Tenant Pays: Electricity,Gas,Rent Only
  • Total # Leasable: 6

Multi Family

  • Operating Expense: 21259
  • Income Includes: Rent Only
  • Insurance Expense: 3641
  • Number of Leased Units: 6
  • Number of Month to Month Units: 6
  • Number of Units: 6
  • Units Furnished: None
  • Gross Income Multiplier: 14.100

Tax Info

  • Assessor Parcel Number: 009-0134-004-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2016
Closed on
Nov 30, 2016
Sold by
Bought by
Seller's Agent
Tim Swanston
North Coast Commercial, Inc.
Buyer's Agent
Darya Ghomeshi
Compass
List Price
$719,000
Sold Price
$678,888
Premium/Discount to List
-$40,112
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
0.0352%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,500
Interest Rate
0.0572%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
0.0581%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,000
Interest Rate
0.0617%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
0.0715%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$679,000 Chicago Title Company
$678,000 Placer Title Company
-- Placer Title Company
$620,000 Fidelity National Title Co
$253,500 Fidelity National Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $800,000
Closed $340,000
Previous Owner $508,500
Previous Owner $55,000
Previous Owner $411,000
Previous Owner $190,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/02/2016 12/02/16 Sold $678,888 -5.6% $289 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
07/21/2016 07/21/16 For Sale $719,000 -- $306 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,952 $787,902 $162,480 $625,422
2024 $9,814 $772,454 $159,295 $613,159
2023 $9,582 $757,309 $156,172 $601,137
2022 $9,417 $742,460 $153,110 $589,350
2021 $8,981 $727,903 $150,108 $577,795
2020 $9,041 $720,440 $148,569 $571,871
2019 $8,853 $706,314 $145,656 $560,658
2018 $8,623 $692,465 $142,800 $549,665
2017 $8,502 $678,888 $140,000 $538,888
2016 $7,207 $572,028 $101,372 $470,656
2015 $6,712 $529,656 $93,863 $435,793
2014 $5,877 $460,570 $81,620 $378,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16047223

MetroList
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