NOT LISTED FOR SALE

Estimated Value: $429,397 - $497,000

4 Beds
2 Baths
1,605 Sq Ft
$293/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $479,000 $298 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,649/month

13 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Tile Flooring
  • Fenced Yard
  • Double Pane Windows
  • Ceiling Fan

About This Home

As of June 2024

Excellent turn-key investment for any investor. Both sides have 2 bedrooms & 1 full bath with private backyard. Close to everything making this a desirable rental property; public transportation, schools, shopping, parks & freeway access. Front unit was updated recently with granite counters and has newer cabinets. Tile flooring for durability. Back tenant has been living in the property since 2009. Laminate flooring throughout. Both tenants would like to stay. Total monthly rent is $3,270 ($1795 & $1475) with a total annual income almost $40k. Priced to sell. Don't miss on this fantastic investment opportunity with more room for upside in the future!

Last Agent to Sell the Property

Rene Morales

GUIDE Real Estate License #00923039 Listed on: 05/08/2024

GUIDE Real Estate

Co-Listed By

Lucas Morales

GUIDE Real Estate License #02164783

Last Buyer's Agent

Nona Ayrapetyan

JohnHart Real Estate License #02185407

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,922

Year Built

  • Built in 1962

Lot Details

  • 7,227 Sq Ft Lot
  • Fenced Yard

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Off-Street Parking

Home Design

  • Duplex
  • Garden Apartment
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,605 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Separate Meters
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 077-0154-016-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,922

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Garden Apartments
  • Property Subtype 1: Duplex
  • Year Built: 1962
  • Architectural Style: Ranch
  • Levels: One
  • Stories: 1
  • Number of Two Bedroom Units: 2
  • ResoPropertyType: ResidentialIncome
  • Number Of2 Bedrooms Occupied: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven, Free Standing Gas Range, Microwave, Dishwasher, Disposal, Varies By Unit
  • Flooring: Carpet, Tile, Laminate, Varies by Unit
  • Price Per Square Foot: 298.44
  • Square Footage: 1605.00
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco, Frame
  • Exterior Features: Fenced Yard
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 499900.00
  • Lot Features: Shape Regular
  • New Construction: No
  • Pool: No
  • Roof: Shingle, Composition
  • Spa: No
  • Topography: LevelLevel

Garage/Parking

  • Open Parking Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking Features: Attached, Off Street, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, City
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning Description: RD-10
  • Irrigation: Public District
  • Lot Size Acres: 0.1659
  • Lot Size Sq Ft: 7227.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Deposit: 2795.00
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Two Bedroom Annual Occupancy: 100
  • Total Number Owner Occupied: 2

Tax Info

  • Assessor Parcel Number: 077-0154-016-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 13, 2024
Sold by
Banks Residential Real Estate Llc
Bought by
Paiman Arash
Seller's Agent
Rene Morales
GUIDE Real Estate
Buyer's Agent
Nona Ayrapetyan
JohnHart Real Estate
List Price
$499,900
Sold Price
$479,000
Premium/Discount to List
-$20,900
-4.18%
Views
33
Current Estimated Value
$469,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,401
Avg. Annual Appreciation
-1.52%
Original Mortgage
$431,100
Outstanding Balance
$425,806
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$43,793

Purchase Details

Closed on
Jun 20, 2017
Sold by
Banks Brian C and Banks Kristie A
Bought by
Banks Residential Real Estate Llc

Purchase Details

Closed on
Jul 31, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Banks Brian C and Banks Kristie A

Purchase Details

Closed on
May 1, 2009
Sold by
Flores Ramon R
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Oct 23, 2002
Sold by
Franklin Frederick R
Bought by
Flores Ramon R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.88%

Purchase Details

Closed on
Jun 14, 2001
Sold by
Rania Richard C and Rania Barbara J
Bought by
Franklin Frederick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Paiman Arash $479,000 Wfg National Title Insurance C
Banks Residential Real Estate Llc -- None Available
Banks Brian C $120,500 Orange Coast Title Lender Se
Hsbc Bank Usa National Association $125,000 Accommodation
Flores Ramon R $208,000 Stewart Title Of Sacramento
Franklin Frederick R $110,500 Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paiman Arash $431,100
Previous Owner Flores Ramon R $156,000
Previous Owner Franklin Frederick R $99,000
Closed Flores Ramon R $20,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $479,000 -4.2% $298 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $499,900 -- $311 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

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 $1,922 $488,580 $102,000 $386,580
2024 $1,922 $152,480 $45,552 $106,928
2023 $1,883 $149,491 $44,659 $104,832
2022 $1,858 $146,561 $43,784 $102,777
2021 $1,822 $143,688 $42,926 $100,762
2020 $1,809 $142,215 $42,486 $99,729
2019 $1,780 $139,427 $41,653 $97,774
2018 $1,734 $136,694 $40,837 $95,857
2017 $1,690 $134,015 $40,037 $93,978
2016 $1,632 $131,388 $39,252 $92,136
2015 $1,550 $129,416 $38,663 $90,753
2014 $1,649 $126,882 $37,906 $88,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224048236

MetroList

APN: 077-0154-016