NOT LISTED FOR SALE

Estimated Value: $668,521 - $860,000

8 Beds
4 Baths
3,560 Sq Ft
$212/Sq Ft Est. Value

Sale Details

Date Sold: November 19, 2021

Last sale price $640,000 $180 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,657 / mo

116 Days on Market

About This Home

As of November 2021

Investor's favorite! Great 4-unit income property located in central Sacramento! Close to Land Park, downtown business offices, shopping center, Freeway access, light rail, Sacramento City College and Sacramento State University. All units are rented out. Tenants love to stay and sign new leases with the new owner. There are 2 garages with 2 parking space in each garage. Free street parking around the property. Average Utilities for the owner part, water, sewer, electricity and gas bill over a year is $604/month for 4 units. Home insurance annual premium is $1818 ($151/month).

Last Agent to Sell the Property

Susan Cheng

Susan Cheng Real Estate License #01880687 Listed on: 05/30/2021

Last Buyer's Agent

James Todd

JOLIE DE GALICIA

Property Details

Home Type

  • Apartment

Year Built

  • 1965

Lot Details

  • 6,098

Parking

  • 4

Property Details

Home Type

Apartment

Year Built

1965

Lot Details

6,098 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Condominiums
  • Property Sub Type: Quadruplex
  • Directions: 24th st to Nedra ct
  • Building Stories: 2
  • Special Features: None
  • Stories: 2
  • Year Built: 1965

Interior Features

  • Price Per Square Foot: 177.19
  • Flooring: Carpet, Laminate, Vinyl
  • Number Of Buildings: 1
  • Stories: 2

Exterior Features

  • Foundation Details: Concrete, Slab
  • Construction Type: Stucco, Wood
  • Disclosures: Seller Property Questionnaire, Seller Subject to TDS
  • Lot Features: Shape Regular

Garage/Parking

  • Parking Features: Garage
  • Garage Spaces: 4
  • Total Parking Spaces: 4

Utilities

  • Cooling: Separate, Central
  • Heating: Central, Separate
  • Laundry Features: In Common Area, Washer/Dryer Hookups
  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, City
  • Water Source: Meter on Site, Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Sacramento Unified

Lot Info

  • Lot Size Sq Ft: 6098
  • Zoning Description: r-3

Rental Info

  • Total # Leasable: 4
  • Tenant Pays: Electricity, Gas

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 4
  • Two Bedroom Rent Range: $900-$1000
  • Annual Gross Income: 4400
  • Income Includes: Rent Only
  • Insurance Expense: 151
  • Number Of Units Leased: 4
  • Number of Month to Month Units: 4
  • Number Of Units Total: 4
  • Number Of Units Furnished: None

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2023
Sold by
Obasogie Iiobekemen and Obasogie Osariemen
Bought by
Obasogie Iiobekemen
Current Estimated Value
$707,490

Purchase Details

Listed on
May 30, 2021
Closed on
Nov 18, 2021
Sold by
Wu Yue and Chen Fangfei
Bought by
Obasogie Ilobekemen and Obasogie Osariemen
Seller's Agent
Susan Cheng
Susan Cheng Real Estate
Buyer's Agent
James Todd
JOLIE DE GALICIA
List Price
$675,000
Sold Price
$640,000
Premium/Discount to List
-$35,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%
Original Mortgage
$621,972
Interest Rate
2.99%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 18, 2010
Sold by
Silver Lake Securities Inc
Bought by
Wu Yue and Chen Fangfei

Purchase Details

Closed on
Aug 3, 2010
Sold by
Vega Ricardo J and Vega Norma A
Bought by
Silver Lake Securities Inc

Purchase Details

Closed on
Sep 20, 2001
Sold by
Zuasola Roger V and Zuasola Lulu A
Bought by
Vega Ricardo J and Vega Norma A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Obasogie Iiobekemen -- None Listed On Document
Obasogie Ilobekemen $640,000 First American Title Company
Obasogie Ilobekemen $640,000 First American Title Company
Wu Yue $173,000 Fidelity National Title Co
Silver Lake Securities Inc $125,900 None Available
Vega Ricardo J -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Obasogie Ilobekemen $621,972
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2021 11/19/21 Sold $640,000 -5.2% $180 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
05/30/2021 05/30/21 For Sale $675,000 -- $190 / 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 $10,512 $679,172 $159,181 $519,991
2024 $10,512 $665,856 $156,060 $509,796
2023 $8,224 $652,800 $153,000 $499,800
2022 $8,061 $640,000 $150,000 $490,000
2021 $2,951 $204,757 $29,587 $175,170
2020 $2,953 $202,658 $29,284 $173,374
2019 $2,894 $198,685 $28,710 $169,975
2018 $2,819 $194,791 $28,148 $166,643
2017 $2,768 $190,973 $27,597 $163,376
2016 $2,619 $187,229 $27,056 $160,173
2015 $2,567 $184,418 $26,650 $157,768
2014 $2,520 $180,806 $26,128 $154,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221059699

MetroList

APN: 048-0231-021

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