NOT LISTED FOR SALE

1101 Park St Turlock, CA 95380

8 Beds
4 Baths
3,364 Sq Ft
1.22 Acres Lot

Sale Details

Date Sold: May 29, 2013

Last sale price $1,800,000 $535 Per Sq Ft

42 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Central Heating and Cooling System
  • John H. Pitman High School Rated A-

About This Home

As of May 2013

36 units 2br/1bth. Incredible Investment Opportunity about 200% below replacement cost and grossing about $290,000 pro forma- close to 9% capitalization rate. Property consists of 36 units 2br/1bth units built in 1987. Property situated in one of the lowest vacancy areas in Stanislaus county Turlock close to California State University Stanislaus and major shopping amenities. Updated amenities and a patio/balcony. Laundry facility is provided by owner. New roof in 2002.

Last Agent to Sell the Property

Shahriar Monfared

Delta Equity Advisors License #01727372 Listed on: 04/02/2013

Last Buyer's Agent

Troy Ulrich

Ulrich Real Estate License #01817899

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 1.22

Parking

  • Open Parking

Home Design

  • Contemporary Architecture
  • Composition Roof

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • 2-Story Property
  • 1.22 Acre Lot

Listing and Financial Details

  • Security Deposit $23,625
  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 061-002-068-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 36 Units

Building Details

  • 35 Leased Units
  • 35 Vacant Units
  • 35 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

1.22 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1987
  • Architectural Style: Contemporary
  • Levels: MultiSplit
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Range,Dishwasher,Disposal,Free Standing Electric Oven,Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Listing Price: 2290000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Open

Utilities

  • Utilities: Cable Available
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Manager's Office,Patios/Balcony,Public Trans Nearby,Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: R3
  • Lot Size Acres: 1.2200
  • Lot Dimensions: 53143.2 SQFT
  • Lot Size Sq Ft: 53143

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total Deposit: 23625
  • Total # Leasable: 35

Multi Family

  • Income Includes: Coin Operated Equipment,Laundry,Rent Only
  • Number of Leased Units: 35
  • Number of Month to Month Units: 35
  • Number of Units: 36
  • Number of Vacant Units: 35
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 061-002-068-000

MLS Schools

  • School District (County): Stanislaus
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Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2013 05/29/13 Sold $1,800,000 -25.3% $535 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $2,410,000 -- $716 / 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 $39,017 $3,640,741 $211,633 $3,429,108
2024 $38,325 $3,572,584 $207,484 $3,365,100
2023 $38,242 $3,500,416 $203,416 $3,297,000
2022 $37,766 $3,432,311 $199,428 $3,232,883
2021 $37,212 $3,365,541 $195,518 $3,170,023
2020 $36,988 $3,334,010 $193,514 $3,140,496
2019 $36,344 $3,266,520 $189,720 $3,076,800
2018 $22,068 $1,945,847 $173,160 $1,772,687
2017 $21,559 $1,908,223 $169,765 $1,738,458
2016 $20,135 $1,871,337 $166,437 $1,704,900
2015 $19,982 $1,843,634 $163,937 $1,679,697
2014 $19,792 $1,808,049 $160,726 $1,647,323
Source: Public Records

Agents Affiliated with this Home

  • Shahriar Monfared

    Seller's Agent in 2013

    Shahriar Monfared

    Delta Equity Advisors

    (916) 267-3861

    1 Total Sale

    Shahriar Monfared
    Section Image
  • Troy Ulrich

    Buyer's Agent in 2013

    Troy Ulrich

    Ulrich Real Estate

    (209) 427-1789

    76 Total Sales

    Troy Ulrich
    Section Image
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Map

Source: MetroList

MLS Number: 13017694

MetroList
California Stanislaus County Turlock 95380

1101 Park St, Turlock, CA

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