NOT LISTED FOR SALE

1125 Lochbrae Rd Sacramento, CA 95815

Woodlake Neighborhood
4 Beds
4 Baths
2,400 Sq Ft
10,001 Sq Ft Lot

Last Sold September 11, 2020

Last sale price $1,396,000 $582 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 4-minute walk to Globe Avenue

About This Home

As of September 2020

Woodlake Oaks Apartments is a 12 unit, pride of ownership building, consisting of (12) 1bd/1ba units. The property has been under the current ownership for 18 years, and has been beautifully maintained and managed during that time. Recent improvements include a brand new roof, updated plumbing, new individual water meters, new exterior stucco, and all 12 interiors have been updated within the last five years. Woodlake Oaks Apartments is a tremendous add value opportunity without the need for any capital improvements. There is currently $2884 per month loss-to-lease, bringing strong day 1 upside to the new owners with more efficient management. Additionally, value can be added through the addition of a RUBS program at $40 per month per unit, and there are 12 storage units on site that could be rented out for an additional $35 per month. With improved efficiency, the onsite laundry income can be improved as well.

Last Agent to Sell the Property

Tim Swanston

North Coast Commercial, Inc. License #01887506 Listed on: 07/09/2020

North Coast Commercial, Inc.

Last Buyer's Agent

Salvador Puente

TSG Premier Realty License #02009304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 10,001

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Tile Flooring

Additional Features

  • 10,001 Sq Ft Lot
  • Sewer Not Available

Listing and Financial Details

  • Tenant pays for electricity gas sewer trash collection water
  • Assessor Parcel Number 275-0165-020-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 12 Units

Building Details

  • 12 Leased Units
  • 9 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1947
  • Accessibility Features: 0
  • Stories: 2
  • Number of One Bedroom Units: 12
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Gas Range,Free Standing Refrigerator,Microwave
  • Other Equipment: None
  • Flooring: Tile

Exterior Features

  • Construction Materials: Block,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 1549000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Sewer: None
  • Cooling: Varies by Unit
  • Heating: Varies by Unit
  • Water Source: Meter Available,Public

Condo/Co-op/Association

  • Association Features: Extra Storage,Patios/Balcony,Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-1 - SINGLE FAMILY RESIDENTIAL 6-8 UNIT
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10001

Rental Info

  • Tenant Pays: Electricity,Gas,Sewer,Trash Collection,Water
  • Total # Leasable: 12

Multi Family

  • Gross Income: 117450
  • Income Includes: Laundry,Rent Only
  • Number of Leased Units: 12
  • Number of Month to Month Units: 9
  • Number of Units: 12
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 275-0165-020-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

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

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $1,396,000 -9.9% $582 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $1,549,000 -- $645 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tim Swanston

    Seller's Agent in 2020

    Tim Swanston

    North Coast Commercial, Inc.

    (916) 414-8647

    65 Total Sales

    Tim Swanston
    Section Image

  • S

    Buyer's Agent in 2020

    Salvador Puente

    TSG Premier Realty

    (916) 547-6971

    29 Total Sales

    Salvador Puente
    Section Image
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Map

Source: MetroList

MLS Number: 20039470

MetroList
California Sacramento County Sacramento 95815 Woodlake

1125 Lochbrae Rd, Sacramento, CA

This home is located at 1125 Lochbrae Rd, Sacramento, CA 95815 since 09 July 2020. This property was built in 1947. 1125 Lochbrae Rd is a home located in Sacramento County with nearby schools including Woodlake Elementary School, Rio Tierra Junior High School, and Grant Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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