Seller's Agent in 2022
Chelle Callo
DoorTru
(530) 764-5575
7 in this area
104 Total Sales
1125 Locust St Gridley, CA 95948
Studio
--
Bath
8,160
Sq Ft
1.8
Acres
Highlights
- RV or Boat Parking
- Wood Flooring
- Private Yard
- Gridley High School Rated A-
- Corner Lot
- No HOA
About This Home
As of March 2022This Multi-Unit community consists of 9 single-family homes and a triplex totaling 12 units. Each unit has its carport, large storage area, indoor laundry, nearly private yards, and long-term tenants. Clean, well maintained, needs some TLC. The property offers significant upside by improving rents to meet the local market value and possible room for additional growth -built-out-expand amenities to the underutilized portions of the property. Current Rents are low due to LONG TERM TENANTS - WITH MARKET RENTS CAP RATE IS 8.676 % - GRM 7.70 - ANNUAL INCOME $168,600 Combined 4 lot are per county record 78,409 - 1.8 acres
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,370
Year Built
- Built in 1952
Lot Details
- Corner Lot
- Private Yard
Home Design
- Cottage
- Raised Foundation
- Composition Roof
Interior Spaces
- 2-Story Property
- Laundry in unit
Flooring
- Wood
- Laminate
- Concrete
- Tile
- Vinyl
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 12 Open Parking Spaces
- 24 Parking Spaces
- 12 Carport Spaces
- Guest Parking
- RV or Boat Parking
Accessible Home Design
- Accessible Approach with Ramp
Utilities
- Wall Furnace
- Shared Septic
- Septic System
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 010-360-012-000
Community Details
Overview
- No Home Owners Association
- 12 Buildings
- 12 Units
Building Details
- 12 Leased Units
- 12 Units Leased Month-To-Month
- Insurance Expense $4,360
- Maintenance Expense $7,960
- Net Operating Income $54,656
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/25/2022 03/25/22 | Sold | $1,050,000 | -4.5% | $129 / Sq Ft | |
| 03/25/2022 03/25/22 | Sold | $1,100,000 | -15.3% | $125 / Sq Ft | View Prior Sale |
| 02/07/2022 02/07/22 | Pending | -- | -- | -- | |
| 02/07/2022 02/07/22 | Pending | -- | -- | -- | |
| 01/16/2022 01/16/22 | For Sale | $1,298,000 | 0.0% | $159 / Sq Ft | |
| 10/28/2021 10/28/21 | For Sale | $1,298,000 | -- | $147 / 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 | $3,602 | $323,667 | $106,120 | $217,547 |
| 2024 | $3,602 | $317,322 | $104,040 | $213,282 |
| 2023 | $3,583 | $311,100 | $102,000 | $209,100 |
| 2022 | $911 | $157,408 | $60,280 | $97,128 |
| 2021 | $1,780 | $154,323 | $59,099 | $95,224 |
| 2020 | $1,777 | $152,742 | $58,494 | $94,248 |
| 2019 | $1,692 | $149,748 | $57,348 | $92,400 |
| 2018 | $1,701 | $146,813 | $56,224 | $90,589 |
| 2017 | $1,670 | $143,935 | $55,122 | $88,813 |
| 2016 | $1,608 | $141,114 | $54,042 | $87,072 |
| 2015 | $1,741 | $138,996 | $53,231 | $85,765 |
| 2014 | $1,698 | $136,274 | $52,189 | $84,085 |
Source: Public Records
Agents Affiliated with this Home
-
Chelle Callo
Map
Source: MetroList
MLS Number: 222004577
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