Seller's Agent in 2022
Chelle Callo
DoorTru
(530) 764-5575
91 Total Sales
1125 Locust St Gridley, CA 95948
Studio
--
Bath
8,160
Sq Ft
1.8
Acre Lot
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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