NOT LISTED FOR SALE

120 Park Ave Grass Valley, CA 95945

8 Beds
8 Baths
4,000 Sq Ft
6,534 Sq Ft Lot

Last Sold October 26, 2022

Last sale price $850,000 $212 Per Sq Ft

149 Days on Market

Highlights

  • No HOA
  • Balcony
  • Guest Parking
  • Covered Patio or Porch
  • Double Pane Windows
  • Landscaped

About This Home

As of October 2022

This is a great opportunity with profitable up side. Long term tenants under market rents. Each unit in todays market will rent for $1,500. month. Current rents are $890 - $1,100. Interiors are well maintained, exterior has been recently upgraded with new decks, and patio dividers. Current Cap Rate: 3.82% Year 1 Cap Rate: 6% Pro Forma Cap Rate: 6.5% Current Physical Occupancy: 100% Current Economic Occupancy: 59.6%

Last Agent to Sell the Property

Stephen De Sena

eXp Realty of California Inc. License #01147876 Listed on: 04/26/2022

eXp Realty of California Inc.

Last Buyer's Agent

Terry Ferguson

Mitchell Real Estate License #01199233

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Blown Fiberglass Insulation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Disposal
  • Laundry in unit

Flooring

  • Carpet
  • Linoleum

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Guest Parking
  • On-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 029-160-016-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Additional Features

  • Laundry Facilities
  • 4 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1965
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Electric Water Heater
  • Flooring: Carpet, Linoleum
  • Basement: None
  • Price Per Square Foot: 212.50
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco, Wall Insulation, Wood
  • Disclosures/Documents: None
  • Foundation: Slab
  • Listing Price: 950000.00
  • Lot Features: Curb(s), Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
  • Patio And Porch Features: Balcony/Deck, Covered Patio
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Topography: Level

Garage/Parking

  • Carport Spaces: 4.00
  • Covered Parking Spaces: 4.00
  • Parking Features: Carport, Covered, Detached, Street, Guest Parking Available
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Connected, City, Electric, Internet Available
  • Cooling: Central, Individual
  • Electric: 220 Volts
  • Heating: Central, Individual, Natural Gas
  • Laundry Features: Washer/Dryer Owned, In Each Unit
  • Water Source: Meter on Site, Public
  • Separate Meters: Electricity,Gas,Water

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Nevada Joint Union

Lot Info

  • Zoning Description: NG3
  • Irrigation: None
  • Lot Size Acres: 0.1500
  • Lot Size Sq Ft: 6534.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water
  • Lease Term: Varies By Unit
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Units: 4
  • Units Furnished: None
  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 4
  • Two Bedroom Rent Range: 875 - 1100

Tax Info

  • Assessor Parcel Number: 029-160-016-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Nevada

Range of Values:

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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 List to Sale Price per Sq Ft
10/26/2022 10/26/22 Sold $850,000 -10.5% $213 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
05/25/2022 05/25/22 Price Changed $950,000 -20.8% $238 / Sq Ft
04/26/2022 04/26/22 For Sale $1,200,000 -- $300 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Stephen De Sena

    Seller's Agent in 2022

    Stephen De Sena

    eXp Realty of California Inc.

    (530) 277-3307

    6 in this area

    47 Total Sales

    Stephen De Sena
    Section Image
  • Terry Ferguson

    Buyer's Agent in 2022

    Terry Ferguson

    Mitchell Real Estate

    (530) 559-2019

    30 in this area

    82 Total Sales

    Terry Ferguson
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 222052002

MetroList

APN: 29-160-16

California Nevada County Grass Valley 95945

120 Park Ave, Grass Valley, CA

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