NOT LISTED FOR SALE

127 N Locust Ave Ripon, CA 95366

7 Beds
4 Baths
3,052 Sq Ft
14,000 Sq Ft Lot

Last Sold April 23, 2018

Last sale price $1,348,000 $442 Per Sq Ft

11 Days on Market

About This Home

As of April 2018

Rare opportunity to acquire San Joaquin County 10-unit Apartment building located in the quiet community of Ripon. Nine Units are 2/1 & One unit is 1/1. Very stable income with several long term tenants.Excellent upside potential. Several units have been updated and all units are well maintained.

Last Agent to Sell the Property

Maria Vieira-Lee

RE/MAX Executive License #01438271 Listed on: 02/13/2018

RE/MAX Executive

Last Buyer's Agent

Kelley Winget

HomeSmart PV & Associates License #01977638

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.32

Parking

  • 1 Parking Space Included

Home Design

  • Split Level Home
  • Composition Roof

Utilities

  • Window Unit Cooling System
  • Wall Furnace

Additional Features

  • 2-Story Property
  • 0.32 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 259-070-17

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 7 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.32 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1986
  • Levels: MultiSplit
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Free Standing Electric Range
  • Other Equipment: None
  • Flooring: Carpet,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Listing Price: 1425000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Carport,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Window Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Ripon Unified

Lot Info

  • Zoning Description: C3 (Central Business District)
  • Lot Size Acres: 0.3214
  • Lot Size Sq Ft: 14000

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 10

Multi Family

  • Income Includes: Laundry
  • Number of Leased Units: 10
  • Number of Month to Month Units: 7
  • Number of Units: 10
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 259-070-17

MLS Schools

  • School District (County): San Joaquin
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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
04/23/2018 04/23/18 Sold $1,348,000 -5.4% $442 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/12/2018 02/12/18 For Sale $1,425,000 -- $467 / 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 $16,999 $1,533,787 $334,518 $1,199,269
2024 $16,726 $1,503,713 $327,959 $1,175,754
2023 $16,391 $1,474,229 $321,529 $1,152,700
2022 $16,136 $1,445,324 $315,225 $1,130,099
2021 $15,892 $1,416,986 $309,045 $1,107,941
2020 $15,750 $1,402,458 $305,877 $1,096,581
2019 $15,485 $1,374,960 $299,880 $1,075,080
2018 $8,781 $744,933 $198,120 $546,813
2017 $8,494 $730,328 $194,236 $536,092
2016 $8,360 $716,012 $190,429 $525,583
2015 $8,262 $705,259 $187,569 $517,690
2014 $7,790 $691,445 $183,895 $507,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 18008410

MetroList
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