NOT LISTED FOR SALE

Estimated Value: $401,198 - $431,000

2 Beds
4 Baths
1,900 Sq Ft
$221/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $399,000 $210 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,578/month

24 Days on Market

Highlights

  • Fireplace in Kitchen
  • Wooded Lot
  • Cooling System Mounted To A Wall/Window
  • Harry M. Marsh Junior High School Rated A-
  • Private Yard
  • Accessible Parking

About This Home

As of September 2021

Best price per unit on the market! This 4 plex is a good little workhorse of a property and consists of 2- 1 bedroom 1 bath and 2 studio units. Both studios have been updated. One studio(unit #4) has been completely renovated while the other(unit #3) received fresh paint, new kitchen cabinets, and other bathroom upgrades including a new vanity. Property has always stayed rented per owner. All units have upside in rents, subject to applicable ordinances and laws. Off street parking with a large front yard common area plus each unit has a fenced private back yard. Property is on septic. All roofs are newer (within the last 5 years). Other recent updates include newer AC units and appliances.

Last Agent to Sell the Property

James Lowe

Ryno Company License #02114688 Listed on: 07/06/2021

Co-Listed By

Ryan Vaught

Ryno Company License #01444141

Last Buyer's Agent

Lisa Jones

Suburban Homes Realty License #01329774

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 9,583 Sq Ft Lot
  • Property fronts a county road
  • Two or More Common Walls
  • Wood Fence
  • Front Yard Sprinklers
  • Wooded Lot
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Awning
  • Window Screens
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Laminate Countertops
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Private Parking
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Gas Water Heater
  • Septic Type Unknown
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Fireplace in Patio

Listing and Financial Details

  • Tenant pays for electricity, sewer, water
  • Tax Lot 10
  • Assessor Parcel Number 005385010000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,080
  • Insurance Expense $2,064
  • Maintenance Expense $350
  • Other Expense $650
  • Professional Management Expense $2,598
  • Trash Expense $600
  • Water Sewer Expense $540
  • New Taxes Expense $5,225
  • Operating Expense $13,107
  • Gross Income $33,480
  • Net Operating Income $19,369

Property Details

Home Type

Multi-Family

Year Built

Built in 1955 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 4.08
  • Professional Management Expense: 2598.00
  • Property Attached: Yes
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Water Sewer Expenses: 540.00
  • Zoning: AR
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 005385010000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room, Patio, Electric, Gas
  • Levels: One
  • Price Per Square Foot: 210.00
  • Window Features: Screens

Exterior Features

  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Private, Unassigned

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Appliances: Gas Range, Gas Cooktop, Gas Water Heater, Refrigerator, Water Heater
  • Electric: Standard
  • Sewer: Septic Type Unknown
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Sprinkler System, Sprinklers In Front, Treed Lot, Yard
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Multi Family

  • Gross Income: 33480.00
  • Gross Multiplier: 14.19
  • Gross Operating Income: 32476.00
  • Gross Scheduled Income: 33480.00
  • Insurance Expense: 2064.00
  • Lot Size Area: 9583.0000 Square Feet
  • Maintenance Expense: 350.00
  • Net Operating Income: 19369.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13107.00
  • Other Expense: 650.00
  • Other Expense Description: Turnover
  • Other Income1: 2880.00
  • Other Income Description: Water/Sewer
  • Rent Control: Yes
  • Total Actual Rent: 2730.00
  • Total Expenses: 13107.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5225.00
  • Tax Census Tract: 13.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Sep 27, 2021
Sold by
Booth Edward and Booth Shanna Mcclelland
Bought by
Rosemon Daniel
Seller's Agent
James Lowe
Ryno Company
Buyer's Agent
Lisa Jones
Suburban Homes Realty
List Price
$475,000
Sold Price
$399,000
Premium/Discount to List
-$76,000
-16%
Current Estimated Value
$419,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,733
Avg. Annual Appreciation
1.19%
Original Mortgage
$375,533
Outstanding Balance
$342,451
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$77,282

Purchase Details

Closed on
Aug 5, 2015
Sold by
Mcclelland Booth Edward and Mcclelland Booth Shanna
Bought by
The Booth Family Trust

Purchase Details

Listed on
Dec 3, 2013
Closed on
Jan 13, 2014
Sold by
Hobbs Brian Wayne and Hobbs Debra Lynn
Bought by
Booth Edward and Booth Shanna Mcclelland
Seller's Agent
Glenn Fry
Glenn Fry Real Estate
Buyer's Agent
Dean Gaskey
Anderson Real Estate Sales
List Price
$199,000
Sold Price
$195,000
Premium/Discount to List
-$4,000
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$136,500
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2001
Sold by
Hobbs Bryan Wayne and Hobbs Debra Lynn
Bought by
Hobbs Bryan Wayne and Hobbs Debra Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,350
Interest Rate
7.14%

Purchase Details

Closed on
May 15, 2000
Sold by
Hobbs Wilbur Ray and Hobbs Debra Lyn
Bought by
Hobbs Bryan Wayne and Hobbs Debra Lynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Rosemon Daniel $399,000 Fidelity Natl Ttl Co Of Ca
The Booth Family Trust -- None Available
Booth Edward $195,000 Fidelity Natl Title Co Of Ca
Hobbs Bryan Wayne -- Bidwell Title
Hobbs Bryan Wayne $67,500 Bidwell Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosemon Daniel $375,533
Previous Owner Booth Edward $136,500
Previous Owner Hobbs Bryan Wayne $64,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2021 09/30/21 Sold $399,000 0.0% $210 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/23/2021 07/23/21 Price Changed $399,000 -16.0% $210 / Sq Ft
07/06/2021 07/06/21 For Sale $475,000 +143.6% $250 / Sq Ft
01/31/2014 01/31/14 Sold $195,000 -2.0% $132 / Sq Ft View Prior Sale
12/08/2013 12/08/13 Pending -- -- --
12/03/2013 12/03/13 For Sale $199,000 -- $135 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,618 $424,021 $137,957 $286,064
2024 $4,618 $415,119 $135,252 $279,867
2023 $4,563 $407,580 $132,600 $274,980
2022 $4,490 $399,600 $130,000 $269,600
2021 $2,501 $221,433 $101,923 $119,510
2020 $2,500 $219,169 $100,878 $118,291
2019 $2,456 $214,884 $98,900 $115,984
2018 $2,409 $210,683 $96,961 $113,722
2017 $2,360 $206,564 $95,060 $111,504
2016 $2,157 $202,527 $93,197 $109,330
2015 $2,156 $199,495 $91,798 $107,697
2014 $1,487 $136,014 $51,938 $84,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN21145088

California Regional Multiple Listing Service (CRMLS)

APN: 005-385-010-000