NOT LISTED FOR SALE
4 Beds
4 Baths
2,000 Sq Ft
0.41 Acre Lot

Sale Details

Date Sold: November 6, 2020

Last sale price $630,000 $315 Per Sq Ft

9 Days on Market

Highlights

  • 0.41 Acre Lot
  • Tile Flooring
  • 1-Story Property
  • No HOA

About This Home

As of November 2020

8 unit apartment building collecting around $7k in gross rents and over 8% cap rate. Large front courtyard. One building holds six one bedroom, one bathroom units, built in 1946, and the second building is two three bedroom, one bathroom units, built around 2008. Owner pays water, garbage, and sewer. Close to shopping, elementary/junior high school and CA-99. See attached rent roll for more information.

Last Agent to Sell the Property

Ricardo Gil

Gil's Real Estate License #01800755 Listed on: 09/01/2020

Last Buyer's Agent

Sam Roham

Alliant Real Estate And Financ License #01521106

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 17,829 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Tile Flooring

Listing and Financial Details

  • Security Deposit $3,550
  • Tenant pays for electricity gas
  • Assessor Parcel Number 056-048-024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 6 Leased Units
  • 2 Vacant Units
  • 8 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0.41 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1946
  • Stories: 1
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: None
  • Flooring: Tile

Exterior Features

  • Construction Materials: Wood,See Remarks
  • Disclosures/Documents: None
  • Listing Price: 649990.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Open

Utilities

  • Cooling: Ceiling Fan(s),Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Multifamily
  • Lot Size Acres: 0.4093
  • Lot Size Sq Ft: 17829

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total Deposit: 3550
  • Total # Leasable: 8

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 6
  • Number of Month to Month Units: 8
  • Number of Units: 8
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 056-048-024
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2022
Sold by
Rel Real Estate Llc
Bought by

Purchase Details

Listed on
Sep 1, 2020
Closed on
Nov 3, 2020
Sold by
Alsumeri Fahmi
Bought by
Rel Real Estate Llc
Seller's Agent
Ricardo Gil
Gil's Real Estate
Buyer's Agent
Sam Roham
Alliant Real Estate And Financ
List Price
$649,990
Sold Price
$630,000
Premium/Discount to List
-$19,990
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 30, 2020
Sold by
Alsumeri Fahmi and Alasali Abdulhakim Mohamed
Bought by
Alsumeri Fahmi
Seller's Agent
Ricardo Gil
Gil's Real Estate
Buyer's Agent
Sam Roham
Alliant Real Estate And Financ
List Price
$649,990
Sold Price
$630,000
Premium/Discount to List
-$19,990
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2002
Sold by
Alsumeri Rage
Bought by
Alsumeri Fahmi

Purchase Details

Closed on
May 1, 1997
Sold by
Reckling John L and Reckling Debra L
Bought by
Jacobs Walter L and Jacobs Frances

Purchase Details

Closed on
Apr 21, 1995
Sold by
First Interstate Bank Of California
Bought by
Schmidt Ruth L

Purchase Details

Closed on
Mar 3, 1995
Sold by
Schmidt Ruth L
Bought by
Reckling John and Reckling Debra L
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
Rel Real Estate Llc $630,000 First American Title Company
Alsumeri Fahmi -- First American Title Company
Alsumeri Fahmi -- Chicago Title
Mohamed Alsumeri Fahmi $247,000 Chicago Title
Jacobs Walter L $212,500 First American Title Co
Schmidt Ruth L -- First American Title Co
Reckling John -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $400,000
Source: Public Records

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
11/06/2020 11/06/20 Sold $630,000 -3.1% $315 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $649,990 -- $325 / 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 $8,212 $681,930 $129,890 $552,040
2024 $7,855 $668,560 $127,344 $541,216
2023 $7,743 $655,452 $124,848 $530,604
2022 $7,560 $642,600 $122,400 $520,200
2021 $7,125 $630,000 $120,000 $510,000
2020 $3,986 $332,834 $76,803 $256,031
2019 $3,900 $326,309 $75,298 $251,011
2018 $2,409 $199,327 $73,822 $125,505
2017 $3,640 $313,640 $72,375 $241,265
2016 $3,575 $307,491 $70,956 $236,535
2015 $3,452 $296,000 $37,500 $258,500
2014 $3,127 $265,000 $37,500 $227,500
Source: Public Records

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Map

Source: MetroList

MLS Number: 20051886

MetroList
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