NOT LISTED FOR SALE

1327 Monterey Ave Modesto, CA 95354

La Loma Neighborhood

Estimated Value: $562,000

10 Beds
6 Baths
4,172 Sq Ft
$135/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $525,000 $126 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,499/month

34 Days on Market

About This Home

As of July 2019

Huge gated lot with eight units total. Two single family detached homes and 6 units in one building, 2 one bedroom, 4 studios. Exterior recently painted. Good condition. Property fenced. This property has a good cash flow. One of the homes was rebuilt in 1985. Walking distance to Gallo distribution. Easy to rent. Attached is the rent and expenses.

Last Agent to Sell the Property

Russell White

White House Real Estate License #01194924 Listed on: 04/09/2019

Last Buyer's Agent

Srinivasa Myneni

Legacy Real Estate & Assoc. License #01953963

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,386

Year Built

  • Built in 1948

Lot Details

  • 0.41

Home Design

  • Raised Foundation
  • Composition Roof

Parking

  • 1 Parking Space Included
  • 4 Covered Spaces

Additional Features

  • 2-Story Property
  • 0.41 Acre Lot

Listing and Financial Details

  • Tenant pays for cable tv rent only
  • Assessor Parcel Number 035-043-042-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 8 Units

Building Details

  • 7 Leased Units
  • 1 Vacant Unit
  • 7 Units Leased Month-To-Month
  • Insurance Expense $2,863
  • Net Operating Income $47,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,386

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1948
  • Architectural Style: Ranch
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1985

Interior Features

  • Appliances: Free Standing Refrigerator,Gas Cook Top
  • Other Equipment: Varies by Unit
  • Flooring: Tile,Wood,Varies by Unit

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Foundation: Raised
  • Listing Price: 599950.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 4
  • Parking Features: Varies by Unit,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s),Window Unit(s),Varies by Unit
  • Heating: Varies by Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: UNK
  • Lot Size Acres: 0.4125
  • Lot Size Sq Ft: 17969

Rental Info

  • Tenant Pays: Cable TV,Rent Only
  • Total # Leasable: 8

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 2863
  • Number of Leased Units: 7
  • Number of Month to Month Units: 7
  • Number of Units: 8
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 035-043-042-000
  • Current RE Taxes: 5386
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2019
Closed on
Jun 22, 2019
Sold by
White Russell and White Annita
Bought by
Proper Investments Llc
Seller's Agent
Russell White
White House Real Estate
Buyer's Agent
Srinivasa Myneni
Legacy Real Estate & Assoc.
List Price
$599,950
Sold Price
$525,000
Premium/Discount to List
-$74,950
-12.49%
Current Estimated Value
$562,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,000
Avg. Annual Appreciation
1.05%
Original Mortgage
$390,000
Outstanding Balance
$342,210
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$219,790

Purchase Details

Closed on
Feb 4, 2016
Sold by
1327 Monterey Avenue Llc
Bought by
White Russell and White Annita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 7, 2016
Sold by
Norcal Limited Llc
Bought by
1327 Monterey Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2015
Sold by
Norcal Ltd Llc
Bought by
Pendleton Trust and Norcal Ltd Llc

Purchase Details

Closed on
May 8, 2014
Sold by
Luna Rogelio and Castro Consuelo
Bought by
Norcal Limited Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2010
Sold by
Gobea Ezequiel
Bought by
Luna Rogelio and Castro Consuelo

Purchase Details

Closed on
May 20, 2004
Sold by
Myers Melvin L and Victoria E Myers A
Bought by
Gobea Ezequiel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,800
Interest Rate
5.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 13, 2004
Sold by
Myers Melvin L and Myers Elaine A
Bought by
Myers Melvin L and Victoria E Myers A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Proper Investments Llc $252,273 First American Title Company
White Russell $475,000 Fidelity National Title Co
1327 Monterey Avenue Llc $10,000 None Available
Pendleton Trust -- None Available
Norcal Limited Llc $675,000 First American Title Company
Luna Rogelio $42,000 First American Title Ins Co
Gobea Ezequiel $490,000 Fidelity Title
Gobea Ezequiel -- Fidelity Title
Myers Melvin L -- Fidelity Title
Myers Melvin L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Proper Investments Llc $390,000
Previous Owner White Russell $425,000
Previous Owner Norcal Limited Llc $438,750
Previous Owner Gobea Ezequiel $401,800
Closed Gobea Ezequiel $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2019 07/01/19 Sold $525,000 -12.5% $126 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
04/09/2019 04/09/19 For Sale $599,950 -- $144 / Sq Ft
Source: MetroList

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 $6,714 $574,161 $109,363 $464,798
2024 $6,414 $562,904 $107,219 $455,685
2023 $6,319 $551,867 $105,117 $446,750
2022 $6,166 $541,047 $103,056 $437,991
2021 $5,799 $530,439 $101,036 $429,403
2020 $5,913 $525,000 $100,000 $425,000
2019 $5,657 $504,072 $57,304 $446,768
2018 $5,386 $494,189 $56,181 $438,008
2017 $5,257 $484,500 $55,080 $429,420
2016 $7,345 $676,586 $24,039 $652,547
2015 $7,486 $688,485 $20,399 $668,086
2014 $1,035 $94,764 $26,322 $68,442
Source: Public Records

Agents Affiliated with this Home

  • Russell White

    Seller's Agent in 2019

    Russell White

    White House Real Estate

    (916) 308-3833

    39 Total Sales

    Russell White
    Section Image

  • S

    Buyer's Agent in 2019

    Srinivasa Myneni

    Legacy Real Estate & Assoc.

    (415) 640-5406

    1 in this area

    21 Total Sales

    Srinivasa Myneni
    Section Image
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Map

Source: MetroList

MLS Number: 19021876

MetroList

APN: 035-43-42

California Stanislaus County Modesto 95354 La Loma

1327 Monterey Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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