NOT LISTED FOR SALE

1378 State Highway 99 Gridley, CA 95948

8 Beds
5 Baths
3,369 Sq Ft
3.96 Acres

Last Sold December 30, 2016

Last sale price $1,100,000 $327 Per Sq Ft

50 Days on Market

Highlights

  • 3.96 Acre Lot
  • No HOA
  • Cabin
  • Gridley High School Rated A-
  • Carpet

About This Home

As of December 2016

Future commercial development opportunity with this 27 unit multi-family complex on 3.96 acres with several hundred feet of frontage along Hwy 99. Property is made up of 3 separate parcels. There are 27 units: 4 Studio, 12 ( 1 bd/1 ba), & 11 (2 bd/1 ba). Average unit is 612 SF. There are also 5 storage unit buildings that could be rented for storage or restored to studio cottages. Located within walking distance to Safeway, restaurants and banks. Several units have been remodeled in the last year. Wonderful income property with huge potential for commercial development in the future.

Last Agent to Sell the Property

Christy Bosanek

Coldwell Banker Associated Brokers License #01806823 Listed on: 07/26/2016

Coldwell Banker Associated Brokers

Last Buyer's Agent

Craig Hendy

Berkshire Hathaway HomeServices Heritage, REALTORS License #01394169

Berkshire Hathaway HomeServices Heritage, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 3.96

Parking

  • Open Parking

Home Design

  • Cabin
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Laminate

Additional Features

  • 1-Story Property
  • 3.96 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 024-06-0003

Community Details

Overview

  • No Home Owners Association
  • 30 Buildings
  • 32 Units

Building Details

  • 27 Leased Units
  • 27 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1947
  • Architectural Style: Cabin, Cottage/Bungalow
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Carpet, Laminate

Exterior Features

  • Construction Materials: Stucco, Wood
  • Disclosures/Documents: Rental/Lease Agmts, None
  • Listing Price: 1549000.00
  • Patio And Porch Features: Varies by Unit
  • Roof: Composition

Garage/Parking

  • Parking Features: Open, Varies by Unit, 1 Space Per Unit

Utilities

  • Cooling: Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Yard Space, Varies By Unit
  • Association: No

Schools

  • Senior High School District: Other

Lot Info

  • Zoning Description: C2 & R3
  • Lot Size Acres: 3.9600
  • Lot Size Sq Ft: 172498

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Total # Leasable: 27

Multi Family

  • Gross Income: 192000
  • Income Includes: Rent Only
  • Number of Leased Units: 27
  • Number of Month to Month Units: 27
  • Number of Units: 32
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 024-06-0003

MLS Schools

  • School District (County): Other

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $1,100,000 0.0% $1,797 / Sq Ft
12/30/2016 12/30/16 Sold $1,100,000 -29.0% $327 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
09/14/2016 09/14/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $1,549,000 -0.1% $460 / Sq Ft
05/23/2016 05/23/16 For Sale $1,549,900 -- $2,533 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christy Bosanek

    Seller's Agent in 2016

    Christy Bosanek

    Coldwell Banker Associated Brokers

    (530) 870-6907

    32 Total Sales

    Christy Bosanek
    Section Image

  • C

    Buyer's Agent in 2016

    Craig Hendy

    Berkshire Hathaway HomeServices Heritage, REALTORS

    (530) 713-2766

    1 in this area

    24 Total Sales

    Section Image
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Map

Source: MetroList

MLS Number: 16048571

MetroList

California Butte County Gridley 95948

1378 State Highway 99, Gridley, CA

This home is located at 1378 State Highway 99, Gridley, CA 95948 since 26 July 2016. This property was built in 1947. 1378 State Highway 99 is a home located in Butte County with nearby schools including Wilson Elementary School, McKinley Elementary School, and Sycamore Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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