NOT LISTED FOR SALE

1415 Eucalyptus Ave Newman, CA 95360

Estimated Value: $572,000 - $792,041

12 Beds
8 Baths
3,964 Sq Ft
$172/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $762,000 $192 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $4,379/month

10 Days on Market

Highlights

  • City View
  • Contemporary Architecture
  • No HOA
  • 1.06 Acre Lot
  • Private Yard
  • 3-minute walk to Charles F. Klehn Memorial Park

About This Home

As of May 2024

Opportunity Knocks on this one of a kind 4 Plex. It is hard to find Fourplexes build after 2000 with particularly with 4 3 bedroom units! Each units also has its own laundry hookups This property is located on 1.06 Acres, Zoned R-3 with the possibility to build up to an additional 26 Units (according to the former owner). The sewer line has already been installed to the rear of the property, water is installed to the halfway mark and the balance of the utilities are stubbed to the lot and ready to extend (according to the former owner. Buyer should independently verify all land use and utility information. Additionally, despite the very respectable current GRM of 11.96. There is still a huge upside potential in rents over time according to Rentometer Pro. See the Rentometer Analysis attachments. Possible sub 10 GRM when rents are fully optimized over time.

Last Agent to Sell the Property

Ron Benning

LPT Realty, Inc License #01058898 Listed on: 05/04/2024

LPT Realty, Inc

Co-Listed By

Shawn Mileham

LPT Realty, Inc License #01271371

Last Buyer's Agent

Hermay Castaneda

JRP Realty Group License #01785038

JRP Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,153

Year Built

  • Built in 2003

Lot Details

  • 1.06 Acre Lot
  • Landscaped
  • Private Yard

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,964 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Window Screens
  • City Views
  • Laundry in unit

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 128-022-016-000

Community Details

Overview

  • No Home Owners Association
  • 24 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month
  • CPI Adjustment
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,153

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Year Built: 2003
  • Accessibility Features: None
  • Architectural Style: Contemporary
  • Levels: Two
  • Stories: 2
  • Number of Three Bedroom Units: 4
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Electric Range
  • Other Equipment: Varies by Unit
  • Flooring: Carpet, Tile
  • Basement: None
  • Price Per Square Foot: 192.23
  • Square Footage: 3964.00
  • Window Features: Dual Pane Full, Window Screens

Exterior Features

  • Construction Materials: Stucco, Frame
  • Disclosures/Documents: Preliminary Title Report, Transfer Disclosure Statement, Natural Hazard Disclosure Available
  • Exterior Features: Yard Space
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 795000.00
  • Lot Features: Landscape Front
  • New Construction: No
  • Patio And Porch Features: Other
  • Pool: No
  • Property Condition: Varies by Unit
  • Roof: Tile
  • Spa: No
  • Topography: LevelLevel
  • View Description: City

Garage/Parking

  • Carport Spaces: 4.00
  • Covered Parking Spaces: 4.00
  • Parking Features: Carport, Covered
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Electric
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: In Each Unit
  • Water Source: Public
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Newman-Crows Landing

Lot Info

  • Zoning Description: R3
  • Irrigation: None
  • Lot Size Acres: 1.0600
  • Lot Size Sq Ft: 46174.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: See Remarks
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Gross Income: 66480
  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 4
  • Existing Lease Type: CPI Adjustment
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 24
  • Units Furnished: None
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: $1375- $1395

Tax Info

  • Assessor Parcel Number: 128-022-016-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2025
Sold by
Garcia Armando
Bought by
Amarak Investments Llc
Current Estimated Value
$682,021

Purchase Details

Listed on
May 4, 2024
Closed on
May 28, 2024
Sold by
Johnson Capital Holdings Llc
Bought by
A Garcia Properties Llc
Seller's Agent
Ron Benning
LPT Realty, Inc
Buyer's Agent
Hermay Castaneda
JRP Realty Group
List Price
$795,000
Sold Price
$762,000
Premium/Discount to List
-$33,000
-4.15%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.83%

Purchase Details

Listed on
Apr 1, 2020
Closed on
Jul 18, 2020
Sold by
Johnson Don L
Bought by
Johnson Capital Holdings Llc
Seller's Agent
Celenia Prieto
Celenia Prieto, Broker
Buyer's Agent
Shawn Mileham
LPT Realty, Inc
List Price
$615,000
Sold Price
$630,000
Premium/Discount to List
$15,000
2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.88%
Original Mortgage
$472,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2020
Closed on
May 29, 2020
Sold by
Johnson Nicole P
Bought by
Johnson Don L
Seller's Agent
Celenia Prieto
Celenia Prieto, Broker
Buyer's Agent
Shawn Mileham
LPT Realty, Inc
List Price
$615,000
Sold Price
$630,000
Premium/Discount to List
$15,000
2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2020
Closed on
May 26, 2020
Sold by
Powers R E Investments Llc
Bought by
Johnson Don L
Seller's Agent
Celenia Prieto
Celenia Prieto, Broker
Buyer's Agent
Shawn Mileham
LPT Realty, Inc
List Price
$615,000
Sold Price
$630,000
Premium/Discount to List
$15,000
2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 26, 2018
Closed on
Sep 27, 2018
Sold by
Sandoval Vvecente and Sandoval Marni R
Bought by
Powersr E Investments Llc
Seller's Agent
Ben Petersen
Century 21 MM
Buyer's Agent
Bobby Deol
EXIT Realty Consultants
List Price
$680,000
Sold Price
$575,000
Premium/Discount to List
-$105,000
-15.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Jun 18, 2009
Sold by
Sandoval Miguel R and Sandoval Martha
Bought by
Sandoval Miguel and Sandoval Martha

Purchase Details

Closed on
Aug 6, 2001
Sold by
Norby Ebba L
Bought by
Sandoval Vicente and Sandoval Marni R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
7.19%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Amarak Investments Llc -- None Listed On Document
Garcia Armando -- None Listed On Document
Garcia Armando -- None Listed On Document
A Garcia Properties Llc $762,000 First American Title
Johnson Capital Holdings Llc -- None Available
Johnson Don L -- First American Title Company
Johnson Don L $630,000 First American Title Company
Powersr E Investments Llc $575,000 Cypress Title
Sandoval Miguel -- None Available
Sandoval Vicente $89,000 Stewart Title
Norby Ebba L -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Don L $472,500
Previous Owner Sandoval Vicente $71,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2024 05/31/24 Sold $762,000 -4.2% $192 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
05/04/2024 05/04/24 For Sale $795,000 +26.2% $201 / Sq Ft
06/05/2020 06/05/20 Sold $630,000 +2.4% $159 / Sq Ft View Prior Sale
04/30/2020 04/30/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $615,000 0.0% $155 / Sq Ft
04/08/2020 04/08/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $615,000 +7.0% $155 / Sq Ft
09/28/2018 09/28/18 Sold $575,000 -3.8% $145 / Sq Ft View Prior Sale
08/05/2018 08/05/18 Pending -- -- --
07/03/2018 07/03/18 Price Changed $598,000 -12.1% $151 / Sq Ft
03/19/2018 03/19/18 For Sale $680,000 -- $172 / 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 $9,153 $777,240 $253,980 $523,260
2024 $7,852 $668,560 $196,323 $472,237
2023 $7,637 $655,452 $192,474 $462,978
2022 $7,518 $642,600 $188,700 $453,900
2021 $7,406 $630,000 $185,000 $445,000
2020 $6,837 $586,500 $188,700 $397,800
2019 $6,871 $575,000 $185,000 $390,000
2018 $6,107 $535,597 $115,546 $420,051
2017 $6,468 $510,500 $69,000 $441,500
2016 $5,325 $464,000 $62,500 $401,500
2015 $4,671 $386,000 $62,500 $323,500
2014 $4,239 $345,000 $62,500 $282,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224046996

MetroList

APN: 128-22-16