$945,000
SOLD DEC 23, 2024
-- Bed
-- Bath
1,952 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$484 Per Sq Ft

18% Below List Price

82 Days on Market

Highlights

  • No HOA
  • Miwok Middle School Rated A-
  • Carpet

About This Home

As of December 2024

Nestled in the vibrant and sought-after Midtown area, this 6-unit studio apartment complex promises exceptional proximity to local shops, trendy restaurants, parks, and cultural attractions. The convenience of excellent public transportation links and major roadways. Each studio apartment has an open and airy living area, providing a comfortable environment for tenants. The walk-through closet/storage area effortlessly connects the living space to the bathroom, enhancing the apartment's functionality and appeal. Currently, all units are fully occupied, offering investors a stable and dependable source of rental income. This well-maintained complex represents a superb addition to any real estate portfolio, blending prime location with consistent rental revenue. Additionally, the property includes a separate area equipped with plumbing for a laundry facility, which offers extra convenience for tenants and adds to the overall attractiveness of the complex.

Last Agent to Sell the Property

Rich Cazneaux

Coldwell Banker Realty License #01447558 Listed on: 08/08/2024

Coldwell Banker Realty

Last Buyer's Agent

Lourdes Mendoza

Coldwell Banker Realty License #01777831

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 1947

Parking

  • On-Street Parking

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,952 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Linoleum
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • 3,049 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Security Deposit $6,250
  • Assessor Parcel Number 007-0253-018-0000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Units Leased Month-To-Month
  • Net Lease
  • Insurance Expense $3,850
  • Net Operating Income $65,174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,100

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1947
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Linoleum
  • Price Per Square Foot: 484.12
  • Square Footage: 1952.00

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1050000.00
  • Lot Features: Curbs/Gutters, Sidewalk
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Street

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: City
  • Cooling: Wall Unit(s)
  • Heating: Electric
  • Laundry Features: Other
  • Water Source: Public
  • Utilities Expenses: 6276

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning: R-3A
  • Irrigation: Public District
  • Lot Size Acres: 0.0700
  • Lot Size Sq Ft: 3049.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Total Deposit: 6250
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net
  • Number Of Studios Occupied: 6

Multi Family

  • Gross Income: 77400
  • Income Includes: ["See Remarks"]
  • Insurance Expense: 3850
  • Number of Month to Month Units: 6
  • Number of Units: 6
  • Studio Rent Range: $1000-$1150

Tax Info

  • Assessor Parcel Number: 007-0253-018-0000
  • Current RE Taxes: 2100
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Range of Values:

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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
12/23/2024 12/23/24 Sold $945,000 -10.0% $484 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
09/17/2024 09/17/24 Price Changed $1,050,000 -8.7% $538 / Sq Ft
08/08/2024 08/08/24 For Sale $1,150,000 -- $589 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224086536

MetroList