$550,000
SOLD JAN 29, 2025
8 Beds
4 Baths
3,072 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$179 Per Sq Ft

4% Above List Price

13 Days on Market

Highlights

  • No HOA
  • North Facing Home
  • Rectangular Lot
  • Forced Air Heating and Cooling System

About This Home

As of January 2025

Investors, seize this incredible opportunity with a 4-plex multi-unit property, perfectly situated in Northeast Visalia. Each unit offers 2 bedrooms, 1 bathroom and Central HVAC, providing comfortable living spaces for tenants. The property features, carports, and storage rooms, enhancing convenience and appeal for potential tenants. All units are occupied by month-month tenets. Don't miss out on this perfect investment for generating passive income and growing your real estate portfolio.

Last Agent to Sell the Property

Paul Deathriage Jr

Anderson Real Estate Group License #01930869 Listed on: 11/27/2024

Last Buyer's Agent

Lizeth Escobar

Downtown Realty Visalia License #02089641

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 62.4 x 165 x 62.5 x 165
  • North Facing Home
  • Rectangular Lot
  • Level Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,072 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • Carport
  • No Garage

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 098150038000

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Lot Size: 62.4 x 165 x 62.5 x 165
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Directions: From Hiway 198 and Ben Maddox, go north on Ben Maddox to Douglas, East on Douglas to property address.
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1987
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Water Heater
  • Total Bedrooms: 8
  • Fireplace: No

Exterior Features

  • Lot Features: Level, Rectangular Lot
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame
  • Direction Faces: North
  • Foundation Details: Slab
  • Roof: Composition
  • Lot Features:Level: Yes
  • Construction:Frame: Yes
  • Lot Features:Rectangular Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • General Information:Garage: No
  • Parking Features:Carport: Yes
  • Unit 1:Garage Spaces: 1
  • Unit 2:Garage Spaces2: 1
  • Unit 3:Garage Spaces3: 1
  • Unit 4:Garage Spaces4: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Water Heater: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 10454.0
  • Additional Parcels: No
  • Parcel #: 098150038000
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Income Includes: ["Rent Only"]

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Dec 12, 2024
Sold by
Robert W Airey Trust and Airey Robert W
Bought by
Olea Luis Gerardo Mend
Seller's Agent
Paul Deathriage Jr
Anderson Real Estate Group
Buyer's Agent
Lizeth Escobar
Downtown Realty Visalia
List Price
$529,000
Sold Price
$550,000
Premium/Discount to List
$21,000
3.97%
Views
20
Current Estimated Value
$565,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,034
Avg. Annual Appreciation
2.91%
Original Mortgage
$495,000
Interest Rate
6.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2011
Sold by
Airey Robert W
Bought by
Airey Robert W and The Robert W Airey Trust

Purchase Details

Closed on
Nov 6, 2003
Sold by
Mathias David C
Bought by
Egi Dennis and Egi Mitsuko Sakai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2000
Sold by
Giotta Johnny L
Bought by
Mathias David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,120
Interest Rate
6.89%

Purchase Details

Closed on
Sep 22, 1993
Sold by
Giotta Johnny
Bought by
Giotta Johnny L and Giotta Gerrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,570
Interest Rate
7.13%
Mortgage Type
FHA
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 Type Sale Price Title Company
Grant Deed $550,000 Chicago Title
Interfamily Deed Transfer -- None Available
Grant Deed $250,000 --
Grant Deed -- First American Title Co
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $495,000 New Conventional
Previous Owner $187,500 Purchase Money Mortgage
Previous Owner $99,120 No Value Available
Previous Owner $122,570 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2025 01/29/25 Sold $550,000 +4.0% $179 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/27/2024 11/27/24 For Sale $529,000 -- $172 / Sq Ft
Source: Tulare County MLS

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 $5,543 $526,132 $95,659 $430,473
2024 $5,543 $515,817 $93,784 $422,033
2023 $3,632 $340,000 $60,000 $280,000
2022 $3,539 $340,000 $60,000 $280,000
2021 $3,614 $340,000 $60,000 $280,000
2020 $2,981 $280,000 $60,000 $220,000
2019 $2,404 $228,000 $50,000 $178,000
2018 $2,405 $228,000 $50,000 $178,000
2017 $2,412 $228,000 $50,000 $178,000
2016 $2,134 $200,000 $50,000 $150,000
2015 $1,506 $140,000 $28,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tulare County MLS

MLS Number: 232439

Tulare County MLS

APN: 098-230-024-000