NOT LISTED FOR SALE
8 Beds
10 Baths
3,650 Sq Ft
7,492 Sq Ft Lot

Last Sold October 28, 2022

Last sale price $2,000,000 $548 Per Sq Ft

208 Days on Market

Highlights

  • Ridge View
  • Wood Flooring
  • Bungalow
  • Terra Linda High School Rated A-
  • Storage
  • Landscaped

About This Home

As of October 2022

Reduced $400,000 from original price! Motivated! Owner financing with 25% down for qualified investors! Call for additional details! Don't miss your opportunity to bring this well located six units to it's full potential! Low rents due to long term ownership! Three spacious two bedroom units, one large one bedroom and two studio units. Each unit has it's own outdoor space (deck or patio), on site parking for 10 cars and on site laundry and storage! Great location close to town, shops and transportation. Easy to show-owner motivated!

Last Agent to Sell the Property

Katherine Higgins

Berkshire Hathaway License #00942916 Listed on: 03/04/2022

Berkshire Hathaway

Last Buyer's Agent

Richard Tremante

Luxe Places International Real License #01070906

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,492 Sq Ft Lot
  • Landscaped

Property Views

  • Ridge
  • Mountain
  • Hills

Home Design

  • Bungalow
  • Concrete Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,650 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Storage
  • Leased Washer and Dryer

Kitchen

  • Free-Standing Gas Oven
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Utilities

  • No Cooling
  • Multiple Heating Units
  • Central Heating
  • Wall Furnace
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater
  • Internet Available
  • Cable TV Available
  • TV Antenna

Community Details

  • 6 Units
  • Laundry Facilities
  • Gross Income $140,340

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 011-103-17

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Interior Amenities: Storage Area(s)
  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: North on Lincoln to 1470 Lincoln Avenue, turn in driveway and parking at the rear of the property.
  • Lot Size Acres: 0.1720
  • Stories: 2
  • CapRate: 4.27
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Bungalow
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Free Standing Gas Oven, Free Standing Refrigerator, Gas Water Heater, Varies By Unit
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 547.95
  • Square Footage: 3650.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Landscape Front, Shape Regular, Sidewalk
  • Roof: Composition, Shingle
  • View: Hills, Mountains, Ridge, Varies By Unit

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 10.00

Utilities

  • Cooling: Ceiling Fan(s), None
  • Security Features: Fire Extinguisher, Secured Access, Security Lights, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Dish Antenna, Internet Available, Natural Gas Connected
  • Water Source: Public
  • Heating: Central, MultiUnits, Wall Furnace
  • Laundry Features: Coin Operated, In Common Area, Varies By Unit, Washer/Dryer Leased
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 011-103-17
  • Lot Size Sq Ft: 7492.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1930

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 1600-1800
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 1995-2950
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 3
  • Number of 2 Bedroom Units: 3
  • Number of Studio Units: 1
  • NumberOfUnitsTotal: 6
  • Number Studios Occupied: 1

Range of Values:

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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
10/28/2022 10/28/22 Sold $2,000,000 -4.8% $548 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
09/16/2022 09/16/22 Price Changed $2,100,000 -7.7% $575 / Sq Ft
07/21/2022 07/21/22 For Sale $2,275,000 +13.8% $623 / Sq Ft
07/12/2022 07/12/22 Off Market $2,000,000 -- --
07/07/2022 07/07/22 Price Changed $2,275,000 -9.0% $623 / Sq Ft
03/04/2022 03/04/22 For Sale $2,500,000 -- $685 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 322018522

Bay Area Real Estate Information Services (BAREIS)

APN: 011-103-17