NOT LISTED FOR SALE

Estimated Value: $766,000 - $964,000

-- Bed
2 Baths
1,656 Sq Ft
$531/Sq Ft Est. Value

Last Sold August 26, 2015

Last sale price $638,000 $385 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,584/month

15 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Forced Air Heating System

About This Home

As of August 2015

Great investment for a turn key 2-unit fully rented property. Building includes 2 825s.f. 2bed 1bath split-level units, each with 1-car garage parking, and a bonus room under main floor. Location is convenient to the 880-238 interchange and downtown San Lorenzo, 2.6 miles from BART, and a short distance to Marina Park. Centrally located and close to all major freeways. Private laundry on site. Currently occupied with established, good quality tenants that have long maintained their spaces in good condition.

Last Agent to Sell the Property

Rosemarie Figueroa

Rosemarie Figueroa, Broker License #01107615 Listed on: 07/22/2015

Last Buyer's Agent

Zhiyi Huang

Bay Home Investments & Loans License #01252433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,947

Year Built

  • 1960

Lot Details

  • 5,706 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Permanent Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,656 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $2,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $840
  • Operating Expense $5,800
  • Gross Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,947

Year Built

1960

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Age: 55
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1656
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 1656
  • Stories: 2
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Block, Permanent
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Floor Furnace, Forced Air
  • Sewer/Septic System: Sewer In Street

Schools

  • School District: San Leandro Unified

Lot Info

  • Lot Acres: 0.1310
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5684.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5684.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 230.77
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 840
  • Expenses Total: 5800
  • Income Annual Gross: 2600.00
  • Income Annual Rental: 2600
  • Income Gross Scheduled: 2600
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Loan - Mortgage, Loan - Principle & Interest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2015
Closed on
Aug 11, 2015
Sold by
Louie Edward T N
Bought by
Su Zhao Wen and Zhong Guangman
Seller's Agent
Rosemarie Figueroa
Rosemarie Figueroa, Broker
Buyer's Agent
Zhiyi Huang
Bay Home Investments & Loans
List Price
$600,000
Sold Price
$638,000
Premium/Discount to List
$38,000
6.33%
Current Estimated Value
$879,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,381
Avg. Annual Appreciation
3.25%
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
Su Zhao Wen $645,000 Old Republic Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2015 08/26/15 Sold $638,000 +6.3% $385 / Sq Ft
08/06/2015 08/06/15 Pending -- -- --
07/22/2015 07/22/15 For Sale $600,000 -- $362 / Sq Ft
Source: MLSListings

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 $9,947 $763,531 $229,059 $534,472
2024 $9,947 $748,560 $224,568 $523,992
2023 $9,916 $733,887 $220,166 $513,721
2022 $9,753 $719,497 $215,849 $503,648
2021 $9,471 $705,390 $211,617 $493,773
2020 $9,491 $698,160 $209,448 $488,712
2019 $9,253 $684,473 $205,342 $479,131
2018 $8,775 $671,057 $201,317 $469,740
2017 $8,365 $657,900 $197,370 $460,530
2016 $8,169 $645,000 $193,500 $451,500
2015 $5,044 $374,577 $112,420 $262,157
2014 $4,960 $367,240 $110,218 $257,022
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81486471

MLSListings

APN: 080H-1588-007-02