NOT LISTED FOR SALE
58 Beds
-- Bath
30,424 Sq Ft
54,446 Sq Ft Lot

Sale Details

Date Sold: January 24, 2018

Last sale price $7,200,000 $237 Per Sq Ft

5 Days on Market

Highlights

  • 1.25 Acre Lot
  • Central Heating
  • Laundry Facilities
  • Santa Rosa High School Rated A-

About This Home

As of January 2018

Rare offering for this 32 unit complex located in the heart one of the North Bay's strongest rental markets. Walking distance to Coddingtown Mall, Whole Foods and the new SMART Train Station. Units consist of two 3 bed/2 bath flats; eight 2 bed/2 bath flats; eight 1 bed/1 bath flats; eight 2 bed/1 bath flats; and six 2 bed/1.5 bath townhouses. All units feature large, attractive floor-plans with balconies and/o patios. Value-add opportunity.

Last Agent to Sell the Property

David Rendino

RE/MAX Marketplace License #01252035 Listed on: 01/06/2018

RE/MAX Marketplace

Last Buyer's Agent

David Rendino

RE/MAX Marketplace License #01252035 Listed on: 01/06/2018

RE/MAX Marketplace

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1971

Lot Details

  • 1.25

Parking

  • Carport

Home Design

  • 30,424 Sq Ft Home
  • Slab Foundation
  • Tar and Gravel Roof

Laundry

  • Leased Washer and Dryer

Utilities

  • Central Heating
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 012-440-030-000

Community Details

Overview

  • 4 Buildings
  • 32 Units

Additional Features

  • Laundry Facilities
  • Gross Income $552,240

Property Details

Home Type

Condominium

Year Built

Built in 1971

Lot Details

1.25 Acres

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Flats
  • Directions To Property: Cleveland Ave to Jennings to Herbert
  • Lot Size Acres: 1.2499
  • CapRate: 5.50
  • Actual or Scheduled: Scheduled
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 236.66
  • Square Footage: 30424
  • NumberOfBuildings: 4

Exterior Features

  • Foundation: Slab
  • Lot Features: Shape Regular, CITY
  • Roof: Other, Tar/Gravel

Garage/Parking

  • Parking Features: Carport, Covered

Utilities

  • Sewer: Public Sewer
  • Utilities: PGEE
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Leased
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 012-440-030-000
  • Lot Size Sq Ft: 54445

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1971

Multi Family

  • One Bedroom Annual Occupancy: 87
  • 1 Bedroom Rent Range: 1,005-1,250
  • Two Bedroom Annual Occupancy: 91
  • Two Bedroom Rent Range: 1,325-1,500
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: 1,600-1,985
  • Number Of1 Bedrooms Occupied: 1
  • Number of 1 Bedroom Units: 8
  • Number Of2 Bedrooms Occupied: 20
  • Number Of3 Bedrooms Occupied: 2
  • Number of 3 Bedroom Units: 2
  • NumberOfUnitsTotal: 32
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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 List to Sale Price per Sq Ft
01/24/2018 01/24/18 Sold $7,200,000 0.0% $237 / Sq Ft
01/11/2018 01/11/18 Pending -- -- --
01/06/2018 01/06/18 For Sale $7,200,000 -- $237 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $92,843 $7,906,800 $2,244,000 $5,662,800
2024 $92,843 $8,079,732 $2,454,139 $5,625,593
2023 $92,843 $7,887,048 $2,406,019 $5,481,029
2022 $85,358 $7,732,652 $2,358,843 $5,373,809
2021 $84,341 $7,582,564 $2,312,592 $5,269,972
2020 $84,137 $7,503,680 $2,288,880 $5,214,800
2019 $83,703 $7,356,800 $2,244,000 $5,112,800
2018 $65,890 $5,700,807 $1,249,572 $4,451,235
2017 $64,855 $5,601,818 $1,225,071 $4,376,747
2016 $64,533 $4,812,800 $1,200,000 $3,612,800
2015 $55,726 $4,112,800 $1,100,000 $3,012,800
2014 $45,654 $4,112,800 $1,100,000 $3,012,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21800198

Bay Area Real Estate Information Services (BAREIS)
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