NOT LISTED FOR SALE

Estimated Value: $1,268,000 - $1,328,749

8 Beds
8 Baths
3,200 Sq Ft
$406/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $1,290,000 $403 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,202/month

79 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Central Heating and Cooling System
  • Birch Lane Elementary School Rated A
  • Double Pane Windows
  • 4-minute walk to Chestnut Park

About This Home

As of July 2021

Spectacular fourplex steps from the Downtown, UC Davis and shopping plaza, bus stand in front of building! Great investment opportunity with many updates, over 150 K spent on updates. It will not last long! All four units are 2 bedrooms, 1 and 1/2 baths. New waterproof laminate flooring, new granite countertops, new carpeting, stainless steel sinks, full dual paned windows, new backyard landscaping, new side fence, interior paint, exterior paint, new roofing last year and more. Private parking in front of building. This income property is a great investment for a 1031 exchange or UC Davis student, or owner occupant to live in one unit and you can rent the other. Wonderful proximity for easy living especially with Coop Market, downtown restaurants, farmer market, parks and shopping. You cannot go wrong with this purchase, Fully rented, rent is $ 1575 each unit (lease terms to August.2021) and can potentially go up to 1700. NO HOA.

Last Agent to Sell the Property

Steve Lederman

Your Advantage Realty License #00791017 Listed on: 02/25/2021

Last Buyer's Agent

Laura Tang

FORMALITY REAL ESTATE License #01325528

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,998 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Treatments
  • Electric Cooktop
  • Laundry in unit

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Wall Furnace
  • 220 Volts
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 070-513-032-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1961
  • Architectural Style: Contemporary
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Cook Top, Varies By Unit
  • Flooring: Carpet, Laminate, Vinyl, Linoleum
  • Window Features: Dual Pane Full, Dual Pane Partial, Window Coverings

Exterior Features

  • Construction Materials: Stucco, Frame, Wood
  • Disclosures/Documents: CC&Rs, Rental/Lease Agreement(s)
  • Foundation: Slab
  • Listing Price: 1375000.00
  • Lot Features: None, Other
  • Roof: Flat, Tile
  • Topography: Level

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Internet Available
  • Cooling: Ceiling Fan(s), Central, Window Unit(s)
  • Electric: 220 Volts
  • Heating: Central, Wall Furnace
  • Laundry Features: In Each Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Davis Unified

Lot Info

  • Zoning Description: R-3
  • Irrigation: None
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 5998.00
  • ResoLotSizeUnits: Acres

Green Features

  • Energy Efficient: Windows

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 070-513-032-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Yolo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2022
Sold by
Wong and Aici
Bought by
Wong-Kuang Family Trust
Current Estimated Value
$1,298,375

Purchase Details

Listed on
Feb 25, 2021
Closed on
Jul 9, 2021
Sold by
Singh Rajwant and Kaur Gurminder
Bought by
Wong Jimmy and Kuang Aici
Seller's Agent
Steve Lederman
Your Advantage Realty
Buyer's Agent
Laura Tang
FORMALITY REAL ESTATE
List Price
$575,000
Sold Price
$1,290,000
Premium/Discount to List
$715,000
124.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.15%
Original Mortgage
$765,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2018
Closed on
Feb 13, 2018
Sold by
David Wate Removal Co Inc
Bought by
Singh Rajwant and Kaur Gurminder
Seller's Agent
Kim Eichorn
Windermere Signature Properties Davis
Buyer's Agent
Joe Kaplan
RE/MAX Gold Davis
List Price
$899,000
Sold Price
$960,000
Premium/Discount to List
$61,000
6.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$720,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 1994
Sold by
Davis Waste Removal Co Inc
Bought by
Davis Waste Removal Co Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wong-Kuang Family Trust -- Bromley Law Group
Wong Jimmy $1,290,000 Fidelity Natl Ttl Co Of Ca
Singh Rajwant $960,000 Placer Title Co
Davis Waste Removal Co Inc $102,963 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Jimmy $765,000
Previous Owner Singh Rajwant $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2021 07/13/21 Sold $1,290,000 +124.3% $403 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $575,000 -40.1% $180 / Sq Ft
02/20/2018 02/20/18 Sold $960,000 +6.8% $300 / Sq Ft View Prior Sale
01/21/2018 01/21/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $899,000 -- $281 / Sq Ft
Source: MetroList

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 $16,797 $1,370,245 $424,483 $945,762
2023 $16,797 $1,316,600 $408,000 $908,600
2022 $16,123 $1,290,800 $400,000 $890,800
2021 $12,992 $1,009,930 $404,703 $605,227
2020 $12,790 $999,584 $400,554 $599,030
2019 $12,365 $979,650 $392,700 $586,950
2018 $4,695 $298,629 $76,752 $221,877
2017 $4,593 $292,784 $75,248 $217,536
2016 $4,716 $287,053 $73,773 $213,280
2015 $4,563 $282,749 $72,665 $210,084
2014 $4,563 $277,220 $71,242 $205,978
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221010522

MetroList

APN: 070-513-032-000