NOT LISTED FOR SALE
3 Beds
2 Baths
1,310 Sq Ft
1.82 Acre Lot

Sale Details

Date Sold: December 7, 2016

Last sale price $5,300,000 $4,046 Per Sq Ft

27 Days on Market

About This Home

As of December 2016

76 units in two separate buildings, 47 1bd & 29 2bd. Property is gated, with onsite mgmt office, pool and coin laundry. Great oppty to own a property with upside potential. Located in Arden-Arcade area, with easy access to Hwy 80 & downtown Sacramento.

Last Agent to Sell the Property

Ann Leu

Leu Real Estate License #01768867 Listed on: 08/23/2016

Co-Listed By

Susan Leu

Leu Real Estate License #01857140

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1.82 Acre Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Window Treatments

Parking

  • 56 Open Parking Spaces
  • 1 Parking Space Included
  • 20 Covered Spaces

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 278-0250-014-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 76 Units

Building Details

  • 12 Leased Units
  • 7 Vacant Units
  • 57 Units Leased Month-To-Month
  • Operating Expense $277,037

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

1.82 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1963
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Refrigerator
  • Flooring: Carpet,Laminate,Linoleum/Vinyl
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 5500000.00
  • Patio And Porch Features: Enclosed Patio,Uncovered Deck,Uncovered Patio,Varies by Unit
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 56
  • Covered Parking Spaces: 20
  • Parking Features: Carport,Open,Varies by Unit,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Secured Access,Smoke Detector,Unguarded Gate
  • Cooling: Ceiling Fan(s),Wall Unit(s)
  • Heating: Natural Gas,Wall Furnace

Condo/Co-op/Association

  • Association Features: Manager's Office,Patios/Balcony,Pool,Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning Description: RD30
  • Lot Size Acres: 1.8200
  • Lot Size Sq Ft: 79279

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 76

Multi Family

  • Operating Expense: 277037
  • Income Includes: Rent Only
  • Number of Leased Units: 12
  • Number of Month to Month Units: 57
  • Number of Units: 76
  • Number of Vacant Units: 7
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 278-0250-014-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Outstanding Balance
$2,748,113
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 23, 2016
Closed on
Dec 5, 2016
Sold by
Bought by
Seller's Agent
Ann Leu
Leu Real Estate
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$5,500,000
Sold Price
$5,300,000
Premium/Discount to List
-$200,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,850,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
-- Chicago Title Company
$5,300,000 Old Republic Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,500,000
Previous Owner $4,850,000
Previous Owner $1,800,000
Previous Owner $1,910,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/07/2016 12/07/16 Sold $5,300,000 -3.6% $4,046 / Sq Ft
09/19/2016 09/19/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $5,500,000 -- $4,198 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $76,528 $6,274,120 $1,716,503 $4,557,617
2025 $76,528 $6,151,099 $1,682,847 $4,468,252
2024 $74,805 $6,030,490 $1,649,850 $4,380,640
2023 $72,918 $5,912,246 $1,617,500 $4,294,746
2022 $72,506 $5,796,321 $1,585,785 $4,210,536
2021 $71,298 $5,682,669 $1,554,692 $4,127,977
2020 $69,964 $5,624,401 $1,538,751 $4,085,650
2019 $68,558 $5,514,120 $1,508,580 $4,005,540
2018 $67,646 $5,406,000 $1,479,000 $3,927,000
2017 $67,085 $5,300,000 $1,450,000 $3,850,000
2016 $45,348 $3,725,344 $531,051 $3,194,293
2015 $44,580 $3,669,387 $523,075 $3,146,312
2014 $43,665 $3,597,510 $512,829 $3,084,681
Source: Public Records

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Map

Source: MetroList

MLS Number: 16055661

MetroList
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