NOT LISTED FOR SALE

1784 8th Ave Olivehurst, CA 95961

16 Beds
8 Baths
700 Sq Ft
0.5 Acres

Last Sold July 19, 2021

Last sale price $1,350,000 $1,929 Per Sq Ft

56 Days on Market

Highlights

  • New Construction
  • No HOA
  • Central Heating and Cooling System
  • 0.5 Acre Lot
  • Double Pane Windows
  • Carpet

About This Home

As of July 2021

Great Investment Opportunity! FOUR Duplexes, EIGHT DOORS! All low maintenance, all rented.... 6 of the units are NEW CONSTRUCTION and the existing unit was remodeled. The new buildings have owned solar, stucco exterior, composition roof, new fences, 16 open parking spaces (2 for each unit), open floor plans with granite counters, electric range, new appliances and water heaters, HVAC's, laminate floors, carpet, and fixtures. Each unit has stacked washer and dryer.

Last Agent to Sell the Property

Paul Boudier

Keller Williams Realty License #01179722 Listed on: 03/24/2021

Keller Williams Realty

Last Buyer's Agent

Adrian Del Rio

PCG Commercial, Inc License #01431059

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions: 68

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Laundry in unit

Flooring

  • Carpet
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 16 Parking Spaces
  • 16 Open Parking Spaces

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Property is located within a water district
  • Water Heater

Listing and Financial Details

  • Security Deposit $10,000
  • Assessor Parcel Number 013-180-007

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units
  • 8 Units 4 Duplexes Community
  • New Construction Subdivision

Building Details

  • 8 Leased Units
  • Insurance Expense $2,500
  • Maintenance Expense $1,000
  • Operating Expense $8,780
  • Net Operating Income $100,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,000

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Flats
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 2020
  • Architectural Style: Ranch
  • Levels: One
  • Stories: 1
  • Subdivision: New Construction
  • Number of Two Bedroom Units: 8
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco
  • Disclosures/Documents: Preliminary Title Report, CC&Rs
  • Foundation: Slab
  • Listing Price: 1325000.00
  • Lot Features: Curb(s), Other
  • Patio And Porch Features: See Remarks
  • Property Condition: New Construction
  • Roof: Composition
  • View Description: Other

Garage/Parking

  • Open Parking Spaces: 16
  • Building Name: 8 Units 4 duplexes
  • Parking Features: Open, See Remarks
  • Total Parking Spaces: 16

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected
  • Utilities: All Electric
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: In Each Unit
  • Water Source: Water District
  • Utilities Expenses: 5280
  • Separate Meters: Varies by Unit

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Marysville Joint

Lot Info

  • Zoning Description: Duplex
  • Irrigation: Public District
  • Lot Size Acres: 0.5000
  • Lot Dimensions: 68 x 293 x 72 x 292
  • Lot Size Sq Ft: 21780

Rental Info

  • Total Deposit: 10000
  • Lease Term: 12 Months
  • Lease Deposit: 10000
  • Total # Leasable: 8

Multi Family

  • Gross Income: 120840
  • Operating Expense: 8780
  • Income Includes: See Remarks
  • Existing Lease Type: See Remarks, Other
  • Insurance Expense: 2500
  • Maintenance Expense: 1000
  • Number of Leased Units: 8
  • Number of Units: 8
  • Two Bedrooms Occupied: 8
  • Gross Income Multiplier: 9.000
  • 1 Bedroom Rent Range: 0
  • Two Bedroom Rent Range: 1135 -1300
  • Three Bedroom Rent Range: 0
  • Four Bedroom Rent Range: 0
  • Studio Rent Range: 0

Tax Info

  • Assessor Parcel Number: 013-180-007
  • Current RE Taxes: 10000
  • County Transfer Tax Rate: 1.10
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Yuba

Range of Values:

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Sold Price
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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
07/19/2021 07/19/21 Sold $1,350,000 +1.9% $1,929 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $1,325,000 +1080.9% $1,893 / Sq Ft
04/27/2020 04/27/20 Sold $112,200 +12.3% $80 / Sq Ft
04/05/2020 04/05/20 Pending -- -- --
03/14/2020 03/14/20 For Sale $99,900 -- $71 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221024139

MetroList