NOT LISTED FOR SALE

Estimated Value: $819,000 - $884,000

8 Beds
4 Baths
2,680 Sq Ft
$319/Sq Ft Est. Value

Last Sold August 17, 2024

Last sale price $885,000 $330 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,417/month

Highlights

  • No HOA
  • Wood Siding
  • Heating Available
  • Cooling Available

About This Home

As of August 2024

This 4plex presents a lucrative opportunity for those seeking a steady stream of rental income. All units are 670 SQFT, 2 bedrooms, 1 bath, a living room, & full kitchen complete W refrigerators. Currently, 2 units are rented below market value at $1,650, while 1 unit is rented $1,850 per month & 1 Vacant Renovated Unit. The property also boasts covered parking, providing added convenience & appeal to potential tenants. Noteworthy is that the tenants are responsible for their own PGE bills, the landlord covers water & garbage expenses. Recent exterior painting & landscaping enhancements have refreshed the property's curb appeal. Situated with easy access to Highway 4 & close to shopping, this location offers convenience for residents and potential renters alike. Investing in this property brings numerous benefits, including capitalizing on depreciation, tenants contributing to debt & principal pay-down, & the potential for rent increases to boost income and cash flow. Additionally, consider the advantages of a 1031 exchange, leveraging this asset to gain valuable landlord experience & eventually transitioning equity into higher-grade property classes over time. Don't miss out on this opportunity to enhance your investment portfolio & secure long-term financial growth! Call Today!

Last Agent to Sell the Property

Rohit Pathak

Pacific Realty Partners License #01882271 Listed on: 08/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,671

Year Built

  • Built in 1987

Lot Details

  • 5,000 Sq Ft Lot
  • Irregular Lot

Parking

  • Assigned Parking

Home Design

  • Quadruplex
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 2,680 Sq Ft Building
  • Bay East Association

Listing and Financial Details

  • Assessor Parcel Number 0685140089

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,671

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Year Built: 1987
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Directions: E 18th St to Cavallo
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Flooring: Other
  • Basement: None
  • Appliances: Gas Water Heater
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Irregular Lot
  • Construction Type: Stucco, Wood Siding
  • Exterior Features: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned

Utilities

  • Heating: Other
  • Cooling: Other
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5000
  • Parcel Number: 0685140089
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Oct 1, 2024
Sold by
Sanghera Satnam and Chahal Kuldip
Bought by
2004 Group Llc
Seller's Agent
Rohit Pathak
Pacific Realty Partners
Buyer's Agent
Rohit Pathak
Pacific Realty Partners
List Price
$885,000
Sold Price
$885,000
Current Estimated Value
$853,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,053
Avg. Annual Appreciation
-3.03%
Original Mortgage
$663,750
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2024
Closed on
Aug 15, 2024
Sold by
Bay Area Executive Re & Development Grou
Bought by
Sanghera Satnam and Chahal Kuldip
Seller's Agent
Rohit Pathak
Pacific Realty Partners
Buyer's Agent
Rohit Pathak
Pacific Realty Partners
List Price
$885,000
Sold Price
$885,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,750
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2023
Sold by
Sidhu Kulwinder S
Bought by
Bay Area Executive Re & Development Group Inc

Purchase Details

Closed on
Aug 11, 2013
Sold by
Sidhu Sandeep K
Bought by
Sidhu Kulwinder S

Purchase Details

Closed on
Dec 9, 2005
Sold by
Harris Lloyd
Bought by
Sidhu Kulwinder S and Sidhu Sandeep K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 6, 2005
Sold by
Johnson Charles S and Scovill Glenda A
Bought by
Harris Lloyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 19, 1999
Sold by
Johnson Arma Jean
Bought by
Johnson Arma Jean

Purchase Details

Closed on
Mar 16, 1999
Sold by
Loza Jose
Bought by
Johnson Arma Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Loza Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 1997
Sold by
Klute Kelly D and Klute Kim K
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 24, 1994
Sold by
Home Svgs Of America
Bought by
Klute Kelly D and Klute Kim Koppenhaver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
2004 Group Llc -- None Listed On Document
Sanghera Satnam $885,000 Orange Coast Title
Chahal Kuldip -- Orange Coast Title
Sanghera Satnam -- Orange Coast Title
Bay Area Executive Re & Development Group Inc $770,000 Orange Coast Title Company
Sidhu Kulwinder S -- None Available
Sidhu Kulwinder S $750,000 Ticor Title Company
Harris Lloyd -- Ticor Title Company
Johnson Arma Jean -- --
Johnson Arma Jean $175,000 Old Republic Title Company
Loza Jose $130,000 North American Title Co
Federal Home Loan Mortgage Corporation $135,000 First American Title Ins Co
Klute Kelly D $183,000 North American Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chahal Kuldip $663,750
Previous Owner Sidhu Kulwinder S $486,000
Previous Owner Johnson Arma Jean $140,000
Previous Owner Loza Jose $91,000
Previous Owner Klute Kelly D $146,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $885,000 -- --
08/17/2024 08/17/24 Sold $885,000 0.0% $330 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $885,000 -- $330 / Sq Ft
Source: Bay East Association of REALTORS®

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 $10,671 $885,000 $350,000 $535,000
2024 $11,430 $770,000 $275,000 $495,000
2023 $11,430 $850,000 $260,000 $590,000
2022 $12,012 $900,000 $315,000 $585,000
2021 $9,542 $700,000 $233,300 $466,700
2019 $8,023 $560,000 $200,000 $360,000
2018 $7,415 $520,000 $173,300 $346,700
2017 $7,096 $500,000 $166,600 $333,400
2016 $6,802 $480,000 $159,900 $320,100
2015 $5,571 $372,000 $123,900 $248,100
2014 $5,331 $360,000 $119,900 $240,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 41070195

Bay East Association of REALTORS®

APN: 068-514-008-9