NOT LISTED FOR SALE

Estimated Value: $850,000 - $950,000

8 Beds
4 Baths
2,680 Sq Ft
$329/Sq Ft Est. Value

Sale Details

Date Sold: August 17, 2024

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

Est. 2% increase in value since last sale

Current estimated payment $5,861 / mo

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

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

Year Built

Built in 1987

Lot Details

5,000 Sq Ft Lot

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

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

Listed on
Aug 16, 2024
Closed on
Oct 1, 2024
Sold by
Bought by
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
$898,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,324
Avg. Annual Appreciation
-0.20%
Original Mortgage
$663,750
Interest Rate
0.0695%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2024
Closed on
Aug 15, 2024
Sold by
Bought by
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
0.0695%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2023
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 9, 2005
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
$486,000
Interest Rate
0.0631%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 6, 2005
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
$486,000
Interest Rate
0.0631%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 19, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 1997
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- None Listed On Document
-- Orange Coast Title
-- Orange Coast Title
$885,000 Orange Coast Title
$770,000 Orange Coast Title Company
-- None Available
$750,000 Ticor Title Company
-- Ticor Title Company
-- --
$175,000 Old Republic Title Company
$130,000 North American Title Co
$135,000 First American Title Ins Co
$183,000 North American Title Co Inc
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
Closed $663,750
Closed $446,000
Closed $486,000
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
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

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
2025 $12,110 $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

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