NOT LISTED FOR SALE
11 Beds
8 Baths
6,122 Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: November 2, 2017

Last sale price $498,000 $81 Per Sq Ft

8 Days on Market

About This Home

As of November 2017

*** SUPER RARE!!!*** 7 UNITS WELL MAINTAINED AND PROFESSIONALLY MANAGED GEM! 3 STAND ALONE BUILDINGS 2 DUPLEX.

Last Agent to Sell the Property

Leonard Hsu

Imax Realty & Mortgage Inc. License #01872881 Listed on: 07/20/2017

Last Buyer's Agent

Armando Diaz

Soldavi Inc. License #01496803

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1937

Lot Details

  • 19,201 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 6,122 Sq Ft Home

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in unit

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 031084012000

Community Details

Overview

  • 5 Buildings
  • 7 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,570
  • Pest Control $135
  • Professional Management Expense $4,036
  • Trash Expense $2,500
  • Water Sewer Expense $5,500
  • New Taxes Expense $6,250
  • Operating Expense $22,191
  • Net Operating Income $37,460

Property Details

Home Type

Apartment

Year Built

Built in 1937

Lot Details

0.44 Acres

Listing Details

  • Professional Management Expense: 4036.00
  • Property Attached: No
  • Road Surface Type: Maintained
  • Water Sewer Expenses: 5500.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 031084012000
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 81.35

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Pest Control Expense: 135.00
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 19201.00

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 1200 Square Feet
  • Gross Multiplier: 9.90
  • Gross Scheduled Income: 50460.00
  • Insurance Expense: 2570.00
  • Net Operating Income: 37460.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 13000.00
  • Rent Control: No
  • Total Actual Rent: 4205.00
  • Total Expenses: 22191.00

Tax Info

  • New Taxes Expense: 6250.00

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
Apr 7, 2023
Sold by
Bought by

Purchase Details

Listed on
Jul 20, 2017
Closed on
Oct 25, 2017
Seller's Agent
Leonard Hsu
Imax Realty & Mortgage Inc.
Buyer's Agent
Armando Diaz
Soldavi Inc.
List Price
$499,990
Sold Price
$498,000
Premium/Discount to List
-$1,990
-0.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
0.0383%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2017

Purchase Details

Closed on
Aug 2, 2017

Purchase Details

Closed on
Apr 27, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2004
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2003
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
$225,000
Interest Rate
0.0587%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 8, 1999
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
$200,000
Interest Rate
0.071%
Mortgage Type
Seller Take Back
Source: Public Records
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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
-- --
$498,000 Chicago Title Company Merced
-- Chicago Title Company Merced
-- Chicago Title Company Merced
$130,000 None Available
$549,737 Servicelink
-- Fidelity National Title Comp
-- --
-- Transcounty Title Company
$295,000 Chicago Title Co
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 $340,000
Closed $500,000
Closed $225,000
Closed $200,000
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
11/02/2017 11/02/17 Sold $498,000 -0.4% $81 / Sq Ft
07/20/2017 07/20/17 For Sale $499,990 -- $82 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,955 $566,863 $108,091 $458,772
2024 $5,955 $555,773 $105,972 $449,801
2023 $5,873 $544,973 $103,895 $441,078
2022 $5,797 $534,264 $101,858 $432,406
2021 $5,783 $523,865 $99,861 $424,004
2020 $5,830 $518,589 $98,838 $419,751
2019 $5,746 $508,686 $96,900 $411,786
2018 $5,242 $498,660 $95,000 $403,660
2017 $4,394 $394,635 $84,602 $310,033
2016 $4,327 $387,043 $82,944 $304,099
2015 $4,262 $381,595 $81,699 $299,896
2014 $4,169 $374,034 $80,099 $293,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17166391

California Regional Multiple Listing Service (CRMLS)

APN: 031-084-012

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