NOT LISTED FOR SALE

1838 8th Ave Olivehurst, CA 95961

4 Beds
2 Baths
1,400 Sq Ft
0.31 Acres

Last Sold October 31, 2022

Last sale price $250,000 $179 Per Sq Ft

45 Days on Market

Highlights

  • City View
  • Fenced Yard
  • Tile Flooring
  • No HOA
  • Double Pane Windows
  • 2 Car Garage

About This Home

As of October 2022

Sweet Sweat Equity! Very solid sweat equity opportunity here this duplex has outstanding upside potential. This duplex is sitting on a large lot with possible ADU or addition possibility based on the zoning. The property has a mostly stucco exterior and the roof on the duplex was replaced with a 50-year not too long ago. It also has dual pane windows. Each unit is 2-bedroom, 1 bathroom with laundry hookup in each bathroom. The right-hand side unit also has a 2-car garage. Both units have window air conditioners and wall furnace. If you can see beyond the clutter and cosmetic repairs needed there is some great upside here. Please review attached pest report and whole house inspection. The roof over the garage will need some minor repairs. The Rents are well below market. Our research shows an average rent in the neighborhood for a 2-bedroom 1 bath is $1320 per unit. Current GRM 12.38. Proforma GRM 10.25!!

Last Agent to Sell the Property

Ron Benning

LPT Realty, Inc License #01058898 Listed on: 08/13/2022

LPT Realty, Inc

Last Buyer's Agent

Antonio Rubio

Better Homes Realty License #01472558

Better Homes Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.31 Acre Lot
  • Fenced Yard
  • Level Lot

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces

Home Design

  • Duplex
  • Garden Apartment
  • Fixer Upper
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • City Views
  • Built-In Gas Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 013-180-049-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Garden Apartments
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1963
  • Architectural Style: Ranch
  • Levels: One
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Gas Range
  • Flooring: Carpet, Tile
  • Price Per Square Foot: 178.57
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco, Frame, Wood
  • Disclosures/Documents: Structural Pest Control Report
  • Exterior Features: Fenced Yard
  • Foundation: Slab
  • Listing Price: 275000.00
  • Lot Features: Shape Regular
  • Property Condition: Fixer
  • Roof: Composition
  • Topography: Level
  • View Description: City

Garage/Parking

  • Open Parking Spaces: 6.00
  • Covered Parking Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking Features: Garage
  • Total Parking Spaces: 8.00
  • Independent Parking Spaces: 3

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: City
  • Cooling: Window Unit(s), Varies by Unit
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Marysville Joint

Lot Info

  • Zoning Description: R-02
  • Irrigation: None
  • Lot Size Acres: 0.3142
  • Lot Dimensions: 108x125x109x127
  • Lot Size Sq Ft: 13687.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None
  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 2
  • Gross Income Multiplier: 12.380
  • Two Bedroom Rent Range: $870-$985

Tax Info

  • Assessor Parcel Number: 013-180-049-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Yuba

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $250,000 -9.1% $179 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/02/2022 09/02/22 For Sale $275,000 0.0% $196 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/13/2022 08/13/22 For Sale $275,000 -- $196 / 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: 222108002

MetroList