NOT LISTED FOR SALE
7 Beds
4 Baths
11,200 Sq Ft
0.48 Acre Lot

Sale Details

Date Sold: August 4, 2014

Last sale price $710,000 $63 Per Sq Ft

420 Days on Market

Highlights

  • Fishing
  • No HOA
  • Laundry Facilities
  • 0.48 Acre Lot
  • Foothills
  • Carpet

About This Home

As of August 2014

Great opportunity for your investors. 18 Unit apartment complex.. Clean and well maintained shows very well. Located close to a park, river and shopping. The complex at the time of listing has only to vacancies. There is a resident manager on site plus a laundry room. The complex has three separate buildings. Plenty of parking and a grass area for kids to play. All income and expenses are estimates. They can vary with vacancies. Units have wall heater and a separate wall A/C. Currently is being managed by Peebles Property Management. Rent income shown is for 15 of the units rented. 1 of the apartments has the resident manager her rent is waived for her managing the apartments. There is a parking lot plus off street parking. There apre two parcels address 1877 6th Ave ap # 012-184-006 is also included. Apartments recently appraised for $775,000.

Last Agent to Sell the Property

Cindy Peebles

eXp Realty of California Inc License #01178181 Listed on: 04/17/2013

eXp Realty of California Inc

Co-Listed By

Trisha Atehortua

eXp Realty of California Inc License #01894015

Last Buyer's Agent

Tara Anderson

Ballou Company License #01860993

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 20,909 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 11,200 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 18 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 012184007000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 18 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Fishing

Building Details

  • 16 Leased Units
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $420
  • Gardener Expense $1,920
  • Insurance Expense $2,650
  • Maintenance Expense $3,000
  • Pest Control $1,080
  • Professional Management Expense $7,400
  • Trash Expense $4,128
  • Water Sewer Expense $3,372
  • New Taxes Expense $13,957
  • Gross Income $9,330
  • Net Operating Income $5,517

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.48 Acres

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 7400.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3372.00
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 012184007000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 63.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1080.00
  • Trash Expense: 4128.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Sewer, Trash
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Lot Size Sq Ft: 20909.00
  • Lot Size Acres: 0.4800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 420.00
  • Gross Income: 9330.00
  • Gross Scheduled Income: 9330.00
  • Insurance Expense: 2650.00
  • Lot Size Area: 20909.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 5517.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 16
  • Number Of Units Total: 18
  • Number With Range: 18
  • Operating Expense: 3813.00
  • Rent Control: No
  • Total Actual Rent: 9330.00
  • Vacancy Allowance Rate: 9.00
  • Waterfront Features: Fishing in Community

Tax Info

  • New Taxes Expense: 13957.00
  • Tax Year: 2011

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
Apr 17, 2013
Closed on
Jul 23, 2014
Sold by
Bought by
Seller's Agent
Cindy Peebles
eXp Realty of California Inc
Buyer's Agent
Tara Anderson
Ballou Company
List Price
$795,000
Sold Price
$710,000
Premium/Discount to List
-$85,000
-10.69%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$710,000 Fidelity Natl Title Co Of Ca
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
Previous Owner $150,000
Previous Owner $125,000
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
08/04/2014 08/04/14 Sold $710,000 -10.7% $63 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
04/17/2013 04/17/13 For Sale $795,000 -- $71 / 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
2026 $17,401 $770,494 $61,290 $709,204
2025 $17,401 $755,544 $60,089 $695,455
2024 $16,802 $732,887 $58,911 $673,976
2023 $17,255 $726,517 $57,756 $668,761
2022 $16,217 $712,429 $56,624 $655,805
2021 $15,748 $698,617 $55,514 $643,103
2020 $14,983 $691,536 $54,945 $636,591
2019 $14,863 $678,134 $53,868 $624,266
2018 $14,386 $664,995 $52,812 $612,183
2017 $14,143 $652,114 $51,777 $600,337
2016 $13,945 $639,485 $50,762 $588,723
2015 $13,371 $630,000 $50,000 $580,000
2014 $12,991 $652,392 $66,137 $586,255
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR13069148

California Regional Multiple Listing Service (CRMLS)
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