NOT LISTED FOR SALE

1874 Grand Ave Sacramento, CA 95838

East Del Paso Heights Neighborhood

Estimated Value: $571,000 - $680,000

6 Beds
4 Baths
2,150 Sq Ft
$296/Sq Ft Est. Value

Last Sold July 16, 2019

Last sale price $430,000 $200 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,948/month

17 Days on Market

About This Home

As of July 2019

Fantastic Income opportunity on well maintained 4 plex fully rented with 3 longterm leases and one longterm renter with month to month in place. Separate power meters, Utility Room that can easily have coin operated washer/dryers added for extra income (washer/dryer hookups already in place), Security lights, large storage container on site with two locking doors, could rent these for additional income as well. Have your agent contact listing agents for additional details. Please do not disturb the tenants!

Last Agent to Sell the Property

Colby Culbertson

eXp Realty of California Inc. License #01439112 Listed on: 04/13/2019

eXp Realty of California Inc.

Co-Listed By

Samantha Gray

eXp Realty of California Inc. License #01917133

Last Buyer's Agent

Jameel Batshon

Century 21 RE Alliance License #01444446

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,718

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Dishwasher

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable tv electricity gas sewer trash collection water
  • Assessor Parcel Number 252-0122-003-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Operating Expense $6,307
  • Net Operating Income $30,293

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,718

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1950
  • Stories: 1
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Laminate

Exterior Features

  • Construction Materials: Brick,Shingle Siding,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Foundation: Slab
  • Listing Price: 489000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Extra Storage
  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R4
  • Lot Size Acres: 0.1500
  • Lot Size Sq Ft: 6534

Rental Info

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

Multi Family

  • Gross Income: 3050
  • Operating Expense: 6307
  • Income Includes: See Remarks
  • Number of Leased Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 252-0122-003-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2020
Sold by
Batshon Jameel Naser and Batshon Henriett Hanna
Bought by
Batshon Jamesnaser and Batshon Henriett Hanna
Current Estimated Value
$637,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Outstanding Balance
$295,928
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$330,079

Purchase Details

Listed on
Apr 13, 2019
Closed on
Jul 9, 2019
Sold by
Foundation Pacific Llc
Bought by
Batshon Jameel Naser and Batshon Henriett Hanna
Seller's Agent
Colby Culbertson
eXp Realty of California Inc.
Buyer's Agent
Jameel Batshon
Century 21 RE Alliance
List Price
$489,000
Sold Price
$430,000
Premium/Discount to List
-$59,000
-12.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$301,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 25, 2019
Sold by
Lawson Reif and Gogia Jaspaul
Bought by
Foundation Pacific Llc

Purchase Details

Listed on
Feb 27, 2015
Closed on
Apr 23, 2015
Sold by
Lopez Victor and Lopez Angela
Bought by
Reif Gogia Jaspaul and Reif Lawson
Seller's Agent
Spencer Smith
Nick Sadek Sotheby's International Realty
Buyer's Agent
Debbie Davis
Windermere Signature Properties LP
List Price
$224,900
Sold Price
$225,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%
Original Mortgage
$168,750
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 27, 2015
Closed on
Mar 25, 2015
Sold by
Gogia Pamela Mehta
Bought by
Gogia Jaspaul
Seller's Agent
Spencer Smith
Nick Sadek Sotheby's International Realty
Buyer's Agent
Debbie Davis
Windermere Signature Properties LP
List Price
$224,900
Sold Price
$225,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2009
Sold by
Lopez Victor and Teresa Lopez Trust
Bought by
The Lopez Family Trust

Purchase Details

Closed on
Jan 20, 2007
Sold by
Lopez Victor
Bought by
Lopez Victor and Lopez Angela

Purchase Details

Closed on
Sep 9, 2006
Sold by
Lopez Teresa
Bought by
The Teresa Lopez Trust

Purchase Details

Closed on
Jul 7, 2005
Sold by
Mcgranahan Lowell E
Bought by
Lopez Victor and Lopez Teresa
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Batshon Jamesnaser -- Chicago Title Company
Batshon Jameel Naser $430,000 Cornerstone Title Company
Foundation Pacific Llc -- None Available
Reif Gogia Jaspaul $225,000 Old Republic Title Company
Gogia Jaspaul -- Old Republic Title Company
The Lopez Family Trust -- None Available
Lopez Victor -- None Available
The Teresa Lopez Trust -- None Available
Lopez Victor $490,000 Stewart Title Of Sacramento
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Batshon Jamesnaser $332,500
Closed Batshon Jameel Naser $301,000
Previous Owner Reif Gogia Jaspaul $168,750
Previous Owner Mcgranahan Lowell E $255,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2019 07/16/19 Sold $430,000 -12.1% $200 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
04/13/2019 04/13/19 For Sale $489,000 +117.3% $227 / Sq Ft
05/04/2015 05/04/15 Sold $225,000 0.0% $99 / Sq Ft
03/01/2015 03/01/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $224,900 -- $99 / Sq Ft
Source: MetroList

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 $5,718 $470,263 $109,363 $360,900
2024 $5,718 $461,043 $107,219 $353,824
2023 $5,743 $452,004 $105,117 $346,887
2022 $5,416 $443,142 $103,056 $340,086
2021 $5,390 $434,454 $101,036 $333,418
2020 $5,334 $430,000 $100,000 $330,000
2019 $3,193 $242,409 $53,868 $188,541
2018 $3,040 $237,657 $52,812 $184,845
2017 $3,099 $232,998 $51,777 $181,221
2016 $3,089 $228,430 $50,762 $177,668
2015 $3,255 $255,056 $43,937 $211,119
2014 $3,124 $233,996 $40,309 $193,687
Source: Public Records

Agents Affiliated with this Home

  • Colby Culbertson

    Seller's Agent in 2019

    Colby Culbertson

    eXp Realty of California Inc.

    (916) 705-4374

    18 Total Sales

    Colby Culbertson
    Section Image
  • Samantha Gray

    Seller Co-Listing Agent in 2019

    Samantha Gray

    eXp Realty of California Inc.

    (916) 412-4832

    147 Total Sales

    Samantha Gray
    Section Image

  • J

    Buyer's Agent in 2019

    Jameel Batshon

    Century 21 RE Alliance

  • Spencer Smith

    Seller's Agent in 2015

    Spencer Smith

    Nick Sadek Sotheby's International Realty

    (916) 860-9279

    72 Total Sales

    Spencer Smith
    Section Image
  • Debbie Davis

    Buyer's Agent in 2015

    Debbie Davis

    Lyon Real Estate

    (916) 213-2323

    122 Total Sales

    Debbie Davis
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 19023697

MetroList

APN: 252-0122-003

California Sacramento County Sacramento 95838 East Del Paso Heights

1874 Grand Ave, Sacramento, CA

This home is located at 1874 Grand Ave, Sacramento, CA 95838 since 13 April 2019 and is currently estimated at $637,003, approximately $296 per square foot. This property was built in 1950. 1874 Grand Ave is a home located in Sacramento County with nearby schools including Michael J. Castori Elementary School, Martin Luther King Jr. Technology Academy, and Grant Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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