NOT LISTED FOR SALE

2004 Pleasant Ave Ceres, CA 95307

Estimated Value: $933,000

8 Beds
4 Baths
2,800 Sq Ft
$333/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $820,000 $293 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,792/month

61 Days on Market

About This Home

As of May 2020

This is an 8 unit property with four separate buildings and is situated within a half mile of Highway 99. The property has two duplexes, one triplex, and one single family home. Each unit is a 2-bedroom, 1-bath and comes equipped with in-unit washer and dryer hookups. Tenants are within half a mile of Don Pedro Elementary School, Central Valley High School, and have a local grocery store within walking distance. The City of Ceres is well located and provides residents with easy access to the valley's main corridor, Highway 99, and offers a quaint Downtown with local shops and restaurants. Rents on this property are approximately 20% below market. When combined with utility bill back opportunity, this property offers significant buyer upside. This is a great, well-priced opportunity for an investor looking to grow their multifamily portfolio.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 02/19/2020

Last Buyer's Agent

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 02/19/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,907

Year Built

  • Built in 1947

Lot Details

  • 0.5

Parking

  • 1 Parking Space Included

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • 0.5 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 127-029-039

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,907

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1947
  • Stories: 1
  • Number of Two Bedroom Units: 8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Varies by Unit

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 895000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Cooling: Window Unit(s),Varies by Unit
  • Heating: Wall Furnace,Varies by Unit

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Ceres Unified

Lot Info

  • Zoning Description: R3
  • Lot Size Acres: 0.5000
  • Lot Size Sq Ft: 21780

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 8

Multi Family

  • Gross Income: 81150
  • Income Includes: Rent Only
  • Number of Leased Units: 8
  • Number of Month to Month Units: 8
  • Number of Units: 8
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 127-029-039
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
May 13, 2020
Sold by
Athwal Navjot and Athwal Karenjit
Bought by
Oseguera Antonio J and Oseguera Sonia M
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
List Price
$895,000
Sold Price
$820,000
Premium/Discount to List
-$75,000
-8.38%
Current Estimated Value
$933,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,000
Avg. Annual Appreciation
2.44%
Original Mortgage
$300,000
Outstanding Balance
$265,842
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$667,158

Purchase Details

Listed on
Feb 19, 2020
Closed on
May 6, 2020
Sold by
Athwal Pardeep
Bought by
Athwal Navjot and Athwal Karenjit
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
List Price
$895,000
Sold Price
$820,000
Premium/Discount to List
-$75,000
-8.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$265,842
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$667,158

Purchase Details

Closed on
Feb 14, 2020
Sold by
Pleasant Valley Apartments Llc
Bought by
Purewal Manroop and Sekhon Harmony

Purchase Details

Closed on
Sep 17, 2011
Sold by
Athwal Navjot and Athwal Pardeep
Bought by
Pleasant Valley Apartments Llc

Purchase Details

Closed on
Jun 16, 2011
Sold by
Tahoe Group Inc
Bought by
Athwal Pardeep and Athwal Navjot

Purchase Details

Closed on
Jul 26, 2010
Sold by
Lal Kamal and The Lal Family Trust Of 1998
Bought by
Tahoe Group

Purchase Details

Closed on
Jul 2, 2003
Sold by
Toomey Bill
Bought by
Lal Kamal and The Lal Family Trust Of 1998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.15%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Oseguera Antonio J $820,000 Fidelity National Title
Athwal Navjot $164,000 Fidelity National Title Co
Purewal Manroop -- None Available
Pleasant Valley Apartments Llc -- None Available
Athwal Pardeep $250,000 First American Title Company
Tahoe Group $130,000 None Available
Lal Kamal $400,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oseguera Antonio J $300,000
Previous Owner Lal Kamal $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2020 05/28/20 Sold $820,000 -8.4% $293 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $895,000 -- $320 / 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
2024 $9,907 $879,203 $107,219 $771,984
2023 $9,624 $861,965 $105,117 $756,848
2022 $9,535 $845,064 $103,056 $742,008
2021 $9,446 $828,495 $101,036 $727,459
2020 $3,305 $292,861 $58,570 $234,291
2019 $3,281 $287,120 $57,422 $229,698
2018 $3,219 $281,492 $56,297 $225,195
2017 $3,198 $275,974 $55,194 $220,780
2016 $3,139 $270,563 $54,112 $216,451
2015 $3,082 $266,500 $53,300 $213,200
2014 -- $261,280 $52,256 $209,024
Source: Public Records

Agents Affiliated with this Home

  • Andy Hodgson

    Seller's Agent in 2020

    Andy Hodgson

    Colliers Parrish Inten'l Inc.

    (209) 475-5110

    50 Total Sales

    Andy Hodgson
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Map

Source: MetroList

MLS Number: 20009862

MetroList

APN: 127-29-39

California Stanislaus County Ceres 95307

2004 Pleasant Ave, Ceres, CA

This home is located at 2004 Pleasant Ave, Ceres, CA 95307 since 19 February 2020 and is currently estimated at $933,000, approximately $333 per square foot. This property was built in 1947. 2004 Pleasant Ave is a home located in Stanislaus County with nearby schools including Don Pedro Elementary School, Blaker-Kinser Junior High School, and Central Valley 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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