NOT LISTED FOR SALE

2004 Pleasant Ave Ceres, CA 95307

Ceres Area

Estimated Value: $873,000

8 Beds
4 Baths
2,800 Sq Ft
$312/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2020

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

Est. 6% increase in value since last sale

Current estimated payment $5,675 / mo

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

Year Built

  • Built in 1947

Lot Details

  • 0.5

Parking

  • 1 Parking Space Included

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • 21,780 Sq Ft 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

Year Built

Built in 1947

Lot Details

0.5 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1947
  • Stories: 1
  • 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

  • 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

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
Feb 19, 2020
Closed on
May 13, 2020
Sold by
Bought by
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
$873,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,000
Avg. Annual Appreciation
1.02%
Original Mortgage
$300,000
Interest Rate
0.033%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 19, 2020
Closed on
May 6, 2020
Sold by
Bought by
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
Interest Rate
0.033%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 2020
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 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
$280,000
Interest Rate
0.0515%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
$820,000 Fidelity National Title
$164,000 Fidelity National Title Co
-- None Available
-- None Available
$250,000 First American Title Company
$130,000 None Available
$400,000 First American 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
Open $300,000
Previous Owner $280,000
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
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

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 $10,568 $896,786 $109,363 $787,423
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

    51 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

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