NOT LISTED FOR SALE
8 Beds
4 Baths
3,168 Sq Ft
0.67 Acre Lot

Sale Details

Date Sold: August 12, 2014

Last sale price $1,584,000 $500 Per Sq Ft

49 Days on Market

Highlights

  • 0.67 Acre Lot
  • No HOA
  • Laundry Facilities

About This Home

As of August 2014

26 unit Apartment complex with 100% 2 bedroom/1 bath. Consistent occupancy and cash flow from this complex which is located in a quiet residential area of Lodi, makes this a great investment opportunity. Located near park, restaurants and services. Attention Buyers: Do Not Go on property without permission of listing agent.

Last Agent to Sell the Property

Kathy Hanley

Kathryn Hanley, Broker License #01838221 Listed on: 05/24/2014

Kathryn Hanley, Broker

Last Buyer's Agent

Kathy Hanley

Kathryn Hanley, Broker License #01838221 Listed on: 05/24/2014

Kathryn Hanley, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 29,390 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Leased Washer and Dryer

Parking

  • 1 Parking Space Included
  • 26 Covered Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 041-110-17

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 26 Units

Amenities

  • Laundry Facilities

Building Details

  • 25 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.67 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1985
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Free Standing Electric Oven,Free Standing Refrigerator
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: Manager Occupies 1 Unit,Rental/Lease Agmts
  • Listing Price: 1600000.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 26
  • Parking Features: Carport,Street,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Leased

Condo/Co-op/Association

  • Association Features: Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning Description: RE-1 (conforming)
  • Lot Size Acres: 0.6747
  • Lot Size Sq Ft: 29390

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 26

Multi Family

  • Income Includes: Laundry
  • Number of Leased Units: 25
  • Number of Units: 26
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 041-110-17

MLS Schools

  • School District (County): San Joaquin

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
May 24, 2014
Closed on
Aug 8, 2014
Sold by
Bought by
Seller's Agent
Kathy Hanley
Kathryn Hanley, Broker
Buyer's Agent
Kathy Hanley
Kathryn Hanley, Broker
List Price
$1,600,000
Sold Price
$1,584,000
Premium/Discount to List
-$16,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,207,500
Interest Rate
0.0412%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2008
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
$375,000
Interest Rate
0.0597%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 13, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 16, 1994
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Old Republic Title Company
-- Inter County Title Co
-- None Available
-- --
-- North American Title
$770,000 Central Valley 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 $1,207,500
Previous Owner $150,000
Previous Owner $700,000
Previous Owner $375,000
Previous Owner $585,000
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
08/12/2014 08/12/14 Sold $1,584,000 -1.0% $500 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $1,600,000 -- $505 / 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 $20,827 $1,903,716 $480,735 $1,422,981
2024 $20,260 $1,866,389 $471,309 $1,395,080
2023 $19,976 $1,829,794 $462,068 $1,367,726
2022 $19,534 $1,793,916 $453,008 $1,340,908
2021 $19,886 $1,758,742 $444,126 $1,314,616
2020 $19,371 $1,740,710 $439,573 $1,301,137
2019 $18,983 $1,706,579 $430,954 $1,275,625
2018 $18,720 $1,673,117 $422,504 $1,250,613
2017 $18,306 $1,640,312 $414,220 $1,226,092
2016 $17,074 $1,608,156 $406,100 $1,202,056
2015 $16,849 $1,584,000 $400,000 $1,184,000
2014 $12,390 $1,157,452 $120,842 $1,036,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 14031762

MetroList
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