NOT LISTED FOR SALE

209 Alaska Ave Fairfield, CA 94533

29 Beds
-- Bath
15,011 Sq Ft
0.69 Acres

Last Sold July 10, 2014

Last sale price $1,350,000 $90 Per Sq Ft

Highlights

  • 0.69 Acre Lot
  • Secluded Lot
  • Enclosed Patio or Porch
  • Pasture Views
  • Fenced Yard
  • Security Gate

About This Home

As of July 2014

This is a newer apartment complex built in 1986. It has a good cap rate with verified financials, not estimated proformas. It's currently 100% rented. CPA has provided financials for past years along with tax records. This will be a great starter large investment property for those ready to take the next step.

Last Agent to Sell the Property

Edward Qin

California E Realty License #01901007 Listed on: 05/14/2014

Last Buyer's Agent

Steven Level

Berkshire Hathaway License #01184232

Berkshire Hathaway

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.69 Acre Lot
  • Fenced Yard
  • Security Fence
  • Secluded Lot

Property Views

  • Pasture
  • Garden

Home Design

  • Slab Foundation
  • Ceiling Insulation
  • Composition Roof
  • Stucco

Interior Spaces

  • 15,011 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Security Gate
  • Fire and Smoke Detector

Parking

  • 10 Open Parking Spaces
  • 14 Carport Spaces
  • Parking Deck
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Connected
  • High Speed Internet
  • Internet Available
  • Satellite Dish
  • Cable TV Available

Community Details

  • 15 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 0034-110-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Levels: Two
  • Year Built: 1986
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet, LVYN, Tile
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Price Per Square Foot: 89.93
  • Square Footage: 15011.00
  • Window Features: Caulked/Sealed, Weather Stripped

Exterior Features

  • Construction Materials: Ceiling Insulation, Stucco
  • Exterior Features: Fenced Yard
  • Foundation: Slab
  • Patio And Porch Features: DECK, Enclosed Patio
  • Roof: Composition
  • View: Garden/Greenbelt, Pasture, PRTL

Garage/Parking

  • Carport Spaces: 14.00
  • Open Parking Spaces: 10.00
  • Parking Features: Carport, Deck, Off Street, Street, Uncovered
  • Number Of Guest Spaces: 10

Utilities

  • Cooling: Central
  • Heating: Central, Electric, Natural Gas
  • Security Features: Other, Security Fence, Security Gate, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Electric, Cable Available, Cable Connected, City, Dish Antenna, DSL Available, Internet Available, Natural Gas Connected, PGEE
  • Water Source: Public

Fee Information

  • Utilities Expenses: 17724

Lot Info

  • Assessor Parcel Number: 0034-110-030
  • Lot Features: Curb(s), Secluded, Shape Regular
  • Lot Size Acres: 0.6880
  • Lot Size Sq Ft: 29969.00
  • Lot Size Units: Acres
  • Price Per Acre: 1962209.30
  • Special Zones: Unknown

Rental Info

  • Lease Term: YRLS,MTOM,WRTA
  • Tenant Pays: Cable TV, Electricity, Gas
  • Units Furnished: None

Building Info

  • Number of Units Total: 15

Multi Family

  • Gross Rent Multiplier: 9.35
  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 700-750
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 875-1000
  • Number Of1 Bedrooms Occupied: 1
  • Number Of2 Bedrooms Occupied: 14
  • Separate Meters: Electricity, Gas

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2014 07/10/14 Sold $1,350,000 0.0% $90 / Sq Ft
05/14/2014 05/14/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $1,350,000 -- $90 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $18,200 $1,622,489 $270,412 $1,352,077
2024 $18,200 $1,590,676 $265,110 $1,325,566
2023 $17,642 $1,559,487 $259,912 $1,299,575
2022 $17,429 $1,528,910 $254,816 $1,274,094
2021 $17,258 $1,498,932 $249,820 $1,249,112
2020 $16,855 $1,483,563 $247,259 $1,236,304
2019 $16,441 $1,454,474 $242,411 $1,212,063
2018 $16,971 $1,425,956 $237,658 $1,188,298
2017 $16,188 $1,397,998 $232,999 $1,164,999
2016 $16,106 $1,370,587 $228,431 $1,142,156
2015 $15,040 $1,350,000 $225,000 $1,125,000
2014 $15,957 $1,418,171 $315,149 $1,103,022
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Edward Qin

    California E Realty

    (415) 902-7127

    10 Total Sales

    Edward Qin
    Section Image
  • Steven Level

    Buyer's Agent in 2014

    Steven Level

    Berkshire Hathaway

    (415) 722-1149

    1 in this area

    43 Total Sales

    Steven Level
    Section Image
See All Agents

Map

Source: San Francisco Association of REALTORS®

MLS Number: 21410940

San Francisco Association of REALTORS®
California Solano County Fairfield 94533

209 Alaska Ave, Fairfield, CA

Not Listed for Sale

MultiFamily

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