$1,045,000
SOLD JUL 29, 2022
4 Beds
4 Baths
2,400 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$435 Per Sq Ft

16% Below List Price

60 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Ceiling Fan
  • Tankless Water Heater
  • Zoned Cooling
  • Coin Laundry

About This Home

As of July 2022

Rare opportunity to own a fully remodeled 4 Unit Investment property near downtown (north oak park). Each of the 4 units have an exceptional floor plan featuring 1 bed 1 bathroom with an open living/kitchen/dinning room. Renovations include a clear pest & roof report, new kitchens cabinets & appliances, bathrooms, electrical, plumbing, HVAC, floor, doors, windows. Additional income includes coin operated laundry room/storage (in place washer/dryer), three onsite parking units and 1 balcony in upper unit, rubs to pass on water/sewer/garbage. Ready for tenants, owner occupancy + tenants, short term rental (airbnb), or simply a long term hold solid cashflow.

Last Agent to Sell the Property

Daniel Ramsey

Ramsey Real Estate & Development Corp. License #01461166 Listed on: 05/12/2022

Last Buyer's Agent

David Philipp

Coldwell Banker Realty License #01797195

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,737

Year Built

  • Built in 1962

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Quadruplex
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Built-In Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Zoned Cooling
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 010-0203-012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Additional Features

  • Coin Laundry
  • 4 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,737

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1962
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Refrigerator, Gas Water Heater, Built-In Gas Range, Microwave, Dishwasher, Disposal, Tankless Water Heater
  • Flooring: Tile, Vinyl
  • Price Per Square Foot: 434.51

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Raised
  • Listing Price: 1097000.00
  • Lot Features: None

Garage/Parking

  • Open Parking Spaces: 3.00
  • Parking Features: Off Street, Street
  • Total Parking Spaces: 3.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Cooling: Ceiling Fan(s), MultiZone
  • Heating: MultiUnits, Natural Gas
  • Laundry Features: Coin Operated, In Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-4
  • Irrigation: None, Other
  • Lot Size Acres: 0.0800
  • Lot Size Sq Ft: 3485.00

Rental Info

  • Total # Leasable: 4

Multi Family

  • Income Includes: Coin Operated Equipment
  • Number of Units: 4
  • Number of Vacant Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 010-0203-012
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 25, 2022
Sold by
Robert Franko
Bought by
Franko Sarah A
Seller's Agent
Daniel Ramsey
Ramsey Real Estate & Development Corp.
Buyer's Agent
David Philipp
Coldwell Banker Realty
List Price
$1,250,000
Sold Price
$1,045,000
Premium/Discount to List
-$205,000
-16.4%
Current Estimated Value
$971,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$73,596
Avg. Annual Appreciation
-0.69%

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 22, 2022
Sold by
Ramsey Real Estate & Development Corpora
Bought by
Franko Sarah A
Seller's Agent
Daniel Ramsey
Ramsey Real Estate & Development Corp.
Buyer's Agent
David Philipp
Coldwell Banker Realty
List Price
$1,250,000
Sold Price
$1,045,000
Premium/Discount to List
-$205,000
-16.4%

Purchase Details

Closed on
Dec 3, 2021
Sold by
Mod Investment & Development Llc
Bought by
Ramsey Real Estate & Development Corp

Purchase Details

Listed on
Mar 9, 2021
Closed on
Apr 9, 2021
Sold by
Horne Noma L and The Horne Family Trust
Bought by
Mod Investment & Development Llc
Seller's Agent
Tom Daves
eXp Realty of California Inc.
Buyer's Agent
Heather Sims
eXp Realty of California, Inc.
List Price
$600,000
Sold Price
$650,000
Premium/Discount to List
$50,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Original Mortgage
$25,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 9, 2021
Closed on
Mar 28, 2021
Sold by
Home Noma L and The Home Family Trust
Bought by
Home Noma L and The Home Family Trust
Seller's Agent
Tom Daves
eXp Realty of California Inc.
Buyer's Agent
Heather Sims
eXp Realty of California, Inc.
List Price
$600,000
Sold Price
$650,000
Premium/Discount to List
$50,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2006
Sold by
Horne Noma L
Bought by
The Horne Family Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Placer Title
Grant Deed $1,045,000 Placer Title
Grant Deed -- None Available
Grant Deed $650,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $25,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $1,045,000 -4.7% $435 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
07/02/2022 07/02/22 Price Changed $1,097,000 -4.6% $457 / Sq Ft
06/06/2022 06/06/22 Price Changed $1,150,000 -8.0% $479 / Sq Ft
05/12/2022 05/12/22 For Sale $1,250,000 +92.3% $521 / Sq Ft
04/14/2021 04/14/21 Sold $650,000 +8.3% $271 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $600,000 -- $250 / 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 $12,737 $1,087,218 $208,080 $879,138
2024 $12,737 $1,065,900 $204,000 $861,900
2023 $12,436 $1,045,000 $200,000 $845,000
2022 $8,068 $663,000 $178,500 $484,500
2021 $1,964 $137,510 $26,510 $111,000
2020 $1,969 $136,101 $26,239 $109,862
2019 $1,930 $133,433 $25,725 $107,708
2018 $1,881 $130,818 $25,221 $105,597
2017 $1,853 $128,254 $24,727 $103,527
2016 $1,768 $125,741 $24,243 $101,498
2015 $1,740 $123,853 $23,879 $99,974
2014 $1,702 $121,428 $23,412 $98,016
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222060197

MetroList

APN: 010-0203-012