Seller's Agent in 2021
Jon Lang
Ken Turton, Broker
(916) 468-0781
9 in this area
31 Total Sales
Estimated Value: $1,138,865
8
Beds
4
Baths
3,600
Sq Ft
$316/Sq Ft
Est. Value
About This Home
As of January 2021Gorgeous Midtown investment opportunity. Originally built in 1927 as a fourplex, although is now used as commercial office space. The 3,600 SF, two-story building is currently 100% leased to three long-time office tenants generating a net operating income of approximately $54,500. An owner-user can also occupy the entire second floor, measuring 1,800SF, within 60 days of closing and offset monthly expenses with income from two ground floor tenants. For the more adventurous value-add investor, the building (zoned R3A) can be converted back to a four-plex by right. The generously-sized 6,400SF lot currently parks 14 cars, but can accommodate the future development of 3-4 additional residential units including two ADUs. The Property is being offered at $1,095,000, which equates to a 5% cap rate on existing income. Seller can provide: i) full inspection report; ii) pest report; and iii) structural report upon request.
Last Buyer's Agent
Cara Moeller
Redfin Corporation License #02029565
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,150
Year Built
- Built in 1925
Lot Details
- 6,399
Home Design
- Quadruplex
- Split Level Home
- Raised Foundation
Parking
- 14 Open Parking Spaces
- 1 Parking Space Included
Additional Features
- 2-Story Property
- 6,399 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 007-0255-001-0000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 3 Leased Units
- 1 Unit Leased Month-To-Month
- Net Operating Income $54,408
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 28, 2022
Sold by
Sts Properties Llc
Bought by
Biller James and Biller Danielle
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$775,994
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$362,871
Purchase Details
Listed on
Jun 19, 2020
Closed on
Jan 25, 2021
Sold by
Purewal Manroop and Purewal Harmony
Bought by
Sts Properties Llc
Seller's Agent
Jon Lang
Ken Turton, Broker
Buyer's Agent
Cara Moeller
Redfin Corporation
List Price
$1,095,000
Sold Price
$1,020,000
Premium/Discount to List
-$75,000
-6.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.35%
Original Mortgage
$499,999
Interest Rate
2.67%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 13, 2020
Sold by
2300 N Street Llc
Bought by
Purewal Manroop and Purewal Harmony
Purchase Details
Closed on
Jun 11, 2015
Sold by
Dahutch Llc
Bought by
2300 N Street Llc
Purchase Details
Closed on
Mar 27, 2003
Sold by
Watters Lee Allen and Watters Beverly J
Bought by
Dahutch Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,600
Interest Rate
5.78%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Biller James | $1,065,000 | Old Republic Title | |
| Sts Properties Llc | $1,020,000 | Fidelity National Title Co | |
| Purewal Manroop | -- | None Available | |
| 2300 N Street Llc | $650,000 | Placer Title Company | |
| Dahutch Llc | $525,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Biller James | $800,000 | |
| Previous Owner | Sts Properties Llc | $499,999 | |
| Previous Owner | Dahutch Llc | $475,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2021 01/29/21 | Sold | $1,020,000 | 0.0% | $283 / Sq Ft |
| 12/08/2020 12/08/20 | Off Market | $1,020,000 | -- | -- |
| 11/02/2020 11/02/20 | Price Changed | $1,095,000 | 0.0% | $304 / Sq Ft |
| 11/02/2020 11/02/20 | For Sale | $1,095,000 | -4.8% | $304 / Sq Ft |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- |
| 09/10/2020 09/10/20 | Price Changed | $1,150,000 | -4.1% | $319 / Sq Ft |
| 09/10/2020 09/10/20 | For Sale | $1,199,000 | 0.0% | $333 / Sq Ft |
| 08/25/2020 08/25/20 | Pending | -- | -- | -- |
| 07/13/2020 07/13/20 | Price Changed | $1,199,000 | -2.4% | $333 / Sq Ft |
| 06/19/2020 06/19/20 | For Sale | $1,229,000 | -- | $341 / Sq Ft |
Source: MetroList
Tax History Compared to Growth
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 | $13,150 | $1,108,026 | $468,180 | $639,846 |
| 2024 | $13,150 | $1,086,300 | $459,000 | $627,300 |
| 2023 | $12,844 | $1,065,000 | $450,000 | $615,000 |
| 2022 | $12,588 | $1,040,400 | $326,400 | $714,000 |
| 2021 | $8,666 | $721,706 | $277,578 | $444,128 |
| 2020 | $8,735 | $714,307 | $274,732 | $439,575 |
| 2019 | $8,552 | $700,302 | $269,346 | $430,956 |
| 2018 | $8,335 | $686,571 | $264,065 | $422,506 |
| 2017 | $8,227 | $673,110 | $258,888 | $414,222 |
| 2016 | $7,932 | $659,912 | $253,812 | $406,100 |
| 2015 | $7,622 | $632,662 | $192,808 | $439,854 |
| 2014 | $7,420 | $620,270 | $189,032 | $431,238 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Lang
-
Cara Moeller
C
Buyer's Agent in 2021
Cara Moeller
Redfin Corporation
Map
Source: MetroList
MLS Number: 20035077
APN: 007-0255-001
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