NOT LISTED FOR SALE

2402 E Peralta Way Fresno, CA 93703

McLane Neighborhood
3 Beds
2 Baths
3,136 Sq Ft
9,711 Sq Ft Lot

Sale Details

Date Sold: October 1, 2018

Last sale price $305,000 $97 Per Sq Ft

17 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Fenced
  • Lawn
  • Evaporated cooling system
  • Level Lot

About This Home

As of October 2018

Attention Investors, this property is generating a very nice return at over 10% gross, and priced to sell. Long term tenants. Buyer may live in one unit and make a positive cash flow from the other units. Seller is motivated. 5 units total (4) 1 bedroom 1 bath with 1 car garages (1) 2 bedroom 1 bath with 2 car garage. All units have access to a fenced court yard. This complex is set up nicely for a large family. These Units are located north of McKinley west of Fresno Street.

Last Agent to Sell the Property

Daniel Jelladian

Daniel Peter Jelladian, Broker License #00418881 Listed on: 09/07/2018

Last Buyer's Agent

Daniel Jelladian

Daniel Peter Jelladian, Broker License #00418881 Listed on: 09/07/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 9,711 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Level Lot
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Apartment
  • Composition Roof

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 44624416

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $318
  • Gardener Expense $2,125
  • Insurance Expense $572
  • Maintenance Expense $2,669
  • Other Expense $195
  • Professional Management Expense $2,589
  • Trash Expense $1,081
  • Water Sewer Expense $3,068
  • New Taxes Expense $3,321
  • Operating Expense $15,821
  • Gross Income $36,983
  • Net Operating Income $21,162

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

9,711 Sq Ft Lot

Parking

6

Listing Details

  • Ad Number: Dan Jelladian
  • Professional Management Expense: 2589.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3068.00
  • Zoning: R-2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2125.00
  • Parcel Number: 44624416
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 97.26

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1081.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Level with Street, Lot 6500-9999, Near Public Transit
  • Lot Size Sq Ft: 9711.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 318.00
  • Gross Income: 36983.00
  • Gross Scheduled Income: 36983.00
  • Insurance Expense: 572.00
  • Maintenance Expense: 2669.00
  • Net Operating Income: 21162.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 15821.00
  • Other Expense: 195.00
  • Other Expense Description: pest ctl
  • Rent Control: No
  • Total Actual Rent: 36983.00
  • Total Expenses: 15821.00

Tax Info

  • New Taxes Expense: 3321.00
  • Tax Census Tract: 24.00

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
Sep 7, 2018
Closed on
Sep 26, 2018
Sold by
Bought by
Seller's Agent
Daniel Jelladian
Daniel Peter Jelladian, Broker
Buyer's Agent
Daniel Jelladian
Daniel Peter Jelladian, Broker
List Price
$340,000
Sold Price
$305,000
Premium/Discount to List
-$35,000
-10.29%

Purchase Details

Listed on
Jan 10, 2017
Closed on
Mar 23, 2017
Sold by
Bought by
Seller's Agent
Greg Vasquez
Adanalian & Vasquez Real Estat
Buyer's Agent
Daniel Jelladian
Daniel Jelladian, Broker
List Price
$260,000
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.99%
Original Mortgage
$208,000
Interest Rate
0.0423%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2017
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
$208,000
Interest Rate
0.0423%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2004
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
$305,000 Fidelity National Title Comp
$260,000 Fidelity National Title Fres
-- None Available
$170,000 Fidelity National 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
Previous Owner $208,000
Previous Owner $50,000
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 Prior Sale
10/01/2018 10/01/18 Sold $305,000 -10.3% $97 / Sq Ft
09/07/2018 09/07/18 For Sale $340,000 +30.8% $108 / Sq Ft
05/04/2017 05/04/17 Sold $260,000 0.0% $82 / Sq Ft View Prior Sale
03/07/2017 03/07/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $260,000 -- $82 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,475 $340,228 $50,196 $290,032
2023 $4,306 $327,019 $48,248 $278,771
2022 $4,168 $320,607 $47,302 $273,305
2021 $4,055 $314,322 $46,375 $267,947
2020 $4,037 $311,100 $45,900 $265,200
2019 $3,884 $305,000 $45,000 $260,000
2018 $3,380 $265,200 $38,760 $226,440
2017 $2,374 $183,981 $32,466 $151,515
2016 $2,298 $180,375 $31,830 $148,545
2015 $2,264 $177,666 $31,352 $146,314
2014 $2,215 $174,186 $30,738 $143,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI18219803

California Regional Multiple Listing Service (CRMLS)
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