NOT LISTED FOR SALE
12 Beds
6 Baths
4,368 Sq Ft
9,300 Sq Ft Lot

Sale Details

Date Sold: February 12, 2016

Last sale price $248,500 $57 Per Sq Ft

9 Days on Market

About This Home

As of February 2016

6plex consisting of all 2 bedroom 1 bathroom units with a market rent of roughly $650/each. All units feature central heating and cooling and have been well maintained. There are currently 2 vacancies but those units have been prepared for rent and are in the application process. Current monthly gross income is $2,612 but fully performing the property can produce roughly $3,900/ month gross. This is a good opportunity to get your hands on an income producing property with all 2 bedroom units under $45,000/door!

Last Agent to Sell the Property

Michael Garabedian

London Properties, Ltd. License #01189466 Listed on: 01/20/2016

London Properties, Ltd.

Co-Listed By

Bobby Ward

Strong Holdings Inc License #01350825

Last Buyer's Agent

Michael Garabedian

London Properties, Ltd. License #01189466 Listed on: 01/20/2016

London Properties, Ltd.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 9,300

Parking

  • Carport

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,368 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Additional Features

  • 9,300 Sq Ft Lot
  • Central Air

Community Details

  • 6 Units
  • Gross Income $46,800

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

9,300 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 56.89
  • Year Built Exception: 0
  • Stories: Two
  • Special Features: None
  • Year Built: 1980

Interior Features

  • Bathrooms: 6.00
  • Bedrooms: 12
  • Square Footage: 4368.00

Exterior Features

  • Roofing: Composition
  • Exterior: Stucco, Wood
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: Central Heat/Cool

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.2135
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 9300.00
  • Price Per Acre: 1163934.43

Building Info

  • Year Built: 1980

Rental Info

  • TenantPays: Electricity, Gas

Multi Family

  • Annual Income: 46800.00
  • IncomeIncludes: Unit Rent
  • Total Units: 6

MLS Schools

  • School District 2: Fresno Unified

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
Jan 20, 2016
Closed on
Feb 2, 2016
Sold by
Bought by
Seller's Agent
Michael Garabedian
London Properties, Ltd.
Buyer's Agent
Michael Garabedian
London Properties, Ltd.
List Price
$248,500
Sold Price
$248,500

Purchase Details

Closed on
Apr 3, 2013
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
$1,000,000
Interest Rate
3.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 19, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 9, 2004
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
$294,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2002
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
$132,300
Interest Rate
6.09%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$248,500 Placer Title Company
$215,500 None Available
-- None Available
$420,000 First American Title Ins Co
$189,000 Stewart Title Of Fresno Cnty
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 $168,000
Previous Owner $1,000,000
Previous Owner $294,000
Previous Owner $132,300
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
02/12/2016 02/12/16 Sold $248,500 0.0% $57 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $248,500 -- $57 / Sq Ft
Source: Fresno MLS

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
2026 $3,896 $300,050 $36,221 $263,829
2025 $3,896 $294,167 $35,511 $258,656
2023 $3,751 $282,746 $34,133 $248,613
2022 $3,631 $277,203 $33,464 $243,739
2021 $3,533 $271,768 $32,808 $238,960
2020 $3,518 $268,982 $32,472 $236,510
2019 $3,385 $263,709 $31,836 $231,873
2018 $3,313 $258,539 $31,212 $227,327
2017 $3,257 $253,470 $30,600 $222,870
2016 $4,009 $223,647 $29,125 $194,522
2015 $2,803 $220,289 $28,688 $191,601
2014 $2,743 $215,975 $28,127 $187,848
Source: Public Records

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Map

Source: Fresno MLS

MLS Number: 457517

Fresno MLS
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