NOT LISTED FOR SALE
7 Beds
4 Baths
3,752 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: August 8, 2023

Last sale price $597,000 $159 Per Sq Ft

3 Days on Market

Highlights

  • Central Air
  • Heating Available
  • 1-Story Property

About This Home

As of August 2023

Great Investment opportunity in a nice quite neighborhood. Unique 5-unit complex located close to shopping, restaurants, and UC Merced. Each unit feels very much like a single-family home with spacious and sensible floor plan. 4 units are 2 bedrooms and 1 bathroom, and 1 unit is 1 bedroom and 1 bathroom. Each unit had laundry inside. Please do not disturb tenants or walk the property. Drive-by only.

Last Agent to Sell the Property

Oran Yomtoubian

Discount Realty License #01098186 Listed on: 07/13/2023

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 11,761 Sq Ft Lot

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,752 Sq Ft Home
  • 1-Story Property

Parking

  • 5 Parking Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $50,000
  • Month-to-Month Lease Term

Community Details

Overview

  • 3,752 Sq Ft Building

Building Details

  • 5 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,300
  • Maintenance Expense $2,500
  • Manager Expense $500
  • Utility Expense $4,000
  • Operating Expense $13,000
  • Gross Income $50,000

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0.27 Acres

Listing Details

  • Zoning: R-3-2
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3752
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Living Sq Ft: 3752
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: On Street, Parking Area

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11718.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11718.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 11.90
  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1300
  • Expense Landscape: 1200
  • Expense Maintenance: 2500
  • Expense Management: 500
  • Expenses Total: 13000
  • Expenses Utility: 4000
  • Income Annual Gross: 50000.00
  • Income Annual Rental: 50000
  • Income Gross Scheduled: 50000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance - Repair
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

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
Jul 13, 2023
Closed on
Jul 31, 2023
Sold by
Yomtoubian Revocable Trust and Douglas Morris Polgar
Bought by
Seller's Agent
Oran Yomtoubian
Discount Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$595,000
Sold Price
$597,000
Premium/Discount to List
$2,000
0.34%
Views
52

Purchase Details

Closed on
Apr 9, 2019
Sold by
Polgar Douglas M and Polgar Willma
Bought by
Douglas Morris Polgar and Willma Ezra Pogl

Purchase Details

Closed on
Mar 18, 2015
Sold by
Yomtoubian Ruben and Yomtoubian Orna
Bought by
Yomtoubian Revocable Trust

Purchase Details

Closed on
Feb 25, 2010
Sold by
Yomtoubian Ruben H and Polgar Douglas M
Bought by
Polgar Douglas M and Polgar Willma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 17, 2010
Sold by
Lengsfelder Jeanne C and Jeanne C Lengsfelder Revocable
Bought by
Yomtoubian Ruben H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 4, 2005
Sold by
Lengsfelder Jeanne C and The Jeanne C Lengsfelder Revoc
Bought by
Lengsfelder Jeanne C and The Jeanne C Lengsfelder Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,766
Interest Rate
5.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2001
Sold by
Lengsfelder Jeanne C
Bought by
Lengsfelder Jeanne C and Jeanne C Lengsfelder Revocable Living Tr

Purchase Details

Closed on
Jul 11, 2001
Sold by
Mcmillin Loren L and Mcmillin Joan E
Bought by
Forman Michael L and Lengsfelder Jeanne C
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
$597,000 Fidelity National Title Compan
Douglas Morris Polgar -- None Available
Yomtoubian Revocable Trust -- None Available
Polgar Douglas M -- None Available
Polgar Douglas M -- Fidelity National Title Co
Yomtoubian Ruben H -- Fidelity National Title Co
Yomtoubian Ruben H $250,000 Fidelity National Title Co
Lengsfelder Jeanne C -- Transcounty Title Company
Lengsfelder Jeanne C -- --
Forman Michael L $230,000 Transcounty Title Company
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
Open $300,000
Previous Owner Polgar Douglas M $187,500
Previous Owner Yomtoubian Ruben H $187,500
Previous Owner Lengsfelder Jeanne C $322,766
Previous Owner Forman Michael L $172,500
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
08/08/2023 08/08/23 Sold $597,000 +0.3% $159 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $595,000 -- $159 / Sq Ft
Source: MLSListings

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 $6,805 $625,118 $88,434 $536,684
2025 $6,805 $612,940 $86,700 $526,240
2024 $6,435 $601,000 $85,000 $516,000
2023 $3,345 $309,788 $43,418 $266,370
2022 $3,301 $303,745 $42,567 $261,178
2021 $3,294 $297,821 $41,733 $256,088
2020 $3,320 $294,785 $41,306 $253,479
2019 $3,269 $289,037 $40,497 $248,540
2018 $2,982 $283,401 $39,703 $243,698
2017 $3,096 $277,875 $38,925 $238,950
2016 $2,759 $246,550 $55,000 $191,550
2015 $2,757 $246,550 $50,000 $196,550
2014 -- $226,705 $45,000 $181,705
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81934957

MLSListings

APN: 006-080-041

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