NOT LISTED FOR SALE
8 Beds
5 Baths
21,100 Sq Ft
1 Acres

Last Sold March 06, 2014

Last sale price $1,480,000 $70 Per Sq Ft

390 Days on Market

Highlights

  • Heated Pool
  • Contemporary Architecture
  • Forced Air Heating System
  • 1 Acre Lot
  • Laundry Room
  • Carpet

About This Home

As of March 2014

Not a short sale or Reo. American River side of the Rancho. Sparkling pool. Rancho Cordova school district. Close to light rail. Walking and biking trails nearby. Well kept building with strong rental data. Roof approx 10 yrs old. Security camera system which records up to 1 mo.and is online so you can watch it from anywhere. 14 two bedrooms 16 one bedrooms. All have stove, refrig, and AC, close to VA Hosp and UCDavis med center.

Last Agent to Sell the Property

Anita Mallin

Mallin Properties, Inc. License #00800677 Listed on: 03/02/2014

Last Buyer's Agent

Nihan Bol

360 Realty License #01355212

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 1 Acre Lot

Home Design

  • 21,100 Sq Ft Home
  • Contemporary Architecture
  • Split Level Home
  • Shingle Roof
  • Stucco

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 30 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Heated Pool
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 158
  • Tax Tract Number 75
  • Assessor Parcel Number 07500540010000

Community Details

Overview

  • 3 Buildings
  • 30 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 29 Leased Units
  • 30 Separate Electric Meters
  • 30 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $5,000
  • Supplies Expense $550
  • Trash Expense $6,000
  • Water Sewer Expense $15,100
  • New Taxes Expense $21,000
  • Gross Income $19,825
  • Net Operating Income $195,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • CapRate: 10.94
  • Inclusions: 30 stoves, refrigerators, air conditioners, disposers
  • Price Per Unit: 52000
  • Supplies Expense: 550.00
  • Water Sewer Expenses: 15100.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 07500540010000
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 70.14

Exterior Features

  • Exterior Features: Rain Gutters
  • Pool Features: Community, Heated
  • Pool Private: Yes
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 30.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Heating Type: Forced Air, Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Pool
  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Lot Size Sq Ft: 43439.00
  • Lot Size Acres: 0.9970

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 750
  • Electric Expense: 3000.00
  • Gross Income: 19825.00
  • Gross Multiplier: 6.54
  • Gross Scheduled Income: 237300.00
  • Insurance Expense: 5000.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Percent: 4.00
  • Net Operating Income: 195180.00
  • Number Of Separate Electric Meters: 30
  • Number Of Separate Gas Meters: 30
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 29
  • Number Of Units Total: 30
  • Number Wall A C: 30
  • Number With Carpet: 30
  • Number With Disposal: 30
  • Number With Drapes: 30
  • Number With Patio: 29
  • Number With Range: 30
  • Number With Refrigerator: 30
  • Operating Expense: 40000.00
  • Operating Expense Percent: 18.00
  • Rent Control: No
  • Total Actual Rent: 19122.00
  • Vacancy Allowance: 7120
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Area: 08056
  • Tax Lot: 158
  • Tax Tract Number: 075

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2014 03/06/14 Sold $1,480,000 0.0% $533 / Sq Ft
03/06/2014 03/06/14 Sold $1,480,000 -17.7% $70 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
12/04/2013 12/04/13 Pending -- -- --
02/12/2013 02/12/13 For Sale $1,799,000 -7.7% $648 / Sq Ft
11/09/2012 11/09/12 For Sale $1,950,000 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P840578

California Regional Multiple Listing Service (CRMLS)