NOT LISTED FOR SALE
3 Beds
2 Baths
1,340 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: December 17, 2024

Last sale price $1,825,000 $1,362 Per Sq Ft

137 Days on Market

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Coin Laundry
  • Contemporary Architecture
  • Ceiling Fan
  • 2-minute walk to Stanford Park

About This Home

As of December 2024

Rent increases went into effect in September, income has substantially increased. Highly desirable 9-unit apartment building in the heart of Midtown. Property is in excellent repair, the majority of units have been updated with new plank flooring, kitchen cabinets, new granite countertops, new stainless steel appliances and many other upgrades in select units. The electrical system has been recently updated with new service.

Last Agent to Sell the Property

Jim Drazenovich

Brittain Commercial License #00891047 Listed on: 06/04/2024

Last Buyer's Agent

Lauren Prichard

Aborn Powers, Inc License #01031213

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Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Contemporary Architecture
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Free-Standing Gas Oven
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Parking Spaces
  • 7 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 003-0102-018

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Amenities

  • Coin Laundry

Building Details

  • 9 Leased Units
  • Net Lease

Property Details

Home Type

Multi-Family

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Architectural Style: Contemporary
  • Levels: Two
  • Stories: 2
  • Year Built Details: Unknown
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven, Varies By Unit
  • Flooring: Carpet, Laminate

Exterior Features

  • Construction Materials: Stucco, Frame
  • Foundation: Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1850000.00
  • Lot Features: Shape Regular, Curbs/Gutters, Sidewalk
  • New Construction: No
  • Pool: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Open Parking Spaces: 7.00
  • Parking Features: Off Street, Open
  • Total Parking Spaces: 7.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, Washer/Dryer Leased
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning: R-1B
  • Irrigation: Other
  • Lot Size Acres: 0.1500
  • Lot Size Sq Ft: 6534.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Coin Operated Equipment","Other"]
  • Number of Leased Units: 9
  • Number of Units: 9
  • Units Furnished: None
  • One Bedroom Annual Occupancy: 100
  • Two Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: $975-$1,400
  • Two Bedroom Rent Range: $1,750

Tax Info

  • Assessor Parcel Number: 003-0102-018
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

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
Jun 4, 2024
Closed on
Dec 9, 2024
Sold by
Bought by
Seller's Agent
Jim Drazenovich
Brittain Commercial
Buyer's Agent
Lauren Prichard
Aborn Powers, Inc
List Price
$1,850,000
Sold Price
$1,825,000
Premium/Discount to List
-$25,000
-1.35%
Views
26

Purchase Details

Closed on
Jun 17, 2021
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
$700,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2007
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.
Interest Rate
6.1%
Mortgage Type
Commercial
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
$1,825,000 Orange Coast Title
$1,750,000 Fidelity National Title
-- None Available
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 $700,000
Previous Owner $550,000
Previous Owner --
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
01/01/2025 01/01/25 Off Market $1,825,000 -- --
12/17/2024 12/17/24 Sold $1,825,000 -1.4% $1,362 / Sq Ft
10/19/2024 10/19/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $1,850,000 -- $1,381 / Sq Ft
Source: MetroList

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 $22,203 $1,861,500 $510,000 $1,351,500
2025 $22,203 $1,825,000 $500,000 $1,325,000
2024 $22,674 $1,857,114 $530,604 $1,326,510
2023 $22,138 $1,820,700 $520,200 $1,300,500
2022 $21,762 $1,785,000 $510,000 $1,275,000
2021 $7,178 $535,939 $108,575 $427,364
2020 $7,208 $530,444 $107,462 $422,982
2019 $6,846 $520,044 $105,355 $414,689
2018 $6,670 $509,848 $103,290 $406,558
2017 $6,575 $499,852 $101,265 $398,587
2016 $6,297 $490,052 $99,280 $390,772
2015 $6,201 $482,692 $97,789 $384,903
2014 $6,052 $473,238 $95,874 $377,364
Source: Public Records

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Map

Source: MetroList

MLS Number: 224060176

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