$550,000
SOLD MAR 28, 2025
-- Bed
-- Bath
1,900 Sq Ft
7,087 Sq Ft Lot

Recently Sold

$289 Per Sq Ft

5% Below List Price

6 Days on Market

Highlights

  • A-Frame Home
  • Fenced Yard
  • Patio
  • No HOA
  • Double Pane Windows
  • Tile Flooring

About This Home

As of March 2025

A fantastic investment opportunity! This property is a solid investment with a lot of potential! both sides got remodeled in January 2025 with water resistant laminated flooring, new granite countertops, dish washer, showers, dual pane windows (varies in each unit) and interior paint. With each unit having 2 bedrooms, 2 bathrooms, and a 2-car garage, it's great for families or tenants. The fact that one unit is already rented for $1500 on a month-to-month basis gives you a baseline for rental income. Based on Rentormeter evaluation the average rent within 2 miles radius is $1966, Median $2100. 25th Percentile is $16,37 and 75th percentile is at $2294 per month. Being in the Lodi School District is a desirable for families and renters. It's in the proximity to a shopping center, school and easy access to Highway 99. This adds a great convenience for homeowners and tenants. This duplex will likely generate a steady and long-term passive income.

Last Agent to Sell the Property

Judy Vo

RE/MAX Grupe Gold License #01399400

RE/MAX Grupe Gold

Last Buyer's Agent

Jorge Espino

Approved Real Estate Group License #01466336

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,972

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 7,087 Sq Ft Lot
  • Fenced Yard
  • Security Fence

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • A-Frame Home
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • 220 Volts
  • Separate Water Meter
  • Water Heater

Listing and Financial Details

  • Security Deposit $1,500
  • Tenant pays for electricity, sewer, gas, grounds care, trash collection, insurance, water
  • Assessor Parcel Number 090-130-03

Community Details

Overview

  • No Home Owners Association
  • Fox Creek Subdivision

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month
  • Net Lease
  • Operating Expense $1,400
  • Net Operating Income $31,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,972

Year Built

Built in 1981 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Class A Building
  • Property Subtype 1: Duplex
  • Year Built: 1981
  • Architectural Style: A-Frame
  • Stories: 1
  • Subdivision: Fox Creek
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Electric Oven
  • Flooring: Tile, Laminate
  • Price Per Square Foot: 289.47
  • Square Footage: 1900.00
  • Window Features: Dual Pane Partial, Window Coverings, Varies by Unit

Exterior Features

  • Construction Materials: Stucco, Wood
  • Disclosures/Documents: Preliminary Title Report, Rental/Lease Agreement(s), Seller Property Questionnaire, Seller Subject to TDS, Natural Hazard Disclosure Available
  • Exterior Features: Fenced Yard, Yard Space
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 580000.00
  • Lot Features: Shape Regular, Curbs/Gutters, Sidewalk
  • New Construction: No
  • Patio And Porch Features: Uncovered Patio
  • Pool: No
  • Property Condition: Updated/Remodeled, Varies by Unit
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Parking Features: Attached
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector, Security Fence
  • Sewer: In & Connected, Public Sewer
  • Utilities: City
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity, Gas, Water

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning: R
  • Irrigation: Public District
  • Lot Size Acres: 0.1627
  • Lot Size Sq Ft: 7087.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Gas, Grounds Care, Trash Collection, Insurance, Water
  • Total Deposit: 1500
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Deposit: 1500.00
  • Lease Type: Net

Multi Family

  • Gross Income: 36000
  • Operating Expense: 1400
  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 1
  • Total Number Section8: 1
  • Number of Leased Units: 1
  • Number of Month to Month Units: 1
  • Number of Units: 1
  • Number of Vacant Units: 1
  • Vacancy Factor: 10
  • Gross Income Multiplier: 16.000
  • Number Of2 Bedrooms Occupied: 1

Tax Info

  • Assessor Parcel Number: 090-130-03
  • Current RE Taxes: 2972
  • Bonds/Assessments/Taxes Description: Local Assessments
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2025
Closed on
Mar 17, 2025
Sold by
Nguyen Jim D
Bought by
Mariscal Gabriel Eberardo Men
Seller's Agent
Judy Vo
RE/MAX Grupe Gold
Buyer's Agent
Jorge Espino
Approved Real Estate Group
List Price
$580,000
Sold Price
$550,000
Premium/Discount to List
-$30,000
-5.17%
Total Days on Market
6
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$540,038
Outstanding Balance
$539,584
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$15,619

Purchase Details

Closed on
Nov 12, 2002
Sold by
Nguyen Hoa
Bought by
Nguyen Jim D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.25%

Purchase Details

Closed on
Jul 15, 1998
Sold by
Henry Fung
Bought by
Yee Kenvey Wei and Yee Jessica F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,300
Interest Rate
6.9%

Map

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $550,000 Chicago Title
Interfamily Deed Transfer -- Old Republic Title
Grant Deed $185,000 Old Republic Title Company
Grant Deed $69,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,038 FHA
Previous Owner $152,000 Unknown
Previous Owner $148,000 No Value Available
Previous Owner $48,300 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 Sold $550,000 -5.2% $289 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $580,000 -- $305 / Sq Ft
Source: MetroList

Tax History

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
2024 $2,972 $262,669 $78,090 $184,579
2023 $2,938 $257,519 $76,559 $180,960
2022 $2,874 $252,470 $75,058 $177,412
2021 $2,940 $247,521 $73,587 $173,934
2020 $2,870 $244,984 $72,833 $172,151
2019 $2,804 $240,181 $71,405 $168,776
2018 $2,754 $235,472 $70,005 $165,467
2017 $2,689 $230,856 $68,633 $162,223
2016 $2,534 $226,331 $67,288 $159,043
2014 $1,727 $150,000 $37,000 $113,000
Source: Public Records

Source: MetroList

MLS Number: 225018195

MetroList

APN: 090-130-03