NOT LISTED FOR SALE
2 Beds
1 Bath
825 Sq Ft
1.18 Acre Lot

Sale Details

Date Sold: May 31, 2019

Last sale price $2,750,000 $3,333 Per Sq Ft

6 Days on Market

Highlights

  • 1.18 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • John H. Pitman High School Rated A-
  • Double Pane Windows
  • 1-Story Property

About This Home

As of May 2019

24 Unit Apartment Complex Recently Updated! 2 Bed 1 Bath 825 +/- SF Units. The property features 3 separate parcels with 8 units on each property. New Dual Pane Windows, New Ext Paint, New Landscaping, New Covered Carport, Most Interior Units Updated with New Counters, Flooring, Bathrooms and Appliances! All Units have Central HVAC! New and/or Certified Roofs. 3 Onsite Coin Op Laundry Rooms. APNs include 061-004-062, 63, 64. Offering Memorandum Available. Pro Forma CAP Rate 6.27% Current CAP Rate 5.07%

Last Agent to Sell the Property

Josh Smith

Valley Oak Real Estate License #01490669 Listed on: 03/27/2019

Co-Listed By

Staci McBay

Valley Oak Real Estate License #01239266

Last Buyer's Agent

Alberto Guardado

Real Broker Technologies License #02007623

Real Broker Technologies
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 1.18

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Parking

  • 1 Parking Space Included
  • 24 Covered Spaces

Additional Features

  • 1.18 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity gas see remarks
  • Assessor Parcel Number 061-004-064

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 24 Units

Building Details

  • 24 Leased Units
  • 15 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

1.18 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1968
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Gas Range,Gas Water Heater,See Remarks
  • Flooring: Carpet,Tile,Varies by Unit,See Remarks,Linoleum/Vinyl
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,None
  • Listing Price: 2750000.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 24
  • Parking Features: Carport,Street,1 Space Per Unit

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: Multifamily Residential
  • Lot Size Acres: 1.1837
  • Lot Size Sq Ft: 51564

Rental Info

  • Tenant Pays: Electricity,Gas,See Remarks
  • Total # Leasable: 24

Multi Family

  • Income Includes: Coin Operated Equipment,Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 24
  • Number of Month to Month Units: 15
  • Number of Units: 24
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 061-004-064
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

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
Mar 27, 2019
Closed on
May 21, 2019
Sold by
Palm Jr Llc
Bought by
Seller's Agent
Josh Smith
Valley Oak Real Estate
Buyer's Agent
Alberto Guardado
Real Broker Technologies
List Price
$2,750,000
Sold Price
$2,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,890,000
Outstanding Balance
$1,626,689
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2017
Sold by
Bertocchini Carlo
Bought by
Palm Jr Llc

Purchase Details

Closed on
Sep 26, 2014
Sold by
Bertocchini Carlo
Bought by
Bertocchini Carlo and Bertocchini Family Trust

Purchase Details

Closed on
Apr 5, 2004
Sold by
Kunz Jacqueline B
Bought by
Bertocchini Carlo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,106
Interest Rate
5.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 26, 2004
Sold by
Bertocchini Carol
Bought by
Bertocchini Carlo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,106
Interest Rate
5.95%
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
$2,750,000 First American Title Co
Palm Jr Llc $2,050,000 First American Title Company
Bertocchini Carlo -- None Available
Bertocchini Carlo $1,125,000 First American Title Co
Bertocchini Carlo -- First American Title Co
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 $1,000,000
Open Da Orrick Llc $1,890,000
Previous Owner Bertocchini Carlo $237,899
Previous Owner Bertochinni Carlo $1,200,000
Previous Owner Bertocchini Carlo $264,106
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
05/31/2019 05/31/19 Sold $2,750,000 0.0% $3,333 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $2,750,000 -- $3,333 / 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 $1,058 $73,648 $6,035 $67,613
2025 $1,106 $72,205 $5,917 $66,288
2024 $1,098 $70,790 $5,801 $64,989
2023 $1,098 $69,403 $5,688 $63,715
2022 $1,078 $68,043 $5,577 $62,466
2021 $1,048 $66,710 $5,468 $61,242
2020 $1,017 $66,027 $5,412 $60,615
2019 $1,025 $66,027 $5,412 $60,615
2018 $1,015 $63,464 $5,202 $58,262
2017 $1,028 $62,220 $5,100 $57,120
2016 $1,134 $76,000 $19,000 $57,000
2015 $1,067 $76,000 $19,000 $57,000
2014 $959 $68,000 $5,000 $63,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 19018631

MetroList
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