$489,900
SOLD OCT 26, 2018

303 Colusa St Orland, CA 95963

6 Beds
4 Baths
2,392 Sq Ft
8,453 Sq Ft Lot

Recently Sold

$205 Per Sq Ft

2% Above List Price

8 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-minute walk to Orland City Parks
  • No HOA

About This Home

As of April 2019

Great investment Opportunity. All units have been upgraded and remodeled...this is listed at a 9 gross rents when all others are being listed at 10 or 11 gross rents...The original home was split into a duplex with a 3bd 1 bath unit and a 2 bed 1 bath unit. Renting for 1070 and 800...then we believe in the 80's a 4 plex was built on the property with 4 -1 bed 1 bath units. Renting for 645...The is also a laundry room that was created in the breezeway between the two units...

Last Agent to Sell the Property

Mike Stearns

eXp Realty of California, Inc. License #01305251 Listed on: 09/24/2018

eXp Realty of California, Inc.

Last Buyer's Agent

Tanya Irish

NextHome North Valley Realty License #01971303

NextHome North Valley Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 8,453 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,392 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, telephone
  • Assessor Parcel Number 040213007000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Insurance Expense $2,280
  • Pest Control $570
  • Trash Expense $1,272
  • Water Sewer Expense $3,600
  • New Taxes Expense $4,790
  • Operating Expense $12,932
  • Gross Income $54,360
  • Net Operating Income $3,373

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Other Phone Description: David
  • Other Phone Number: 530-933-6825
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 040213007000
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 204.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Outside
  • Pest Control Expense: 570.00
  • Sewer: Public Sewer
  • Trash Expense: 1272.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 8453.00

Rental Info

  • Tenant Pays: Electricity, Telephone

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Electric Expense: 420.00
  • Gross Income: 54360.00
  • Gross Multiplier: 9.00
  • Gross Scheduled Income: 4450.00
  • Insurance Expense: 2280.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 80.00
  • Net Operating Income: 3373.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 4
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Number With Patio: 1
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 1078.00
  • Other Income Description: 50/50 Laundry Income split
  • Rent Control: No
  • Total Actual Rent: 4450.00
  • Total Expenses: 12932.00

Tax Info

  • New Taxes Expense: 4790.00
  • Tax Census Tract: 102.00

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
04/10/2019 04/10/19 Sold $520,000 -1.0% $217 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
03/04/2019 03/04/19 Price Changed $525,000 -4.5% $219 / Sq Ft
12/30/2018 12/30/18 For Sale $550,000 +12.3% $230 / Sq Ft
10/26/2018 10/26/18 Sold $489,900 +2.1% $205 / Sq Ft
09/24/2018 09/24/18 For Sale $479,900 -- $201 / 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: SN18232993

California Regional Multiple Listing Service (CRMLS)