308 N Washington St Sonora, CA 95370
Estimated payment $10,105/month
Highlights
- No HOA
- Mini Split Air Conditioners
- Carpet
- Laundry Facilities
About This Home
Discover a value-add multifamily opportunity in the heart of downtown Sonora. Washington Square Apartments features 16 well-maintained units, including a single-family home, across a 5,620 square foot building situated on a 17,527 square foot lot. Just steps from the city's shops, restaurants, and civic amenities, the property boasts a history of high occupancy and long-term tenancy, with the average resident staying over 5 years. Recent exterior upgrades including new siding and paint and interior updates in 8 units give new ownership a head start on value-add improvements. Zoned General Commercial, the site also presents potential for future mixed-use or redevelopment. With current rents approximately 15% below market and room to increase utility and parking charges, this asset is ideal for investors seeking strong cash flow and long-term upside in a supply-constrained market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,667
Year Built
- Built in 1949
Home Design
- Raised Foundation
- Frame Construction
Flooring
- Carpet
- Laminate
Parking
- 12 Parking Spaces
- Leased Parking
- On-Street Parking
Utilities
- Mini Split Air Conditioners
- Mini Split Heat Pump
Additional Features
- 2-Story Property
- 0.36 Acre Lot
Listing and Financial Details
- Assessor Parcel Number 001-091-002
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Leased Units
- 10 Units Leased Month-To-Month
- Net Lease
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $15,667 | $1,489,639 | $212,241 | $1,277,398 |
| 2024 | $15,667 | $1,461,015 | $208,080 | $1,252,935 |
| 2023 | $15,429 | $1,428,000 | $204,000 | $1,224,000 |
| 2022 | $9,097 | $843,567 | $369,774 | $473,793 |
| 2021 | $8,900 | $826,584 | $362,524 | $464,060 |
| 2020 | $8,726 | $812,518 | $358,807 | $453,711 |
| 2019 | $8,529 | $805,444 | $351,772 | $453,672 |
| 2018 | $8,620 | $789,021 | $344,875 | $444,146 |
| 2017 | $8,228 | $772,977 | $338,113 | $434,864 |
| 2016 | $8,064 | $757,299 | $331,484 | $425,815 |
| 2015 | $7,933 | $745,419 | $326,505 | $418,914 |
| 2014 | $7,727 | $730,387 | $320,110 | $410,277 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | For Sale | $1,590,000 | +13.6% | $283 / Sq Ft |
| 05/27/2022 05/27/22 | Sold | $1,400,000 | -17.4% | $249 / Sq Ft |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- |
| 04/25/2022 04/25/22 | For Sale | $1,695,000 | -- | $302 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | $625,000 | Fidelity Natl Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $431,800 | Commercial | |
| Previous Owner | $240,000 | Commercial |
Source: MetroList
MLS Number: 225069290
APN: 001-091-002-000
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