$1,000,000
SOLD MAR 12, 2025

31216 Sullivan Rd Gustine, CA 95322

8 Beds
6 Baths
5,500 Sq Ft
36.68 Acres

Recently Sold

$182 Per Sq Ft

20% Below List Price

76 Days on Market

About This Home

As of March 2025

Nearly 36 Acres of Agricultural Land with residential rental income. This has CCID Central California Irrigation District is the water source for agricultural, and a private domestic well is for the houses. This has its own ag producing pump from the canal of CCID with approximately 1500 gallons per minute of water from individual canal distribution service and pump. It also has a return system for flood irrigation. Every 35 feet has an outlet for water to make flood irrigation a breeze. The three residential units have long term tenants in place. One domestic well supplies water for all the houses but each house has its own power, septic and gas service. Ground has just been cleared of all trees and ready for any kind of crops ie: almonds, tomatoes, alfalfa, corn and so much more!

Last Agent to Sell the Property

Tony LoBue

Dual Pride Properties License #01743068 Listed on: 12/19/2024

Last Buyer's Agent

Angela Perry

Century 21 Select Real Estate License #01214265

Century 21 Select Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1985

Home Design

  • 5,500 Sq Ft Home
  • Shingle Roof
  • Modular or Manufactured Materials

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters
  • Propane
  • Individual Gas Meter
  • Well
  • Septic Tank

Additional Features

  • 36.68 Acre Lot
  • Horses Potentially Allowed on Property

Listing and Financial Details

  • Total Actual Rent $60,000

Community Details

Overview

  • 5,500 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $2,500
  • Operating Expense $6,500
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

0

Listing Details

  • Zoning: A-1
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Living Sq Ft: 5500

Exterior Features

  • Roof: Shingle
  • Horse Property: Possible
  • Construction Type: Modular

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Parking Area
  • Carport Min: 2

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Septic Standard

Lot Info

  • Lot Acres: 36.6759
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1597601.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1597601.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.33
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Propane On Site
  • Expense Insurance: 2500
  • Expenses Total: 6500
  • Income Annual Gross: 60000.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60000
  • Income Includes: Lease
  • Meters: Master Gas, Separate Electric
  • Number Of Buildings: 3
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2024
Sold by
Lo Bue Tony Victor
Bought by
Tony V Lobue Trust and Lobue
Current Estimated Value
$988,620

Purchase Details

Closed on
Oct 24, 2000
Sold by
Lobue Sal and Lobue Nancy
Bought by
Loblue Tony Victor
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 -- None Listed On Document
Grant Deed -- None Listed On Document
Gift Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2025 03/12/25 Sold $1,000,000 -9.1% $182 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
02/04/2025 02/04/25 Price Changed $1,099,888 -4.4% $200 / Sq Ft
01/31/2025 01/31/25 Price Changed $1,150,000 -8.0% $209 / Sq Ft
12/19/2024 12/19/24 For Sale $1,250,000 -- $227 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $5,120 $488,830 $279,723 $209,107
2024 $5,120 $479,247 $274,239 $205,008
2023 $5,002 $469,865 $268,862 $201,003
2022 $4,913 $460,651 $263,591 $197,060
2021 $4,845 $451,621 $258,423 $193,198
2020 $4,796 $446,993 $255,774 $191,219
2019 $4,711 $438,228 $250,759 $187,469
2018 $4,610 $429,636 $245,843 $183,793
2017 $4,373 $407,979 $241,023 $166,956
2016 $4,198 $386,744 $236,298 $150,446
2015 $4,349 $404,002 $232,749 $171,253
2014 $3,983 $388,708 $228,190 $160,518
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81988818

MLSListings

APN: 069-270-011