NOT LISTED FOR SALE

Estimated Value: $2,252,852

Studio
-- Bath
14,999 Sq Ft
$150/Sq Ft Est. Value

Last Sold December 11, 2024

Last sale price $2,300,000 $153 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $14,133/month

53 Days on Market

Highlights

  • Wood Flooring
  • Brick or Stone Mason
  • Level Lot
  • No HOA
  • Storage
  • Radiant Heating System

About This Home

As of December 2024

341 Georgia St is a pride of ownership building located in the Vallejo city center, showcasing a blend of modern upgrades and preserved Victorian charm. All residential units, 8 in total, and one of the two commercial units have been fully renovated to contemporary standards. These renovated units boast high ceilings, stainless steel appliances, including microwaves and dishwashers, new kitchen cabinetry with countertops, vinyl plank flooring, updated bathrooms, and modern lighting fixtures. Despite these updates, the building still retains its original and beautifully designed Victorian features such as picture rail moldings, built-in bedroom cabinets, large bay windows, and exposed brick walls, adding a unique character and appeal. The strategic improvements made to the property, coupled with its prime location, have enabled the current owner to command rents close to market rates for the area. Additionally, there are opportunities for the new owner to increase revenue by leasing the currently vacant retail and storage spaces, further enhancing the building's performance.

Last Agent to Sell the Property

Ethan Berger

NAI Northern California License #01868467 Listed on: 07/19/2024

Last Buyer's Agent

Mala Mahlebashian

Winkler Real Estate Group License #01886058

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,500 Sq Ft Lot
  • Level Lot

Parking

  • Parking Lot

Home Design

  • Brick or Stone Mason
  • Composition Roof
  • Masonry

Interior Spaces

  • 14,999 Sq Ft Home
  • Storage

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • Radiant Heating System
  • Separate Meters
  • Individual Gas Meter

Community Details

  • No Home Owners Association
  • Bridge Aor Association

Listing and Financial Details

  • Tax Tract Number 2509

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: 5 or More Units
  • Property Type: COMM RI MULTI-UNITS 5+
  • Lot Features: Level
  • LotSizeAcres: 0.15
  • Has HOA?: No
  • Co List Office Mls Id: OBOJMTB
  • Special Conditions: Standard
  • Directions: corner of Georgia & Marin St
  • Basement: None
  • Has Basement?: No
  • Has Cooling?: No
  • Living Area: 14999
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer
  • Flooring: Tile, Vinyl, Carpet, Wood
  • Interior Amenities: Storage

Exterior Features

  • Construction Type: Brick, Masonry
  • Roof: Composition

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: No
  • Has Attached Garage?: No
  • Parking Features: Parking Lot

Utilities

  • Cooling: None
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Individual Electric Meter, Individual Gas Meter
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Bridge AOR

Lot Info

  • Lot Size Sq Ft: 6500

Tax Info

  • Tax Tract: 2509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Nov 11, 2024
Sold by
Georgia Mu Partners Llc
Bought by
Lb Ventures Llc
Seller's Agent
Ethan Berger
NAI Northern California
Buyer's Agent
Mala Mahlebashian
Winkler Real Estate Group
List Price
$2,400,000
Sold Price
$2,300,000
Premium/Discount to List
-$100,000
-4.17%
Views
18
Current Estimated Value
$2,252,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,148
Avg. Annual Appreciation
-1.82%
Original Mortgage
$1,000,000
Outstanding Balance
$989,281
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$1,263,571

Purchase Details

Listed on
Sep 1, 2017
Closed on
Oct 30, 2017
Sold by
Sylvain James Roland and Estate Of Richard Andrew Sylva
Bought by
Georia Mu Partners Llc
Seller's Agent
Tim Hiemstra
Napa River Realty
List Price
$1,503,000
Sold Price
$1,503,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%

Purchase Details

Closed on
Mar 1, 2002
Sold by
Peik Brad A and Sylvain Richard
Bought by
Sylvain Richard

Purchase Details

Closed on
May 22, 2000
Sold by
Ross Al 1992 Revocable Trust and Terry Ross
Bought by
Peik Bradford and Sylvain Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
8.08%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Lb Ventures Llc $2,300,000 Chicago Title
Lb Ventures Llc $2,300,000 Chicago Title
Georia Mu Partners Llc $1,503,000 Fidelity National Title Co
Sylvain Richard -- --
Peik Bradford $130,000 Frontier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lb Ventures Llc $1,000,000
Closed Lb Ventures Llc $1,000,000
Previous Owner Peik Bradford $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2024 12/11/24 Sold $2,300,000 -4.2% $153 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $2,400,000 +59.7% $160 / Sq Ft
11/03/2017 11/03/17 Sold $1,503,000 0.0% $103 / Sq Ft View Prior Sale
09/05/2017 09/05/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $1,503,000 -- $103 / Sq Ft
Source: bridgeMLS

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 $29,071 $2,300,000 $345,000 $1,955,000
2024 $29,071 $1,700,566 $195,214 $1,505,352
2023 $26,967 $1,643,747 $191,387 $1,452,360
2022 $29,164 $1,611,518 $187,635 $1,423,883
2021 $33,756 $1,579,920 $183,956 $1,395,964
2020 $27,911 $1,563,721 $182,070 $1,381,651
2019 $21,003 $1,533,060 $178,500 $1,354,560
2018 $20,256 $1,503,000 $175,000 $1,328,000
2017 $14,532 $989,400 $71,400 $918,000
2016 $3,068 $185,846 $85,017 $100,829
2015 $3,040 $183,055 $83,740 $99,315
2014 $5,237 $179,470 $82,100 $97,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41067155

bridgeMLS

APN: 0056-192-050