NOT LISTED FOR SALE
1 Bed
1 Bath
575 Sq Ft
10,751 Sq Ft Lot

Last Sold August 11, 2021

Last sale price $1,800,000 $3,130 Per Sq Ft

116 Days on Market

Highlights

  • Private Lot
  • Engineered Wood Flooring
  • Side by Side Parking
  • Winston Churchill Middle School Rated A-
  • No HOA
  • Coin Laundry

About This Home

As of August 2021

Colliers International is pleased to present 3911 Watt Avenue, an eleven (11) unit apartment community located in Arden-Arcade. The Palm Apartments is a two-story garden-style complex built in 1958 with a laundry facility on-site, ample parking, storage lockers, garden/BBQ area and gated entrance. 9 of the 11 units have been completely remodeled. 7 of the units are 1bed/1bath and 4 of the units are 2bed/1bath. Please request marketing package from listing agent.

Last Agent to Sell the Property

Matthew Sarro

Collier's International CA, Inc. License #01942991 Listed on: 02/23/2021

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 10,751 Sq Ft Lot
  • Private Lot

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property

Flooring

  • Engineered Wood
  • Laminate
  • Vinyl

Parking

  • 12 Parking Spaces
  • Side by Side Parking
  • Uncovered Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • 220 Volts
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 254-0280-032-0000

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Amenities

  • Coin Laundry

Building Details

  • 11 Leased Units
  • 11 Units Leased Month-To-Month
  • Insurance Expense $2,602
  • Maintenance Expense $5,500
  • Other Expense $35,267
  • Professional Management Expense $7,029

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1958
  • Stories: 2
  • Number of One Bedroom Units: 7
  • Number of Two Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Simulated Wood, Laminate, Vinyl, Wood, Varies by Unit

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Concrete, Slab
  • Listing Price: 1825000.00
  • Lot Features: Private

Garage/Parking

  • Parking Features: Side-by-Side, Uncovered
  • Total Parking Spaces: 12

Utilities

  • Security: None
  • Sewer: Public Sewer
  • Utilities: Other
  • Cooling: Window Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: SPA
  • Irrigation: Other
  • Lot Size Acres: 0.2468
  • Lot Size Sq Ft: 10751

Rental Info

  • Total # Leasable: 11

Multi Family

  • Gross Income: 144689
  • Income Includes: Laundry,Other
  • Insurance Expense: 2602
  • Maintenance Expense: 5500
  • Number of Leased Units: 11
  • Number of Month to Month Units: 11
  • Number of Units: 11

Tax Info

  • Assessor Parcel Number: 254-0280-032-0000
  • Bonds/Assessments/Taxes Description: Other
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Sacramento

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/11/2021 08/11/21 Sold $1,800,000 -4.3% $3,130 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
06/09/2021 06/09/21 For Sale -- -- --
05/24/2021 05/24/21 Pending -- -- --
04/07/2021 04/07/21 For Sale -- -- --
02/23/2021 02/23/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $1,880,000 -- $3,270 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221009696

MetroList