NOT LISTED FOR SALE

404 Lake St Cloverdale, CA 95425

4 Beds
17 Baths
4,788 Sq Ft
0.27 Acres

Last Sold October 25, 2023

Last sale price $1,070,000 $223 Per Sq Ft

74 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Laundry Facilities
  • 8 Car Detached Garage
  • Baseboard Heating

About This Home

As of October 2023

Present in the heart of Cloverdale, this well-positioned income producing apartment complex comprises seven units, situated on a corner lot. The diverse unit configuration includes two cozy studio units, three spacious 2-bedroom/2-bathroom units, and two comfortable 1-bedroom/1-bathroom units. Five of the units boast small fenced-in areas.This property offers residents the convenience of an onsite coin-operated laundry room, and covered parking spaces. Each unit has a separate electric meter.

Last Agent to Sell the Property

Shiela Frye

W Real Estate License #02128792 Listed on: 08/04/2023

W Real Estate

Co-Listed By

Vicki Thiessen

W Real Estate License #01706979

Last Buyer's Agent

Isaiah Chass

Livxplore Real Estate & Lifest License #02080155

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.27 Acre Lot
  • Corner Lot

Home Design

  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 4 Bedrooms
  • 4,788 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Free-Standing Electric Range

Flooring

  • Carpet
  • Linoleum
  • Tile

Parking

  • 8 Car Detached Garage
  • 8 Carport Spaces
  • On-Street Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • 220 Volts
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-195-009-000

Community Details

Overview

  • 7 Units
  • Doyle & Overton Add Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $70,920

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: Citrus Fair Drive to S Cloverdale Blvd right on Lake St - property at end of street on the left.
  • Lot Size Acres: 0.2690
  • Stories: 2
  • CapRate: 4.50
  • Year Built Details: Unknown
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Free Standing Electric Range
  • Accessibility Features: None
  • Flooring: Carpet, Linoleum, Tile, Varies By Unit
  • Price Per Square Foot: 223.48
  • Square Footage: 4788.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter, Pillar/Post/Pier
  • Lot Features: Corner, Curb(s), Sidewalk
  • Property Condition: Varies By Unit
  • Roof: Composition

Garage/Parking

  • Parking Features: Covered, Detached, Street
  • Total Parking Spaces: 8.00
  • Carport Spaces: 8.00

Utilities

  • Cooling: None
  • Electric: 220 Volts
  • Security Features: Smoke Detector, Varies By Unit
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Meter Paid, Meter Required, Water District
  • Heating: Baseboard, Electric
  • Laundry Features: Coin Operated, In Common Area
  • Separate Meters: Electricity

Lot Info

  • Assessor Parcel Number: 001-195-009-000
  • Lot Size Sq Ft: 11718.00

Multi Family

  • 1 Bedroom Rent Range: 1015-1075
  • Two Bedroom Rent Range: 1195
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 2
  • Number of Studio Units: 2
  • NumberOfUnitsTotal: 7
  • Number Studios Occupied: 2
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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 List to Sale Price per Sq Ft
10/25/2023 10/25/23 Sold $1,070,000 -8.9% $223 / Sq Ft
10/17/2023 10/17/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $1,175,000 -- $245 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $11,646 $938,379 $368,630 $569,749
2024 $11,646 $920,186 $361,402 $558,784
2023 $11,646 $542,712 $229,053 $313,659
2022 $7,104 $532,126 $224,562 $307,564
2021 $7,019 $521,748 $220,159 $301,589
2020 $6,998 $516,428 $217,902 $298,526
2019 $6,871 $506,358 $213,630 $292,728
2018 $6,480 $496,486 $209,442 $287,044
2017 $6,378 $486,807 $205,336 $281,471
2016 $6,270 $477,597 $201,310 $276,287
2015 $5,982 $470,191 $198,287 $271,904
2014 $5,801 $461,036 $194,403 $266,633
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323051536

Bay Area Real Estate Information Services (BAREIS)