NOT LISTED FOR SALE

434 B St Empire, CA 95319

Studio
4 Baths
-- Sq Ft
1.85 Acre Lot

Sale Details

Date Sold: October 29, 2018

Last sale price $2,150,000 $0 Per Sq Ft

6 Days on Market

Highlights

  • No HOA
  • Patio
  • 1-Story Property
  • Cottage
  • Central Heating

About This Home

As of October 2018

19 2br 1ba cottages with fenced yard space and abundant parking make this multi-family complex highly desirable and keeps it 100% occupied. 23 single story units totaling 18,833 sq. ft. on a 1.85 acre lot. Built in 1967, most of the units feature washer/dryer hook-ups and upgraded HVAC systems. Property is well maintained with no significant deferred maintenance. Cap rate of 6.8% is based upon actual 2018 rents and actual 2017 reported expenses. 2018 Tenant Roll and 2017 tax return attached.

Last Agent to Sell the Property

Larry Koch

RE/MAX Executive License #01107631 Listed on: 08/18/2018

RE/MAX Executive

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,841

Year Built

  • Built in 1967

Lot Details

  • 1.85

Parking

  • 75 Open Parking Spaces
  • 1 Car Garage
  • 1 Parking Space Included

Home Design

  • Cottage
  • Composition Roof

Utilities

  • Central Heating
  • 220 Volts
  • Cable TV Available

Additional Features

  • 1-Story Property
  • Patio
  • 1.85 Acre Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 133-003-006-000

Community Details

Overview

  • No Home Owners Association
  • 21 Buildings
  • 23 Units

Building Details

  • 22 Leased Units
  • 22 Units Leased Month-To-Month
  • Insurance Expense $5,321
  • Operating Expense $45,169

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,841

Year Built

Built in 1967

Lot Details

1.85 Acres

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1967
  • Accessibility Features: 0
  • Architectural Style: Cottage/Bungalow
  • Levels: 0
  • Stories: 1
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater,Free Standing Gas Oven,Free Standing Gas Range,Gas Water Heater
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Tile

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Manager Occupies 1 Unit,Rental/Lease Agmts,Seller Property Questionnaire,Transfer Disclosure Statement
  • Listing Price: 2195000.00
  • Patio And Porch Features: Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 75
  • Garage Spaces: 1
  • Parking Features: Open,1+ Space Per Unit
  • Total Parking Spaces: 75

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),Central
  • Electric: 220 Volts
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Owner's Unit,Patios/Balcony,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R2
  • Lot Size Acres: 1.8500
  • Lot Size Sq Ft: 80586

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 23

Multi Family

  • Operating Expense: 45169
  • Income Includes: Rent Only
  • Insurance Expense: 5321
  • Number of Leased Units: 22
  • Number of Month to Month Units: 22
  • Number of Units: 23
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 133-003-006-000
  • Current RE Taxes: 11841

MLS Schools

  • School District (County): Stanislaus

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,553,677
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 18, 2018
Closed on
Oct 5, 2018
Sold by
Bought by
Seller's Agent
Larry Koch
RE/MAX Executive
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$2,195,000
Sold Price
$2,150,000
Premium/Discount to List
-$45,000
-2.05%

Purchase Details

Closed on
Dec 3, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 14, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 26, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 1994
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,250,000 First American Title Co
$2,150,000 First American Title Co
-- --
-- --
$284,000 Fidelity National Title Co
$235,370 North American Title Co
$493,932 --
-- Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,800,000
Previous Owner $1,140,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/29/2018 10/29/18 Sold $2,150,000 -2.1% --
08/23/2018 08/23/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $2,195,000 -- --
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $32,322 $2,397,223 $234,257 $2,162,966
2024 $31,665 $2,350,602 $229,664 $2,120,938
2023 $33,125 $2,303,895 $225,161 $2,078,734
2022 $31,269 $2,259,085 $220,747 $2,038,338
2021 $31,231 $2,215,153 $216,419 $1,998,734
2020 $30,704 $2,192,630 $214,200 $1,978,430
2019 $30,083 $2,150,000 $210,000 $1,940,000
2018 $12,291 $484,141 $168,394 $315,747
2017 $11,984 $474,649 $165,093 $309,556
2016 $11,699 $465,343 $161,856 $303,487
2015 $11,601 $458,354 $159,425 $298,929
2014 $11,466 $449,377 $156,303 $293,074
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Larry Koch

    RE/MAX

    Section Image

  • N

    Buyer's Agent in 2018

    Non-MLS Member

    Non-MLS Office

See All Agents

Map

Source: MetroList

MLS Number: 18057342

MetroList
California Stanislaus County Empire 95319

434 B St, Empire, CA

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