NOT LISTED FOR SALE

473-455 Johnstonville Rd Susanville, CA 96130

4 Beds
2 Baths
-- Sq Ft
3.2 Acres

Last Sold November 20, 2017

Last sale price $420,000

616 Days on Market

About This Home

As of November 2017

Major Price reduction. Seller is READY to sell. The Gables in Johnstonville is a unique property with major potential. This property has 7 - 1 bedroom, 1 bath units, 1 - 3 bedroom, 1 bath house and a fully equipped restaurant (restaurant is vacant). The property was built as a roadside motel along highway 395 with a restaurant and owners house. The previous owners performed extensive remodeling and upgrading to the restaurant and rental units. All rental units are currently occupied and easy to rent. The current rent roll is $4,050.00 and is 100% occupied. There is potential for additional rentals with 3 cabins that need renovation as well as an apartment above the restaurant that is currently used for storage and the option to operate or rent out the restaurant. The incredible opportunities available with this property is more than I can write in the listing. Call listing agent for more information and cash flow details.

Last Agent to Sell the Property

VICKI LOZANO

MT. LASSEN PROPERTIES License #00975314 Listed on: 02/24/2016

Last Buyer's Agent

VICKI LOZANO

MT. LASSEN PROPERTIES License #00975314 Listed on: 02/24/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 3.2 Acre Lot

Home Design

  • Shingle Roof
  • Wood Siding
  • Stucco Exterior
  • Concrete Perimeter Foundation

Utilities

  • Heating System Uses Propane
  • Heating System Powered By Leased Propane
  • Well
  • Electric Water Heater
  • Septic System

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 116-100-08

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: Highway 395 North
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Age: 65
  • Basement Foundation: Perimeter Foundation
  • Year Built: 1950

Exterior Features

  • Roof: Shingle
  • Exterior: Stucco, Wood Siding

Utilities

  • Electric: LMUD
  • Gas/Propane: STAUB Energy, Leased Tank
  • Heating: Propane, Monitor Type
  • Sewer: Septic
  • Water Supply: Well
  • Water Heater: Electric

Schools

  • School District: JOHNSTONVL
  • Schools: JOHNSTONVL

Lot Info

  • Lot Dimension Front: 373
  • Lot Dimension Left: 291
  • Acres: 3.2
  • Zoning: CTF
  • Assessor Parcel Number: 116-100-08

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/20/2017 11/20/17 Sold $420,000 -35.4% --
11/01/2017 11/01/17 Pending -- -- --
02/24/2016 02/24/16 For Sale $650,000 -- --
Source: Lassen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lassen Association of REALTORS®

MLS Number: 201600094

Lassen Association of REALTORS®