NOT LISTED FOR SALE
12 Beds
-- Bath
9,876 Sq Ft
15,002 Sq Ft Lot

Last Sold January 28, 2016

Last sale price $1,465,000 $148 Per Sq Ft

325 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Laundry Facilities
  • 0.34 Acre Lot
  • Cooling Available
  • 5-minute walk to Sheveland Park

About This Home

As of January 2016

Rent roll has increased $770 a month since the building was listed. Cap rate of 6.15% using actual numbers, see the attachments. The building consist of twelve - 1 bedroom, 1 bath apartments. Seven units have been upgraded with hardwood. Frey Place is located in the northwest quadrant of Vallejo, The property has convenient access to Interstate 37, 80 and 780 offering residents easy connections to Marin & East Bay work spots.

Last Agent to Sell the Property

Eric Hoffman

Inactive Office License #01931230 Listed on: 01/26/2015

Last Buyer's Agent

Stella Guinto Jimenez, CCIM

Corcoran Icon Properties License #01834429

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.34

Property Views

  • Bay
  • Panoramic
  • Bridge
  • City Lights

Home Design

  • 9,876 Sq Ft Home
  • Side-by-Side
  • Concrete Foundation

Flooring

  • Wood
  • Carpet

Parking

  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Individual Gas Meter

Additional Features

  • Leased Washer and Dryer
  • 0.34 Acre Lot

Community Details

  • 12 Units
  • Laundry Facilities
  • Gross Income $136,680

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 0051-173-530

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.34 Acres

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Directions To Property: Sacramento St. to Coghlan St to Frey Pl.
  • Lot Size Acres: 0.3444
  • CapRate: 6.15
  • Actual or Scheduled: Actual
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet, Wood
  • Price Per Square Foot: 148.34
  • Square Footage: 9876
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete
  • Lot Features: Cul-De-Sac
  • Roof: Other
  • View: Bay, Bridges, City, City Lights, Panoramic, Water

Garage/Parking

  • Parking Features: Off Street, Side-by-Side, Uncovered
  • Number Of Guest Spaces: 18

Utilities

  • Cooling: Separate
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Natural Gas, Separate, Wall Furnace
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Leased
  • Separate Meters: Electricity, Gas

Association/Amenities

  • Association Features: Extra Storage

Lot Info

  • Assessor Parcel Number: 0051-173-530
  • Lot Size Sq Ft: 15002

Rental Info

  • TenantPays: Cable TV, Electricity, Gas

Building Info

  • Year Built: 1965

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: $800 to $1200
  • Number Of1 Bedrooms Occupied: 12
  • Number of 1 Bedroom Units: 12
  • NumberOfUnitsTotal: 12
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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
01/28/2016 01/28/16 Sold $1,465,000 0.0% $148 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
01/26/2015 01/26/15 For Sale $1,465,000 -- $148 / 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 $39,291 $2,381,348 $378,850 $2,002,498
2024 $39,291 $2,334,656 $371,422 $1,963,234
2023 $36,725 $2,288,880 $364,140 $1,924,740
2022 $35,723 $2,244,000 $357,000 $1,887,000
2021 $34,731 $2,200,000 $350,000 $1,850,000
2020 $27,797 $1,585,761 $286,844 $1,298,917
2019 $26,721 $1,554,669 $281,220 $1,273,449
2018 $24,833 $1,524,186 $275,706 $1,248,480
2017 $23,625 $1,494,300 $270,300 $1,224,000
2016 $17,092 $1,465,000 $249,000 $1,216,000
2015 $11,824 $1,000,000 $170,000 $830,000
2014 $10,742 $900,000 $153,000 $747,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21501581

Bay Area Real Estate Information Services (BAREIS)
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