NOT LISTED FOR SALE

537 E Locust St Lodi, CA 95240

Downtown Lodi Neighborhood

Estimated Value: $352,238 - $396,000

3 Beds
2 Baths
1,577 Sq Ft
$241/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $295,000 $187 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,290/month

71 Days on Market

Highlights

  • Wood Flooring
  • Tile Countertops
  • 1-Story Property
  • 2 Car Detached Garage
  • Cabin

About This Home

As of May 2018

Perfect investment property; two unit can be rented or live in one and rent the second one. Front unit feature 2 bedroom, 1 bathroom +/-954 SQFT. Back unit Feature 1 Bedroom, 1 bathroom, +/-623 SQFT. Conveniently located, proximity to downtown, shopping area and freeway.

Last Agent to Sell the Property

David Mella

Intero Real Estate Services License #01770381 Listed on: 02/22/2018

Intero Real Estate Services

Last Buyer's Agent

David Mella

Intero Real Estate Services License #01770381 Listed on: 02/22/2018

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1917

Lot Details

  • 8,499 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Cabin
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,577 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Cooktop
  • Range Hood
  • Tile Countertops

Flooring

  • Wood
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $13,200

Community Details

Overview

  • 1,577 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $650
  • Maintenance Expense $500
  • Manager Expense $150
  • Operating Expense $5,725
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Year Built

1917

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Style: Cabin, Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1577
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1917

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Tile, Hood Over Range
  • Living Sq Ft: 1577
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1951
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.35
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 650
  • Expense Maintenance: 500
  • Expense Management: 150
  • Expenses Total: 5725
  • Income Annual Gross: 13200.00
  • Income Annual Rental: 13200
  • Income Gross Scheduled: 13200
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
05/31/2018 05/31/18 Sold $295,000 0.0% $187 / Sq Ft
05/05/2018 05/05/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $295,000 -- $187 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $3,587 $335,656 $96,714 $238,942
2024 $3,488 $329,075 $94,818 $234,257
2023 $3,436 $322,623 $92,959 $229,664
2022 $3,358 $316,298 $91,137 $225,161
2021 $3,418 $310,097 $89,350 $220,747
2020 $3,328 $306,918 $88,434 $218,484
2019 $598 $59,026 $12,386 $46,640
2018 $666 $57,870 $12,144 $45,726
2017 $651 $56,736 $11,906 $44,830
2016 $611 $55,624 $11,673 $43,951
Source: Public Records

Agents Affiliated with this Home

  • David Mella

    Seller's Agent in 2018

    David Mella

    Intero Real Estate Services

    (408) 256-0793

    25 Total Sales

    David Mella
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Map

Source: MLSListings

MLS Number: ML81693520

MLSListings

APN: 043-202-15

California San Joaquin County Lodi 95240 Downtown Lodi

537 E Locust St, Lodi, CA

Not Listed for Sale

MultiFamily

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