NOT LISTED FOR SALE

5865 Garden Ave Olivehurst, CA 95961

Linda Area
7 Beds
3 Baths
2,730 Sq Ft
1.08 Acre Lot

Sale Details

Date Sold: December 16, 2013

Last sale price $143,900 $53 Per Sq Ft

180 Days on Market

Highlights

  • 1.08 Acre Lot
  • Refrigerated and Evaporative Cooling System
  • Carpet

About This Home

As of December 2013

Multi-Unit Investment!! 3 detached Homes on large 1.08 acre Lot. All units currently occupied with solid tenants. Current Monthly Rents @ $2,125.00 totaling $25,500.00 gross income per year, with minimal operating expenses. You will find no better return w/ 15% cap rate will pay off itself within 6 years while you continue to receive net gain of 25k per year!!! This is a unique set up with ea. unit possessing a large outside yard area. Sq.Ft. for each unit is an approximation, total between all units is over 2800 Sq.Ft. This is a wonderful investment for long term income w/ low vacancy rate.

Last Agent to Sell the Property

Jennifer Gage

Coldwell Banker Associated Brokers License #01438144 Listed on: 05/07/2013

Last Buyer's Agent

Gene Lee

RE/MAX Westlake Investments License #01350370

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 1.08 Acre Lot

Parking

  • Open Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Raised Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Free-Standing Gas Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Linoleum
  • Laminate

Utilities

  • Refrigerated and Evaporative Cooling System
  • Window Unit Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for trash collection, electricity
  • Assessor Parcel Number 020-132-001-000

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

1.08 Acres

Listing Details

  • Property Type: Residential Income
  • Property Subtype 1: Triplex
  • Stories: 1
  • Year Built: 1948
  • Architectural Style: Ranch
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit, Free Standing Gas Range
  • Other Equipment: None
  • Flooring: Laminate, Linoleum/Vinyl, Varies by Unit, Carpet
  • Price Per Square Foot: 51.03

Exterior Features

  • Construction Materials: Wood, Frame
  • Disclosures/Documents: Rental/Lease Agmts
  • Foundation: Raised
  • Listing Price: 159000.00
  • Roof: Flat, Composition

Garage/Parking

  • Parking Features: Varies by Unit, Open

Utilities

  • Sewer: Public Sewer
  • Cooling: Varies by Unit, Window Unit(s), Evaporative Cooler
  • Heating: Varies by Unit, Wall Furnace

Condo/Co-op/Association

  • Association Features: Varies By Unit, Yard Space, Laundry Hook-Up in Units

Schools

  • Senior High School District: Marysville Joint

Lot Info

  • Irrigation: Public District
  • Lot Size Acres: 1.0800
  • Lot Size Sq Ft: 47045

Rental Info

  • Tenant Pays: Trash Collection, Electricity
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Units: 3

Tax Info

  • Assessor Parcel Number: 020-132-001-000

MLS Schools

  • School District (County): Yuba

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

Listed on
May 7, 2013
Closed on
Dec 10, 2013
Sold by
Bought by
Seller's Agent
Jennifer Gage
Coldwell Banker Associated Brokers
Buyer's Agent
Gene Lee
RE/MAX Westlake Investments
List Price
$174,900
Sold Price
$143,900
Premium/Discount to List
-$31,000
-17.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,925
Outstanding Balance
$77,860
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 18, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2005
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
$200,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 2003
Sold by
Bought by

Purchase Details

Closed on
May 17, 2003
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
$64,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
$144,000 Old Republic Title Company
$69,500 Orange Coast Title Company
$80,000 Accommodation
-- Old Republic Title Company
-- Old Republic Title Company
$100,000 Old Republic Title Company
-- --
-- First Amer Title Co Sutter Y
$160,000 First Amer Title Co Sutter Y
-- --
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 $107,925
Previous Owner $295,000
Previous Owner $200,000
Previous Owner $64,000
Previous Owner $60,400
Previous Owner $62,500
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
12/16/2013 12/16/13 Sold $143,900 -17.7% $53 / Sq Ft
11/03/2013 11/03/13 Pending -- -- --
05/07/2013 05/07/13 For Sale $174,900 -- $64 / Sq Ft
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
2026 $2,244 $179,915 $31,253 $148,662
2025 $2,191 $176,389 $30,641 $145,748
2023 $2,191 $169,542 $29,452 $140,090
2022 $2,129 $166,219 $28,875 $137,344
2021 $2,100 $162,960 $28,309 $134,651
2020 $2,085 $161,290 $28,019 $133,271
2019 $2,045 $158,128 $27,470 $130,658
2018 $1,929 $155,029 $26,932 $128,097
2017 $1,875 $151,990 $26,404 $125,586
2016 $1,863 $149,011 $25,887 $123,124
2015 $1,828 $146,774 $25,499 $121,275
2014 $1,804 $143,900 $25,000 $118,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 201122508

MetroList
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