NOT LISTED FOR SALE
8 Beds
10 Baths
4,332 Sq Ft
9,052 Sq Ft Lot

Sale Details

Date Sold: July 31, 2023

Last sale price $1,780,000 $411 Per Sq Ft

342 Days on Market

Highlights

  • Contemporary Architecture
  • Simulated Wood
  • Laundry Facilities
  • San Marin High School Rated A-
  • Landscaped
  • Washer and Dryer

About This Home

As of July 2023

6-2BR/1BA apartments with great floorplans. Compact, yet offering enough room for a separate dining area. Kitchens feature an all-electric design with dishwashers. All apartments have a private balcony. Built in 1976, the property appears to be in good overall condition. The building is all electric, except for a gas meter for the house water heater. Heating is radiant electric in the ceilings with separate area thermostats. Units are separately metered for electricity and the tenants pay their own. There is an on-site laundry room with brand new owned equipment. Each apartment has an extra storage room in the carport area. Huge upside in rental income from long-term tenants. Now priced to sell at 14.0 times current low income or 11.2 times conservative market income

Last Agent to Sell the Property

Michael Burke

Golden Gate Sotheby's License #00454938 Listed on: 07/19/2022

Golden Gate Sotheby's

Co-Listed By

Pamela Burke

Golden Gate Sotheby's License #02156257

Golden Gate Sotheby's

Last Buyer's Agent

Pamela Burke

Golden Gate Sotheby's License #02156257

Golden Gate Sotheby's
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 9,052 Sq Ft Lot
  • Landscaped

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Shingle Roof
  • Tar and Gravel Roof

Interior Spaces

  • 8 Bedrooms
  • 4,332 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Simulated Wood
  • Carpet

Parking

  • 2 Open Parking Spaces
  • 18 Parking Spaces
  • 8 Carport Spaces
  • Off-Street Parking

Utilities

  • No Cooling
  • Radiant Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 6 Units
  • Laundry Facilities
  • Gross Income $135,700

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 153-055-07

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

9,052 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: From US 101, downtown Diablo exit. Right on Reichert, right on Grant past Smart tracks to Railroad Avenue. Right, then immediate left onto Logan Street.
  • Lot Size Acres: 0.2078
  • Stories: 2
  • CapRate: 4.58
  • Signs: Yes
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater
  • Flooring: Carpet, Simulated Wood, Varies By Unit
  • Price Per Square Foot: 410.90
  • Square Footage: 4332.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Landscape Front, Sidewalk
  • Roof: Shingle, Tar/Gravel

Garage/Parking

  • Parking Features: Carport, Off Street, Uncovered
  • Total Parking Spaces: 18.00
  • Carport Spaces: 8.00
  • OpenParkingSpaces: 2.00
  • Tandem Parking Spaces: 8

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Electric, Radiant
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Owned
  • Separate Meters: Electricity

Lot Info

  • Assessor Parcel Number: 153-055-07
  • Lot Size Sq Ft: 9052.00

Rental Info

  • TenantPays: Electricity

Building Info

  • Year Built: 1976

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: $1,677 - $2,195
  • Number Of2 Bedrooms Occupied: 6
  • NumberOfUnitsTotal: 6

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
Jul 19, 2022
Closed on
Sep 12, 2023
Sold by
Bought by
Seller's Agent
Michael Burke
Golden Gate Sotheby's
Buyer's Agent
Pamela Burke
Golden Gate Sotheby's
List Price
$1,995,000
Sold Price
$1,780,000
Premium/Discount to List
-$215,000
-10.78%
Views
274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,063,078
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 19, 2022
Closed on
Jul 31, 2023
Sold by
Bought by
Seller's Agent
Michael Burke
Golden Gate Sotheby's
Buyer's Agent
Pamela Burke
Golden Gate Sotheby's
List Price
$1,995,000
Sold Price
$1,780,000
Premium/Discount to List
-$215,000
-10.78%
Views
274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,063,078
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 16, 2023
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 2020
Sold by
Bought by

Purchase Details

Closed on
Jun 4, 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
$219,300
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Chicago Title Company
$1,780,000 Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
-- None Listed On Document
-- None Available
-- Old Republic 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 $1,100,000
Previous Owner $219,300
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
07/31/2023 07/31/23 Sold $1,780,000 -6.3% $411 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
03/29/2023 03/29/23 Price Changed $1,900,000 -4.8% $439 / Sq Ft
01/05/2023 01/05/23 For Sale $1,995,000 +12.1% $461 / Sq Ft
12/07/2022 12/07/22 Off Market $1,780,000 -- --
10/31/2022 10/31/22 Price Changed $1,995,000 -4.8% $461 / Sq Ft
09/19/2022 09/19/22 Price Changed $2,095,000 -4.6% $484 / Sq Ft
07/19/2022 07/19/22 For Sale $2,195,000 -- $507 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $26,347 $1,851,815 $775,098 $1,076,717
2025 $26,347 $1,815,552 $759,900 $1,055,652
2024 $25,859 $1,780,000 $745,000 $1,035,000
2023 $27,211 $1,912,452 $739,500 $1,172,952
2022 $9,712 $377,675 $62,175 $315,500
2021 $9,685 $370,288 $60,944 $309,344
2020 $9,601 $366,516 $60,319 $306,197
2019 $8,960 $359,378 $59,137 $300,241
2018 $8,764 $352,378 $57,977 $294,401
2017 $8,555 $345,518 $56,841 $288,677
2016 $8,097 $338,790 $55,726 $283,064
2015 $7,905 $333,737 $54,889 $278,848
2014 $7,577 $327,248 $53,814 $273,434
Source: Public Records

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 322068360

Bay Area Real Estate Information Services (BAREIS)

APN: 153-055-07

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