Seller's Agent in 2022
Noor Sahota
Erick Motta Broker/Referral
(213) 400-0111
1 in this area
3 Total Sales
704 N Lake St Madera, CA 93638
North Madera Neighborhood
32
Beds
16
Baths
13,478
Sq Ft
0.55
Acres Lot
Highlights
- 0.55 Acre Lot
- Central Air
- 2-minute walk to Riverside Trail
About This Home
As of October 2022CASH COW! 7.9% GCRHighly desireble and hard find 16 unit apartment complex, all 2 Bedrooms 1 bath in Central Madera. Complex has had good tenancy with very little vacancies. Seller has upgraded 4 of the units for rent imporvements but there is stiill a big area of opportunity. GCR is at 7.9% PFwith the additional income from coin laundry. All Units have covered parking. Seller will collobarete with a 1031 exchange. If you are looking for a solid investment, this may be the one for you.
Last Agent to Sell the Property
Erick Motta Broker/Referral License #01422731 Listed on: 05/18/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 23,949 Sq Ft Lot
- Sprinkler System
Home Design
- Composition Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 13,478 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 32 Bedrooms
- 16 Bathrooms
Parking
- Covered Parking
- Uncovered Parking
Utilities
- Central Air
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas, trash collection, cable TV
Community Details
Overview
- 4 Buildings
- 16 Units
Building Details
- Gross Income $149,918
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2022 10/06/22 | Sold | $1,750,000 | -4.9% | $130 / Sq Ft | |
| 07/14/2022 07/14/22 | Pending | -- | -- | -- | |
| 07/07/2022 07/07/22 | Price Changed | $1,840,000 | -2.6% | $137 / Sq Ft | |
| 06/20/2022 06/20/22 | For Sale | $1,890,000 | 0.0% | $140 / Sq Ft | |
| 06/19/2022 06/19/22 | Pending | -- | -- | -- | |
| 06/19/2022 06/19/22 | For Sale | $1,890,000 | 0.0% | $140 / Sq Ft | |
| 05/31/2022 05/31/22 | Pending | -- | -- | -- | |
| 05/18/2022 05/18/22 | For Sale | $1,890,000 | +55.9% | $140 / Sq Ft | |
| 01/08/2019 01/08/19 | Sold | $1,212,000 | -13.1% | $90 / Sq Ft | View Prior Sale |
| 10/02/2018 10/02/18 | Pending | -- | -- | -- | |
| 09/07/2018 09/07/18 | Price Changed | $1,395,000 | -3.7% | $104 / Sq Ft | |
| 08/29/2018 08/29/18 | For Sale | $1,449,000 | 0.0% | $108 / Sq Ft | |
| 07/27/2018 07/27/18 | Pending | -- | -- | -- | |
| 07/11/2018 07/11/18 | For Sale | $1,449,000 | -- | $108 / Sq Ft |
Source: Fresno MLS
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 | $21,184 | $1,829,500 | $249,696 | $1,579,804 |
| 2023 | $21,184 | $1,758,000 | $240,000 | $1,518,000 |
| 2022 | $14,735 | $1,282,026 | $141,908 | $1,140,118 |
| 2021 | $14,460 | $1,257,046 | $139,126 | $1,117,920 |
| 2020 | $14,727 | $1,244,240 | $137,700 | $1,106,540 |
| 2019 | $12,690 | $1,058,000 | $135,000 | $923,000 |
| 2018 | $11,936 | $1,058,000 | $135,000 | $923,000 |
| 2017 | $10,111 | $888,000 | $120,000 | $768,000 |
| 2016 | $10,054 | $888,000 | $120,000 | $768,000 |
| 2015 | $7,474 | $658,000 | $200,000 | $458,000 |
| 2014 | $7,154 | $661,180 | $200,000 | $461,180 |
Source: Public Records
Agents Affiliated with this Home
-
Noor Sahota
-
Erick Motta
Seller Co-Listing Agent in 2022
Erick Motta
3D Realty
(408) 420-0136
1 in this area
18 Total Sales
-
Jorge Cuevas
Buyer's Agent in 2022
Jorge Cuevas
Real Broker
(559) 474-7832
15 in this area
105 Total Sales
-
Lisa Hughes
Seller's Agent in 2019
Lisa Hughes
Land Company Real Estate
(559) 706-7450
78 Total Sales
-
Jaymee Willhite
Seller Co-Listing Agent in 2019
Jaymee Willhite
Land Company Real Estate
(559) 223-0223
25 Total Sales
-
G
Buyer's Agent in 2019
General NONMEMBER
NONMEMBER MRML
Map
Source: Fresno MLS
MLS Number: 578032
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