NOT LISTED FOR SALE
30 Beds
4 Baths
2,502 Sq Ft
0.52 Acre Lot

Sale Details

Date Sold: February 12, 2021

Last sale price $2,225,000 $889 Per Sq Ft

126 Days on Market

Highlights

  • 0.52 Acre Lot
  • Video Cameras
  • Tile Flooring
  • Double Pane Windows
  • Solar Water Heater
  • Ceiling Fan

About This Home

As of February 2021

This property has been well maintained and it shows. The building is 100% occupied with all tenants paying since April, except for one. Rents are below market and RUBS could be instituted in order to increase the income. Updated interiors in most units. Excellent cash flow day one for next owner! 6.0% CAP on in place rents - priced to sell!

Last Agent to Sell the Property

Michael Mathios

Cushman & Wakefield License #01252862 Listed on: 08/05/2020

Last Buyer's Agent

Chris Kontos

John Meyer Realty License #01802556

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.52

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Free-Standing Electric Range
  • Leased Washer and Dryer

Flooring

  • Carpet
  • Laminate
  • Tile

Home Security

  • Video Cameras
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Solar Water Heater
  • 22,499 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, rent only
  • Assessor Parcel Number 139-174-11

Community Details

Overview

  • 26 Units

Building Details

  • 26 Leased Units
  • 16 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.52 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Stories: 2
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Appliances: Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater, Solar Water Heater
  • Flooring: Carpet, Laminate, Tile, LVYN
  • Laundry Features: Washer/Dryer Leased
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Slab
  • Roof: Flat

Garage/Parking

  • Parking Features: Open, Street

Utilities

  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Natural Gas, Wall Furnace
  • Security Features: Carbon Mon Detector, Secured Access, Smoke Detector, Video System

Association/Amenities

  • Association Features: Manager's Office, Separate Laundry Facility

Lot Info

  • Assessor Parcel Number: 139-174-11
  • Lot Size Acres: 0.5165
  • Lot Size Sq Ft: 22499.00
  • Lot Size Units: Acres
  • Price Per Acre: 4307841.24
  • Zoning: CO

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Rent Only
  • Number Of Units Month To Month: 16
  • Units Furnished: None

Building Info

  • Number of Units Total: 26

Multi Family

  • Number of Studio Units: 2
  • Number Of Units Leased: 26
  • Total Number Leasable: 26
  • Total Number Section8: 3

MLS Schools

  • School District County: San Joaquin
  • Senior High School District: Stockton Unified

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
Aug 5, 2020
Closed on
Feb 8, 2021
Sold by
Bought by
Seller's Agent
Michael Mathios
Cushman & Wakefield
Buyer's Agent
Chris Kontos
John Meyer Realty
List Price
$2,250,000
Sold Price
$2,225,000
Premium/Discount to List
-$25,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,380,000
Interest Rate
0.026%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 22, 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
$1,350,000
Interest Rate
0.0598%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 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
$1,015,000
Interest Rate
0.0462%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2002
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
$600,600
Interest Rate
0.055%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 1996
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
$2,225,000 Chicago Title Company
-- None Available
$1,955,000 Chicago Title Co
$1,450,000 Fidelity Natl Title Ins Co
$883,000 Chicago Title Co
$330,000 Chicago Title Co
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 $1,380,000
Previous Owner $757,500
Previous Owner $1,350,000
Previous Owner $1,015,000
Previous Owner $600,600
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
02/12/2021 02/12/21 Sold $2,225,000 0.0% $889 / Sq Ft
12/19/2020 12/19/20 Off Market $2,225,000 -- --
08/05/2020 08/05/20 For Sale $2,250,000 -- $899 / Sq Ft
Source: San Francisco Association of REALTORS®

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
2025 $29,751 $2,398,668 $552,040 $1,846,628
2024 $29,284 $2,351,636 $541,216 $1,810,420
2023 $28,632 $2,305,526 $530,604 $1,774,922
2022 $28,268 $2,260,320 $520,200 $1,740,120
2021 $19,237 $1,560,000 $390,000 $1,170,000
2020 $19,808 $1,560,000 $390,000 $1,170,000
2019 $13,032 $1,000,000 $250,000 $750,000
2018 $13,041 $1,000,000 $250,000 $750,000
2017 $12,602 $1,000,000 $250,000 $750,000
2016 $13,078 $1,000,000 $250,000 $750,000
2014 $11,623 $905,000 $90,000 $815,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 20045770

San Francisco Association of REALTORS®
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