NOT LISTED FOR SALE

Estimated Value: $1,342,495 - $1,651,000

Studio
4 Baths
3,012 Sq Ft
$475/Sq Ft Est. Value

Sale Details

Date Sold: April 11, 2018

Last sale price $1,050,000 $349 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $9,085 / mo

25 Days on Market

About This Home

As of April 2018

Marcus & Millichap is pleased to present 708 Pardee Court in Hayward, California. The subject property offers investors an excellent value add opportunity. With rents well below market, the subject property offers true upside potential through the improvement of units and adjusting rents closer to market value. Since the subject property falls below the five unit threshold, it is not subject to Hayward's Rent Stabilization Ordinance (rent control). Hayward is often coined as the "Heart of the Bay" due to its central location within the Bay Area. With access to two Bay Area Rapid Transit (BART) stations, an Amtrak station and ease of access to the 880 freeway and San Mateo Bridge, residents can access major employment hubs in Oakland, San Francisco, the Peninsula and Silicon Valley. Hayward itself is home to employers such as Berkeley Farms, Pentagon Technologies, California State University East Bay and Impax Laboratories to name a few.

Last Agent to Sell the Property

Chris Saiz

Marcus & Millichap License #01850380 Listed on: 03/08/2018

Marcus & Millichap

Co-Listed By

Adam Levin

Marcus & Millichap License #01462752

Last Buyer's Agent

Heman Galzie

New Cal Realty, Inc. License #01422754

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 6,800

Parking

  • 4 Car Garage
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,012 Sq Ft Home
  • 2-Story Property

Additional Features

  • 6,800 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $72,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $959
  • Maintenance Expense $2,000
  • Manager Expense $2,890
  • Other Expense $100
  • Utility Expense $8,011
  • Trash Expense $1,514
  • Operating Expense $27,774
  • Gross Income $72,168

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

6,800 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 3012
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, Unassigned Spaces

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1561
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6799.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6799.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.75
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 959
  • Expense Maintenance: 2000
  • Expense Management: 2890
  • Expenses Other: 100
  • Expenses Total: 27774
  • Expenses Utility: 8011
  • Expense Trash: 1514
  • Income Annual Gross: 72168.00
  • Income Annual Rental: 72000
  • Income Gross Scheduled: 74400
  • Income Includes: Laundry, Rents
  • Income Other: 2400
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance - Repair, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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

Closed on
Aug 25, 2023
Sold by
Bought by
Current Estimated Value
$1,415,659

Purchase Details

Closed on
Nov 25, 2018
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
$735,000
Interest Rate
0.048%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 5, 2018
Sold by
Bought by
Seller's Agent
Chris Saiz
Marcus & Millichap
Buyer's Agent
Heman Galzie
New Cal Realty, Inc.
List Price
$948,800
Sold Price
$1,050,000
Premium/Discount to List
$101,200
10.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 4, 2018
Sold by
Bought by
Seller's Agent
Chris Saiz
Marcus & Millichap
Buyer's Agent
Heman Galzie
New Cal Realty, Inc.
List Price
$948,800
Sold Price
$1,050,000
Premium/Discount to List
$101,200
10.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$1,400,000 Chicago Title
-- Chicago Title Company
-- Chicago Title Company
$1,050,000 Chicago 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
Closed $926,250
Closed $735,000
Closed $518,000
Closed $422,000
Closed $130,000
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
04/11/2018 04/11/18 Sold $1,050,000 +10.7% $349 / Sq Ft
04/03/2018 04/03/18 Pending -- -- --
03/08/2018 03/08/18 For Sale $948,800 -- $315 / Sq Ft
Source: MLSListings

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 $17,269 $1,428,000 $428,400 $999,600
2024 $17,269 $1,400,000 $420,000 $980,000
2023 $16,271 $1,148,311 $344,493 $803,818
2022 $14,146 $1,125,798 $337,739 $788,059
2021 $13,940 $1,103,727 $331,118 $772,609
2020 $15,715 $1,092,420 $327,726 $764,694
2019 $15,833 $1,071,000 $321,300 $749,700
2018 $5,961 $285,876 $150,768 $135,108
2017 $5,879 $280,271 $147,812 $132,459
2016 $4,663 $274,776 $144,914 $129,862
2015 $4,103 $270,650 $142,738 $127,912
2014 $3,491 $265,349 $139,942 $125,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81695486

MLSListings

APN: 453-0035-018-00

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