NOT LISTED FOR SALE
9 Beds
20 Baths
3,880 Sq Ft
7,501 Sq Ft Lot

Sale Details

Date Sold: June 9, 2023

Last sale price $1,245,000 $321 Per Sq Ft

25 Days on Market

About This Home

As of June 2023

Attention investors! Unveiling an incredible, fully-occupied fourplex in the sought-after JC neighborhood that you simply cannot miss! This rare gem at 740 Orchard Street offers immediate cash flow, making it the perfect long-term hold or an ideal 1031 exchange candidate. This prime property comprises three spacious 2BR/1.5BA units and one large 3BR/1.5BA unit. Each residence boasts a private yard, fostering a sense of tranquility and community. Tenants will appreciate the convenience of a shared laundry facility and assigned covered carport parking. Furthermore, tandem off-street parking spaces ensure ample availability for all occupants. Key highlights of this solid investment include: * All four units currently rented, providing instant cash flow * Located in the highly desirable JC neighborhood, attracting quality tenants * Perfect for 1031 exchanges and long-term investment strategies Don't miss this exceptional opportunity to expand your investment portfolio with a turn-key property in a prime location. At 740 Orchard Street, you'll discover a hassle-free investment that's sure to generate impressive returns for years to come. Seize this opportunity and invest in your future today!

Last Agent to Sell the Property

Jennifer Jacobs

HomeSmart Advantage Realty License #DRE #01330271 Listed on: 05/01/2023

HomeSmart Advantage Realty

Last Buyer's Agent

Samuel Ko

Meridian Commercial License #01894341

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,501 Sq Ft Lot

Home Design

  • Quadruplex
  • Garden Apartment
  • Shake Roof

Interior Spaces

  • 9 Bedrooms
  • 3,880 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces
  • 2 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 180-790-027-000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Additional Features

  • Laundry Facilities
  • Gross Income $87,645

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

7,501 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Garden Apartments
  • Directions To Property: College Avenue to Orchard Street
  • Lot Size Acres: 0.1722
  • Stories: 2
  • CapRate: 3.60
  • Signs: Yes
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Price Per Square Foot: 320.88
  • Square Footage: 3880.00
  • NumberOfBuildings: 2

Exterior Features

  • Lot Features: Shape Regular
  • Property Condition: Varies By Unit
  • Roof: Shake

Garage/Parking

  • Parking Features: Carport, Off Street, Open
  • Total Parking Spaces: 6.00
  • Carport Spaces: 4.00
  • Number Of Guest Spaces: 2
  • OpenParkingSpaces: 2.00
  • Tandem Parking Spaces: 2

Utilities

  • Cooling: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: City
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: In Common Area, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 180-790-027-000
  • Lot Size Sq Ft: 7501.00

Rental Info

  • TenantPays: Cable TV, Electricity, Gas

Building Info

  • Year Built: 1971

Multi Family

  • 1 Bedroom Rent Range: 1700-2000
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 2000-2200
  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: 2200-2500
  • Four Bedroom Rent Range: 2500-3000
  • Number Of2 Bedrooms Occupied: 3
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • NumberOfUnitsTotal: 4

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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 1, 2023
Closed on
Jun 1, 2023
Sold by
Bought by
Seller's Agent
Jennifer Jacobs
HomeSmart Advantage Realty
Buyer's Agent
Samuel Ko
Meridian Commercial
List Price
$1,395,000
Sold Price
$1,245,000
Premium/Discount to List
-$150,000
-10.75%
Views
100

Purchase Details

Closed on
Mar 27, 2013
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
$155,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 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
$175,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
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
$175,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 2000
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
$100,000
Interest Rate
8.24%
Mortgage Type
Credit Line Revolving
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
$1,245,000 Fidelity National Title Compan
-- Fidelity National Title Co
-- Fidelity National Title Co
-- First American Title Co
-- First American Title Co
-- First American Title Co
-- First American Title Co
-- --
-- Fidelity National Title
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
Previous Owner $155,000
Previous Owner $175,000
Previous Owner $175,000
Previous Owner $100,000
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
06/09/2023 06/09/23 Sold $1,245,000 -10.8% $321 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $1,395,000 -- $360 / 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
2025 $14,858 $1,295,298 $312,120 $983,178
2024 $14,631 $188,484 $28,250 $160,234
2023 $14,631 $184,790 $27,697 $157,093
2022 $2,105 $181,167 $27,154 $154,013
2021 $2,080 $177,616 $26,622 $150,994
2020 $2,074 $175,796 $26,350 $149,446
2019 $2,063 $172,350 $25,834 $146,516
2018 $2,050 $168,972 $25,328 $143,644
2017 $2,014 $165,660 $24,832 $140,828
2016 $1,992 $162,413 $24,346 $138,067
2015 $1,933 $159,975 $23,981 $135,994
2014 $1,819 $156,843 $23,512 $133,331
Source: Public Records

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323026227

Bay Area Real Estate Information Services (BAREIS)

APN: 180-790-027

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