NOT LISTED FOR SALE
3 Beds
2 Baths
600 Sq Ft
1.51 Acre Lot

Sale Details

Date Sold: July 26, 2022

Last sale price $2,500,000 $4,167 Per Sq Ft

53 Days on Market

Highlights

  • 1.51 Acre Lot
  • Corner Lot
  • Balcony
  • View of Hills
  • No HOA
  • 2-minute walk to Rotary Park

About This Home

As of July 2022

(4) building 15-unit multifamily. Most investors struggle with finding multifamily investment property to purchase located in a next to zero inventory market, in a park-like low-density setting, with 86% two-bedroom units while having an opportunity to raise rents in a submarket of the greater Sacramento major market which has ranked as one of the top markets for rent growth in the nation. Pacific Pines Apartments is a rare find!

Last Agent to Sell the Property

Brett Swarts

eXp Commercial of California, Inc. License #01774876 Listed on: 03/21/2022

eXp Commercial of California, Inc.

Last Buyer's Agent

Wendell Smith

Capital Valley Realty Group License #02004646

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 1.51 Acre Lot
  • Corner Lot
  • Lot Has A Rolling Slope

Parking

  • 2 Car Garage
  • 14 Carport Spaces
  • Guest Parking
  • On-Street Parking
  • 6 Open Parking Spaces
  • Off-Street Parking
  • Off-Site Parking

Home Design

  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Double Pane Windows
  • Views of Hills
  • Carbon Monoxide Detectors
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Window Unit Cooling System
  • Mini Split Heat Pump
  • Hot Water Heating System
  • Propane
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for rent only, electricity, gas
  • Assessor Parcel Number 003-241-060-000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 15 Units

Additional Features

  • Laundry Facilities
  • 15 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

1.51 Acres

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Garden Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1989
  • Levels: One, Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Dishwasher, Disposal
  • Flooring: Carpet, Tile, Laminate, Vinyl, Varies by Unit
  • Basement: None
  • Price Per Square Foot: 168.35
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame, Wood Siding
  • Disclosures/Documents: Property Inspection, Rent Control, Home Inspection Report, See Remarks
  • Foundation: Raised
  • Listing Price: 2697000.00
  • Lot Features: Corner, Curbs/Gutters
  • Patio And Porch Features: Balcony/Deck, Varies by Unit
  • Property Condition: Varies by Unit
  • Roof: Shingle, Composition, Metal
  • Topography: Rolling
  • View Description: Hills

Garage/Parking

  • Open Parking Spaces: 6.00
  • Carport Spaces: 14.00
  • Covered Parking Spaces: 16.00
  • Garage Spaces: 2.00
  • Parking Features: Off Street, Offsite, Open, Carport, Street, Garage, Varies by Unit, Guest Parking Available
  • Total Parking Spaces: 22.00

Utilities

  • Security: Carbon Mon Detector
  • Sewer: Public Sewer
  • Utilities: Cable Available, Propane, Electric, Internet Available
  • Cooling: Central, Window Unit(s), Varies by Unit
  • Heating: Fireplace(s), Hot Water, Individual, Varies by Unit
  • Laundry Features: Washer/Dryer Owned, Varies by Unit, Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: El Dorado Union High

Lot Info

  • Zoning Description: R3
  • Irrigation: Public District
  • Lot Size Acres: 1.5100
  • Lot Size Sq Ft: 65776.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Rent Only, Electricity, Gas
  • Lease Term: Varies By Unit
  • Total # Leasable: 15

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 15
  • Number of Units: 15

Tax Info

  • Assessor Parcel Number: 003-241-060-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): El Dorado

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
Nov 5, 2022
Sold by

Purchase Details

Listed on
Mar 21, 2022
Closed on
Jul 20, 2022
Sold by
Bought by
Seller's Agent
Brett Swarts
eXp Commercial of California, Inc.
Buyer's Agent
Wendell Smith
Capital Valley Realty Group
List Price
$269,700,000
Sold Price
$2,500,000
Premium/Discount to List
-$267,200,000
-99.07%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,820,000
Interest Rate
0.0523%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 2003
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
-- --
$2,500,000 Orange Coast Title
$1,200,000 First American Title Ins Co
$1,050,000 Fidelity Natl 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
Previous Owner $1,820,000
Previous Owner $685,000
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
08/30/2022 08/30/22 Off Market $2,500,000 -- --
07/26/2022 07/26/22 Sold $2,500,000 -7.3% $4,167 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
03/22/2022 03/22/22 Price Changed $2,697,000 -99.0% $4,495 / Sq Ft
03/21/2022 03/21/22 For Sale $269,700,000 -- $449,500 / Sq Ft
Source: MetroList

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 $27,064 $2,601,000 $520,200 $2,080,800
2024 $27,064 $2,550,000 $510,000 $2,040,000
2023 $26,751 $2,500,000 $500,000 $2,000,000
2022 $15,832 $1,456,175 $485,389 $970,786
2021 $15,654 $1,427,623 $475,872 $951,751
2020 $15,425 $1,412,985 $470,993 $941,992
2019 $15,239 $1,385,280 $461,758 $923,522
2018 $14,790 $1,358,118 $452,704 $905,414
2017 $14,573 $1,331,489 $443,828 $887,661
2016 $14,358 $1,305,382 $435,126 $870,256
2015 $13,714 $1,285,776 $428,591 $857,185
2014 $13,714 $1,260,593 $420,197 $840,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222033725

MetroList

APN: 003-241-60-100

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