NOT LISTED FOR SALE

931 Illinois Ave Los Banos, CA 93635

8 Beds
4 Baths
2,800 Sq Ft
8,276 Sq Ft Lot

Last Sold September 18, 2023

Last sale price $599,000 $214 Per Sq Ft

41 Days on Market

About This Home

As of September 2023

Great Investment opportunity on this income generating property 4 units Complex 2 bed 1 bath each with apx 700 sft Close to shopping these apartments have carport, laundry and storage for your tenants.

Last Agent to Sell the Property

Erika Carrasco

Intero Real Estate Services License #01740048 Listed on: 04/25/2023

Intero Real Estate Services

Last Buyer's Agent

Calvary Dinh

Calvary Dinh, Broker License #01266840

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 8,276

Home Design

  • 2,800 Sq Ft Home
  • Quadruplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • 8,276 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $45,600

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,200
  • Utility Expense $300
  • Trash Expense $270
  • Operating Expense $6,570
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Living Sq Ft: 2800

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Los Banos Unified

Lot Info

  • Lot Acres: 0.1900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8446.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8446.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.14
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 6570
  • Expenses Utility: 300
  • Expense Trash: 270
  • Income Annual Gross: 45600.00
  • Income Annual Rental: 45600
  • Income Gross Scheduled: 45600
  • Income Includes: Coin Operated Equip, Parking, Storage Area
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2023 09/18/23 Sold $599,000 0.0% $214 / Sq Ft
06/06/2023 06/06/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $599,000 +40.9% $214 / Sq Ft
10/10/2018 10/10/18 Sold $425,000 +1.2% $152 / Sq Ft View Prior Sale
09/04/2018 09/04/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $420,000 0.0% $150 / Sq Ft
08/05/2018 08/05/18 Pending -- -- --
06/30/2018 06/30/18 Price Changed $420,000 +5.3% $150 / Sq Ft
06/22/2018 06/22/18 For Sale $399,000 -- $143 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81925913

MLSListings

APN: 027-036-005