$595,999
$9K PRICE DROP

Estimated payment $3,506/month

Total Views 11,175
7 Beds
6 Baths
2,945 Sq Ft
$202 Price per Sq Ft

Highlights

  • 3 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

Great opportunity to own good income producing Triplexes. Triplex has One 3 bedroom, 2 baths and Two 2 bedrooms 2 baths. Two units are VACANT. Total 7 Bedrooms and 6 Baths. Year Built : 1980 Excellent opportunity to generate passive income. All units are leased. All units have wood burning fireplaces. Nice size yard. Desired Lodi School District. Most of the flooring is either tiles or vinyl and kitchens are also remodeled. This property is in a convenient and excellent position close to Hammer Lane shopping, public transportation and quick Hwy 99/ I-5 access. Seller owned these two properties for about 10 years. Proforma's cap rate can be 7.1% as per current market rents. Seller didn't revise the rents to match with the current market rents.

Listing Agent

Ashalatha Vurimi

Single Tree Realty License #01735967 Listed on: 01/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,171

Year Built

  • 1980

Lot Details

  • 7,479 Sq Ft Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2,945 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $1,232
  • Manager Expense $2,671
  • Other Expense $5,871
  • Utility Expense $4,263
  • Operating Expense $16,914
  • Gross Income $44,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,171

Year Built

1980

Lot Details

0

Parking

3

Listing Details

  • Zoning: NA
  • Subclass: Triplex
  • Age: 45
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2945
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Kitchen: Dishwasher, Dual Fuel, Exhaust Fan, Garbage Disposal, Oven Range, Pantry, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 2945
  • Stories: 1
  • Security: Fire Alarm
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air, Electric
  • Sewer/Septic System: Sewer In Street

Schools

  • School District: Lodi Unified

Lot Info

  • Lot Acres: 0.1717
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7478.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7478.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 13.39
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1232
  • Expense Management: 2671
  • Expenses Other: 5871
  • Expenses Total: 16914
  • Expenses Utility: 4263
  • Income Annual Gross: 44526.00
  • Income Annual Rental: 44526
  • Income Gross Scheduled: 44526
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Other, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Maintenance - Repair, Miscellaneous/Other
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $3,171 $270,997 $100,150 $170,847
2023 $3,134 $265,685 $98,187 $167,498
2022 $2,980 $260,476 $96,262 $164,214
2021 $3,048 $255,370 $94,375 $160,995
2020 $2,975 $252,753 $93,408 $159,345
2019 $2,907 $247,798 $91,577 $156,221
2018 $2,856 $242,940 $89,782 $153,158
2017 $2,789 $238,177 $88,022 $150,155
2016 $2,628 $233,507 $86,296 $147,211
2014 $2,427 $211,000 $75,000 $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $595,999 0.0% $202 / Sq Ft
05/17/2025 05/17/25 Pending -- -- --
03/26/2025 03/26/25 Price Changed $595,999 -1.5% $202 / Sq Ft
01/05/2025 01/05/25 Price Changed $605,000 +3.4% $205 / Sq Ft
01/05/2025 01/05/25 For Sale $585,000 +154.3% $199 / Sq Ft
12/02/2014 12/02/14 Sold $230,000 -11.5% $79 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
07/29/2014 07/29/14 For Sale $259,950 +23.2% $90 / Sq Ft
05/31/2013 05/31/13 Sold $211,000 +3.0% $72 / Sq Ft
04/24/2013 04/24/13 Pending -- -- --
02/22/2013 02/22/13 For Sale $204,900 -- $70 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Old Republic Title Co San
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $230,000 Old Republic Title Company
Grant Deed $211,000 Lsi Title Company
Trustee Deed $162,445 First American Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Financial Title Co
Interfamily Deed Transfer -- --
Grant Deed -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 New Conventional
Closed $248,000 New Conventional
Closed $249,200 New Conventional
Closed $172,500 New Conventional
Previous Owner $109,000 New Conventional
Previous Owner $156,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $117,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $210,000 Unknown
Previous Owner $128,000 Purchase Money Mortgage
Source: Public Records

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Source: MLSListings

MLS Number: ML81989437

MLSListings

APN: 078-380-74