NOT LISTED FOR SALE

961 Wakefield Rd Turlock, CA 95380

23 Beds
23 Baths
11,180 Sq Ft
20,909 Sq Ft Lot

Last Sold May 23, 2014

Last sale price $1,052,000 $94 Per Sq Ft

47 Days on Market

Highlights

  • No HOA
  • Patio
  • Water Softener

About This Home

As of May 2014

Calling all investors this is a GREAT income property. Four well maintained 2 story buildings totaling 11,180 SQ FT. Ten 2 bedroom, 1 1/2 bath units, renting at $700 each, Three 1 bedroom 1 bath units, renting at $550 each. 6 units are section 8, guaranteed income. 100% occupied with long term renters. If steady income and cash-flow, with low rental turnover is what you are after, this property is for you. Don't let this opportunity pass you by.

Last Agent to Sell the Property

Bill Smith

HomeSmart PV & Associates License #01726589 Listed on: 03/16/2014

Last Buyer's Agent

Bill Smith

HomeSmart PV & Associates License #01726589 Listed on: 03/16/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,500

Year Built

  • Built in 1970

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions: 20909

Interior Spaces

  • 2-Story Property
  • Window Treatments

Parking

  • 1 Parking Space Included
  • 13 Covered Spaces

Additional Features

  • Patio
  • Water Softener

Listing and Financial Details

  • Tenant pays for cable tv electricity rent only
  • Assessor Parcel Number 042-018-047-000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 13 Units

Building Details

  • 13 Units Leased Month-To-Month
  • Insurance Expense $7,500
  • Operating Expense $30,976

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,500

Year Built

Built in 1970

Lot Details

0.48 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1970
  • Accessibility Features: AccessibleApproachwithRamp,AccessibleDoors
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Compactor,Dishwasher,Disposal,Free Standing Gas Range,Free Standing Refrigerator
  • Other Equipment: Water Softener
  • Flooring: Carpet,Tile,Linoleum/Vinyl
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,See Remarks
  • Listing Price: 1195000.00
  • Patio And Porch Features: Uncovered Patio
  • Roof: Flat,Wood

Garage/Parking

  • Covered Parking Spaces: 13
  • Parking Features: Carport,Street,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Fire Alarm,Smoke Detector
  • Utilities: Cable Connected,Dish Antenna
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central,Natural Gas

Condo/Co-op/Association

  • Association Features: Patios/Balcony,Public Trans Nearby,Separate Laundry Facility,Yard Space
  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: CO/RH
  • Lot Size Acres: 0.4800
  • Lot Dimensions: 20,909
  • Lot Size Sq Ft: 20909

Rental Info

  • Tenant Pays: Cable TV,Electricity,Rent Only
  • Total # Leasable: 13

Multi Family

  • Operating Expense: 30976
  • Income Includes: Coin Operated Equipment,Laundry,Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 7500
  • Number of Month to Month Units: 13
  • Number of Units: 13
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 042-018-047-000
  • Current RE Taxes: 4500

MLS Schools

  • School District (County): Stanislaus
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Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $1,052,000 -12.0% $94 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
03/15/2014 03/15/14 For Sale $1,195,000 -- $107 / Sq Ft
Source: MetroList

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
2025 $15,085 $1,407,024 $169,534 $1,237,490
2024 $14,814 $1,380,333 $166,210 $1,214,123
2023 $14,785 $1,352,680 $162,951 $1,189,729
2022 $14,600 $1,326,305 $159,756 $1,166,549
2021 $14,386 $1,300,447 $156,624 $1,143,823
2020 $14,287 $1,287,191 $155,019 $1,132,172
2019 $14,049 $1,262,100 $151,980 $1,110,120
2018 $10,514 $926,534 $64,640 $861,894
2017 $10,268 $908,368 $63,373 $844,995
2016 $9,588 $890,558 $62,131 $828,427
2015 $9,511 $877,182 $61,198 $815,984
2014 $4,513 $411,788 $41,446 $370,342
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Bill Smith

    HomeSmart PV & Associates

See All Agents

Map

Source: MetroList

MLS Number: 14015081

MetroList
California Stanislaus County Turlock 95380

961 Wakefield Rd, Turlock, CA

Not Listed for Sale

MultiFamily

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