NOT LISTED FOR SALE
0.14 Acre
-- Price per Acre
6,011 Sq Ft Lot

Last Sold January 18, 2017

Last sale price $2,550,000

32 Days on Market

Highlights

  • Downtown View
  • Brittan Acres Elementary School Rated A
  • Level Lot

About This Lot

As of January 2017

The property is currently a 7unit apartment building. All of the units are currently vacant and the property has been boarded up. The current owners have received full approval from the city to construct 8 res units and one retail unit on this 6000 SqFt lot. The owner has paid for bldg permits and all city fees. The project is shovel ready and could begin as early and 45 days. The approved project consists of 1960 SqFt retail on the ground floor with an est market rent of $4.50 SqFt. Parking in the rear of the bldg for 10 cars, with 9 stalls and 1 lift. The buyer will find 4, 1 bed 1 bath units, 1 of which is 522 SqFt is a VBMR unit. Rent is set currently at $1153 per month. The remaining 3, 1 bed units range in size from 574-820 Sq Ft and market rent ranges from $3,295-$3,500. There are 3 large 2 bed 2 bath units that are approx 1200 SqFt each with an anticipated market rent of $4700. The 2134 SqFt 3 bed, 3bath penthouse will rent for $5,995 and includes some amazing outdoor space.

Last Agent to Sell the Property

Scott Kilpatrick

Newmark Cornish & Carey License #01271912 Listed on: 10/27/2016

Newmark Cornish & Carey

Last Buyer's Agent

JD Anagnostou

Coldwell Banker Realty License #00900237

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 6,011 Sq Ft Lot
  • Level Lot

Additional Features

  • Downtown Views
  • Gas Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Residential Development Land
  • Listing Class: Residential Lots & Land
  • Present Use: Multi-Family
  • Development Status: Approved Building Plan, Building Permits Issued, Have Building Plans
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Downtown

Utilities

  • Sewer/Septic System: Sewer - Public, Sewer Available At Site, Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00
  • Soil: Unknown
  • Parcel Access: City Street

Multi Family

  • Utilities: Electricity - On Site, Gas - On Site, Public Utilities

Range of Values:

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Average Value
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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 Change Sq Ft Price
01/18/2017 01/18/17 Sold $2,550,000 +4.1% --
11/29/2016 11/29/16 Pending -- -- --
10/27/2016 10/27/16 For Sale $2,450,000 +117.2% --
10/16/2012 10/16/12 Sold $1,128,000 0.0% $403 / Sq Ft
09/22/2012 09/22/12 Pending -- -- --
09/07/2012 09/07/12 For Sale $1,128,000 -- $403 / 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: ML81630008

MLSListings