NOT LISTED FOR SALE

Willits, CA 95490

-- Bed
-- Bath
-- Sq Ft
0.3 Acres

Last Sold November 18, 2014

Last sale price $450,000

25 Days on Market

Highlights

  • RV or Boat Parking
  • Engineered Wood Flooring
  • Enclosed Patio or Porch
  • Mountain View
  • No HOA
  • Community Barbecue Grill

About This Home

As of November 2014

Looking For An Investment Property with Good Cash Flow? Look no further than this very clean 2-story bldg with six 2-bdrm, 1-1/2 bath apartments, carport parking, low maint landscaping, separate on-site office & many recent upgrades. Prime Willits location, great floor plans & private, covered patios that extend tenant living space make these units very attractive to tenants. Seller motivated--now is the time to buy!

Last Agent to Sell the Property

Marla Kuresa

Marla Kuresa, Broker License #01401323 Listed on: 07/28/2014

Last Buyer's Agent

Marla Kuresa

Marla Kuresa, Broker License #01401323 Listed on: 07/28/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,436

Year Built

  • Built in 1976

Lot Details

  • 0.3 Acre Lot
  • Landscaped
  • Irregular Lot
  • Garden

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Redwood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Mountain Views
  • Fire and Smoke Detector

Flooring

  • Engineered Wood
  • Carpet
  • Linoleum

Parking

  • 1 Carport Space
  • On-Street Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Playground

Location

  • City Lot

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Mini Split Heat Pump
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 007-200-17-00

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Community Barbecue Grill
  • Coin Laundry

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $4,800
  • Professional Management Expense $4,800
  • Operating Expense $23,336
  • Net Operating Income $37,864

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,436

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1976
  • Levels: Two
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Electric Water Heater, Gas Water Heater
  • Flooring: Carpet, Linoleum/Vinyl, Simulated Wood
  • Basement: None
  • Price Per Square Foot: 100.00

Exterior Features

  • Construction Materials: Redwood Siding, Wood Siding
  • Exterior Features: Play Area
  • Foundation: Slab
  • Listing Price: 495000.00
  • Lot Features: Central BBQ, Curb(s), Curbs/Gutters, Garden, Landscape Back, Landscape Front, Shape Irregular, Sidewalk, City
  • Patio And Porch Features: Patio(s), Covered Patio, Enclosed Patio
  • Roof: Composition, Shingle
  • View Description: Mountains

Garage/Parking

  • Carport Spaces: 1.00
  • Parking Features: Carport, Covered, Detached, Off Street, RV/Boat, Street

Utilities

  • Security: Other, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Electric, Cable Available, City, Natural Gas Connected, PG&E
  • Cooling: Ceiling Fan(s), Individual, Window Unit(s)
  • Heating: Individual, Natural Gas
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Owned
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning Description: C2
  • Lot Size Acres: 0.3000
  • Lot Size Sq Ft: 13068.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Lease Term: 12 Months,Month To Month,Security Deposits,Written Agreements

Multi Family

  • Operating Expense: 23336
  • Insurance Expense: 1500
  • Maintenance Expense: 4800
  • Number of Units: 6
  • Units Furnished: None
  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 6
  • 1 Bedroom Rent Range: 0-0
  • Two Bedroom Rent Range: 775-825
  • Three Bedroom Rent Range: 0-0
  • Four Bedroom Rent Range: 0-0
  • Studio Rent Range: 0-0

Tax Info

  • Assessor Parcel Number: 007-200-17-00
  • Current RE Taxes: 5436

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2018
Sold by
Singh Beasla Baljinder
Bought by
Four A Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,285,000
Outstanding Balance
$1,129,899
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 28, 2014
Closed on
Nov 12, 2014
Sold by
Kaur Balwinder
Bought by
Kaur Balwinder
Seller's Agent
Marla Kuresa
Marla Kuresa, Broker
Buyer's Agent
Marla Kuresa
Marla Kuresa, Broker
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Purchase Details

Closed on
Nov 5, 2010
Sold by
Licon Brown Llc
Bought by
Licon Joseph L and Brown Dorothy J

Purchase Details

Closed on
Aug 3, 2009
Sold by
Tsarnas James A and Tsarnas Angela D
Bought by
Licon Brown Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 29, 2002
Sold by
Tsarnas James A and Tsarnas Angela D
Bought by
Tsarnas James A and Tsarnas Angela D

Purchase Details

Closed on
Oct 20, 2000
Sold by
Gustafson Mary L and Gustafson Robert G
Bought by
Tsarnas James A and Tsarnas Angela D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.89%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Four A Llc $650,000 Redwood Empire Title
Kaur Balwinder -- Redwood Empire Title Company
Beasla Baijinder Singh $450,000 Redwood Empire Title Company
Licon Joseph L -- None Available
Licon Brown Llc $505,000 Redwood Empire Title Company
Tsarnas James A -- --
Tsarnas James A $230,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Four A Llc $1,285,000
Previous Owner Licon Brown Llc $395,000
Previous Owner Tsarnas James A $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2014 11/18/14 Sold $450,000 -9.1% --
08/22/2014 08/22/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $495,000 -- --
Source: MetroList

Tax History Compared to Growth

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
2025 $14,388 $723,208 $100,395 $622,813
2023 $14,388 $693,176 $96,498 $596,678
2022 $13,328 $680,712 $94,606 $586,106
2021 $13,273 $667,501 $92,751 $574,750
2020 $13,078 $661,740 $91,800 $569,940
2019 $11,172 $474,047 $64,643 $409,404
2018 $10,524 $470,695 $63,376 $407,319
2017 $10,099 $463,364 $62,133 $401,231
2016 $9,745 $453,730 $60,915 $392,815
2015 $9,690 $449,900 $60,000 $389,900
2014 $8,152 $304,800 $60,000 $244,800
Source: Public Records

Agents Affiliated with this Home

  • Marla Kuresa

    Seller's Agent in 2014

    Marla Kuresa

    Marla Kuresa, Broker

    (916) 207-6951

    88 Total Sales

    Marla Kuresa
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Source: MetroList

MLS Number: 21417625

MetroList

APN: 007-200-17-00

California Mendocino County Willits

95490

Not Listed for Sale

MultiFamily

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