NOT LISTED FOR SALE

Vallejo, CA 94590

Vallejo Heights Neighborhood
Studio
-- Bath
-- Sq Ft
5,998 Sq Ft Lot

Last Sold December 16, 2016

Last sale price $575,000

9 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wood Siding

About This Home

As of December 2016

Amazing value add opportunity! 615 Nebraska Street represents an excellent opportunity for an investor to acquire a well-maintained 6 unit building with significant upside in the existing rent structure. Rents are below market, which will allow the next owner to raise rents immediately.

Last Agent to Sell the Property

Daniel Daboski

Titan Commercial License #01267882 Listed on: 09/26/2016

Last Buyer's Agent

Daniel Daboski

Titan Commercial License #01267882 Listed on: 09/26/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,496

Year Built

  • Built in 1929

Lot Details

  • 5,998

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile

Parking

  • 3 Open Parking Spaces
  • Off-Street Parking

Additional Features

  • 5,998 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 0056-025-170

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $7,760
  • Other Expense $348
  • Operating Expense $20,951
  • Net Operating Income $41,989

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,496

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1929
  • Accessibility Features: None
  • Levels: Two
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Carpet, Tile
  • Basement: None
  • Price Per Square Foot: 125.11

Exterior Features

  • Construction Materials: Stucco, Wood Siding
  • Foundation: Other
  • Listing Price: 595000.00
  • Lot Features: Other
  • Roof: Other

Garage/Parking

  • Open Parking Spaces: 3.00
  • Parking Features: Off Street

Utilities

  • Security: None
  • Sewer: Public Sewer
  • Utilities: City
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity,Gas,Water

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Lot Info

  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 5998.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity
  • Lease Term: 12 Months

Multi Family

  • Operating Expense: 20951
  • Insurance Expense: 1200
  • Maintenance Expense: 7760
  • Number of Units: 6
  • Units Furnished: None
  • One Bedroom Annual Occupancy: 100
  • Two Bedroom Annual Occupancy: 100
  • Three Bedroom Annual Occupancy: 100
  • One Bedrooms Occupied: 1
  • Two Bedrooms Occupied: 4
  • Three Bedrooms Occupied: 1
  • 1 Bedroom Rent Range: 825
  • Two Bedroom Rent Range: 795-950
  • Three Bedroom Rent Range: 1100
  • Four Bedroom Rent Range: 0
  • Studio Rent Range: 0

Tax Info

  • Assessor Parcel Number: 0056-025-170
  • Current RE Taxes: 6496
  • Bonds/Assessments/Taxes Description: Transfer Tax City

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
12/16/2016 12/16/16 Sold $575,000 -3.4% --
10/05/2016 10/05/16 Pending -- -- --
09/26/2016 09/26/16 For Sale $595,000 -- --
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 $13,848 $667,331 $116,056 $551,275
2024 $13,848 $654,247 $113,781 $540,466
2023 $12,776 $641,419 $111,550 $529,869
2022 $12,220 $628,843 $109,363 $519,480
2021 $11,851 $616,514 $107,219 $509,295
2020 $11,769 $610,193 $106,120 $504,073
2019 $11,273 $598,230 $104,040 $494,190
2018 $10,448 $586,500 $102,000 $484,500
2017 $9,843 $575,000 $100,000 $475,000
2016 $4,888 $410,891 $67,614 $343,277
2015 $4,826 $404,720 $66,599 $338,121
2014 $4,761 $396,793 $65,295 $331,498
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Daniel Daboski

    Titan Commercial

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Source: MetroList

MLS Number: 21622765

MetroList
California Solano County Vallejo 94590

Vallejo Heights

Not Listed for Sale

MultiFamily

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