NOT LISTED FOR SALE

Estimated Value: $1,059,000 - $1,415,000

8 Beds
4 Baths
3,248 Sq Ft
$359/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2021

Last sale price $999,000 $308 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,336 / mo

23 Days on Market

Highlights

  • 0.29 Acre Lot
  • No HOA
  • 4 Car Attached Garage
  • Private Yard
  • Covered Patio or Porch
  • Double Pane Windows

About This Home

As of June 2021

Great investment opportunity with over $65,000 in annual gross income! Professionally managed fourplex in the desirable Tahoe Park neighborhood! Featuring new exterior paint and new landscaping; each unit has 2 bedrooms, 1 bath, attached garage, inside laundry, dual pane windows and off street parking. Situated in close proximity to freeways, shopping, and UC Davis Med Center. Fantastic growth opportunity to increase below market rents and make this an attractive partof your portfolio. Bitcoin accepted and preferred! (Please do not disturb tenants)

Last Agent to Sell the Property

Chris Firenze

Florence Real Estate License #01855264 Listed on: 03/31/2021

Co-Listed By

Scott Patel

Diamond Star Real Estate Group License #01922429

Last Buyer's Agent

Michael Brown

Keller Williams Realty License #02065385

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,649

Year Built

  • Built in 1956

Lot Details

  • 12,632 Sq Ft Lot
  • Private Yard

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Raised Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 021-0071-005-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 3 Units Leased Month-To-Month
  • Insurance Expense $1,294
  • Maintenance Expense $2,000
  • Other Expense $720
  • Professional Management Expense $2,640
  • Net Operating Income $49,521

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,649

Year Built

Built in 1956

Lot Details

0.29 Acres

Parking

4

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 1
  • Year Built: 1956
  • Architectural Style: Ranch
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range, Dishwasher
  • Flooring: Varies by Unit
  • Price Per Square Foot: 307.38
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame, Wood
  • Exterior Features: Yard Space
  • Foundation: Raised
  • Listing Price: 999900.00
  • Lot Features: Sidewalk
  • Patio And Porch Features: Covered Patio
  • Property Condition: Varies by Unit
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected
  • Cooling: Wall Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Sacramento Unified

Lot Info

  • Zoning Description: R-2
  • Irrigation: None
  • Lot Size Acres: 0.2900
  • Lot Size Sq Ft: 12632

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Lease/Month to Month Mix
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1294
  • Maintenance Expense: 2000
  • Number of Leased Units: 4
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Two Bedroom Annual Occupancy: 100
  • Two Bedrooms Occupied: 4
  • Two Bedroom Rent Range: 1252-1410

Tax Info

  • Assessor Parcel Number: 021-0071-005-0000
  • Current RE Taxes: 3649
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2024
Sold by
Pezzaniti Living Trust and Pezzaniti Kevin
Bought by
Joshi Family Living Trust and Joshi
Current Estimated Value
$1,165,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$751,000
Outstanding Balance
$743,385
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$422,390

Purchase Details

Listed on
Mar 31, 2021
Closed on
Jun 22, 2021
Sold by
R C Consulting Inc
Bought by
Pezzaniti Kevin and Pezzaniti Rosalba
Seller's Agent
Chris Firenze
Florence Real Estate
Buyer's Agent
Michael Brown
Keller Williams Realty
List Price
$999,900
Sold Price
$999,000
Premium/Discount to List
-$900
-0.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%
Original Mortgage
$749,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2016
Sold by
R C Consulting
Bought by
R C Consulting

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2013
Sold by
14 Avenue Trust #6386 R Chavez
Bought by
Rc Consulting Inc

Purchase Details

Closed on
Jun 28, 2013
Sold by
Sandvick Dolores
Bought by
14Th Trust #6386

Purchase Details

Closed on
Aug 4, 2006
Sold by
Sandvick Dolores
Bought by
Sandvick Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2006
Sold by
Mouras Belton
Bought by
Sandvick Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2005
Sold by
Roadrunner Properties Lp
Bought by
Sandvick Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.61%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 20, 2003
Sold by
Cherry Guy and Cherry Patricia E
Bought by
Mouras Belton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2002
Sold by
Romstadt Carl W and Romstadt Catherine G
Bought by
Romstadt Carl W and Romstadt Catherine G

Purchase Details

Closed on
Jan 21, 1999
Sold by
Barbers Ona L
Bought by
Cherry Guy and Cherry Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,160
Interest Rate
6.63%

Purchase Details

Closed on
Apr 23, 1997
Sold by
Barbers Joseph F and Barbers Ona L
Bought by
Barbers Joseph F and Barbers Ona L
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
Joshi Family Living Trust $1,136,000 Homelight Title & Escrow Compa
Pezzaniti Kevin $999,000 Stewart Title Of Sacramento
R C Consulting -- Placer Title Company
Rc Consulting Inc -- Stewart Title Sacramento
14Th Trust #6386 $125,500 None Available
Sandvick Dolores -- Fidelity National Title Co
Sandvick Dolores -- Fidelity National Title Co
Sandvick Dolores -- Fidelity National Title Co
Roadrunner Properties Lp -- Fidelity National Title Co
Mouras Belton -- Fidelity National Title Co
Romstadt Carl W -- --
Cherry Guy $170,500 Old Republic Title Company
Barbers Joseph F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joshi Family Living Trust $751,000
Previous Owner Pezzaniti Kevin $749,250
Previous Owner R C Consulting $2,700,000
Previous Owner Sandvick Dolores $434,000
Previous Owner Sandvick Dolores $434,000
Previous Owner Roadrunner Properties Lp $500,000
Previous Owner Mouras Belton $350,000
Previous Owner Cherry Guy $136,160
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $999,000 -0.1% $308 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $999,900 -- $308 / 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 $12,698 $1,136,000 $340,000 $796,000
2024 $12,698 $1,060,146 $265,302 $794,844
2023 $12,399 $1,039,359 $260,100 $779,259
2022 $12,190 $1,018,980 $255,000 $763,980
2021 $3,629 $284,253 $81,537 $202,716
2020 $3,649 $281,339 $80,701 $200,638
2019 $3,574 $275,823 $79,119 $196,704
2018 $3,481 $270,416 $77,568 $192,848
2017 $3,431 $265,115 $76,048 $189,067
2016 $3,240 $259,917 $74,557 $185,360
2015 $3,190 $256,014 $73,438 $182,576
2014 $3,109 $251,000 $72,000 $179,000
Source: Public Records

Agents Affiliated with this Home

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Source: MetroList

MLS Number: 221027844

MetroList

APN: 021-0071-005

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