$1,400,000
SOLD AUG 6, 2024
15 Beds
6 Baths
5,000 Sq Ft
1.17 Acres

Recently Sold

$280 Per Sq Ft

16% Below List Price

203 Days on Market

Highlights

  • 1.17 Acre Lot
  • Guest Parking
  • Energy-Efficient Windows
  • Deck
  • Laundry Facilities
  • Heating Available

About This Home

As of August 2024

Sycamore Court consists of 12 cottage apartments, and 13 trailer spaces located in the Russian River town of Guerneville, CA. Price just reduced April 2024. There are six 2 BD's, three 1 BD's and three studios. All apartments and trailer spaces are rented as of May 1, 2024. There is a landscaped common area with a BBQ and picnic tables. One of the buildings includes five storage spaces for additional rental income. The property includes 13 trailer spaces, with 12 currently rented. The tenants pay for their own water, gas and electric, some billed by the utility companies, and others sub-metered by the owner. The owner pays for garbage and sewer. The laundry room has hookups for 4 washing machines, and 3 dryers (machines not included). There are approximately 50 on-site parking spaces. Tenants have just a 6-minute walk to swim at Johnson's beach, or shop and dine in downtown Guerneville. Tenants enjoy nearby Armstrong Woods State Park, and many local wineries. The property is in a flood zone, and flood insurance is required. Located in desirable Sonoma County, this property provides an investor with terrific cash flow, and a stable tenant base.

Last Agent to Sell the Property

Leon Geisberg

Berkshire Hathaway License #01111523

Berkshire Hathaway

Last Buyer's Agent

Ceci Cook

Compass License #01159739

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,560

Year Built

  • Built in 1942

Home Design

  • Concrete Foundation
  • Combination Foundation
  • Raised Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 5,000 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Parking

  • 50 Parking Spaces
  • Guest Parking
  • Open Parking

Utilities

  • No Cooling
  • Heating Available
  • Individual Gas Meter
  • Separate Water Meter

Additional Features

  • Energy-Efficient Windows
  • Deck
  • 1.17 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Assessor Parcel Number 070-020-020-000

Community Details

Overview

  • 11 Buildings
  • 12 Units

Additional Features

  • Laundry Facilities
  • Gross Income $299,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,560

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: River Rd to north on Armstrong Woods Rd to left on Fourth St to right on Church St to end.
  • Lot Size Acres: 1.1700
  • CapRate: 7.83
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Square Footage: 5000.00
  • NumberOfBuildings: 11

Exterior Features

  • Construction Materials: Fiber Cement, Frame, Wood
  • Foundation: Combination, Concrete, Raised
  • Lot Features: Shape Regular
  • Roof: Composition
  • Patio And Porch Features: Uncovered Deck, Varies By Unit

Garage/Parking

  • Parking Features: Guest Parking Available, Open
  • Total Parking Spaces: 50.00
  • Number Of Guest Spaces: 14

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Electric
  • Laundry Features: In Common Area, Washer/Dryer Hookups
  • Separate Meters: Electricity, Gas, Water, See Remarks

Lot Info

  • Assessor Parcel Number: 070-020-020-000
  • Lot Size Sq Ft: 50965.00

Green Features

  • Energy Efficient: Windows

Rental Info

  • TenantPays: Cable TV, Electricity, Gas, Water, See Remarks

Building Info

  • Year Built: 1942

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: $1245-$1280
  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: $1200-$1495
  • Three Bedroom Rent Range: 0-0
  • Four Bedroom Rent Range: 0-0
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 3
  • Number Of2 Bedrooms Occupied: 6
  • Number of 2 Bedroom Units: 6
  • Number of Studio Units: 3
  • NumberOfUnitsTotal: 12
  • Number Studios Occupied: 3

Map

Range of Values:

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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
08/06/2024 08/06/24 Sold $1,400,000 -8.2% $280 / Sq Ft
04/19/2024 04/19/24 Price Changed $1,525,000 -3.2% $305 / Sq Ft
10/05/2023 10/05/23 Price Changed $1,575,000 -6.0% $315 / Sq Ft
07/11/2023 07/11/23 For Sale $1,675,000 0.0% $335 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
02/08/2023 02/08/23 Price Changed $1,675,000 -4.3% $335 / Sq Ft
10/28/2022 10/28/22 For Sale $1,750,000 -- $350 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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
2023 $46,560 $304,877 $64,350 $240,527
2022 $40,013 $298,900 $63,089 $235,811
2021 $37,185 $293,040 $61,852 $231,188
2020 $36,008 $290,036 $61,218 $228,818
2019 $32,937 $284,350 $60,018 $224,332
2018 $31,388 $256,782 $58,842 $197,940
2017 $30,262 $273,310 $57,689 $215,621
2016 $28,974 $267,952 $56,558 $211,394
2015 -- $263,928 $55,709 $208,219
2014 -- $258,759 $54,618 $204,141
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $558,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $1,400,000 North Coast Title
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 322078246

Bay Area Real Estate Information Services (BAREIS)

APN: 070-020-020