NOT LISTED FOR SALE

380 El Rio Ct Ukiah, CA 95482

Oak Manor Neighborhood

Estimated Value: $723,532

8 Beds
20 Baths
3,750 Sq Ft
$193/Sq Ft Est. Value

Last Sold December 11, 2024

Last sale price $720,000 $192 Per Sq Ft

Current estimated payment $4,382/month

152 Days on Market

Highlights

  • Fenced Yard
  • Laundry Facilities
  • Carpet
  • Landscaped
  • Washer and Dryer

About This Home

As of December 2024

Substantially below market rents leaves room for increasing future cash flow! Note the difference between the lowest rent & highest rent currently! Huge potential at an already economically competitive price! This could be all for investment or a homebuyer could buy to live in one & rent the others to offset their payments. Plus, as a Fourplex, there is the added benefit of falling into the residential category of Single-Family, 1-4 Unit financing. It's a huge R-2 lot! In fact, there might even be room for an additional unit(s) subject to a prospective Buyer's own further investigation & conclusions after verifying with land planning specialists, surveyors, the City, zoning requirements & the like. There are existing carports plus street parking, sidewalks, curb, and gutter. City services include sewer, water, & trash--plus there is a separate coin-operated laundry room for tenants to use. Stucco exterior provides easy maintenance & superior sound proofing, plus there are many recent upgrades including a newer roof. These four spacious units contain nearly 950 square feet each, and have private back yards, plus there is excess underutilized common area--leaving room for the imagination as to potentially adding other amenities to consider.

Last Listed By

Lynn McNamara

Luxe Places International R License #00575586 Listed on: 07/11/2024

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,129

Year Built

  • Built in 1976

Lot Details

  • Fenced Yard
  • Landscaped

Home Design

  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Plaster
  • Stucco

Interior Spaces

  • 3,750 Sq Ft Home
  • 2-Story Property
  • Free-Standing Gas Range
  • Washer and Dryer

Flooring

  • Carpet
  • Linoleum
  • Laminate

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 179-062-15-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Additional Features

  • Laundry Facilities
  • Gross Income $62,950

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,129

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Townhouses
  • Directions To Property: From Highway 101 Exit Perkins Avenue and head East to Oak Manor Drive past Burger King. Turn South (right) onto Oak Manor Drive. It is a short distance to El Rio Street, and turn West (right). Turn left onto El Rio Court, and 380 is on the right side.
  • Lot Size Acres: 0.3967
  • CapRate: 5.00
  • Levels: Two
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Appliances: Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater
  • Flooring: Carpet, Laminate, Linoleum, Varies By Unit
  • Square Footage: 3750.00
  • NumberOfBuildings: 2

Exterior Features

  • Construction Materials: Frame, Plaster, Stucco
  • Foundation: Slab
  • Lot Features: Cul-De-Sac, Landscape Front
  • Property Condition: Varies By Unit
  • Roof: Composition
  • ExteriorFeatures: Fenced Yard

Garage/Parking

  • Parking Features: Covered, Off Street, Street
  • Total Parking Spaces: 4.00
  • Carport Spaces: 4.00
  • Number Of Guest Spaces: 4
  • OpenParkingSpaces: 4.00

Utilities

  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available, City, Internet Available, Natural Gas Connected
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: In Common Area, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Schools

  • School District: Mendocino
  • Middle/Junior School District: Ukiah Unified

Lot Info

  • Assessor Parcel Number: 179-062-15-00
  • Lot Size Sq Ft: 17279.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1976

Multi Family

  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: $1,040 to$ 1,500
  • Number Of2 Bedrooms Occupied: 4
  • Number of 2 Bedroom Units: 4
  • NumberOfUnitsTotal: 4

MLS Schools

  • Senior High School District: Ukiah Unified
  • School District (County): Mendocino

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Dec 11, 2024
Sold by
James L Bogner L and James Kathleen M
Bought by
Macias Meredyth and Macias Kimberly
Seller's Agent
Lynn McNamara
Luxe Places International R
Buyer's Agent
Lynn McNamara
Luxe Places International R
List Price
$750,000
Sold Price
$720,000
Premium/Discount to List
-$30,000
-4%
Total Days on Market
152
Views
44
Current Estimated Value
$723,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,532
Avg. Annual Appreciation
87.36%
Original Mortgage
$320,000
Outstanding Balance
$320,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$588,291

Purchase Details

Closed on
Feb 8, 2011
Sold by
Bogner James L and Bogner Kathleen M
Bought by
Bogner James L and Bogner Kathleen M

Purchase Details

Closed on
Apr 1, 1999
Sold by
Bridges Lynton Keith and Bridges Barbara Jean
Bought by
Bogner James and Bogner Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 1999
Sold by
Vincent Frederick J and Vincent Ellen C
Bought by
Bridges Lynton Keith and Bridges Barbara Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.91%
Mortgage Type
Commercial

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

Purchase History

Date Buyer Sale Price Title Company
Macias Meredyth $720,000 Fidelity National Title Compan
Bogner James L -- None Available
Bogner James $210,000 Fidelity National Title Co
Bridges Lynton Keith $210,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macias Meredyth $320,000
Previous Owner Bogner James $165,000
Previous Owner Bogner James $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $720,000 0.0% $192 / Sq Ft
09/11/2024 09/11/24 Price Changed $720,000 -0.7% $192 / Sq Ft
08/14/2024 08/14/24 Price Changed $725,000 -3.3% $193 / Sq Ft
07/11/2024 07/11/24 For Sale $750,000 -- $200 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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
2023 $4,129 $316,419 $105,468 $210,951
2022 $3,964 $310,215 $103,400 $206,815
2021 $3,683 $304,133 $101,373 $202,760
2020 $3,630 $300,966 $100,322 $200,644
2019 $3,426 $295,065 $98,355 $196,710
2018 $3,341 $289,279 $96,426 $192,853
2017 $3,287 $283,607 $94,536 $189,071
2016 $3,189 $278,046 $92,682 $185,364
2015 $3,163 $273,872 $91,291 $182,581
2014 $3,091 $268,508 $89,503 $179,005
Source: Public Records

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324053019

Bay Area Real Estate Information Services (BAREIS)

APN: 179-062-15-00