$855,000 Price Analysis 1320 Locust PlDavis, CA 95618 5 bed 5 bath 2,684 SqFt ($318/SqFt) 6,900SqFt lot. Built 1967 Listed 2024-04-25, Taxes $4,920 | Ⓧ USDA Ineligible due to price & location near Davis |
Cleaned and ready for new ownership. City resale has been cleared as well; all additions and modifications have been permitted through the City. Current owner took an original Stanley Davis Marin floor plan home and built it up into a 5 bed / 5 bath 2, 600+ square foot property which has served as a strong investment for his family for many years.
Each bedroom has its own associated bathroom, making it ideal either for a large family or to be rented by the bedroom. Based on current rental comps, I believe an SRO investment strategy could generate ~$5, 000 in monthly rent. Vacancy has never been an ssue, multiple tenants having lived in the property for 3+ years. The nature of this unique property leaves opportunity for creative investors to maximize returns. Come take a look for yourself!
Presented by Tanner Mohr at
Lyon Re Davis.
Property MLS #224042092 from MetroList
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $225,511 + $96,081 $321,592 | $4,920 |
2021 | $221,090 + $94,198 $315,288 | $4,793 |
2020 | $218,823 + $93,233 $312,056 | $4,711 |
2019 | $214,533 + $91,405 $305,938 | $4,434 |
2018 | $210,327 + $89,613 $299,940 | $4,144 |
2017 | $206,203 + $87,856 $294,059 | $4,054 |
2016 | $202,160 + $86,134 $288,294 | $3,903 |
2015 | $192,124 + $84,841 $276,965 | $3,763 |
2014 | $188,361 + $83,180 $271,541 | $3,702 |
2013 | $187,510 + $82,805 $270,315 | $3,702 |
2012 | $183,834 + $81,182 $265,016 | $3,637 |
2010 | $180,230 + $79,591 $259,821 | $3,316 |
2009 | $179,309 + $79,185 $258,494 | $3,322 |
2009 | $178,884 + $78,997 $257,881 | $3,322 |
2008 | $175,794 + $77,633 $253,427 | $3,128 |
2007 | $172,348 + $76,111 $248,459 | $2,988 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.