NOT LISTED FOR SALE

1003 W 2nd St Unit A Rialto, CA 92376

Estimated Value: $683,768 - $891,000

7 Beds
4 Baths
2,219 Sq Ft
$366/Sq Ft Est. Value

Last Sold August 27, 2015

Last sale price $360,000 $162 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $4,801/month

11 Days on Market

Highlights

  • City Lights View
  • Ceramic Countertops
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of August 2015

Looking for your first investment or another investment property to add to your portfolio? Or are you looking for a property where you can live in one unit and rent the other to make your payment much more affordable? Well look no further! This newer North facing duplex is perfect for you! This property features 2 units with their own 2 car garages, separate indoor laundry areas, and utility meters! Both units feature very easy to maintain ceramic tile flooring and newer water heaters. Not a handyman, no problem! One of the tenants is the current owners handyman making what very little maintenance there is to do, a breeze! Please see agent remarks regarding current rents. They are below market due to handyman being one of the tenants. Don't let this opportunity pass you by, make your private showing appointment today!

Last Agent to Sell the Property

Dennis Arguello

Southland Real Estate Group Inc. License #01769520 Listed on: 07/16/2015

Last Buyer's Agent

Adrie-marie Huezo

MAJOR LEAGUE REAL ESTATE License #01740235

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,937

Year Built

  • Built in 2004

Lot Details

  • 7,500 Sq Ft Lot
  • 1 Common Wall

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 2,219 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • City Lights Views
  • Ceramic Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Rain Gutters
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, trash collection, water
  • Tax Lot 2
  • Tax Tract Number 4779
  • Assessor Parcel Number 0128113070000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $438
  • New Taxes Expense $4,373
  • Operating Expense $4,811
  • Gross Income $2,100
  • Net Operating Income $22,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,937

Year Built

Built in 2004

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 0128113070000
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Ceiling Fan(s)
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 162.24

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7500.00
  • Price Per Lot Square Foot: 48.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Trash Collection, Water

Multi Family

  • Gross Income: 2100.00
  • Gross Scheduled Income: 25200.00
  • Insurance Expense: 438.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 22000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 9
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 3200.00
  • Rent Control: No
  • Total Expenses: 4811.00

Tax Info

  • New Taxes Expense: 4373.00
  • Tax Lot: 2
  • Tax Tract Number: 4779

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2016
Sold by
Hernandez Martha Ann
Bought by
The Martha Morefield Revocable Family Tr
Current Estimated Value
$812,192

Purchase Details

Listed on
Jul 16, 2015
Closed on
Aug 21, 2015
Sold by
Hernandez Hector Xavier
Bought by
Hernandez Martha Ann
Seller's Agent
Dennis Arguello
Southland Real Estate Group Inc.
Buyer's Agent
Adrie-marie Huezo
MAJOR LEAGUE REAL ESTATE
List Price
$349,900
Sold Price
$360,000
Premium/Discount to List
$10,100
2.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$239,000
Outstanding Balance
$188,100
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$624,092

Purchase Details

Listed on
Jul 16, 2015
Closed on
Jul 30, 2015
Sold by
Chan Ho Jeffrey Che Wan and Chan Ho Surrina
Bought by
Hernandez Martha Ann
Seller's Agent
Dennis Arguello
Southland Real Estate Group Inc.
Buyer's Agent
Adrie-marie Huezo
MAJOR LEAGUE REAL ESTATE
List Price
$349,900
Sold Price
$360,000
Premium/Discount to List
$10,100
2.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Outstanding Balance
$188,100
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$624,092

Purchase Details

Closed on
Mar 30, 2010
Sold by
Us Bank National Association
Bought by
Chan Ho Jeffrey Che Wan and Chan Ho Surrina

Purchase Details

Closed on
Feb 10, 2010
Sold by
Rodriguez Mary
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 4, 2006
Sold by
Vu Lan Thi
Bought by
Rodriguez Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,120
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2004
Sold by
Go Man Construction & Investments Inc
Bought by
Vu Lan Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2001
Sold by
Strong Gary Eldon
Bought by
Go Man Construction & Investments Inc

Purchase Details

Closed on
Nov 6, 1997
Sold by
Adad Llc
Bought by
Strong Gary Eldon

Purchase Details

Closed on
Oct 22, 1997
Sold by
Strong Lytze N
Bought by
Strong Gary Eldon
Source: Public Records

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
The Martha Morefield Revocable Family Tr -- None Available
Hernandez Martha Ann -- Orange Coast Title Company
Hernandez Martha Ann $360,000 Orange Coast Title Company
Chan Ho Jeffrey Che Wan $203,000 Lsi Title Company Inc
Us Bank National Association $205,052 Accommodation
Rodriguez Mary $528,900 Ticor Title
Vu Lan Thi $340,000 Atc-Glendale
Vu Lan Thi -- Atc-Glendale
Go Man Construction & Investments Inc $12,500 American Title Co
Strong Gary Eldon $44,000 Chicago Title
Strong Gary Eldon -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Martha Ann $239,000
Previous Owner Rodriguez Mary $423,120
Previous Owner Vu Lan Thi $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2015 08/27/15 Sold $360,000 +2.9% $162 / Sq Ft
07/27/2015 07/27/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $349,900 -- $158 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,937 $426,168 $94,705 $331,463
2024 $5,937 $417,812 $92,848 $324,964
2023 $6,280 $409,619 $91,027 $318,592
2022 $5,814 $401,587 $89,242 $312,345
2021 $5,781 $393,713 $87,492 $306,221
2020 $5,795 $389,676 $86,595 $303,081
2019 $5,678 $382,035 $84,897 $297,138
2018 $5,490 $374,544 $83,232 $291,312
2017 $5,326 $367,200 $81,600 $285,600
2016 $4,724 $360,000 $80,000 $280,000
2015 $3,109 $230,918 $48,332 $182,586
2014 -- $226,394 $47,385 $179,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15156979

California Regional Multiple Listing Service (CRMLS)

APN: 0128-113-07