NOT LISTED FOR SALE

Estimated Value: $635,000 - $800,000

5 Beds
3 Baths
2,403 Sq Ft
$303/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $685,000 $285 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,517/month

2 Days on Market

Highlights

  • 0.45 Acre Lot
  • No HOA
  • No Heating
  • El Cerrito Middle School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of April 2022

A rare opportunity in a desirable area of Corona, this home has so many opportunities! An investor's dream with 3 possible rentals, a family home with a back house to offset mortgage, or perfect for the home business/office. This extra large lot has two separate units on it and there is definitely room for more, possible conversion of the storage unit to a studio. Both units are single story. The first unit offers 3 bed/2 bath and an open floor plan with the kitchen overlooking the family room. Off the family room is a sun room leading to a large private patio area. The second unit is 2 bed/1bath with an attached storage space that could possibly be converted. The last 100 feet of the property is not fenced, but the lot is a rectangle. Also on the property is a free standing storage shed. Call today for a private tour!

Last Agent to Sell the Property

Ashley Diaz

MAINSTREET REALTORS License #01774201 Listed on: 03/30/2022

MAINSTREET REALTORS

Co-Listed By

Patricia Banker

MAINSTREET REALTORS License #01418473

Last Buyer's Agent

Ashley Diaz

MAINSTREET REALTORS License #01774201 Listed on: 03/30/2022

MAINSTREET REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,894

Year Built

  • Built in 1953

Lot Details

  • 0.45 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 2,403 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Parking Available
  • Driveway

Additional Features

  • Exterior Lighting
  • Suburban Location
  • No Heating

Listing and Financial Details

  • Tenant pays for grounds care
  • Tax Lot 17
  • Tax Tract Number 2
  • Assessor Parcel Number 111202012
  • $101 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Horsethief Canyon Subdivision

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $899
  • Trash Expense $527
  • Water Sewer Expense $197
  • Operating Expense $318
  • Gross Income $25,000
  • Net Operating Income $2,182

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,894

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Price Per Unit: 332500
  • Property Attached: No
  • Subdivision Name Other: Horsethief Canyon
  • Water Sewer Expenses: 197.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 111202012
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 285.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Sewer: Public Sewer
  • Trash Expense: 527.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 19602.00
  • Lot Size Acres: 0.4500

Rental Info

  • Tenant Pays: Grounds Care

Multi Family

  • Average2 Bed Area: 712 Square Feet
  • Average3 Bed Area: 1691 Square Feet
  • Gross Income: 25000.00
  • Gross Scheduled Income: 2500.00
  • Insurance Expense: 899.15
  • Lot Size Area: 19602.0000 Square Feet
  • Net Operating Income: 2182.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 318.00
  • Rent Control: No
  • Total Expenses: 318.00

Tax Info

  • Tax Census Tract: 418.13
  • Tax Lot: 17
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 101.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Apr 6, 2022
Sold by
Cwc Mejia I Llc
Bought by
Ace Properties Usa Llc
Seller's Agent
Ashley Diaz
MAINSTREET REALTORS
Buyer's Agent
Ashley Diaz
MAINSTREET REALTORS
List Price
$665,000
Sold Price
$685,000
Premium/Discount to List
$20,000
3.01%
Current Estimated Value
$727,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,886
Avg. Annual Appreciation
1.75%

Purchase Details

Closed on
Jan 26, 2021
Sold by
Arbogast Christine M and Mejia William D
Bought by
Arbogast Christine M and Mejia William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2016
Sold by
Cwc Mejia I Llc
Bought by
Arbogast Christine M and Mejia William D

Purchase Details

Closed on
Feb 21, 2015
Sold by
Arbogast Christine M and Mejia William D
Bought by
Cwc Mejia I Llc

Purchase Details

Closed on
Oct 19, 1995
Sold by
Mejia Augustine M and Mejia Consuelo B
Bought by
Mejia Augustine M and Mejia Consuelo B

Purchase Details

Closed on
Mar 10, 1994
Sold by
Lunetta John and Lunetta Betty
Bought by
Mejia Augustine and Mejia Consuelo B
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
Ace Properties Usa Llc $675,000 Fidelity National Title
Arbogast Christine M -- First American Title
Arbogast Christine M -- None Available
Cwc Mejia I Llc -- None Available
Arbogast Christine M -- None Available
Mejia Augustine M -- --
Mejia Augustine M -- --
Mejia Augustine M -- --
Mejia Augustine M -- --
Mejia Augustine M -- --
Mejia Augustine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arbogast Christine M $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $685,000 0.0% $285 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
04/01/2022 04/01/22 Off Market $685,000 -- --
03/30/2022 03/30/22 For Sale $665,000 -- $277 / 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 $7,894 $716,313 $178,282 $538,031
2023 $7,894 $688,500 $171,360 $517,140
2022 $845 $66,381 $13,569 $52,812
2021 $828 $65,080 $13,303 $51,777
2020 $820 $64,414 $13,167 $51,247
2019 $803 $63,152 $12,909 $50,243
2018 $787 $61,914 $12,657 $49,257
2017 $770 $440,000 $100,000 $340,000
2016 $762 $59,512 $12,166 $47,346
2015 $670 $58,620 $11,984 $46,636
2014 $649 $57,473 $11,750 $45,723
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22059773

California Regional Multiple Listing Service (CRMLS)

APN: 111-202-012