NOT LISTED FOR SALE

1020 Springfield St Upland, CA 91786

Estimated Value: $1,204,000 - $1,582,000

8 Beds
4 Baths
4,028 Sq Ft
$351/Sq Ft Est. Value

Last Sold October 24, 2014

Last sale price $649,900 $161 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $8,599/month

5 Days on Market

About This Home

As of October 2014

All units are rented with seasoned tenants. Laundry room also located on first level for additional income opportunities. Water pipes have been upgraded to copper, all wood has been painted in the past 6 months. Centrally located this multifamily property has easy access to schools, shopping, freeways and more. Strong location and good rental income makes this a solid investment with room to raise rents up to market.

Last Agent to Sell the Property

Brad Davidson

We Help U Buy Realty License #01416432 Listed on: 09/16/2014

Last Buyer's Agent

Giuseppe Napoli

Century 21 Masters License #01279689

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,332

Year Built

  • Built in 1962

Lot Details

  • 7,800 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,028 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 7309
  • Assessor Parcel Number 1006481090000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,500
  • Trash Expense $720
  • Water Sewer Expense $1,600
  • New Taxes Expense $6,500
  • Gross Income $44,160
  • Net Operating Income $40,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,332

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1600.00
  • Property Type: Residential Income
  • Parcel Number: 1006481090000
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 161.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7800.00
  • Lot Size Acres: 0.1790

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 44160.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7800.0000 Square Feet
  • Net Operating Income: 40820.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11980.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Lot: 9
  • Tax Tract Number: 7309
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2014
Closed on
Sep 23, 2014
Sold by
Davidson Family Properties #1 Llc
Bought by
Takeuchi Byron T
Seller's Agent
Brad Davidson
We Help U Buy Realty
Buyer's Agent
Giuseppe Napoli
Century 21 Masters
List Price
$649,900
Sold Price
$649,900
Total Days on Market
5
Current Estimated Value
$1,412,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$762,426
Avg. Annual Appreciation
6.58%
Original Mortgage
$167,050
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2014
Sold by
Davidson Bradley
Bought by
Davidson Family Properties #1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,050
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2004
Sold by
Hagmaier Ann M
Bought by
Davidson Bradley and Davidson Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2004
Sold by
Davidson Susan
Bought by
Davidson Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2004
Sold by
Davidson Anne
Bought by
Davidson Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2004
Sold by
Davidson Barbara
Bought by
Davidson Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2004
Sold by
Hagmaier William C
Bought by
Hagmaier Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2001
Sold by
Cohen Albert
Bought by
Hagmaier William C and Hagmaier Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,700
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
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
Takeuchi Byron T $650,000 Ticor
Davidson Family Properties #1 Llc -- Ticor Title
Davidson Bradley $572,500 Old Republic Title Company
Davidson Gregory -- Old Republic Title Company
Davidson Bradley -- Old Republic Title Company
Davidson Douglas -- Old Republic Title Company
Hagmaier Ann M -- Old Republic Title Company
Hagmaier William C $313,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Takeuchi Byron T $612,000
Closed Espadas Jose Damian $276,450
Closed Takeuchi Byron T $167,050
Previous Owner Davidson Bradley $100,000
Previous Owner Davidson Gregory $100,000
Previous Owner Davidson Bradley $100,000
Previous Owner Davidson Douglas $100,000
Previous Owner Hagmaier Ann M $100,000
Previous Owner Hagmaier William C $281,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2014 10/24/14 Sold $649,900 0.0% $161 / Sq Ft
09/21/2014 09/21/14 Pending -- -- --
09/16/2014 09/16/14 For Sale $649,900 -- $161 / 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
2024 $8,332 $765,875 $267,470 $498,405
2023 $8,208 $750,857 $262,225 $488,632
2022 $8,032 $736,134 $257,083 $479,051
2021 $8,025 $721,700 $252,042 $469,658
2020 $7,808 $714,300 $249,458 $464,842
2019 $7,782 $700,294 $244,567 $455,727
2018 $7,590 $686,563 $239,772 $446,791
2017 $7,372 $673,101 $235,071 $438,030
2016 $7,112 $659,903 $230,462 $429,441
2015 $6,951 $649,990 $227,000 $422,990
2014 $6,918 $650,984 $227,845 $423,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14200026

California Regional Multiple Listing Service (CRMLS)

APN: 1006-481-09