NOT LISTED FOR SALE

1052 Virginia Ave Colton, CA 92324

Estimated Value: $451,257 - $633,000

4 Beds
2 Baths
1,400 Sq Ft
$397/Sq Ft Est. Value

Last Sold July 08, 2019

Last sale price $329,000 $235 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,393/month

36 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Tile Flooring
  • Forced Air Heating and Cooling System
  • Laundry Room

About This Home

As of July 2019

Great Investment Opportunity, this charming duplex needs minor TLC but overall is well taken care of. Long term tenants that both would love to stay. Both units are really clean and kept up with. Both units features a living room, dining room, kitchen, 2 bedrooms and full bathroom, central AC and Heat, Granite Counter tops in kitchen. Both units share front, side and back yard. Separate meters for each unit for gas, electricity. Water is paid for by owner and only one meter. Each unit has its detached garage. Bring your investors or take a look for yourself. This opportunity will not last.

Last Agent to Sell the Property

Luis Torres

Kurt W. Tiedt License #01796656 Listed on: 03/05/2019

Last Buyer's Agent

Mark Torres

Empire Realty License #01731959

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,372

Year Built

  • Built in 1926

Lot Details

  • 5,280 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,400 Sq Ft Home
  • Duplex

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Gas Range
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, grounds care, gas
  • Tax Lot 14
  • Tax Tract Number 1947
  • Assessor Parcel Number 0164122070000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,347
  • Trash Expense $610
  • Water Sewer Expense $850
  • New Taxes Expense $3,140
  • Operating Expense $5,948
  • Gross Income $24,000
  • Net Operating Income $21,721

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,372

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Gas range for each unit
  • Property Attached: Yes
  • Water Sewer Expenses: 850.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0164122070000
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 235.00
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 610.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5280.00
  • Lot Size Acres: 0.1212

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Gas

Multi Family

  • Average2 Bed Area: 700 Square Feet
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1347.20
  • Lot Size Area: 5280.0000 Square Feet
  • Net Operating Income: 21721.36
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 2278.64
  • Rent Control: No
  • Total Expenses: 5947.56

Tax Info

  • New Taxes Expense: 3140.30
  • Tax Census Tract: 70.00
  • Tax Lot: 14
  • Tax Tract Number: 1947

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Picazo David
Bought by
Picazo David and Mejia Denise
Current Estimated Value
$555,814

Purchase Details

Listed on
Mar 5, 2019
Closed on
Jun 5, 2019
Sold by
Torres Luis E
Bought by
Picazo David
Seller's Agent
Luis Torres
Kurt W. Tiedt
Buyer's Agent
Mark Torres
Empire Realty
List Price
$329,000
Sold Price
$329,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%
Original Mortgage
$323,040
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 1, 2015
Closed on
Mar 10, 2016
Sold by
Hippoze Bulk Investments Llc
Bought by
Torres Luis E
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Luis Torres
Kurt W. Tiedt
List Price
$247,000
Sold Price
$229,000
Premium/Discount to List
-$18,000
-7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%
Original Mortgage
$171,750
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2015
Sold by
Hippoze Bulk Investments Llc
Bought by
Hippoze Bulk Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.64%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 21, 2011
Sold by
Federal National Mortgage Association
Bought by
Hippozze Bulk Investment Llc

Purchase Details

Closed on
Mar 18, 2010
Sold by
Ingleton Alberto E and Ingleton Elizabeth Roman
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 13, 2004
Sold by
Ingleton Alberto
Bought by
Ingleton Alberto E and Ingleton Elizabeth Roman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 1996
Sold by
Davis Clarke R
Bought by
Ingleton Alberto

Purchase Details

Closed on
Jul 15, 1996
Sold by
Davis Clarke R and Davis Clark R
Bought by
Davis Clarke R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,850
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 1996
Sold by
Hud
Bought by
Davis Clark R

Purchase Details

Closed on
Jul 13, 1995
Sold by
Sterling Bank & Trust Fsb
Bought by
Hud

Purchase Details

Closed on
Jul 6, 1995
Sold by
Lara Ramiro and Lara Ramona
Bought by
Sterling Bank & Trust Fsb

Purchase Details

Closed on
Dec 16, 1993
Sold by
Lara Ramiro and Lara Ramona
Bought by
Lara Ramiro and Lara Ramona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,938
Interest Rate
7.2%
Mortgage Type
FHA
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
Picazo David -- None Listed On Document
Picazo David $329,000 Fidelity National Title Ie
Picazo David -- Fidelity National Title Ie
Torres Luis E $229,000 Fidelity National Title
Hippoze Bulk Investments Llc -- Lawyers Title Co
Hippozze Bulk Investment Llc $80,000 Servicelink
Federal National Mortgage Association $325,964 Landsafe
Ingleton Alberto E -- Stewart Title Company
Ingleton Alberto -- American Title
Davis Clarke R -- First Southwestern Title Co
Davis Clark R $27,000 First American Title Ins Co
Hud -- First Southwestern Title Co
Sterling Bank & Trust Fsb $106,384 First Southwestern Title Co
Lara Ramiro -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Picazo David $323,040
Previous Owner Torres Luis E $171,750
Previous Owner Hippoze Bulk Investments Llc $3,000,000
Previous Owner Hippoze Bulk Investments Llc $3,000,000
Previous Owner Hippoze Bulk Investments Llc $2,000,000
Previous Owner Ingleton Alberto E $288,000
Previous Owner Ingleton Alberto E $36,000
Previous Owner Ingleton Alberto E $130,000
Previous Owner Ingleton Alberto $20,000
Previous Owner Davis Clarke R $88,850
Previous Owner Lara Ramiro $96,938
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2019 07/08/19 Sold $329,000 0.0% $235 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $329,000 +43.7% $235 / Sq Ft
04/20/2016 04/20/16 Sold $229,000 -7.3% $165 / Sq Ft
03/10/2016 03/10/16 Pending -- -- --
10/01/2015 10/01/15 For Sale $247,000 -- $177 / 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 $4,372 $390,254 $100,681 $289,573
2024 $4,372 $359,810 $87,492 $272,318
2023 $4,384 $352,754 $85,776 $266,978
2022 $4,322 $345,837 $84,094 $261,743
2021 $4,411 $339,056 $82,445 $256,611
2020 $4,430 $335,580 $81,600 $253,980
2019 $3,192 $243,016 $48,815 $194,201
2018 $3,140 $238,251 $47,858 $190,393
2017 $3,031 $233,580 $46,920 $186,660
2016 $1,172 $84,883 $21,221 $63,662
2015 $1,135 $83,608 $20,902 $62,706
2014 $1,097 $81,971 $20,493 $61,478
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19049722

California Regional Multiple Listing Service (CRMLS)

APN: 0164-122-07