NOT LISTED FOR SALE

1060 N Willow Ave Rialto, CA 92376

Estimated Value: $1,002,000 - $1,108,000

9 Beds
5 Baths
3,708 Sq Ft
$287/Sq Ft Est. Value

Sale Details

Date Sold: October 10, 2019

Last sale price $685,000 $185 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,504 / mo

17 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 4 Car Garage
  • Laundry Room

About This Home

As of October 2019

Amazing opportunity! 4 Unit (Quadruplex) for sale in Rialto. This is a great investment for a First Time Home buyer going FHA with 3.5% down payment.
All units are in fantastic shape. Granite counters and espresso cabinets in kitchen. Each unit has its own separate gas and electric meter and its own one car garage. Unit 1 has 3 bedroom and 2 bath with a cozy fireplace. Unit 2,3,4 each has 2 bedroom and 1 bath. Unit 1 and unit 3 has private patios and all units have access to private shared coin-operated laundry room. Excellent location! This property is located close to schools and shopping areas, and has easy access to the freeway. Five minutes to downtown Rialto, only few miles to City Hall, recreation parks, senior center, library, police & fire departments. Currently 100% occupied. Pays for itself. This is also an investor's dream property. Properties like this do not come on the market often. Hurry and make an offer!

Last Agent to Sell the Property

Julie Smith Coe

CAL STATE REALTY SERVICES License #01354341 Listed on: 08/09/2019

Co-Listed By

Frank Ingram

Cal State Realty Services License #02000697

Last Buyer's Agent

Jeffrey Johnson

Owning Corporation License #02093158

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 10,000 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • 4 Carport Spaces
  • Parking Available

Home Design

  • 3,708 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 43
  • Tax Tract Number 9903
  • Assessor Parcel Number 0127351070000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Gardener Expense $900
  • Insurance Expense $3,050
  • Other Expense $900
  • Trash Expense $2,711
  • Water Sewer Expense $5,400
  • New Taxes Expense $8,614
  • Operating Expense $20,495
  • Gross Income $57,600
  • Net Operating Income $37,105

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

10,000 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • Inclusions: Washers and Dryers in laundry room
  • Property Attached: Yes
  • Water Sewer Expenses: 5400.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 0127351070000
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 184.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2711.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10000.00
  • Lot Size Acres: 0.2296

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 720.00
  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 3050.00
  • Lot Size Area: 10000.0000 Square Feet
  • Net Operating Income: 37105.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20495.00
  • Operating Expense Percent: 30.00
  • Other Expense: 900.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 20495.00

Tax Info

  • New Taxes Expense: 8614.00
  • Tax Census Tract: 35.05
  • Tax Lot: 43
  • Tax Tract Number: 9903

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 5, 2019
Sold by
O S C A R Properties Llc
Bought by
Rocha Jesus Elco and Rocha Martha Maria
Seller's Agent
Julie Smith Coe
CAL STATE REALTY SERVICES
Buyer's Agent
Jeffrey Johnson
Owning Corporation
List Price
$670,000
Sold Price
$685,000
Premium/Discount to List
$15,000
2.24%
Current Estimated Value
$1,063,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,020
Avg. Annual Appreciation
7.03%
Original Mortgage
$300,000
Outstanding Balance
$198,442
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$864,578

Purchase Details

Listed on
Feb 25, 2015
Closed on
Apr 1, 2015
Sold by
Mota Rosendo and Mota Susana
Bought by
Oscar Properties Llc
Seller's Agent
Ramez Malki
C&R Properties
Buyer's Agent
Ramez Malki
C&R Properties
Sold Price
$900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%

Purchase Details

Listed on
Feb 25, 2015
Closed on
Mar 24, 2015
Sold by
Asdsr Llc
Bought by
Mota Rosendo and Mota Susana
Seller's Agent
Ramez Malki
C&R Properties
Buyer's Agent
Ramez Malki
C&R Properties
Sold Price
$900

Purchase Details

Listed on
Jun 15, 2012
Closed on
Oct 15, 2012
Sold by
Faour Sawsan
Bought by
Awada Ali M
Seller's Agent
Max McDermott
Secured Income Group Inc
Buyer's Agent
Ramez Malki
C&R Properties
List Price
$395,000
Sold Price
$416,500
Premium/Discount to List
$21,500
5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$266,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2012
Closed on
Sep 25, 2012
Sold by
Faour Sawsan
Bought by
Awada Ali M
Seller's Agent
Max McDermott
Secured Income Group Inc
Buyer's Agent
Ramez Malki
C&R Properties
List Price
$395,000
Sold Price
$416,500
Premium/Discount to List
$21,500
5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2012
Closed on
Aug 31, 2012
Sold by
Maxmar Holdings Llc
Bought by
Awada Ali M
Seller's Agent
Max McDermott
Secured Income Group Inc
Buyer's Agent
Ramez Malki
C&R Properties
List Price
$395,000
Sold Price
$416,500
Premium/Discount to List
$21,500
5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2008
Sold by
Homequest Llc
Bought by
Maxmar Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2008
Sold by
Christiana Bank & Trust Co
Bought by
Homequest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2008
Sold by
Castaneda Jose Ruiz
Bought by
Christiana Bank & Trust Co and The Security National Funding Trust

Purchase Details

Closed on
Sep 28, 1999
Sold by
Washington Mutual Bank Fa
Bought by
Mendez Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
9.52%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 3, 1998
Sold by
Amaya Maria and Amaya Manuel H
Bought by
Washington Mutual Bank Fa and Home Svgs Of America Fsb

Purchase Details

Closed on
Mar 13, 1997
Sold by
Luis Herrera Manuel A
Bought by
Navarro Jose A and Navarro Maria
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rocha Jesus Elco $685,000 Orange Coast Title Co
Oscar Properties Llc -- None Available
Mota Rosendo $460,000 First American
Awada Ali M -- None Available
Asdsr Llc -- None Available
Awada Ali M -- First American Title Company
Awada Ali M $416,500 First American Title Company
Maxmar Holdings Llc -- First American Title Company
Homequest Llc -- First American Title Company
Christiana Bank & Trust Co $469,000 Accommodation
Mendez Socorro $115,000 Chicago Title Insurance Co
Washington Mutual Bank Fa $129,038 First American Title Ins Co
Navarro Jose A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rocha Jesus Elco $300,000
Previous Owner Awada Ali M $266,000
Previous Owner Maxmar Holdings Llc $215,000
Previous Owner Homequest Llc $340,000
Previous Owner Mendez Socorro $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2019 10/10/19 Sold $685,000 0.0% $185 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
08/16/2019 08/16/19 Off Market $685,000 -- --
08/09/2019 08/09/19 For Sale $670,000 +45.7% $181 / Sq Ft
03/31/2015 03/31/15 Sold $460,000 +51011.1% $124 / Sq Ft View Prior Sale
03/18/2015 03/18/15 Pending -- -- --
02/25/2015 02/25/15 Rented $900 0.0% --
02/25/2015 02/25/15 For Rent $900 0.0% --
02/20/2015 02/20/15 For Sale $495,000 0.0% $133 / Sq Ft
07/22/2014 07/22/14 Rented $900 0.0% --
07/22/2014 07/22/14 For Rent $900 +12.5% --
03/24/2014 03/24/14 Rented $800 -5.9% --
02/22/2014 02/22/14 Under Contract -- -- --
01/04/2014 01/04/14 For Rent $850 -34.6% --
02/02/2013 02/02/13 Rented -- -- --
02/02/2013 02/02/13 Under Contract -- -- --
12/11/2012 12/11/12 For Rent $1,300 0.0% --
09/07/2012 09/07/12 Sold $416,500 +5.4% $112 / Sq Ft View Prior Sale
08/07/2012 08/07/12 Pending -- -- --
06/15/2012 06/15/12 For Sale $395,000 -- $107 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,342 $749,148 $147,643 $601,505
2024 $9,012 $734,459 $144,748 $589,711
2023 $9,615 $720,058 $141,910 $578,148
2022 $8,926 $705,939 $139,127 $566,812
2021 $8,868 $692,097 $136,399 $555,698
2020 $8,928 $685,000 $135,000 $550,000
2019 $6,465 $495,600 $96,965 $398,635
2018 $6,276 $485,883 $95,064 $390,819
2017 $6,229 $476,356 $93,200 $383,156
2016 $6,160 $467,016 $91,373 $375,643
2015 $5,404 $400,827 $61,476 $339,351
2014 $5,084 $392,976 $60,272 $332,704
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19105302

California Regional Multiple Listing Service (CRMLS)

APN: 0127-351-07

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