NOT LISTED FOR SALE
9 Beds
5 Baths
3,760 Sq Ft
0.53 Acre Lot

Sale Details

Date Sold: September 21, 2023

Last sale price $1,085,000 $289 Per Sq Ft

4 Days on Market

Highlights

  • 0.53 Acre Lot
  • Wall Furnace
  • 1-Story Property
  • Evaporated cooling system
  • Back and Front Yard

About This Home

As of September 2023

Awesome 4 unit property on half an acre. Each unit has its own attached garage, driveway spaces, and large private backyards. One 3/2 and three 2/1s. Each with its own laundry in garage. All 4 units seperately metered for water, gas, and electricity. Solid cap rate at listed price with plenty of upside left on market rents and overall just a great income property to get your hands on.

Last Agent to Sell the Property

Kelly O'Grady

Griffin Real Estate, Inc. License #02099467 Listed on: 07/28/2023

Last Buyer's Agent

Emmy Vo

The Associates Realty Group License #01473003

The Associates Realty Group
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 23,028 Sq Ft Lot
  • Two or More Common Walls
  • Back and Front Yard

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,760 Sq Ft Home
  • 1-Story Property
  • Laundry in Garage

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Location

  • Suburban Location

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 11252
  • Assessor Parcel Number 0274211420000
  • $1,142 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,596
  • Maintenance Expense $3,000
  • Trash Expense $1,208
  • Water Sewer Expense $4,215
  • New Taxes Expense $13,750
  • Operating Expense $24,769
  • Gross Income $75,804
  • Net Operating Income $57,319

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.53 Acres

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4215.00
  • Zoning: RM
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0274211420000
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 288.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1208.00
  • Water Source: Public
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 23028.00
  • Lot Size Acres: 0.5287

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 75804.00
  • Gross Operating Income: 73530.00
  • Gross Scheduled Income: 75804.00
  • Insurance Expense: 2596.00
  • Lot Size Area: 23028.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 57319.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 16211.00
  • Rent Control: No
  • Total Expenses: 24769.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Census Tract: 66.01
  • Tax Lot: 5
  • Tax Tract Number: 11252
  • TaxOtherAnnualAssessmentAmount: 1142.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Colton, CA

See All Agents

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/21/2023 09/21/23 Sold $1,085,000 -1.4% $289 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $1,100,000 -- $293 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,932 $1,128,834 $339,170 $789,664
2025 $13,932 $1,106,700 $332,520 $774,180
2024 $13,291 $1,085,000 $326,000 $759,000
2023 $5,163 $402,428 $92,322 $310,106
2022 $5,087 $394,537 $90,512 $304,025
2021 $5,183 $386,801 $88,737 $298,064
2020 $5,201 $382,835 $87,827 $295,008
2019 $5,064 $375,329 $86,105 $289,224
2018 $4,827 $367,970 $84,417 $283,553
2017 $4,658 $360,755 $82,762 $277,993
2016 $4,775 $353,681 $81,139 $272,542
2015 $4,623 $348,368 $79,920 $268,448
2014 $4,443 $341,543 $78,354 $263,189
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG23139796

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.