Seller's Agent in 2024
Gustavo Arias
First Team Real Estate
(323) 819-0035
6 in this area
35 Total Sales
1080 N Verde Ave Unit 4 Rialto, CA 92376
Estimated Value: $1,101,000 - $1,193,000
9
Beds
5
Baths
3,765
Sq Ft
$302/Sq Ft
Est. Value
About This Home
As of August 2024NOI, NOI, NOI!! Rare opportunity to get incredible above-market NOI in the heart of Rialto!! This hard-to-find investment opportunity has a current net operating income of $58350 with more upside potential. A fully rented 4-unit building offers exceptional potential with a mix of one spacious 3-bedroom, 2-bathroom unit and three comfortable 2-bedroom, 1-bathroom units. Each unit includes an assigned one-car garage and access to up to 8 uncovered parking spaces, providing ample parking for tenants. This property is perfect for investors seeking steady rental income in a desirable location. Don’t miss out on this rare opportunity *** ACT NOW!*** With the right offer the seller will provide a 2-point buy down on the interest rate. Additionally, the lender will contribute 1% of the loan amount, up to $5,000, further easing your financial commitment. Contact us today to learn more about this exclusive offer!
Last Agent to Sell the Property
First Team Real Estate Brokerage Phone: 323-819-0035 License #01889399 Listed on: 06/12/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,272
Year Built
- Built in 1984
Lot Details
- 8,480 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
- Unassigned Parking
Home Design
- Quadruplex
- Entry on the 2nd floor
Interior Spaces
- 3,765 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 27
- Tax Tract Number 9903
- Assessor Parcel Number 0127351300000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $300
- Insurance Expense $1,596
- Professional Management Expense $5,081
- Trash Expense $2,400
- Water Sewer Expense $4,260
- Operating Expense $13,637
- Gross Income $67,483
- Net Operating Income $58,350
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2024
Closed on
Jul 5, 2024
Sold by
Smith Benjamin Russell
Bought by
1080 N Verde Ave Llc
Seller's Agent
Gustavo Arias
First Team Real Estate
Buyer's Agent
George Ortiz
Homequest Real Estate
List Price
$1,100,000
Sold Price
$1,100,000
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,224
Avg. Annual Appreciation
2.73%
Original Mortgage
$585,000
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 7, 2019
Sold by
Melencorp
Bought by
Smith Benjamin Russell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,750
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 14, 2012
Sold by
Bac Home Loans Servicing Lp
Bought by
Melencorp
Purchase Details
Closed on
May 31, 2011
Sold by
Morrow Tommy
Bought by
Morrow Family Trust and Moorish Science Temple Of America
Purchase Details
Closed on
May 27, 2011
Sold by
Morrow Tommy
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp
Purchase Details
Closed on
Jul 10, 2006
Sold by
Morrow Gloria
Bought by
Morrow Tommy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 30, 2006
Sold by
Pucci Gregory R
Bought by
Morrow Tommy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 6, 2005
Sold by
Pucci Gregory R and Pucci Gregory
Bought by
Pucci Gregory R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
1.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 12, 2004
Sold by
Martinez Juan
Bought by
Martinez Olivier
Purchase Details
Closed on
Nov 18, 2003
Sold by
Martinez Olivier
Bought by
Pucci Gregory
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,795
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 10, 2000
Sold by
United California Mexican American Assn
Bought by
Flores Jesus and The 1080 North Verde Avenue Ri
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.89%
Purchase Details
Closed on
Aug 16, 2000
Sold by
Flores Jesus
Bought by
Martinez Olivier
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.89%
Purchase Details
Closed on
Mar 22, 2000
Sold by
Hud
Bought by
United California Mexican American Assn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.22%
Purchase Details
Closed on
Jan 13, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud
Purchase Details
Closed on
Aug 28, 1998
Sold by
Escobar Raul and Chavez Fermin
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
Jul 30, 1998
Sold by
Escobar Raul and Chavez Fermin
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
Jan 8, 1998
Sold by
Escobar Raul and Chavez Fermin
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
May 2, 1995
Sold by
Vu Cua Huy and Ngo Dua Thi
Bought by
Escobar Raul and Chavez Fermin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,291
Interest Rate
7.88%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 27, 1994
Sold by
Emc Mtg Corp
Bought by
Vu Cua Huy and Ngo Dua Thi
Purchase Details
Closed on
Dec 1, 1993
Sold by
Great Western Bank
Bought by
Emc Mtg Corp
Purchase Details
Closed on
Oct 7, 1993
Sold by
California Reconveyance Company
Bought by
Great Western Bank
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1080 N Verde Ave Llc | $1,100,000 | Lawyers Title | |
| Smith Benjamin Russell | $705,000 | Fidelity National Title Co | |
| Smith Benjamin Russell | -- | Fidelity National Title Co | |
| Melencorp | $225,000 | Landsafe Title Simi Valley | |
| Morrow Family Trust | -- | None Available | |
| Bac Home Loans Servicing Lp | $268,650 | Landsafe Title | |
| Morrow Tommy | -- | First American | |
| Morrow Tommy | $575,000 | First American | |
| Pucci Gregory R | -- | Equity Title Co Santa Ana | |
| Martinez Olivier | -- | Commonwealth Title | |
| Pucci Gregory | $350,000 | Commonwealth Title | |
| Flores Jesus | -- | Orange Coast Title | |
| Martinez Olivier | $165,000 | Orange Coast Title | |
| United California Mexican American Assn | $80,000 | Orange Coast Title | |
| Hud | -- | Fidelity National Title Ins | |
| Norwest Mtg Inc | $141,104 | Fidelity National Title Ins | |
| Norwest Mtg Inc | $141,104 | Fidelity National Title Ins | |
| Norwest Mtg Inc | $128,882 | Fidelity National Title Ins | |
| Escobar Raul | $110,000 | Old Republic Title Company | |
| Vu Cua Huy | $64,500 | Fidelity National Title Ins | |
| Emc Mtg Corp | $51,500 | Fidelity National Title Ins | |
| Great Western Bank | $120,764 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 1080 N Verde Ave Llc | $585,000 | |
| Previous Owner | Smith Benjamin Russell | $528,750 | |
| Previous Owner | Morrow Tommy | $57,500 | |
| Previous Owner | Morrow Tommy | $460,000 | |
| Previous Owner | Pucci Gregory R | $400,000 | |
| Previous Owner | Pucci Gregory | $359,795 | |
| Previous Owner | Martinez Olivier | $148,500 | |
| Previous Owner | United California Mexican American Assn | $95,000 | |
| Previous Owner | Escobar Raul | $109,291 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2024 08/20/24 | Sold | $1,100,000 | +0.5% | $292 / Sq Ft |
| 07/02/2024 07/02/24 | Pending | -- | -- | -- |
| 06/20/2024 06/20/24 | Price Changed | $1,094,000 | -0.3% | $291 / Sq Ft |
| 06/17/2024 06/17/24 | Price Changed | $1,097,000 | -0.3% | $291 / Sq Ft |
| 06/12/2024 06/12/24 | For Sale | $1,100,000 | -- | $292 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,272 | $1,100,000 | $250,000 | $850,000 |
| 2024 | $9,272 | $755,901 | $150,108 | $605,793 |
| 2023 | $9,892 | $741,080 | $147,165 | $593,915 |
| 2022 | $9,183 | $726,549 | $144,279 | $582,270 |
| 2021 | $9,124 | $712,303 | $141,450 | $570,853 |
| 2020 | $9,185 | $705,000 | $140,000 | $565,000 |
| 2019 | $4,223 | $320,906 | $56,300 | $264,606 |
| 2018 | $4,100 | $314,614 | $55,196 | $259,418 |
| 2017 | $4,070 | $308,445 | $54,114 | $254,331 |
| 2016 | $4,025 | $302,397 | $53,053 | $249,344 |
| 2015 | $4,042 | $297,855 | $52,256 | $245,599 |
| 2014 | $3,805 | $292,020 | $51,232 | $240,788 |
Source: Public Records
Agents Affiliated with this Home
-
Gustavo Arias
-
George Ortiz
G
Buyer's Agent in 2024
George Ortiz
Homequest Real Estate
(949) 777-5352
2 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24118506
APN: 0127-351-30
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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