NOT LISTED FOR SALE

1083 Circle City Dr Corona, CA 92879

Central Corona Neighborhood
6 Beds
6 Baths
23,744 Sq Ft
1.6 Acres

Last Sold July 25, 2013

Last sale price $3,700,000 $156 Per Sq Ft

19 Days on Market

Highlights

  • Private Pool
  • 1.6 Acre Lot
  • Guest Parking
  • Centennial High School Rated A-
  • Laundry Room
  • 5-minute walk to City Park

About This Home

As of July 2013

28 Individually-Leased Condominiums in a 36 Unit Complex (8 Condominiums are Privately-Owned).
(5) ‘Gold’ Floorplans (Granite Countertops, Pergo Flooring, New Kitchen Cabinets, Crown Molding, Microwave)
(11) ‘Silver’ Floorplans (Formica Countertops, Carpet Flooring, Microwave)
(12) ‘Bronze’ Floorplans (Resurfaced Countertops, Carpet Flooring)
Property is in excellent condition. Utility Metering Individually Metered for Electricity, Gas & Water. Individual Hot Water Heaters & W/D hookups.
The property is currently 97% occupied with only one vacancy.

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 05/23/2013

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 1.6 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

HOA Fees

  • $232 Monthly HOA Fees

Home Design

  • 23,744 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 78 Parking Spaces
  • 36 Carport Spaces
  • Parking Available
  • Guest Parking
  • Parking Permit Required
  • Unassigned Parking

Additional Features

  • Laundry Room
  • Private Pool
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 1 / A
  • Tax Tract Number 21045
  • Assessor Parcel Number 117323001

Community Details

Overview

  • 4 Buildings
  • 28 Units

Recreation

  • Community Pool

Building Details

  • 28 Separate Electric Meters
  • 28 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,500
  • Maintenance Expense $11,034
  • Other Expense $1,826
  • Trash Expense $402
  • Water Sewer Expense $403
  • New Taxes Expense $42,199
  • Gross Income $32,691
  • Net Operating Income $196,034

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • CapRate: 5.10
  • Price Per Unit: 136607
  • Property Attached: Yes
  • Water Sewer Expenses: 403.00
  • Property Type: Residential Income
  • Parcel Number: 117323001
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 155.83

Exterior Features

  • Pool Features: Association
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 36.00
  • Parking: Yes
  • Parking Features: Carport, Guest, Permit Required, Unassigned
  • Total Parking Spaces: 78.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Trash Expense: 402.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 232.00
  • Association Fee Frequency: Monthly
  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 69696.00
  • Lot Size Acres: 1.6000

Multi Family

  • Average2 Bed Area: 848
  • Gross Income: 32691.00
  • Gross Multiplier: 9.77
  • Gross Scheduled Income: 391308.00
  • Gross Spendable Income: 42640.00
  • Insurance Expense: 7500.00
  • Lot Size Area: 69696.0000 Square Feet
  • Maintenance Expense: 11034.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 196034.00
  • Number Of Separate Electric Meters: 28
  • Number Of Separate Gas Meters: 28
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 28
  • Operating Expense: 175709.00
  • Operating Expense Percent: 44.90
  • Other Expense: 1826.00
  • Other Expense Description: Misc
  • Rent Control: No
  • Total Actual Rent: 32691.00
  • Vacancy Allowance: 19565
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 42199.00
  • Tax Block: A
  • Tax Lot: 1
  • Tax Tract Number: 21045

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2013 07/25/13 Sold $3,700,000 -3.3% $156 / Sq Ft
06/11/2013 06/11/13 Pending -- -- --
05/23/2013 05/23/13 For Sale $3,825,000 -- $161 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Peter Gillin

    Morgan Skenderian

  • Doug Rodermund

    Buyer's Agent in 2013

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    22 Total Sales

    Doug Rodermund
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13096704

California Regional Multiple Listing Service (CRMLS)
California Riverside County Corona 92879 Central Corona

1083 Circle City Dr, Corona, CA

This home is located at 1083 Circle City Dr, Corona, CA 92879 since 23 May 2013. This property was built in 1988. 1083 Circle City Dr is a home located in Riverside County with nearby schools including Garretson Elementary School, Auburndale Intermediate, and Centennial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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