NOT LISTED FOR SALE

1115 Front St Needles, CA 92363

Estimated Value: $124,000 - $226,000

5 Beds
2 Baths
1,436 Sq Ft
$122/Sq Ft Est. Value

Last Sold June 10, 2020

Last sale price $67,500 $47 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $996/month

49 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • 2-minute walk to Santa Fe Park

About This Home

As of June 2020

Great investment opportunity! This property has two units with no common walls. The front unit is three bedrooms and one bath. The 2nd unit, located toward the back of the property has two bedrooms and one bath. The back unit has access from the front and from the back of the property line. Must see!

Last Agent to Sell the Property

Daniel Escutia

Esen Real Estate Services License #01875256 Listed on: 04/10/2020

Last Buyer's Agent

Vickie Polston

Century 21 Masters License #01785039

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 4,560 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,436 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / 9
  • Tax Tract Number 9
  • Assessor Parcel Number 0186093030000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $2,218
  • Gross Income $14,400
  • Net Operating Income $12,182

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • CapRate: 14.35
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 0186093030000
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 47.01

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4560.00
  • Lot Size Acres: 0.1047

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 14400.00
  • Gross Multiplier: 5.89
  • Gross Scheduled Income: 14400.00
  • Lot Size Area: 4560.0000 Square Feet
  • Net Operating Income: 12182.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2218.00
  • Rent Control: No
  • Total Expenses: 2218.00

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 107.00
  • Tax Lot: 7
  • Tax Tract Number: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
Jun 1, 2020
Sold by
Zukaza Llc
Bought by
Farland Andrew
Seller's Agent
Daniel Escutia
Esen Real Estate Services
Buyer's Agent
Vickie Polston
Century 21 Masters
List Price
$84,888
Sold Price
$67,500
Premium/Discount to List
-$17,388
-20.48%
Current Estimated Value
$175,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,282
Avg. Annual Appreciation
18.53%

Purchase Details

Closed on
Jul 12, 2018
Sold by
Pine Theron and Pine Jean
Bought by
Sukaza Llc

Purchase Details

Closed on
Jul 13, 2005
Sold by
Pine Theron and Pine Jean
Bought by
Pine Theron and Pine Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2001
Sold by
Erc Investment Ltd Partnership
Bought by
Pine Theron and Pine Jean

Purchase Details

Closed on
May 11, 1994
Sold by
First American Title Insurance Company
Bought by
Erc Investment Ltd Partnership
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
Farland Andrew $67,500 Orange Coast Title
Sukaza Llc $21,000 None Available
Pine Theron -- Landsafe Rancho Cucamonga
Pine Theron -- --
Erc Investment Ltd Partnership $69,281 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pine Theron $61,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2020 06/10/20 Sold $67,500 -20.5% $47 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $84,888 -- $59 / 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 $977 $73,821 $15,311 $58,510
2024 $960 $72,374 $15,011 $57,363
2023 $1,067 $70,955 $14,717 $56,238
2022 $1,043 $69,563 $14,428 $55,135
2021 $1,028 $68,199 $14,145 $54,054
2020 $812 $51,000 $10,200 $40,800
2019 $816 $50,000 $10,000 $40,000
2018 $954 $59,597 $7,946 $51,651
2017 $928 $58,428 $7,790 $50,638
2016 $841 $57,282 $7,637 $49,645
2015 $740 $56,421 $7,522 $48,899
2014 $668 $55,316 $7,375 $47,941
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20072026

California Regional Multiple Listing Service (CRMLS)

APN: 0186-093-03