NOT LISTED FOR SALE

Estimated Value: $1,170,000 - $1,293,000

8 Beds
8 Baths
3,200 Sq Ft
$387/Sq Ft Est. Value

Last Sold October 04, 2019

Last sale price $810,000 $253 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $7,550/month

10 Days on Market

About This Home

As of October 2019

Good location in Corona, walking distance to Corona High School & Plaza Sixth Street Shopping Center, Fully Occupied 4Plex. All units are 2 bedrooms and 2 baths, Laundry Hookups inside each unit. Total Buiding sqft is 3,200 sqft, lot size is 7,949 sqft, very good living space for each unit, aprx 800 sqft each, all units are in good condition. Excellent and long term tenants, direct deposit. Good building structure, tile roof. each unit has 1 car pot, many parking spaces are in front of property, good size front yard. This is an excellent investment property, high demand and good rental income, a must buy

Last Agent to Sell the Property

Joseph Tran

OC Realty & Investments License #01380996 Listed on: 07/29/2019

Co-Listed By

Theresa Nguyen

OC Realty & Investments License #01449487

Last Buyer's Agent

Theresa Nguyen

OC Realty & Investments License #01449487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,717

Year Built

  • Built in 1972

Lot Details

  • 7,949 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • 3,200 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 16
  • Tax Tract Number 2287
  • Assessor Parcel Number 110071009

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $85
  • Gardener Expense $65
  • Insurance Expense $1,200
  • Trash Expense $100
  • Water Sewer Expense $300
  • New Taxes Expense $9,000
  • Operating Expense $10,750
  • Gross Income $54,650
  • Net Operating Income $54,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,717

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Ad Number: 7147851738
  • CapRate: 6.75
  • Other Phone Description: 7147851738
  • Other Phone Number: 7147851738
  • Property Attached: No
  • Water Sewer Expenses: 300.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 65.00
  • Parcel Number: 110071009
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 253.12

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7949.00
  • Lot Size Acres: 0.1825

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 85.00
  • Gross Income: 54650.00
  • Gross Scheduled Income: 65400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7949.0000 Square Feet
  • Net Operating Income: 54650.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10750.00
  • Rent Control: No
  • Total Expenses: 10750.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Census Tract: 417.03
  • Tax Lot: 16
  • Tax Tract Number: 2287

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2023
Sold by
Ha Kc Bui Trust
Bought by
Qt Kaja Llc Series C
Current Estimated Value
$1,237,064

Purchase Details

Closed on
Feb 25, 2021
Sold by
Ha Quang Ky and Bui Tiffany
Bought by
Ha Quang Ky and Bui Tiffany C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2020
Sold by
Ha Quang and Bui Tiffany
Bought by
Ha Quang and Bui Tiffany

Purchase Details

Closed on
Aug 3, 2019
Sold by
Bui Hoa and Truong Steven Long
Bought by
Ha Quang and Bui Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2010
Sold by
Nguyen Nathan
Bought by
Hoa Bui and Long Truong Steven

Purchase Details

Closed on
Apr 5, 2006
Sold by
Bui Hoa
Bought by
Bui Hoa and Truong Steven Long

Purchase Details

Closed on
Jan 14, 2005
Sold by
Pullen David G and Pullen Ida M
Bought by
Bui Hoa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 1999
Sold by
Westbrook Terry L
Bought by
Pullen David G and Pullen Ida M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 1999
Sold by
Westbrook Tricia Lyn
Bought by
Westbrook Harvey E and Westbrook Frances I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 1999
Sold by
Westbrook Harvey E and Westbrook Frances I
Bought by
Pullen David G and Pullen Ida M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.47%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Qt Kaja Llc Series C -- None Listed On Document
Ha Quang Ky -- Fidelity National Title Co
Ha Quang Ky -- Fidelity National Title Co
Ha Quang -- None Available
Ha Quang $810,000 Ticor Ttl Orange Cnty Branch
Hoa Bui -- None Available
Bui Hoa -- None Available
Bui Hoa $560,000 Fidelity National Title Co
Pullen David G -- Commonwealth Land Title Co
Westbrook Harvey E -- Commonwealth Land Title Co
Pullen David G $212,500 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ha Quang Ky $562,500
Previous Owner Ha Quang $567,000
Previous Owner Bui Hoa T $232,000
Previous Owner Bui Hoa $420,000
Previous Owner Pullen David G $141,800
Previous Owner Pullen David G $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2019 10/04/19 Sold $810,000 0.0% $253 / Sq Ft
08/08/2019 08/08/19 Off Market $810,000 -- --
08/08/2019 08/08/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $799,900 -- $250 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,717 $885,848 $218,727 $667,121
2023 $9,717 $851,452 $210,235 $641,217
2022 $9,410 $834,758 $206,113 $628,645
2021 $9,224 $818,391 $202,072 $616,319
2020 $9,123 $810,000 $200,000 $610,000
2019 $7,002 $622,426 $150,651 $471,775
2018 $6,845 $610,223 $147,699 $462,524
2017 $6,677 $598,258 $144,803 $453,455
2016 $6,613 $399,000 $110,250 $288,750
2015 $4,281 $380,000 $105,000 $275,000
2014 $4,208 $380,000 $105,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19178421

California Regional Multiple Listing Service (CRMLS)

APN: 110-071-009