NOT LISTED FOR SALE

Estimated Value: $1,284,000 - $1,377,000

8 Beds
8 Baths
4,224 Sq Ft
$312/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $1,242,500 $294 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,137/month

4 Days on Market

Highlights

  • Laundry Room
  • Crafton Elementary School Rated A-
  • 4 Car Garage

About This Home

As of August 2023

Welcome to 1131 E Citrus Avenue, a 4-unit Townhouse building located in the heart of Redlands. Offering a harmonious fusion of comfort and investment potential, this property presents an exciting opportunity for discerning investors and residents seeking a charming place to call home. Each of the four units boasts a spacious layout, with approximately 1000 square feet of living space. Designed with a focus on practicality and style, each unit features two bedrooms and two baths, offering ample space for comfortable living. All bedrooms are located upstairs with a half bath downstairs. Two of the units have undergone complete remodeling, showcasing modern fixtures, upgraded finishes, and contemporary aesthetics. These renovated units are sure to captivate potential tenants seeking a premium living experience. The remaining two units offer a blank canvas for personalization, presenting an opportunity for the new owner to add their touch and further enhance the property's value.Nestled in the charming city of Redlands, this property enjoys proximity to an array of conveniences and attractions. Residents will find themselves within easy reach of shopping centers, dining establishments, parks, and recreational facilities, catering to their diverse lifestyle needs.For savvy investors, this 4-unit apartment building holds significant potential for steady rental income and long-term appreciation. The combination of updated units, a Section 8 rental (guaranteed income), and the opportunity for further improvements positions this property as an excellent addition to any investment portfolio. Property has a separate laundry room ready for a coin operated washer and dryer that can bring in additional income.

Last Agent to Sell the Property

Eddie Perez

The R.R. Network License #01793657 Listed on: 08/04/2023

Last Buyer's Agent

Rudy Ray Muniz

WORK REALTY ADVISORS License #02022511

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,224 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 6932
  • Assessor Parcel Number 0170251500000
  • $1,760 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Trash Expense $2,783
  • Water Sewer Expense $5,508
  • Operating Expense $9,491
  • Gross Income $87,600
  • Net Operating Income $78,109

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5508.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 0170251500000
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 294.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2783.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11000.00
  • Lot Size Acres: 0.2525

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 87600.00
  • Gross Scheduled Income: 87600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 11000.0000 Square Feet
  • Net Operating Income: 78109.00
  • 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
  • Number With Range: 4
  • Operating Expense: 9491.00
  • Rent Control: No
  • Total Actual Rent: 7300.00
  • Total Expenses: 9491.00

Tax Info

  • Tax Census Tract: 84.04
  • Tax Lot: 6
  • Tax Tract Number: 6932
  • TaxOtherAnnualAssessmentAmount: 1760.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Aug 24, 2023
Sold by
Wraith 48 Llc
Bought by
C Hartfield Llc
Seller's Agent
Eddie Perez
The R.R. Network
Buyer's Agent
Rudy Ray Muniz
WORK REALTY ADVISORS
List Price
$998,000
Sold Price
$1,242,500
Premium/Discount to List
$244,500
24.5%
Views
32
Current Estimated Value
$1,318,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,213
Avg. Annual Appreciation
2.60%

Purchase Details

Closed on
Dec 1, 2022
Sold by
Perez Edwin
Bought by
Wraith 48 Llc

Purchase Details

Closed on
Jun 25, 2020
Sold by
Osel Kwabena
Bought by
Perez Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 30, 2018
Sold by
Osei Adwoa
Bought by
Osei Kwabena
Seller's Agent
Luis Zapata
Re/Max Champions
Buyer's Agent
Luis Zapata
Re/Max Champions
List Price
$619,999
Sold Price
$610,000
Premium/Discount to List
-$9,999
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.14%
Original Mortgage
$488,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 14, 2018
Sold by
Ha Hai Ngoc
Bought by
Osei Kwabena
Seller's Agent
Luis Zapata
Re/Max Champions
Buyer's Agent
Luis Zapata
Re/Max Champions
List Price
$619,999
Sold Price
$610,000
Premium/Discount to List
-$9,999
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2018
Sold by
Ha Han
Bought by
Ha Hai Ngoc and The Hai Hgoc Ha Trust

Purchase Details

Closed on
Nov 1, 2011
Sold by
Nguyen Van T
Bought by
Ha Han

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2004
Sold by
Nguyen Diem T T
Bought by
Nguyen Van T

Purchase Details

Closed on
Mar 3, 2004
Sold by
Montes Noel Augusto and Montes Maribel
Bought by
Nguyen Diem Trang Thi

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
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2003
Sold by
Montes Noel Augusto
Bought by
Montes Noel Augusto and Montes Maribel

Purchase Details

Closed on
Jun 27, 2003
Sold by
Montes Noel Augusto
Bought by
Montes Noel Augusto and Montes Maribel

Purchase Details

Closed on
Apr 11, 2000
Sold by
Montes Maribel
Bought by
Montes Noel Augusto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,500
Interest Rate
8.26%

Purchase Details

Closed on
Mar 23, 2000
Sold by
Household Financial Services
Bought by
Montes Noel Augusto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,500
Interest Rate
8.26%

Purchase Details

Closed on
Sep 24, 1999
Sold by
Jackson Gary
Bought by
Household Financial Services

Purchase Details

Closed on
May 6, 1998
Sold by
Macon Clifford M
Bought by
Jackson Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
10%

Purchase Details

Closed on
Dec 18, 1995
Sold by
Fidelity Federal Bank Fsb
Bought by
Macon Clifford M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,258
Interest Rate
7.37%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 1995
Sold by
Mckee William G and Mckee Susan K
Bought by
Fidelity Federal Bank Fsb
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
C Hartfield Llc $1,242,500 Wfg Title Company
Wraith 48 Llc -- Socal Title Company
Perez Edwin $790,000 Stewart Title Company
Osei Kwabena -- Orange Coast Title Company
Osei Kwabena $610,000 Orange Coast Title Company
Ha Hai Ngoc -- None Available
Ha Han $240,000 Lawyers Title Insurance Corp
Nguyen Van T -- --
Nguyen Diem Trang Thi $435,000 Lawyers Title Company
Montes Noel Augusto -- Gateway Title
Montes Noel Augusto -- Gateway Title
Montes Noel Augusto -- Chicago Title Co
Montes Noel Augusto $173,000 Chicago Title Co
Household Financial Services $180,000 Benefit Land Title Ins Co
Jackson Gary $275,000 First Southwestern Title Co
Macon Clifford M $111,000 North American Title Co
Fidelity Federal Bank Fsb $95,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Edwin $780,000
Previous Owner Osei Kwabena $488,000
Previous Owner Ha Han $180,000
Previous Owner Nguyen Diem Trang Thi $400,000
Previous Owner Montes Noel Augusto $194,500
Previous Owner Jackson Gary $233,750
Previous Owner Macon Clifford M $110,258
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $1,242,500 +24.5% $294 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $998,000 +63.6% $236 / Sq Ft
09/07/2018 09/07/18 Sold $610,000 -1.6% $144 / Sq Ft View Prior Sale
07/24/2018 07/24/18 For Sale $619,999 -- $147 / 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 $14,720 $1,267,350 $377,400 $889,950
2024 $14,720 $1,242,500 $370,000 $872,500
2023 $9,961 $821,916 $166,464 $655,452
2022 $9,818 $805,800 $163,200 $642,600
2021 $9,997 $790,000 $160,000 $630,000
2020 $7,862 $622,200 $122,400 $499,800
2019 $7,644 $610,000 $120,000 $490,000
2018 $3,372 $264,937 $47,467 $217,470
2017 $3,344 $259,742 $46,536 $213,206
2016 $3,308 $254,649 $45,624 $209,025
2015 $3,284 $250,824 $44,939 $205,885
2014 $3,577 $245,911 $44,059 $201,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23143858

California Regional Multiple Listing Service (CRMLS)

APN: 0170-251-50