E
Seller's Agent in 2023
Eddie Perez
The R.R. Network
1131 E Citrus Ave Redlands, CA 92374
North Redlands NeighborhoodEstimated Value: $1,130,000 - $1,350,631
8
Beds
8
Baths
4,224
Sq Ft
$294/Sq Ft
Est. Value
Highlights
- Laundry Room
- Crafton Elementary School Rated A-
- 4 Car Garage
About This Home
As of August 2023Welcome 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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 11,000 Sq Ft 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 4, 2023
Closed on
Aug 24, 2023
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92
Avg. Annual Appreciation
-0.00%
Purchase Details
Closed on
Dec 1, 2022
Sold by
Bought by
Purchase Details
Closed on
Jun 25, 2020
Sold by
Bought by
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
Bought by
Seller's Agent
Luis Zapata
eXp of Greater Los Angeles
Buyer's Agent
Luis Zapata
eXp of Greater Los Angeles
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
9.56%
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
Bought by
Seller's Agent
Luis Zapata
eXp of Greater Los Angeles
Buyer's Agent
Luis Zapata
eXp of Greater Los Angeles
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
Bought by
Purchase Details
Closed on
Nov 1, 2011
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Mar 3, 2004
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Jun 27, 2003
Sold by
Bought by
Purchase Details
Closed on
Apr 11, 2000
Sold by
Bought by
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
Bought by
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
Bought by
Purchase Details
Closed on
May 6, 1998
Sold by
Bought by
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
Bought by
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
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,242,500 | Wfg Title Company | ||
| -- | Socal Title Company | ||
| $790,000 | Stewart Title Company | ||
| -- | Orange Coast Title Company | ||
| $610,000 | Orange Coast Title Company | ||
| -- | None Available | ||
| $240,000 | Lawyers Title Insurance Corp | ||
| -- | -- | ||
| $435,000 | Lawyers Title Company | ||
| -- | Gateway Title | ||
| -- | Gateway Title | ||
| -- | Chicago Title Co | ||
| $173,000 | Chicago Title Co | ||
| $180,000 | Benefit Land Title Ins Co | ||
| $275,000 | First Southwestern Title Co | ||
| $111,000 | North American Title Co | ||
| $95,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $780,000 | ||
| Previous Owner | $488,000 | ||
| Previous Owner | $180,000 | ||
| Previous Owner | $400,000 | ||
| Previous Owner | $194,500 | ||
| Previous Owner | $233,750 | ||
| Previous Owner | $110,258 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $15,768 | $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
-
-
Rudy Ray Muniz
Buyer's Agent in 2023
Rudy Ray Muniz
WORK REALTY ADVISORS
(909) 626-8989
1 in this area
38 Total Sales
-
Luis Zapata
Seller's Agent in 2018
Luis Zapata
eXp of Greater Los Angeles
(626) 827-3161
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23143858
APN: 0170-251-50
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.
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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