NOT LISTED FOR SALE

1135 E Citrus Ave Redlands, CA 92374

North Redlands Neighborhood

Estimated Value: $976,990 - $1,290,000

8 Beds
8 Baths
4,224 Sq Ft
$275/Sq Ft Est. Value

Last Sold March 08, 2021

Last sale price $795,000 $188 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,921/month

32 Days on Market

Highlights

  • Laundry Room
  • Crafton Elementary School Rated A-
  • Front Yard

About This Home

As of March 2021

Great units located within walking distance of University of Redlands. All units have 2 Bedrooms and 1.5 Bathrooms, with great long term tenants. Units are townhouse style with 2 Bedrooms and 1 Full Bathroom upstairs, with Living Room, Kitchens, Dining Areas and guest bathroom downstairs. Each unit has its own back yard. Each unit has a one car detached garage. There is a coin laundry room with machines owned by the building and there is also a storage room off of the detached garage. This building is unlike other buildings in the area, the current owner added central air to all four units!

Last Agent to Sell the Property

Marco A. Ramirez

Kurt W. Tiedt License #01295587 Listed on: 12/10/2020

Last Buyer's Agent

Avinash Narang

BRC Advisors BH License #01448548

BRC Advisors BH

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

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

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 6932
  • Assessor Parcel Number 0170251490000

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Insurance Expense $1,800
  • Trash Expense $2,400
  • Water Sewer Expense $5,000
  • New Taxes Expense $8,450
  • Operating Expense $18,000
  • Gross Income $56,760
  • Net Operating Income $38,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 0170251490000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 188.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 11000.00
  • Lot Size Acres: 0.2525

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 100.00
  • Gross Income: 56760.00
  • Gross Scheduled Income: 56760.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 700.00
  • Lot Size Area: 11000.0000 Square Feet
  • Net Operating Income: 38760.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18000.00
  • Rent Control: Yes
  • Total Actual Rent: 4680.00
  • Total Expenses: 18000.00

Tax Info

  • New Taxes Expense: 8450.00
  • Tax Census Tract: 84.04
  • Tax Lot: 7
  • Tax Tract Number: 6932

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Mar 3, 2021
Sold by
Rivas Heriberto L and Rivas Rogelia M
Bought by
Palasamudram Anand Babu Ramachandra Setty and Palasamudram Archana Anand
Seller's Agent
Marco A. Ramirez
Kurt W. Tiedt
Buyer's Agent
Avinash Narang
BRC Advisors BH
List Price
$825,000
Sold Price
$795,000
Premium/Discount to List
-$30,000
-3.64%
Current Estimated Value
$1,163,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,498
Avg. Annual Appreciation
8.24%
Original Mortgage
$588,000
Outstanding Balance
$527,100
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$636,398

Purchase Details

Closed on
Mar 8, 2004
Sold by
Rivas Heriberto L and Rivas Rogelia M
Bought by
Rivas Heriberto L and Rivas Rogelia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2003
Sold by
Rivas Heriberto L and Rivas Rogelia M
Bought by
Rivas Heriberto L and Rivas Rogelia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.6%

Purchase Details

Closed on
Apr 1, 2003
Sold by
Khoury Khaled and Khoury Sawsan K
Bought by
Rivas Heriberto L and Rivas Rogelia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.6%

Purchase Details

Closed on
Jan 25, 2002
Sold by
Khoury Sawsan K
Bought by
Khoury Khaled

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
7.17%

Purchase Details

Closed on
Dec 14, 2001
Sold by
Khoury Khaled M
Bought by
Khoury Khaled and Khoury Sawsan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
7.17%

Purchase Details

Closed on
Mar 23, 1995
Sold by
Mckee William G and Mckee Susan K
Bought by
London Dennis A and London Kathleen S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palasamudram Anand Babu Ramachandra Setty $784,000 Fidelity Natl Ttl Inland Emp
Rivas Heriberto L -- Fidelity Natl Tustin
Rivas Heriberto L -- Fidelity Natl Tustin
Rivas Heriberto L -- Fidelity National Title
Rivas Heriberto L $305,000 Fidelity National Title
Khoury Khaled -- Fidelity National Title Ins
Khoury Khaled -- Fidelity National Title
Khoury Khaled $204,000 Fidelity National Title Ins
London Dennis A $51,085 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palasamudram Anand Babu Ramachandra Setty $588,000
Previous Owner Rivas Heriberto L $245,000
Previous Owner Rivas Heriberto L $244,000
Previous Owner Khoury Khaled $183,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2021 03/08/21 Sold $795,000 -3.6% $188 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
12/10/2020 12/10/20 For Sale $825,000 -- $195 / 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 $9,898 $848,628 $216,487 $632,141
2024 $9,898 $831,988 $212,242 $619,746
2023 $9,887 $815,674 $208,080 $607,594
2022 $9,744 $799,680 $204,000 $595,680
2021 $5,131 $400,626 $85,380 $315,246
2020 $5,056 $396,519 $84,505 $312,014
2019 $4,916 $388,744 $82,848 $305,896
2018 $4,796 $381,122 $81,224 $299,898
2017 $4,756 $373,649 $79,631 $294,018
2016 $4,703 $366,323 $78,070 $288,253
2015 $4,669 $360,820 $76,897 $283,923
2014 $4,586 $353,752 $75,391 $278,361
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Marco A. Ramirez

    Kurt W. Tiedt

    Section Image
  • Avinash Narang

    Buyer's Agent in 2021

    Avinash Narang

    BRC Advisors BH

    (818) 288-0697

    1 in this area

    54 Total Sales

    Avinash Narang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG20255392

California Regional Multiple Listing Service (CRMLS)

APN: 0170-251-49

California San Bernardino County Redlands 92374 North Redlands

1135 E Citrus Ave, Redlands, CA

Not Listed for Sale

MultiFamily

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