NOT LISTED FOR SALE

Estimated Value: $904,645 - $1,093,000

10 Beds
7 Baths
3,880 Sq Ft
$259/Sq Ft Est. Value

Last Sold October 16, 2015

Last sale price $480,000 $124 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $6,398/month

5 Days on Market

Highlights

  • Granite Countertops
  • Security Service
  • Accessible Parking
  • Citrus Valley High School Rated A
  • Laundry Room
  • 4 Detached Carport Spaces

About This Home

As of October 2015

A wonderful 4-Plex available in Redlands! 3,880 Square feet of Living Space on a 11,919 Square foot lot. This is an excellent investment opportunity! Units A (3 bedroom, 2 bath) and B (2 bedroom, 2 bath) have private, fenced in yards. Units C (2 bedroom, 2 bath) and D (3 bedroom, 1 bath) both have large, private patios. Unit A features a cozy fireplace in the living room. All units have Porcelain tiled floors, ceiling fans, granite counter-tops in the kitchens, Central A/C and Heat, and are separately metered for Electric and Gas. Each unit is assigned a 1-car attached garage and an additional parking spot. The building has a separate laundry room (with a coin operated washer), storage room, and a huge water heater that is less than 1 year old. HOA covers trash, security, landscaping, and parking lot. The community is quiet and family friendly!

Last Agent to Sell the Property

Kathy Cruz

Kathy Cruz, Broker License #01820608 Listed on: 09/30/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,669

Year Built

  • Built in 1986

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Front Yard
  • Density is up to 1 Unit/Acre

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 4 Car Garage
  • 4 Detached Carport Spaces
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Uncovered Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Fire Rated Drywall
  • Copper Plumbing

Interior Spaces

  • 3,880 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 25
  • Tax Tract Number 10142
  • Assessor Parcel Number 0167271560000

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,380
  • New Taxes Expense $4,304
  • Net Operating Income $37,902

Security

  • Security Service

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,669

Year Built

Built in 1986

Lot Details

0

HOA Fees

$360 per month

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.22
  • Other Phone Description: 7147671274
  • Other Phone Number: 7147671274
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Property Type: Residential Income
  • Parcel Number: 0167271560000
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full, Granite Counters, Pantry, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 123.71
  • Room Type: Living Room

Exterior Features

  • Exterior Features: Lighting
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Carport, Detached Carport, Garage, Off Street, Garage Faces Rear, Garage - Single Door, Uncovered
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Call for Rules, Dues Paid Monthly, Security, Trash
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 11919.00
  • Price Per Lot Square Foot: 40.27
  • Lot Size Acres: 0.2740

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Average2 Bed Area: 786
  • Gross Scheduled Income: 45840.00
  • Insurance Expense: 1380.00
  • Lot Size Area: 11919.0000 Square Feet
  • Net Operating Income: 37902.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 7938.00
  • Other Income Description: Coin Washer and Dryer
  • Rent Control: No
  • Total Actual Rent: 3820.00
  • Vacancy Allowance: 850
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 4304.00
  • Tax Lot: 25
  • Tax Tract Number: 10142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2017
Sold by
Campopiano Michael
Bought by
Mamgi Llc
Current Estimated Value
$1,006,161

Purchase Details

Listed on
Sep 30, 2015
Closed on
Oct 14, 2015
Sold by
Campopiano Alicia
Bought by
Campopiano Michael
Seller's Agent
Kathy Cruz
Kathy Cruz, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$490,000
Sold Price
$480,000
Premium/Discount to List
-$10,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$336,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 30, 2015
Closed on
Aug 20, 2015
Sold by
Leathers Jesse R and Leathers Angela C
Bought by
Campopiano Michael
Seller's Agent
Kathy Cruz
Kathy Cruz, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$490,000
Sold Price
$480,000
Premium/Discount to List
-$10,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2004
Sold by
Leathers Jesse R
Bought by
Leathers Jesse R and Leathers Angela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2001
Sold by
Leathers Angela
Bought by
Leathers Jesse R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.84%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 31, 2001
Sold by
Wheeler Richard J
Bought by
Leathers Jesse R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.84%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 10, 1997
Sold by
Loughnane Patrick V and Loghnane Maeve
Bought by
Wheeler Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
8.99%

Purchase Details

Closed on
Jan 9, 1997
Sold by
Fidelity Federal Bank Fsb
Bought by
Loughnane Patrick V and Loughnane Maeve

Purchase Details

Closed on
Dec 5, 1996
Sold by
Loughnane Patrick V and Loughnane Maeve
Bought by
Fidelity Federal Bank Fsb
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
Mamgi Llc -- None Available
Campopiano Michael -- Lawyers Title
Campopiano Michael $480,000 Lawyers Title
Leathers Jesse R -- Orange Coast Title
Leathers Jesse R -- Lawyers Title Company
Leathers Jesse R $275,000 Lawyers Title Company
Wheeler Richard J $295,000 American Title
Loughnane Patrick V $275,000 North American Title Co
Fidelity Federal Bank Fsb $101,500 American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campopiano Michael $336,000
Previous Owner Leathers Jesse R $336,000
Previous Owner Leathers Jesse R $55,000
Previous Owner Leathers Jesse R $220,000
Previous Owner Wheeler Richard J $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2015 10/16/15 Sold $480,000 -2.0% $124 / Sq Ft
08/14/2015 08/14/15 Pending -- -- --
08/09/2015 08/09/15 For Sale $490,000 -- $126 / 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 $6,669 $568,224 $113,646 $454,578
2024 $6,669 $557,083 $111,418 $445,665
2023 $6,661 $546,159 $109,233 $436,926
2022 $6,566 $535,450 $107,091 $428,359
2021 $6,684 $524,951 $104,991 $419,960
2020 $6,586 $519,568 $103,914 $415,654
2019 $6,403 $509,380 $101,876 $407,504
2018 $6,245 $499,392 $99,878 $399,514
2017 $6,193 $489,600 $97,920 $391,680
2016 $6,124 $480,000 $96,000 $384,000
2015 $4,382 $338,030 $43,023 $295,007
2014 $4,304 $331,408 $42,180 $289,228
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15176346

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-56