NOT LISTED FOR SALE

Estimated Value: $897,613 - $1,301,000

10 Beds
7 Baths
4,006 Sq Ft
$276/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $495,000 $124 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $6,353/month

1 Day on Market

Highlights

  • Laundry Room
  • Citrus Valley High School Rated A
  • Central Heating and Cooling System

About This Home

As of March 2016

Very attractive and well maintained 4 Unit Apartment Building located in The Mountainview HOA Complex just minutes from the University of Redlands. The HOA has very low dues of $360 considering they include normal weekly landscaping maintenance, trash dumpsters, trash pickup and reserves to maintain the asphalt and greenbelt areas. There is one 3 bedroom 2 bath, one 3 bedroom one bath and two 2 bedroom 2 bath units. Each unit has its own 1 car garage. Each unit has central air conditioning and heating. The two downstairs units have fenced patios and the two upstairs units have decks. The building is Covington Style, the front unit is a single story 3 bedroom 2 bath with a large living room and fireplace and no tenant above the unit. The building has 4 garages and 3 carport spots and one open spot and plenty of other parking. Very good income and cash flow and most tenants have been there for a while.

Last Agent to Sell the Property

DZEVAIR SAKIRI

LC REALTY License #01182476 Listed on: 02/10/2016

Last Buyer's Agent

DZEVAIR SAKIRI

LC REALTY License #01182476 Listed on: 02/10/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167263040000

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,200
  • Other Expense $4,320
  • Water Sewer Expense $1,900
  • New Taxes Expense $6,200
  • Gross Income $4,250
  • Net Operating Income $36,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1900.00
  • Property Type: Residential Income
  • Parcel Number: 0167263040000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 123.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Community
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Suburban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 12004.00
  • Price Per Lot Square Foot: 41.24
  • Lot Size Acres: 0.2760

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 4250.00
  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 12004.0000 Square Feet
  • Net Operating Income: 36180.00
  • 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: 14820.00
  • Other Expense: 4320.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 4250.00

Tax Info

  • New Taxes Expense: 6200.00
  • Tax Lot: 10
  • Tax Tract Number: 10141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2025
Sold by
Fuertez Carlos Gabriel and Fuertez Irma Hernandez
Bought by
Fuertez Family Trust and Fuertez
Current Estimated Value
$1,105,403

Purchase Details

Listed on
Feb 10, 2016
Closed on
Feb 17, 2016
Sold by
Ramcharan Rudy and Ramcharan Deannine Faye
Bought by
Fuertez Carlos Gabriel and Fuertez Irma Hernandez
Seller's Agent
DZEVAIR SAKIRI
LC REALTY
Buyer's Agent
DZEVAIR SAKIRI
LC REALTY
List Price
$499,500
Sold Price
$495,000
Premium/Discount to List
-$4,500
-0.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$371,250
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2010
Sold by
Federal National Mortgage Association
Bought by
Ramcharan Rudy and Ramcharan Deannine Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,615
Interest Rate
4.76%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 2009
Sold by
Vega Gerardo
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 21, 2006
Sold by
Crowell Brian
Bought by
Vega Gerardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,920
Interest Rate
8.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2004
Sold by
Post Street Trust #1136
Bought by
Crowell Brian

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
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2002
Sold by
Racich Holly Kelleen
Bought by
Racich Timothy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.74%

Purchase Details

Closed on
Jun 12, 2002
Sold by
Post Street Trust #1136
Bought by
Racich Timothy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.74%

Purchase Details

Closed on
May 3, 2002
Sold by
Eugene John and Eugene Karyl
Bought by
Post Street Trust #1136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.74%

Purchase Details

Closed on
Dec 27, 1999
Sold by
Ocean Place Llc
Bought by
Eugene John and Eugene Karyl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
7.72%

Purchase Details

Closed on
Aug 28, 1999
Sold by
Bankers Trust Company
Bought by
Oceanplace Llc

Purchase Details

Closed on
Jul 19, 1999
Sold by
Smith Rico L
Bought by
Bankers Trust Company

Purchase Details

Closed on
May 13, 1997
Sold by
Harris Carl
Bought by
Smith Rico L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
8.15%

Purchase Details

Closed on
Aug 28, 1992
Sold by
Exxcel Apartments Inc
Bought by
Powerscourt Partners #3A Ltd and Powerscourt Partners #4 Ltd
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
Fuertez Family Trust -- None Listed On Document
Fuertez Carlos Gabriel $495,000 Servicelink
Ramcharan Rudy $330,000 Stewart Title Of California
Federal National Mortgage Association $503,493 Landsafe Title
Vega Gerardo $680,000 Fidelity National Title Co
Crowell Brian $435,000 First American
Racich Timothy T -- First American Title
Racich Timothy T $285,000 First American Title Co
Post Street Trust #1136 $197,100 --
Eugene John $335,000 Gateway Title Company
Oceanplace Llc $175,000 First American Title
Bankers Trust Company $161,304 American Title
Smith Rico L $295,000 American Title
Smith Rico L -- American Title Ins Co
Powerscourt Partners #3A Ltd -- --
Exxcel Apartments Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fuertez Carlos Gabriel $371,250
Previous Owner Ramcharan Rudy $325,615
Previous Owner Vega Gerardo $543,920
Previous Owner Crowell Brian $336,000
Previous Owner Racich Timothy T $205,000
Previous Owner Eugene John $251,250
Previous Owner Smith Rico L $221,250
Closed Crowell Brian $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2016 03/15/16 Sold $495,000 -0.9% $124 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $499,500 -- $125 / 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 $6,873 $585,981 $118,379 $467,602
2024 $6,873 $574,491 $116,058 $458,433
2023 $6,865 $563,226 $113,782 $449,444
2022 $6,767 $552,182 $111,551 $440,631
2021 $6,889 $541,355 $109,364 $431,991
2020 $6,788 $535,804 $108,243 $427,561
2019 $6,600 $525,298 $106,121 $419,177
2018 $6,437 $514,998 $104,040 $410,958
2017 $6,383 $504,900 $102,000 $402,900
2016 $4,589 $357,145 $64,935 $292,210
2015 $4,555 $351,781 $63,960 $287,821
2014 $4,474 $344,890 $62,707 $282,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16027903

California Regional Multiple Listing Service (CRMLS)

APN: 0167-263-04