NOT LISTED FOR SALE

Estimated Value: $1,130,000 - $1,647,000

10 Beds
6 Baths
4,000 Sq Ft
$347/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2019

Last sale price $945,000 $236 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $8,490 / mo

136 Days on Market

Highlights

  • Property is near public transit
  • Cul-De-Sac
  • Central Air
  • No HOA
  • Tile Flooring
  • Wood Siding

About This Home

As of October 2019

West Riverside 4-Plex * No Rent Control * Excellent Location on Magnolia, just North of the 91 Freeway, bordering Corona! Units A & D are 2-story. 3 bed, 1.5 bath, fenced back yards, Main floors in these Units are 100% ceramic tile! Unit A has a Fireplace! Units B & C are upstairs with main floor entries & have Private Balconies. All units have Two-Car, Attached Garages with Laundry Hook-Ups in each Garage. Each unit has their own Gas & Electric meters. Excellent Cash-Flow! This would be a GREAT owner-occupant building! Live in one unit, rent the other Three!

Last Agent to Sell the Property

Rob Arrietta

Re/Max Partners License #00831652 Listed on: 03/12/2019

Re/Max Partners

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 12,197 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,000 Sq Ft Home
  • Living Room with Fireplace
  • Laundry in Garage

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 9787
  • Assessor Parcel Number 132030010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $300
  • Gardener Expense $1,320
  • Insurance Expense $1,600
  • Pest Control $744
  • Professional Management Expense $5,376
  • Trash Expense $1,308
  • Water Sewer Expense $2,700
  • New Taxes Expense $11,760
  • Operating Expense $26,198
  • Gross Income $67,200
  • Net Operating Income $41,002

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0.28 Acres

Parking

8

Listing Details

  • CapRate: 4.18
  • Professional Management Expense: 5376.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2700.00
  • Zoning: R352
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 132030010
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 236.25

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Natural Gas
  • Laundry Features: In Garage
  • Pest Control Expense: 744.00
  • Sewer: Public Sewer
  • Trash Expense: 1308.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800
  • Latitude Manual: 33.89978000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 12197.0000 Square Feet
  • Net Operating Income: 41002.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 26198.00
  • Rent Control: No
  • Total Actual Rent: 5600.00
  • Total Expenses: 26198.00

Tax Info

  • New Taxes Expense: 11760.00
  • Tax Census Tract: 414.08
  • Tax Lot: 6
  • Tax Tract Number: 9787

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
Mar 12, 2019
Closed on
Nov 14, 2019
Sold by
Bought by
Seller's Agent
Rob Arrietta
Re/Max Partners
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$979,900
Sold Price
$945,000
Premium/Discount to List
-$34,900
-3.56%
Current Estimated Value
$1,387,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,735
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Jul 30, 2019
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
$675,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2005
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
$588,000
Interest Rate
5.43%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 18, 2005
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
$588,000
Interest Rate
5.43%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 15, 2005
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
$652,500
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2003
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
$273,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 1995
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 1995
Sold by
Bought by
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

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
-- None Available
$955,000 Ticor Title
$870,000 First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- --
$725,000 First American Title Company
$405,000 First American Title Co
$60,000 United Title
$122,000 --
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 $675,000
Previous Owner $588,000
Previous Owner $652,500
Previous Owner $273,000
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
10/07/2019 10/07/19 Sold $945,000 -3.6% $236 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
04/19/2019 04/19/19 For Sale $979,900 0.0% $245 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $979,900 -- $245 / 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 $12,461 $1,033,490 $267,940 $765,550
2023 $12,461 $993,361 $257,537 $735,824
2022 $11,534 $973,885 $252,488 $721,397
2021 $11,323 $954,790 $247,538 $707,252
2020 $11,141 $945,000 $245,000 $700,000
2019 $9,694 $815,000 $210,000 $605,000
2018 $12,694 $1,065,791 $224,177 $841,614
2017 $12,458 $1,044,894 $219,782 $825,112
2016 $12,253 $1,024,407 $215,473 $808,934
2015 $12,074 $1,009,022 $212,238 $796,784
2014 $12,036 $989,259 $208,082 $781,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19052898

California Regional Multiple Listing Service (CRMLS)

APN: 132-030-010

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