NOT LISTED FOR SALE

Estimated Value: $1,227,000 - $1,317,862

8 Beds
8 Baths
3,292 Sq Ft
$385/Sq Ft Est. Value

Last Sold February 12, 2023

Last sale price $1,135,000 $345 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,986/month

58 Days on Market

About This Home

As of February 2023

-- Four units with partially upgraded interiors

-- Walking distance to Corona High School, shops and restaurants

-- Large 8,276 square foot lot

-- 100% 2-bedroom, 2-bath floorplans

-- Amenities include in-unit laundry, fireplaces and garages

-- Significant upside potential in rental income

Last Agent to Sell the Property

Justin White

Justin White License #01267826 Listed on: 11/16/2022

Last Buyer's Agent

Justin White

Justin White License #01267826 Listed on: 11/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,926

Year Built

  • Built in 1964

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Density is 2-5 Units/Acre

Home Design

  • 3,292 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 2287
  • Assessor Parcel Number 110072009

Community Details

Overview

  • 4 Units
  • Horsethief Canyon Subdivision

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,646
  • Other Expense $3,144
  • Professional Management Expense $2,653
  • Trash Expense $1,666
  • Water Sewer Expense $3,681
  • New Taxes Expense $15,002
  • Operating Expense $27,792
  • Gross Income $53,064
  • Net Operating Income $22,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,926

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Other Phone Number: 3107132589
  • Price Per Unit: 300000
  • Professional Management Expense: 2653.00
  • Property Attached: Yes
  • Subdivision Name Other: Horsethief Canyon
  • Water Sewer Expenses: 3681.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 110072009
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 344.78

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: None
  • Trash Expense: 1666.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 53064.00
  • Gross Scheduled Income: 53064.00
  • Insurance Expense: 1646.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 22620.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Operating Expense: 27791.00
  • Operating Expense Percent: 52.00
  • Other Expense: 3144.00
  • Rent Control: No
  • Total Expenses: 27792.00

Tax Info

  • New Taxes Expense: 15002.00
  • Tax Lot: 10
  • Tax Tract Number: 2287

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Feb 2, 2023
Sold by
Mccoy Terry
Bought by
Rac Investments Llc
Seller's Agent
Justin White
Justin White
Buyer's Agent
Justin White
Justin White
List Price
$1,200,000
Sold Price
$1,135,000
Premium/Discount to List
-$65,000
-5.42%
Views
132
Current Estimated Value
$1,267,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,966
Avg. Annual Appreciation
4.46%

Purchase Details

Closed on
Jul 27, 1995
Sold by
Hoch Ronald E and Hoch Junell E
Bought by
Mccoy Terry

Purchase Details

Closed on
Sep 23, 1993
Sold by
First American Title Insurance Company
Bought by
Hoch Ronald E and Hoch Junell E
Source: Public Records

Range of Values:

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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
Rac Investments Llc $1,135,000 --
Mccoy Terry -- --
Hoch Ronald E $26,614 First American Title Insuran
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2023 02/12/23 Sold $1,135,000 -5.4% $345 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/16/2022 11/16/22 For Sale $1,200,000 -- $365 / 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 $12,926 $1,180,854 $343,332 $837,522
2023 $12,926 $255,448 $95,788 $159,660
2022 $2,881 $250,440 $93,910 $156,530
2021 $2,824 $245,530 $92,069 $153,461
2020 $2,793 $243,013 $91,125 $151,888
2019 $2,730 $238,249 $89,339 $148,910
2018 $2,670 $233,579 $87,588 $145,991
2017 $2,606 $229,000 $85,871 $143,129
2016 $2,580 $224,511 $84,188 $140,323
2015 $2,525 $221,140 $82,924 $138,216
2014 $2,436 $216,809 $81,300 $135,509
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22243061

California Regional Multiple Listing Service (CRMLS)

APN: 110-072-009