NOT LISTED FOR SALE

Estimated Value: $1,220,000 - $1,233,000

9 Beds
7 Baths
4,006 Sq Ft
$306/Sq Ft Est. Value

Last Sold November 06, 2024

Last sale price $1,190,000 $297 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,399/month

24 Days on Market

Highlights

  • Laundry Room
  • Citrus Valley High School Rated A
  • Level Lot

About This Home

As of November 2024

Welcome to the desirable city of Redlands! Income-generating 4-unit property, Good floor plan in each unit, Property is conveniently located near, university of Redlands, public transportation, freeways, restaurants, schools, shopping centers, parks, and major transportation routes. Residents will appreciate easy access to all the amenities. The landscaping, trash are managed by the HOA. Separate electric and gas meters for each unit and a great bed/bath mix which consists of a 3 bed, 2 bath unit and three 2-bedroom units. All 4 units have its own garage with an additional 4 covered carports spaces and 2 uncovered parking spaces designated for this property. all units are fully occupied, for more information please contact the listing agent Sossi Gabriel/Nova Realty

Buyer to cooperate for the 1031 exchange.

Last Agent to Sell the Property

Sossi Gabriel

Nova Realty Brokerage Phone: 562-743-2429 License #01054807 Listed on: 08/27/2024

Last Buyer's Agent

Ryan McKee

ELEVATE REAL ESTATE AGENCY License #01843253

ELEVATE REAL ESTATE AGENCY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,316

Year Built

  • Built in 1981

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall
  • Level Lot
  • Sprinklers Throughout Yard
  • Sprinklers on Timer
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167263020000
  • $1,306 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $468
  • Insurance Expense $2,500
  • Other Expense $8,268
  • Operating Expense $11,176
  • Gross Income $93,000
  • Net Operating Income $81,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,316

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Price Per Unit: 297500
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0167263020000
  • Year Built: 1981
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 297.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 689.00
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Level with Street, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Walkstreet
  • Lot Size Sq Ft: 12001.00
  • Lot Size Acres: 0.2755

Multi Family

  • Electric Expense: 468.00
  • Gross Income: 93000.00
  • Gross Scheduled Income: 93000.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 12001.0000 Square Feet
  • Net Operating Income: 81824.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11176.00
  • Other Expense: 8268.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Expenses: 11176.00

Tax Info

  • Tax Census Tract: 80.03
  • Tax Lot: 8
  • Tax Tract Number: 10141
  • TaxOtherAnnualAssessmentAmount: 1306.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Nov 20, 2024
Sold by
Skylight Integrity Holdings
Bought by
Post Street Apartments Llc
Seller's Agent
Sossi Gabriel
Nova Realty
Buyer's Agent
Ryan McKee
ELEVATE REAL ESTATE AGENCY
List Price
$1,190,000
Sold Price
$1,190,000
Views
11
Current Estimated Value
$1,225,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,689
Avg. Annual Appreciation
4.38%
Original Mortgage
$892,500
Outstanding Balance
$885,375
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$340,314

Purchase Details

Listed on
Aug 27, 2024
Closed on
Oct 29, 2024
Sold by
Mcleavy Mark A and Fa Brigitte
Bought by
Skylight Integrity Holdings
Seller's Agent
Sossi Gabriel
Nova Realty
Buyer's Agent
Ryan McKee
ELEVATE REAL ESTATE AGENCY
List Price
$1,190,000
Sold Price
$1,190,000
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Outstanding Balance
$885,375
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$340,314

Purchase Details

Closed on
Jul 17, 2023
Sold by
Mcleavy Mark and Mcleavy Brigitte
Bought by
Mark A And Brigitte J Mcleavy Family Trust and Mc Leavy

Purchase Details

Listed on
Oct 15, 2016
Closed on
Dec 19, 2016
Sold by
Masa Group Llc
Bought by
Mcleavy Mark and Mcleavy Brigitte
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Sossi Gabriel
Nova Realty
List Price
$539,000
Sold Price
$538,000
Premium/Discount to List
-$1,000
-0.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
Original Mortgage
$403,500
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2014
Sold by
Arora Sartaj M and Arora Akankshi A
Bought by
Masa Group Llc

Purchase Details

Listed on
Jul 27, 2014
Closed on
Sep 22, 2014
Sold by
Tddv Llc
Bought by
Arora Sartaj M and Arora Akankshi A
Seller's Agent
Robert Castro
UNITED REALTY GROUP
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$460,000
Sold Price
$450,000
Premium/Discount to List
-$10,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$314,300
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2011
Sold by
Duong Bao and Duong Christine
Bought by
Tddv Llc

Purchase Details

Closed on
Sep 30, 2010
Sold by
Fannie Mae
Bought by
Duong Christine and Thong Tom

Purchase Details

Closed on
Aug 25, 2010
Sold by
Sandoval Gerardo V and Sandoval Gloria
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 10, 2004
Sold by
Hernandez Arturo and Hernandez Marjudith
Bought by
Sandoval Gerardo V and Sandoval Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2004
Sold by
Hernandez Arturo and Hernandez Marjudith
Bought by
Hernandez Arturo and Hernandez Marjudith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2003
Sold by
Federal National Mortgage Association
Bought by
Hernandez Arturo and Hernandez Judy

Purchase Details

Closed on
Mar 30, 1999
Sold by
Mountain Crest Llc
Bought by
Rico Six Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.79%

Purchase Details

Closed on
Mar 25, 1999
Sold by
Rico Six Llc
Bought by
Lynn Eugene Jr Dr John and Lynn 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
$231,000
Interest Rate
6.79%

Purchase Details

Closed on
Mar 4, 1999
Sold by
Smith Rico L
Bought by
Mountain Crest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.79%

Purchase Details

Closed on
Aug 5, 1997
Sold by
Smith Natasha
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
8.95%

Purchase Details

Closed on
Jul 1, 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
8.95%

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:

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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
Post Street Apartments Llc -- None Listed On Document
Skylight Integrity Holdings $1,190,000 California Best Title
Skylight Integrity Holdings $1,190,000 California Best Title
Mark A And Brigitte J Mcleavy Family Trust -- None Listed On Document
Mcleavy Mark $538,000 Priority Title
Masa Group Llc -- None Available
Arora Sartaj M $449,000 Orange Coast Title Company
Tddv Llc -- None Available
Duong Bao -- None Available
Duong Christine $320,000 Old Republic Title Company
Federal National Mortgage Association $441,093 Pacific Coast Title
Sandoval Gerardo V $500,000 New Century Title Company
Hernandez Arturo -- Fidelity National Title Co
Hernandez Arturo $317,000 Commonwealth Title
Rico Six Llc -- Fidelity National Title Co
Lynn Eugene Jr Dr John $330,000 Fidelity National Title Co
Mountain Crest Llc $170,000 Fidelity National Title Co
Smith Rico L -- American Title
Smith Rico L $295,000 American Title
Powerscourt Partners #3A Ltd -- --
Exxcel Apartments Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skylight Integrity Holdings $892,500
Closed Skylight Integrity Holdings $892,500
Previous Owner Mcleavy Mark $393,700
Previous Owner Mcleavy Mark $403,500
Previous Owner Arora Sartaj M $314,300
Previous Owner Sandoval Gerardo $408,300
Previous Owner Sandoval Gerardo V $400,000
Previous Owner Hernandez Arturo $311,500
Previous Owner Lynn Eugene Jr Dr John $231,000
Previous Owner Smith Rico L $221,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $1,190,000 0.0% $297 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $1,190,000 +121.2% $297 / Sq Ft
01/18/2017 01/18/17 Sold $538,000 -0.2% $134 / Sq Ft
12/04/2016 12/04/16 Pending -- -- --
10/15/2016 10/15/16 For Sale $539,000 +19.8% $135 / Sq Ft
09/26/2014 09/26/14 Sold $450,000 -2.2% $112 / Sq Ft
08/18/2014 08/18/14 Pending -- -- --
07/27/2014 07/27/14 For Sale $460,000 -- $115 / 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 $7,316 $1,190,000 $357,000 $833,000
2024 $7,316 $612,152 $199,120 $413,032
2023 $7,307 $600,149 $195,216 $404,933
2022 $7,202 $588,381 $191,388 $396,993
2021 $7,333 $576,844 $187,635 $389,209
2020 $7,225 $570,929 $185,711 $385,218
2019 $7,024 $559,735 $182,070 $377,665
2018 $6,850 $548,760 $178,500 $370,260
2017 $5,888 $464,964 $115,982 $348,982
2016 $5,822 $455,847 $113,708 $342,139
2015 $5,780 $449,000 $112,000 $337,000
2014 $4,079 $313,537 $62,707 $250,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24177915

California Regional Multiple Listing Service (CRMLS)

APN: 0167-263-02