$538,000
SOLD JAN 18, 2017
9 Beds
6 Baths
4,006 Sq Ft
0.28 Acres

Recently Sold

$134 Per Sq Ft

50 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • Central Heating and Cooling System
  • Citrus Valley High School Rated A
  • Landscaped
  • 4 Car Garage

About This Home

As of November 2024

Very hard to find 1981 built 4000 sqft 4plex in the heart of Redlands. Minutes from Redlands University, minutes from downtown Redlands as well as very easy access to the 10 freeway, this 4plex has prime location for future rental growth. With more logistics centers being built in the area, rental market is poised for further growth. Property has a excellent unit mix, 3 bed/2 bath, 2 bed/2 bath and several 2 bed/1bath units, as well as a laundry room, the building also has 8 assigned parking spots, 4 garages, and 4 carport spots. All units with Central Air and Heat. This property is a perfect addition for any real estate investor looking for a smoothly running machine with great long term growth, it is the best value of as performing GRM in this area. Market rents make Proforma Gross Annual Income to be projected for $54000 annually!

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 10/15/2016

Last Buyer's Agent

Sossi Gabriel

Nova Realty License #01054807

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,316

Year Built

  • Built in 1981

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Private Yard
  • Lawn

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Asbestos Shingle Roof

Interior Spaces

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

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 10141
  • Assessor Parcel Number 0167263020000

Community Details

Overview

  • 4 Units
  • Maintained Community

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $336
  • Insurance Expense $1,300
  • Water Sewer Expense $3,972
  • New Taxes Expense $6,468
  • Net Operating Income $35,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,316

Year Built

Built in 1981

Lot Details

0

HOA Fees

$360 per month

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3972.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0167263020000
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet
  • Levels: Two
  • Price Per Square Foot: 134.30

Exterior Features

  • Pool Private: No
  • Roof: Asbestos Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Maintenance Grounds, Trash
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Yard
  • Lot Size Sq Ft: 12001.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 336.00
  • Gross Scheduled Income: 48200.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 35000.00
  • 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: 13264.00
  • Rent Control: No
  • Total Actual Rent: 3975.00

Tax Info

  • New Taxes Expense: 6468.00
  • Tax Census Tract: 80.02
  • Tax Lot: 8
  • Tax Tract Number: 10141

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,190,000 California Best Title
Grant Deed $1,190,000 California Best Title
Deed -- None Listed On Document
Grant Deed $538,000 Priority Title
Quit Claim Deed -- None Available
Grant Deed $449,000 Orange Coast Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $320,000 Old Republic Title Company
Trustee Deed $441,093 Pacific Coast Title
Grant Deed $500,000 New Century Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Corporate Deed $317,000 Commonwealth Title
Gift Deed -- Fidelity National Title Co
Grant Deed $330,000 Fidelity National Title Co
Grant Deed $170,000 Fidelity National Title Co
Interfamily Deed Transfer -- American Title
Grant Deed $295,000 American Title
Corporate Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $892,500 New Conventional
Closed $892,500 New Conventional
Previous Owner $393,700 New Conventional
Previous Owner $403,500 New Conventional
Previous Owner $314,300 New Conventional
Previous Owner $408,300 Unknown
Previous Owner $400,000 Purchase Money Mortgage
Previous Owner $311,500 New Conventional
Previous Owner $231,000 No Value Available
Previous Owner $221,250 No Value Available
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16726289

California Regional Multiple Listing Service (CRMLS)

APN: 0167-263-02