NOT LISTED FOR SALE

Estimated Value: $1,052,000 - $1,274,000

2 Beds
1 Bath
3,053 Sq Ft
$372/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $775,000 $254 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,517/month

75 Days on Market

Highlights

  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Chain Link Fence

About This Home

As of November 2020

PRICE ADJUSTMENT & BACK ON THE MARKET!!! UNIQUE QUADRUPLEX, SOLD-AS-IS & PRICED TO SELL QUICKLY. DON'T DELAY! LONG-TERM TENANTS IN ALL 4 SPACIOUS UNITS: APPROX 783 SF EACH. Excellent Opportunity for INVESTORS or OWNER-OCCUPIED. Awesome Upside Opportunity! Each Unit has 2 bedrooms/1 bathroom, and a 1 car Garage, plus extra space to park a 2nd car!!! Some TLC, and you will be a proud New Owner of this centrally located Quadruplex, nearby just about everything, 3 parks - De Anza Park, Cypress Park, & Del Rancho Park, local eateries, & shopping. Under 5 miles to LAX Ontario International Airport, Under 10 miles to Ontario Mills Outlet Mall & Toyota Arena formerly known as Citizen's Bank Arena, approx. 11 miles to Victoria Gardens Outdoor Mall & Fine Dining Restaurants, Plus so much more!

Last Agent to Sell the Property

CELIA VALENZUELA

Elevate Real Estate Agency License #01342830 Listed on: 08/11/2020

Elevate Real Estate Agency

Last Buyer's Agent

CELIA VALENZUELA

Elevate Real Estate Agency License #01342830 Listed on: 08/11/2020

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,013

Year Built

  • Built in 1962

Lot Details

  • 10,800 Sq Ft Lot
  • Two or More Common Walls
  • Southwest Facing Home
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 3,053 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1049592290000
  • Tax Block 171

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,175
  • Insurance Expense $1,698
  • Maintenance Expense $550
  • Other Expense $600
  • Pest Control $100
  • Professional Management Expense $4,000
  • Trash Expense $3,780
  • Water Sewer Expense $4,020
  • Security Expense $112
  • New Taxes Expense $2,430
  • Operating Expense $18,465
  • Gross Income $53,760
  • Net Operating Income $35,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,013

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.11
  • Professional Management Expense: 4000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security Expense: 112.00
  • Water Sewer Expenses: 4020.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1175.00
  • Parcel Number: 1049592290000
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 253.85

Exterior Features

  • Direction Faces: Southwest
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen
  • Pest Control Expense: 100.00
  • Sewer: Septic Type Unknown
  • Trash Expense: 3780.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Level, Paved, Yard
  • Lot Size Sq Ft: 10800.00
  • Lot Size Acres: 0.2479

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 763 Square Feet
  • Average2 Bed Area: 763 Square Feet
  • Average3 Bed Area: 763 Square Feet
  • Average Studio Area: 763 Square Feet
  • Gross Income: 53760.00
  • Gross Operating Income: 53490.00
  • Gross Scheduled Income: 53760.00
  • Insurance Expense: 1698.00
  • Lot Size Area: 10800.0000 Square Feet
  • Maintenance Expense: 550.00
  • Maintenance Percent: 1.00
  • Net Operating Income: 35025.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18465.00
  • Operating Expense Percent: 34.00
  • Other Expense: 600.00
  • Other Expense Description: Septic
  • Rent Control: No
  • Total Actual Rent: 50160.00
  • Total Expenses: 18465.00
  • Vacancy Allowance Rate: 0.50

Tax Info

  • New Taxes Expense: 2430.00
  • Tax Area: 4-000
  • Tax Block: 171
  • Tax Census Tract: 17.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Nov 18, 2020
Sold by
Abrahamson Keith R and Solis Kohlmeier Maria
Bought by
Liu Jiahong and Zhang Chenchen
Seller's Agent
CELIA VALENZUELA
Elevate Real Estate Agency
Buyer's Agent
CELIA VALENZUELA
Elevate Real Estate Agency
List Price
$850,000
Sold Price
$775,000
Premium/Discount to List
-$75,000
-8.82%
Current Estimated Value
$1,096,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,104
Avg. Annual Appreciation
8.04%
Original Mortgage
$775,000
Outstanding Balance
$689,640
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$445,185

Purchase Details

Closed on
Sep 29, 2003
Sold by
Solis Daniel F and Solis Peggy I
Bought by
Solis Daniel F and Solis Peggy I

Purchase Details

Closed on
Jan 29, 1997
Sold by
Schlichting Karl E and Schlichting Diana M
Bought by
Solis Daniel F and Solis Peggy I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
7.86%

Purchase Details

Closed on
Oct 8, 1996
Sold by
Schlichting Karl E and Schlichting Diana M
Bought by
Schlichting Karl E and Schlichting Diana M
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 Buyer Sale Price Title Company
Liu Jiahong $775,000 Corinthian Title Company
Solis Daniel F -- --
Solis Daniel F $151,000 Northern Counties Title
Schlichting Karl E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Jiahong $775,000
Previous Owner Solis Daniel F $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2020 11/23/20 Sold $775,000 -4.9% $254 / Sq Ft
10/25/2020 10/25/20 Pending -- -- --
10/23/2020 10/23/20 Price Changed $814,900 -4.1% $267 / Sq Ft
08/11/2020 08/11/20 For Sale $850,000 -- $278 / 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 $9,013 $838,885 $293,339 $545,546
2024 $9,013 $822,436 $287,587 $534,849
2023 $8,759 $806,310 $281,948 $524,362
2022 $8,644 $790,500 $276,420 $514,080
2021 $8,590 $227,208 $57,179 $170,029
2020 $2,451 $220,465 $55,482 $164,983
2019 $2,430 $216,142 $54,394 $161,748
2018 $2,396 $211,903 $53,327 $158,576
2017 $2,311 $207,748 $52,281 $155,467
2016 $2,220 $203,675 $51,256 $152,419
2015 $2,205 $200,616 $50,486 $150,130
2014 $2,136 $196,686 $49,497 $147,189
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20160414

California Regional Multiple Listing Service (CRMLS)

APN: 1049-592-29