NOT LISTED FOR SALE

Estimated Value: $838,000 - $1,182,000

9 Beds
8 Baths
4,006 Sq Ft
$259/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $469,500 $117 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $6,267/month

44 Days on Market

Highlights

  • Granite Countertops
  • Security Service
  • Accessible Parking
  • Citrus Valley High School Rated A
  • Laundry Room
  • Detached Carport Space

About This Home

As of March 2015

Large 4 Plex in Redlands! 4,006 Square Foot Four Unit Building on a whopping 12,300 LOT with an excellent unit mix and great cash flow. An excellent investment opportunity with the LOW RATE environment. All units are in good condition. *** THIS WILL NOT LAST ***
Each unit has a garage and an assigned carport and is separately metered for Gas and Electric.
The building has a laundry room and a huge water heater that is only 2 years new.
Community HOA covers landscaping and security.
Unit A (lower level) is 3 bed/2bath with newer laminate flooring, newer blinds, a fireplace, tile in the kitchen and bathrooms and newer carpet and appliances (dishwasher, stove, garbage disposer). The unit has a newer fenced patio off of the kitchen and Central AC and Heat.
Unit B is 2 bed/2bath with new laminate flooring (3 months old), carpeted bedrooms, newer blinds, (recently painted), stove, dishwasher, garbage disposer and a newer fenced patio.
Unit C and D (both upper units) come with carpeted bedrooms, tiled kitchen and bathrooms, Central Air and (dishwashers, stoves, garbage disposers and Central AC/heat).
Owner spared no expense in upgrading and maintaining the units. Units have solid income and a great return on investment.

Last Agent to Sell the Property

Ramez Malki

C&R Properties License #01730768 Listed on: 01/19/2015

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,036

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • Front Yard

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Carport Space
  • Parking Available
  • Assigned Parking

Additional Features

  • Accessible Parking
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 10142
  • Assessor Parcel Number 0167271390000

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $720
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Professional Management Expense $3,600
  • Supplies Expense $576
  • Water Sewer Expense $2,976
  • New Taxes Expense $5,854
  • Operating Expense $16,846
  • Gross Income $4,050
  • Net Operating Income $31,482

Security

  • Security Service

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,036

Year Built

Built in 1985 | Remodeled

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Assessments: Yes
  • CapRate: 6.40
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Supplies Expense: 576.00
  • Water Sewer Expenses: 2976.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 0167271390000
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 117.20

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Detached Carport

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Security, Trash
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level
  • Lot Size Sq Ft: 12300.00
  • Lot Size Acres: 0.2820

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 720.00
  • Fuel Expense: 720.00
  • Gross Income: 4050.00
  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 700.00
  • Lot Size Area: 12300.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 31482.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Operating Expense: 16846.00
  • Rent Control: No
  • Total Actual Rent: 3900.00
  • Total Expenses: 16846.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 5854.00
  • Tax Lot: 8
  • Tax Tract Number: 10142
  • Tax Annual Amount: 4036.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2017
Sold by
Dha Opportunity 1 Lp
Bought by
Dha Opportunity 1 Lp
Current Estimated Value
$1,035,635

Purchase Details

Closed on
Mar 7, 2017
Sold by
Dha Opportunity 1 Lp
Bought by
Dha Opportunity 1 Lp

Purchase Details

Listed on
Jan 19, 2015
Closed on
Mar 6, 2015
Sold by
Asdsr Llc
Bought by
Dha Opportunity Partners I Lp
Seller's Agent
Ramez Malki
C&R Properties
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$490,000
Sold Price
$469,500
Premium/Discount to List
-$20,500
-4.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%

Purchase Details

Listed on
Aug 11, 2011
Closed on
Mar 25, 2012
Sold by
Awada Ali
Bought by
Asdsr Llc
Seller's Agent
Don DuBoise
Don DuBoise, Broker
Buyer's Agent
Jenny Negrete
Casanueva Realty
List Price
$250,000
Sold Price
$300,000
Premium/Discount to List
$50,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.12%

Purchase Details

Listed on
Aug 11, 2011
Closed on
Jan 25, 2012
Sold by
Faour Sawsan
Bought by
Awada Ali
Seller's Agent
Don DuBoise
Don DuBoise, Broker
Buyer's Agent
Jenny Negrete
Casanueva Realty
List Price
$250,000
Sold Price
$300,000
Premium/Discount to List
$50,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 11, 2011
Closed on
Jan 4, 2012
Sold by
Nuanes William J and Nuanes Lupe M
Bought by
Awada Ali M
Seller's Agent
Don DuBoise
Don DuBoise, Broker
Buyer's Agent
Jenny Negrete
Casanueva Realty
List Price
$250,000
Sold Price
$300,000
Premium/Discount to List
$50,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2006
Sold by
Camacho Gerardo and Camacho Alejandra
Bought by
Nuanes William J and Nuanes Lupe M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 1, 2005
Sold by
Camacho Alejandra
Bought by
Camacho Gerardo and Camacho Alejandra

Purchase Details

Closed on
Oct 15, 2004
Sold by
Sixth Spence Llc
Bought by
Camacho Alejandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2003
Sold by
Smith Robert J and Smith Toni
Bought by
Sixth Spence Llc

Purchase Details

Closed on
Jan 2, 2003
Sold by
Greenpoint Mortgage Funding Inc
Bought by
Smith Robert J and Smith Toni M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.37%

Purchase Details

Closed on
Dec 2, 2002
Sold by
Homeside Lending
Bought by
Greenpoint Mortgage

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.37%

Purchase Details

Closed on
Sep 10, 2002
Sold by
Latham Terrence
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Mar 8, 2000
Sold by
Latham Maryla
Bought by
Latham Terrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
8.24%

Purchase Details

Closed on
Jan 19, 1999
Sold by
R I C O Six Llc
Bought by
Latham Terrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.63%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 5, 1997
Sold by
Smith Nathasha K
Bought by
Smith Rico L

Purchase Details

Closed on
Apr 15, 1997
Sold by
Smith Natasha K
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
9%

Purchase Details

Closed on
Apr 13, 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
9%

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:

--
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

Date Buyer Sale Price Title Company
Dha Opportunity 1 Lp -- None Available
Dha Opportunity 1 Lp -- Orange Coast Title
Dha Opportunity Partners I Lp $469,500 First American
Asdsr Llc -- None Available
Awada Ali -- None Available
Awada Ali -- Chicago Title Company
Awada Ali M $300,000 Chicago Title Empire
Nuanes William J $640,000 Lawyers Title Company
Camacho Gerardo -- --
Camacho Alejandra $505,000 Fidelity National Title Co
Camacho Alejandra -- Fidelity National Title Co
Sixth Spence Llc -- --
Smith Robert J $275,000 American
Greenpoint Mortgage $1,000 American
Homeside Lending Inc $250,000 Fidelity National Title Ins
Latham Terrence -- American Title
Latham Terrence $330,000 Fidelity National Title Co
Smith Rico L -- American Title
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
Previous Owner Awada Ali M $210,000
Previous Owner Nuanes William J $64,000
Previous Owner Nuanes William J $512,000
Previous Owner Camacho Alejandra $378,750
Previous Owner Smith Robert J $224,000
Previous Owner Latham Terrence $247,500
Previous Owner Latham Terrence $155,000
Previous Owner Smith Rico L $221,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2015 03/31/15 Sold $469,500 -4.2% $117 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
01/19/2015 01/19/15 For Sale $490,000 0.0% $122 / Sq Ft
08/05/2014 08/05/14 Rented $900 0.0% --
07/06/2014 07/06/14 Under Contract -- -- --
06/23/2014 06/23/14 For Rent $900 -28.0% --
08/01/2012 08/01/12 Rented $1,250 +56.3% --
07/25/2012 07/25/12 Under Contract -- -- --
06/15/2012 06/15/12 Rented $800 -36.0% --
05/27/2012 05/27/12 Under Contract -- -- --
05/21/2012 05/21/12 For Rent $1,250 +47.1% --
02/13/2012 02/13/12 For Rent $850 0.0% --
01/27/2012 01/27/12 Sold $300,000 +20.0% $75 / Sq Ft View Prior Sale
12/14/2011 12/14/11 Pending -- -- --
08/11/2011 08/11/11 For Sale $250,000 -- $62 / 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 $6,623 $564,271 $120,187 $444,084
2024 $6,623 $553,206 $117,830 $435,376
2023 $6,616 $542,359 $115,520 $426,839
2022 $6,521 $531,725 $113,255 $418,470
2021 $6,639 $521,299 $111,034 $410,265
2020 $6,541 $515,953 $109,895 $406,058
2019 $6,360 $505,836 $107,740 $398,096
2018 $6,500 $520,200 $168,300 $351,900
2017 $6,151 $486,194 $103,556 $382,638
2016 $6,082 $476,660 $101,525 $375,135
2015 $4,074 $313,531 $83,608 $229,923
2014 $4,001 $307,389 $81,970 $225,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15011840

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-39