NOT LISTED FOR SALE

Estimated Value: $587,000 - $748,898

5 Beds
2 Baths
1,725 Sq Ft
$382/Sq Ft Est. Value

Last Sold October 03, 2018

Last sale price $420,000 $243 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,944/month

1 Day on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Garage

About This Home

As of October 2018

This is a great cash flow property in the heart of Corona. This is two houses in one lot, each with its own parking and yard space. The front house has 3 bedroom and 1 bath and the back house has 2 bedrooms and 1 bath. Both houses have central Air and Heat, updated kitchen and privacy. Both houses are rented with near market rents. , both with separate meters for Gas and Electricity. Great price for first time investor, or owner to live in one and rent the other.

Last Agent to Sell the Property

Carlos Borraez

Keller Williams R. E. Services License #00930706 Listed on: 09/24/2018

Keller Williams R. E. Services

Last Buyer's Agent

Dina C

Keller Williams Realty License #01966281

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 5 Bedrooms
  • 1,725 Sq Ft Home
  • Laminate Flooring

Parking

  • Garage
  • Parking Available

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 118123009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Not Applicable 105 Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Other Expense $360
  • Pest Control $400
  • Net Operating Income $25,892

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 118123009
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 243.48

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Garage

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Pest Control Expense: 400.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Average2 Bed Area: 755
  • Average3 Bed Area: 970
  • Gross Multiplier: 11.90
  • Insurance Expense: 1200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 25892.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9208.00
  • Other Expense: 360.00
  • Total Actual Rent: 35100.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2018
Closed on
Nov 16, 2018
Sold by
Travista Investments Inc
Bought by
Broce Irinea and Irinea Broce Separate Property Trust
Seller's Agent
Carlos Borraez
Keller Williams R. E. Services
Buyer's Agent
Dina C
Keller Williams Realty
List Price
$420,000
Sold Price
$420,000
Current Estimated Value
$658,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,975
Avg. Annual Appreciation
6.42%

Purchase Details

Listed on
Sep 24, 2018
Closed on
Sep 24, 2018
Sold by
Borraez Carlos and Borraez Cecilia
Bought by
Travista Investments Inc
Seller's Agent
Carlos Borraez
Keller Williams R. E. Services
Buyer's Agent
Dina C
Keller Williams Realty
List Price
$420,000
Sold Price
$420,000

Purchase Details

Listed on
Jan 1, 2015
Closed on
Jan 21, 2015
Sold by
Corona Edq7
Bought by
Borraez Family Trust
Seller's Agent
Lizbeth Hibbs
Realty Masters & Associates
Buyer's Agent
Carlos Borraez
Keller Williams R. E. Services
List Price
$359,000
Sold Price
$359,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$269,250
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2011
Sold by
Focus Oc Llc
Bought by
Corona Edq7 Llc

Purchase Details

Closed on
Aug 11, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Focus Oc Llc

Purchase Details

Closed on
Jun 7, 2010
Sold by
Negrette Esther R
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Oct 30, 2008
Sold by
Negrette Victor R
Bought by
Negrette Esther R

Purchase Details

Closed on
Mar 7, 2006
Sold by
Negrette Esther R
Bought by
Negrette Victor R and Negrette Esther R

Purchase Details

Closed on
Jan 18, 2006
Sold by
Negrette Victor R and Negrette Esther R
Bought by
Negrette Esther R

Purchase Details

Closed on
Apr 29, 2003
Sold by
Negrette Esther R
Bought by
Negrette Victor R and Negrette Esther R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 1993
Sold by
Negrette Cesilio M
Bought by
Negrette Ester R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Broce Irinea $480,000 Chicago Title Co
Travista Investments Inc $420,000 Chicago Title Company
Borraez Family Trust $359,000 Lawyers Title Company
Corona Edq7 Llc $231,000 None Available
Focus Oc Llc $231,000 California Title Company
Hsbc Bank Usa National Association $165,000 None Available
Negrette Esther R -- None Available
Negrette Victor R -- None Available
Negrette Esther R -- Landsafe Title Company
Negrette Victor R -- Gateway Title Company
Negrette Victor R -- Gateway Title Company
Negrette Ester R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borraez Family Trust $269,250
Previous Owner Negrette Victor R $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2018 10/03/18 Sold $420,000 0.0% $243 / Sq Ft
09/23/2018 09/23/18 For Sale $420,000 +17.0% $243 / Sq Ft
02/16/2015 02/16/15 Sold $359,000 0.0% $208 / Sq Ft View Prior Sale
01/07/2015 01/07/15 Pending -- -- --
01/01/2015 01/01/15 For Sale $359,000 -- $208 / 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 $5,888 $535,443 $83,661 $451,782
2023 $5,888 $514,653 $80,413 $434,240
2022 $5,702 $504,563 $78,837 $425,726
2021 $5,589 $494,671 $77,292 $417,379
2020 $5,528 $489,600 $76,500 $413,100
2019 $5,400 $480,000 $75,000 $405,000
2018 $4,266 $379,197 $105,626 $273,571
2017 $4,162 $371,762 $103,555 $268,207
2016 $4,122 $364,474 $101,525 $262,949
2015 $2,785 $246,244 $74,619 $171,625
2014 $2,684 $241,422 $73,158 $168,264
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 318003903

California Regional Multiple Listing Service (CRMLS)

APN: 118-123-009