NOT LISTED FOR SALE

125 N Date Ave Rialto, CA 92376

Estimated Value: $412,000 - $497,000

2 Beds
2 Baths
1,368 Sq Ft
$340/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $360,000 $263 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,866/month

1 Day on Market

Highlights

  • Private Yard
  • Laundry Room
  • Chain Link Fence
  • No HOA
  • Rectangular Lot
  • 1-Story Property

About This Home

As of January 2022

Great investment opportunity! Two units on a spacious lot, conveniently located close to downtown Rialto. Each unit has a separate address. The front unit is approximately 784 square feet and comes with a detached garage. The back unit is approximately 584 square feet and has its own yard. Both units are currently tenant occupied. Upgrades include windows, flooring, cabinets and more. Excellent rate of return with a strong cap rate and GRM. Lots of investment potential. Do not miss this great deal!

Last Agent to Sell the Property

Serge Maalouf

MGR REAL ESTATE, INC. License #01932248 Listed on: 12/16/2021

MGR REAL ESTATE, INC.

Last Buyer's Agent

Serge Maalouf

MGR REAL ESTATE, INC. License #01932248 Listed on: 12/16/2021

MGR REAL ESTATE, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,122

Year Built

  • Built in 1946

Lot Details

  • 8,100 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Rectangular Lot
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 1,368 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 32 / B
  • Tax Tract Number 37
  • Assessor Parcel Number 0130172320000
  • $1,062 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $430
  • Water Sewer Expense $1,920
  • New Taxes Expense $5,300
  • Operating Expense $8,450
  • Gross Income $36,000
  • Net Operating Income $27,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,122

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • CapRate: 6.50
  • Price Per Unit: 212500
  • Property Attached: No
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Parcel Number: 0130172320000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 263.16

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Natural Gas Available, Water Available
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 430.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot, Yard
  • Lot Size Sq Ft: 8100.00
  • Lot Size Acres: 0.1860

Multi Family

  • Gross Income: 36000.00
  • Gross Multiplier: 11.80
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8100.0000 Square Feet
  • Net Operating Income: 27550.00
  • 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: 8450.00
  • Rent Control: Yes
  • Total Expenses: 8450.00

Tax Info

  • New Taxes Expense: 5300.00
  • Tax Block: B
  • Tax Census Tract: 37.00
  • Tax Lot: 32
  • Tax Tract Number: 37
  • TaxOtherAnnualAssessmentAmount: 1062.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2021
Closed on
Dec 29, 2021
Sold by
Liu Redman Bonnie
Bought by
Italia Kamiesh and Italia Komal
Seller's Agent
Serge Maalouf
MGR REAL ESTATE, INC.
Buyer's Agent
Serge Maalouf
MGR REAL ESTATE, INC.
List Price
$425,000
Sold Price
$360,000
Premium/Discount to List
-$65,000
-15.29%
Current Estimated Value
$465,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,107
Avg. Annual Appreciation
6.95%

Purchase Details

Closed on
May 30, 2013
Sold by
Mendez Edwin
Bought by
Redman Bonnie Liu

Purchase Details

Closed on
Jun 2, 2009
Sold by
Wells Fargo Bank Na
Bought by
Mendez Edwin

Purchase Details

Closed on
Dec 18, 2008
Sold by
Macias Jose J
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 24, 1996
Sold by
Macias Rosa
Bought by
Macias Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,217
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 7, 1994
Sold by
Ward Cora and Canada Cora
Bought by
Ward Cora and The Cora Ward Revocable Trust
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
Italia Kamiesh $360,000 Orange Coast Title
Redman Bonnie Liu $167,000 American Coast Title Co
Redman Bonnie Liu -- American Coast Title Co
Mendez Edwin -- American Coast Title Co
Mendez Edwin $62,000 Lsi Title Company
Wells Fargo Bank Na $129,200 Fidelity National
Macias Jose J -- Chicago Title Co
Macias Jose J $70,000 Chicago Title Co
Ward Cora -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macias Jose J $70,217
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2022 01/05/22 Sold $360,000 -15.3% $263 / Sq Ft
12/16/2021 12/16/21 For Sale $425,000 -- $311 / 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 $5,122 $382,035 $132,651 $249,384
2024 $5,122 $374,544 $130,050 $244,494
2023 $5,425 $367,200 $127,500 $239,700
2022 $2,952 $193,788 $46,417 $147,371
2021 $2,937 $189,988 $45,507 $144,481
2020 $2,943 $188,040 $45,040 $143,000
2019 $2,883 $184,353 $44,157 $140,196
2018 $2,788 $180,738 $43,291 $137,447
2017 $2,768 $177,194 $42,442 $134,752
2016 $2,308 $173,720 $41,610 $132,110
2015 $2,318 $171,111 $40,985 $130,126
2014 $2,182 $167,759 $40,182 $127,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21265740

California Regional Multiple Listing Service (CRMLS)

APN: 0130-172-32