NOT LISTED FOR SALE
8 Beds
8 Baths
3,496 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: October 16, 2024

Last sale price $1,230,000 $352 Per Sq Ft

40 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Double Pane Windows
  • Living Room
  • 4 Attached Carport Spaces

About This Home

As of October 2024

Outstanding Investment Opportunity! High performing Corona 4-plex with Long Term Tenants. Each apartment is a 2 Bedroom 1.5 Bath Townhouse Style Apartment. This property has New Exterior Paint and Beautiful Landscaping with High Quality Artificial Grass. Interiors feature New Carpeting and Interior Paint in 3 of the 4 apartments. Newer Vinyl Windows installed just a few years ago. These rental units are never vacant in this High Demand Rental Area of Corona near Corona High School and convenience to local shopping and public transportation.

Last Agent to Sell the Property

Dan Owens

Owens Commerical Investments Brokerage Phone: 949-573-4884 License #01809597 Listed on: 07/26/2024

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,496 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Gas Range
  • Laundry in unit

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 5
  • Tax Tract Number 2857
  • Assessor Parcel Number 110050005
  • $93 per year additional tax assessments

Community Details

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,250
  • Gardener Expense $600
  • Insurance Expense $1,849
  • Maintenance Expense $2,954
  • Pest Control $720
  • Trash Expense $2,160
  • Water Sewer Expense $2,640
  • New Taxes Expense $14,219
  • Operating Expense $26,392
  • Gross Income $78,000
  • Net Operating Income $51,608

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

8,712 Sq Ft Lot

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Unknown
  • View: No
  • Water Sewer Expenses: 2640.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 110050005
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 351.83
  • Room Type: All Bedrooms Up, Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 2160.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Rectangular Lot, Level
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000
  • Latitude Manual: 33.87411800

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Fuel Expense: 1250.00
  • Gross Income: 78000.00
  • Gross Multiplier: 16.15
  • Gross Scheduled Income: 78000.00
  • Insurance Expense: 1849.00
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Expense: 2954.00
  • Net Operating Income: 51608.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 26392.00
  • Rent Control: No
  • Total Expenses: 26392.00

Tax Info

  • New Taxes Expense: 14219.00
  • Tax Census Tract: 417.03
  • Tax Lot: 5
  • Tax Tract Number: 2857
  • TaxOtherAnnualAssessmentAmount: 93.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Oct 8, 2024
Sold by
Bought by
Seller's Agent
Dan Owens
Owens Commerical Investments
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,345,000
Sold Price
$1,230,000
Premium/Discount to List
-$115,000
-8.55%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$922,500
Interest Rate
0.0635%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2022
Sold by
Bought by

Purchase Details

Listed on
Nov 8, 2015
Closed on
Nov 6, 2015
Sold by
Bought by
Seller's Agent
Marlene Lemus
RE/MAX MASTERS REALTY
Buyer's Agent
Dan Owens
Owens Commerical Investments
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
0.0337%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 9, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
0.0337%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 6, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
0.0725%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
0.0561%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,230,000 Stewart Title Guaranty Company
-- None Listed On Document
$640,000 Stewart Title Of Ca Inc
-- North American Title Co
$660,000 North American Title Company
$535,000 First American Title Co
-- First American Title Co
$332,000 Fidelity Natl Title Ins Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $922,500
Previous Owner $281,000
Previous Owner $495,000
Previous Owner $386,250
Previous Owner $265,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $1,230,000 -2.4% $352 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $1,260,000 -3.0% $360 / Sq Ft
08/11/2024 08/11/24 Price Changed $1,299,000 -3.4% $372 / Sq Ft
07/26/2024 07/26/24 For Sale $1,345,000 +110.2% $385 / Sq Ft
12/16/2015 12/16/15 Sold $640,000 -1.5% $203 / Sq Ft View Prior Sale
11/02/2015 11/02/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $650,000 -- $206 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,333 $1,230,000 $175,000 $1,055,000
2023 $8,333 $728,207 $159,294 $568,913
2022 $8,067 $713,929 $156,171 $557,758
2021 $7,902 $699,931 $153,109 $546,822
2020 $7,816 $692,756 $151,540 $541,216
2019 $7,635 $679,173 $148,569 $530,604
2018 $7,464 $665,856 $145,656 $520,200
2017 $7,281 $652,800 $142,800 $510,000
2016 $7,211 $640,000 $140,000 $500,000
2015 $5,306 $472,500 $126,000 $346,500
2014 $4,970 $450,000 $120,000 $330,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24154090

California Regional Multiple Listing Service (CRMLS)

APN: 110-050-005

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