NOT LISTED FOR SALE

1260 E 8th St Beaumont, CA 92223

Estimated Value: $553,000 - $649,000

6 Beds
2 Baths
1,860 Sq Ft
$311/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $535,000 $288 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,737/month

28 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard
  • Ductless Heating Or Cooling System
  • Central Heating
  • 1-Story Property

About This Home

As of October 2023

This duplex presents an exciting opportunity for potential investors.Units are joined at garage so there is no noise from each unit. Each unit consists of three bedrooms and one bathroom. The property has undergone recent renovations, including a complete overhaul of the kitchen, with new countertops and appliances in one unit. The interior has been freshly painted, and new ceiling fans have been installed throughout. The roof is new and each unit now features its own AC/heat system called a mini split. In order to get into the third bedroom you must go through the garage. Each unit has its own electric meter, while water usage is shared. Each tenant pays $1800 per month rent. Opportunity knocks!

Last Agent to Sell the Property

Natalie Wilson

NATALIE WILSON REAL ESTATE SERVICES License #01789911 Listed on: 05/23/2023

Last Buyer's Agent

Lauren Lumbattis

First Team Real Estate License #01746402

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,940

Year Built

  • Built in 1961

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 6 Bedrooms
  • 1,860 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 9 / 180
  • Assessor Parcel Number 415303007
  • $64 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $300
  • Water Sewer Expense $600
  • Operating Expense $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,940

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 275000
  • Property Attached: No
  • Subdivision Name Other: unknown
  • Water Sewer Expenses: 600.00
  • Zoning: R3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 415303007
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 287.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Multi Family

  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 9583.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 3200.00
  • Total Expenses: 1600.00

Tax Info

  • Tax Block: 180
  • Tax Census Tract: 439.00
  • Tax Lot: 9
  • Tax Tract Number: 00
  • TaxOtherAnnualAssessmentAmount: 64.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Oct 3, 2023
Sold by
Wilson Dana L and Wilson Natalie A
Bought by
Jones John and Jones Ivett
Seller's Agent
Natalie Wilson
NATALIE WILSON REAL ESTATE SERVICES
Buyer's Agent
Lauren Lumbattis
First Team Real Estate
List Price
$560,000
Sold Price
$535,000
Premium/Discount to List
-$25,000
-4.46%
Views
540
Current Estimated Value
$577,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,674
Avg. Annual Appreciation
3.97%
Original Mortgage
$268,000
Outstanding Balance
$262,789
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$314,885

Purchase Details

Closed on
Mar 9, 2023
Sold by
Wilson Dana L and Wilson Natalie A
Bought by
Wilson Dana L and Wilson Natalie A

Purchase Details

Listed on
Aug 2, 2022
Closed on
Sep 8, 2022
Sold by
Placencia Morales Guadalupe
Bought by
Wilson Dana and Wilson Natalie
Seller's Agent
Tim Andros
Tim Andros, Broker
Buyer's Agent
Natalie Wilson
NATALIE WILSON REAL ESTATE SERVICES
List Price
$400,000
Sold Price
$405,000
Premium/Discount to List
$5,000
1.25%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.35%
Original Mortgage
$303,750
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2003
Sold by
Nilakout Xayphone and Yang Sia
Bought by
Moncada Bernardo A and Morales Guadalupe Placencia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 2001
Sold by
Watson Laura M
Bought by
Nilakout Xayphone and Yang Sia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,192
Interest Rate
7.08%
Mortgage Type
FHA
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
Jones John $535,000 None Listed On Document
Wilson Dana L -- --
Wilson Dana $405,000 --
Moncada Bernardo A $140,000 --
Nilakout Xayphone $80,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones John $268,000
Previous Owner Wilson Dana $303,750
Previous Owner Moncada Bernardo A $112,000
Previous Owner Nilakout Xayphone $79,192
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2023 10/17/23 Sold $535,000 -2.7% $288 / Sq Ft
07/14/2023 07/14/23 Price Changed $550,000 -1.8% $296 / Sq Ft
06/23/2023 06/23/23 For Sale $560,000 0.0% $301 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $560,000 +38.3% $301 / Sq Ft
09/16/2022 09/16/22 Sold $405,000 +1.3% $267 / Sq Ft View Prior Sale
08/04/2022 08/04/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $400,000 -- $264 / 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 $7,940 $545,700 $140,760 $404,940
2023 $7,940 $405,000 $137,214 $267,786
2022 $2,602 $191,046 $47,755 $143,291
2021 $2,553 $187,301 $46,819 $140,482
2020 $2,656 $185,381 $46,339 $139,042
2019 $2,487 $181,747 $45,431 $136,316
2018 $2,477 $178,185 $44,542 $133,643
2017 $2,438 $174,692 $43,669 $131,023
2016 $2,374 $171,267 $42,813 $128,454
2015 $2,334 $168,696 $42,171 $126,525
2014 $2,336 $165,394 $41,346 $124,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23089776

California Regional Multiple Listing Service (CRMLS)

APN: 415-303-007