NOT LISTED FOR SALE

Estimated Value: $898,000 - $1,233,496

8 Beds
8 Baths
3,496 Sq Ft
$322/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $1,060,000 $303 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,319/month

81 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of December 2022

Great opportunity to acquire 4-plexes in Corona. It is located within 2-2.5 miles of BOTH North Main and West Corona Metrolink stations. EACH unit has 2 bedrooms, 1.5 bath, and 1 carport. The owner has spent over $50,000 back in Jan-Feb. of 2022 to update most/some of the units with new floorings, showers, sinks, windows, front metal door, paint, new kitchen cabinet in unit #B, new wall AC in unit #C. Some of the interior pictures were taken during the remodeling. The property to be sold AS IS condition. Landlord to pay for water, gas, and trash.

PLEAE DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Steven Doan

Realty One Group West License #01378506 Listed on: 08/08/2022

Realty One Group West

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,076

Year Built

  • Built in 1965

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,496 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 2857
  • Assessor Parcel Number 110050007
  • $79 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,393
  • Other Expense $1,199
  • Professional Management Expense $6,110
  • Trash Expense $1,471
  • Water Sewer Expense $3,012
  • New Taxes Expense $12,485
  • Operating Expense $19,560
  • Gross Income $67,200
  • Net Operating Income $47,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,076

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Price Per Unit: 283750
  • Professional Management Expense: 6110.00
  • Property Attached: Yes
  • Subdivision Name Other: /
  • Water Sewer Expenses: 3012.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 110050007
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 303.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Covered
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1471.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1393.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 47640.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 19560.00
  • Other Expense: 1199.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 19560.00

Tax Info

  • New Taxes Expense: 12485.00
  • Tax Census Tract: 417.03
  • Tax Lot: 7
  • Tax Tract Number: 2857
  • TaxOtherAnnualAssessmentAmount: 79.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2024
Sold by
Thakkar Sandeep K and Li Ammie
Bought by
Sandeep K Thakkar And Ammie K Thakkar Living and Thakkar
Total Days on Market
81
Current Estimated Value
$1,124,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$782,000
Outstanding Balance
$777,341
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$347,283

Purchase Details

Listed on
Aug 8, 2022
Closed on
Nov 29, 2022
Sold by
Nguyen Quoc Lap
Bought by
Sandeep K Thakkar And Ammie K Thakkar Living
Seller's Agent
Steven Doan
Realty One Group West
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,135,000
Sold Price
$1,060,000
Premium/Discount to List
-$75,000
-6.61%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%
Original Mortgage
$795,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2019
Closed on
Jun 3, 2019
Sold by
Nguyen Lanchi Thi
Bought by
Nguyen Quoc Lap
Seller's Agent
Tammi Schilling-Garland
Century 21 Garland
Buyer's Agent
Christopher Phipps
Realty One Group West
List Price
$779,900
Sold Price
$729,000
Premium/Discount to List
-$50,900
-6.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$546,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2019
Sold by
Chatwin Bill and Chatwin Marjie
Bought by
Nguyen Quoc Lap

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2007
Sold by
Chatwin Bill and Chatwin Marjie
Bought by
Chatwin Bill and Chatwin Marjie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2004
Sold by
Chatwin William O and Chatwin Marjorie L
Bought by
Chatwin Bill and Chatwin Margie

Purchase Details

Closed on
Apr 8, 2004
Sold by
Chatwin Marjorie L
Bought by
Chatwin William O and Chatwin Marjorie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 1993
Sold by
Chatwin Marjorie L and Davis Marjorie L
Bought by
Chatwin Marjorie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.62%
Mortgage Type
Commercial
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
Sandeep K Thakkar And Ammie K Thakkar Living -- None Listed On Document
Sandeep K Thakkar And Ammie K Thakkar Living $1,060,000 Fidelity National Title
Nguyen Quoc Lap -- Ticor
Nguyen Quoc Lap $729,000 Ticor Title Riverside
Chatwin Bill -- Progressive
Chatwin Bill -- --
Chatwin William O -- Equity Title Company
Chatwin Marjorie L -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandeep K Thakkar And Ammie K Thakkar Living $782,000
Previous Owner Sandeep K Thakkar And Ammie K Thakkar Living $795,000
Previous Owner Nguyen Quoc Lap $546,750
Previous Owner Chatwin Bill $414,000
Previous Owner Chatwin Bill $290,000
Previous Owner Chatwin William O $225,000
Previous Owner Chatwin Marjorie L $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $1,060,000 -6.6% $303 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $1,135,000 +55.7% $325 / Sq Ft
06/14/2019 06/14/19 Sold $729,000 -1.5% $182 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
03/26/2019 03/26/19 Price Changed $739,900 -1.3% $185 / Sq Ft
02/28/2019 02/28/19 Price Changed $750,000 -3.8% $188 / Sq Ft
02/15/2019 02/15/19 For Sale $779,900 0.0% $195 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $779,900 -- $195 / 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
2023 $12,076 $1,060,000 $200,000 $860,000
2022 $8,645 $766,308 $126,141 $640,167
2021 $8,474 $751,283 $123,668 $627,615
2020 $8,381 $743,580 $122,400 $621,180
2019 $2,736 $238,827 $63,668 $175,159
2018 $2,675 $234,145 $62,421 $171,724
2017 $2,611 $229,555 $61,198 $168,357
2016 $2,585 $225,055 $59,999 $165,056
2015 $2,530 $221,677 $59,099 $162,578
2014 $2,441 $217,338 $57,943 $159,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22173883

California Regional Multiple Listing Service (CRMLS)

APN: 110-050-007