NOT LISTED FOR SALE

Estimated Value: $941,025 - $1,144,000

8 Beds
8 Baths
3,838 Sq Ft
$1,500/mo HOA Fee

Last Sold April 30, 2020

Last sale price $700,000 $182 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,884/month

33 Days on Market

Highlights

  • Spa
  • Property is near public transit
  • Community Pool
  • Smiley Elementary School Rated A-
  • Traditional Architecture
  • Tennis Courts

About This Home

As of April 2020

Excellent Opportunity for an Investor! Four Unit Apartment Building within Brookside Park which is made up of 324 Units in 81 Individually Owned 4 Unit Buildings. The Subject Building Offers Two 2 Bedroom, 2 Bath Town Home Style Units with Attached Garages and Laundry Hookups. The Other Two 2 Bedroom, 2 Bath Units have their Own Garages and Community Laundry within the Building. Professionally Managed Community in a Resort Like Setting with 6 Swimming Pools, 3 Spas, Tennis Court and Basketball Court. Monthly Management Fee includes Insurance, Water, Trash, Grounds Keeping, Landscaping and Leasing Fees. Located close to Public Schools, Loma Linda University Medical Center, the Veterans Hospital, University of Redlands and ESRI. Roof was replaced in 2015.

Last Agent to Sell the Property

Jeff Lawson

Keller Williams Realty License #01357726 Listed on: 03/09/2020

Keller Williams Realty

Last Buyer's Agent

Jason Lee

License #01836532

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,941

Year Built

  • Built in 1981

Lot Details

  • Two or More Common Walls
  • Zero Lot Line

HOA Fees

  • $1,500 Monthly HOA Fees

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Clay Roof

Interior Spaces

  • 3,838 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Living Room
  • Carpet
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Home Security

Outdoor Features

  • Spa
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, telephone, trash collection, water
  • Tax Lot 5
  • Tax Tract Number 9959
  • Assessor Parcel Number 0292281390000

Community Details

Overview

  • 81 Buildings
  • 4 Units
  • Jamboree Management Association

Amenities

  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $1,200
  • Professional Management Expense $18,000
  • New Taxes Expense $7,196
  • Operating Expense $20,752
  • Gross Income $72,324
  • Net Operating Income $51,571

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,941

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,500 per month

Parking

6

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 18000.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0292281390000
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 182.39
  • Room Type: Entry, Kitchen, Living Room
  • Spa Features: Association

Exterior Features

  • Pool Features: Association
  • Pool Private: No
  • Roof: Clay
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Tennis Court(s), Electricity, Trash, Pet Rules, Management
  • Association Fee: 1500.00
  • Association Fee Frequency: Monthly
  • Association Name: Jamboree Management
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Zero Lot Line
  • Lot Size Sq Ft: 13165.00
  • Lot Size Acres: 0.3022

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Telephone, Trash Collection, Water

Multi Family

  • Gross Income: 72324.00
  • Gross Scheduled Income: 72324.00
  • Lot Size Area: 13165.0000 Square Feet
  • Net Operating Income: 51571.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20752.00
  • Other Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 20752.00
  • Vacancy Allowance: 3573
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7196.00
  • Tax Census Tract: 78.00
  • Tax Lot: 5
  • Tax Tract Number: 9959

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2020
Closed on
Apr 27, 2020
Sold by
2605 Ocean Front Walk Lp
Bought by
Lee Jason Junli and Wei Shao Dan
Seller's Agent
Jeff Lawson
Keller Williams Realty
Buyer's Agent
Jason Lee
List Price
$680,000
Sold Price
$700,000
Premium/Discount to List
$20,000
2.94%
Current Estimated Value
$1,043,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,006
Avg. Annual Appreciation
7.72%

Purchase Details

Closed on
Feb 12, 2020
Sold by
Duro Leonard and The Leonard Duro Revocable Tru
Bought by
2605 Ocean Front Walk Lp

Purchase Details

Closed on
Oct 29, 2015
Sold by
Duro Leonard
Bought by
Duro Leonard and Leonard Duro Revocable Trust

Purchase Details

Listed on
Apr 2, 2015
Closed on
Apr 13, 2015
Sold by
Devries Pamela J and Pamela J Thomas Living Trust
Bought by
Duro Leonard Dean
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Jeffrey Smothers
CENTURY 21 LOIS LAUER REALTY
List Price
$540,000
Sold Price
$532,500
Premium/Discount to List
-$7,500
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%

Purchase Details

Closed on
Feb 9, 1998
Sold by
Washington Mutual Bank Fa
Bought by
Devries Pamela J and The Pamela J Thomas Living Tru

Purchase Details

Closed on
Dec 4, 1997
Sold by
Hubbard Brooks
Bought by
Washington Mutual Bank Fa and American Svgs Bank Fa

Purchase Details

Closed on
Sep 7, 1993
Sold by
Mullen Kenneth I and Mullen Lois A
Bought by
The Mullen 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
Lee Jason Junli $700,000 First American Title
2605 Ocean Front Walk Lp -- None Available
Duro Leonard -- None Available
Duro Leonard Dean $532,500 Stewart Title Of Ca Inc
Devries Pamela J $180,000 Investors Title Company
Washington Mutual Bank Fa $228,200 Orange Coast Title
The Mullen Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $700,000 -2.8% $182 / Sq Ft
04/11/2020 04/11/20 Pending -- -- --
03/25/2020 03/25/20 Price Changed $720,000 +5.9% $188 / Sq Ft
03/24/2020 03/24/20 For Sale $680,000 0.0% $177 / Sq Ft
03/15/2020 03/15/20 For Sale $680,000 -2.9% $177 / Sq Ft
03/14/2020 03/14/20 Pending -- -- --
03/11/2020 03/11/20 Off Market $700,000 -- --
03/09/2020 03/09/20 For Sale $680,000 +27.7% $177 / Sq Ft
05/11/2015 05/11/15 Sold $532,500 -1.4% $139 / Sq Ft
04/12/2015 04/12/15 Pending -- -- --
04/02/2015 04/02/15 For Sale $540,000 -- $141 / 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 $8,941 $765,553 $164,048 $601,505
2024 $8,941 $750,542 $160,831 $589,711
2023 $8,931 $735,825 $157,677 $578,148
2022 $8,802 $721,397 $154,585 $566,812
2021 $8,963 $707,252 $151,554 $555,698
2020 $7,402 $585,187 $117,587 $467,600
2019 $7,196 $573,712 $115,281 $458,431
2018 $7,018 $562,463 $113,021 $449,442
2017 $6,960 $551,434 $110,805 $440,629
2016 $6,882 $540,621 $108,632 $431,989
2015 $3,049 $232,190 $52,178 $180,012
2014 -- $227,642 $51,156 $176,486
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20048936

California Regional Multiple Listing Service (CRMLS)

APN: 0292-281-39