NOT LISTED FOR SALE

Estimated Value: $954,000

2 Beds
1 Bath
55,103 Sq Ft
$17/Sq Ft Est. Value

Sale Details

Date Sold: September 2, 2022

Last sale price $2,500,000 $45 Per Sq Ft

Current estimated payment $6,773 / mo

309 Days on Market

Highlights

  • 5.06 Acre Lot
  • Bike Trail
  • Rectangular Lot

About This Home

As of September 2022

The Seller is currently working with the city to split these lots. The sales price does not include the 5 units only the 4 acres of vacant land to the east of the units.This is an excellent property for development,it is made up of 2-2.5 acre parcels,one of the parcels has 2 duplexes on it,the other parcel has a single family home on it, it is zoned R3.Located close to major shopping,restaurants, medical facilities and the 215 and 60 freeways,the location is great.It is on a highly traveled main street,right on the corner.All utilities are already to the site.The water company recently ran a new 12" water main to service the property. There are 2 duplexes and 1 single family home on the site with rents over $5,000 per month,for development,these structures will be scrape offs. Parcel number(291-150-013) can be included in sale in the sale,for a total of 5.06 acres. Do not hesitate to submit all offer

Last Agent to Sell the Property

Paco Craig

California Real Estate Center License #01070102 Listed on: 09/01/2021

Last Buyer's Agent

Paco Craig

California Real Estate Center License #01070102 Listed on: 09/01/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 5.06 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • 291150013

Parking

  • 4 Car Garage

Home Design

  • 55,103 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in unit

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 42505
  • Assessor Parcel Number 291150004

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,400
  • Operating Expense $1,400
  • Net Operating Income $48,912

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

5.06 Acres

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 291150004
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 45.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 291150013
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 220414.00
  • Lot Size Acres: 5.0600

Multi Family

  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 220414.0000 Square Feet
  • Net Operating Income: 48912.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8688.00
  • Rent Control: No
  • Total Expenses: 1400.00

Tax Info

  • Tax Census Tract: 425.05
  • Tax Lot: 13
  • Tax Tract Number: 042505

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
Sep 1, 2021
Closed on
Jul 20, 2022
Sold by
Bought by
Seller's Agent
Paco Craig
California Real Estate Center
Buyer's Agent
Paco Craig
California Real Estate Center
List Price
$2,000,000
Sold Price
$2,500,000
Premium/Discount to List
$500,000
25%
Views
9
Current Estimated Value
$954,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,546,000
Avg. Annual Appreciation
-20.44%

Purchase Details

Listed on
Sep 22, 2015
Closed on
Oct 11, 2016
Sold by
Bought by
Seller's Agent
DEBBIE MATTICE
HOMESMART EXECUTIVES
Buyer's Agent
DEBBIE MATTICE
HOMESMART EXECUTIVES
List Price
$1,999,999
Sold Price
$1,050,000
Premium/Discount to List
-$949,999
-47.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.99%
Original Mortgage
$465,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 11, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2008
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
$1,050,000
Interest Rate
6.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 21, 2008
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
$1,050,000
Interest Rate
6.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 17, 2007
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
$1,050,000
Interest Rate
6.09%
Mortgage Type
Seller Take Back
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
$2,500,000 --
-- Title 365
$525,000 Title365
$1,207,689 Accommodation
-- First American Title Company
-- First American Title Company
$1,100,000 First American Title Company
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
Previous Owner $465,000
Previous Owner $1,050,000
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
09/02/2022 09/02/22 Sold $2,500,000 0.0% $45 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
04/30/2022 04/30/22 Off Market $2,500,000 -- --
04/11/2022 04/11/22 Price Changed $2,000,000 -33.3% $36 / Sq Ft
02/15/2022 02/15/22 Price Changed $3,000,000 +50.0% $54 / Sq Ft
02/09/2022 02/09/22 Price Changed $2,000,000 -33.3% $36 / Sq Ft
01/17/2022 01/17/22 Price Changed $3,000,000 +50.0% $54 / Sq Ft
09/01/2021 09/01/21 For Sale $2,000,000 +90.5% $36 / Sq Ft
10/26/2016 10/26/16 Sold $1,050,000 -47.5% -- View Prior Sale
08/25/2016 08/25/16 Pending -- -- --
09/22/2015 09/22/15 For Sale $1,999,999 -- --
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
2026 $18,407 $1,496,303 $965,699 $530,604
2025 $17,381 $1,466,964 $946,764 $520,200
2023 $17,381 $1,410,000 $910,000 $500,000
2022 $7,499 $574,161 $267,941 $306,220
2021 $7,374 $562,904 $262,688 $300,216
2020 $7,303 $557,133 $259,995 $297,138
2019 $7,197 $546,210 $254,898 $291,312
2018 $6,927 $535,500 $249,900 $285,600
2017 $6,645 $525,000 $245,000 $280,000
2016 $9,681 $790,540 $534,297 $256,243
2015 $9,546 $778,667 $526,272 $252,395
2014 $8,910 $763,415 $515,964 $247,451
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21193703

California Regional Multiple Listing Service (CRMLS)

APN: 291-150-004

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