NOT LISTED FOR SALE

13690 Old 215 Frontage Rd Moreno Valley, CA 92553

Edgemont Neighborhood

Estimated Value: $580,782 - $748,000

4 Beds
4 Baths
1,500 Sq Ft
$441/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $490,000 $327 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,046/month

142 Days on Market

Highlights

  • 0.57 Acre Lot
  • No HOA
  • Heating System Uses Natural Gas

About This Home

As of October 2021

BACK TO MARKET!! Buyer did not perform. Nice four-plex conveniently located in mayor street; Old 215 Frontage Rd in Moreno Valley near to freeway 215. Walking distance to Moreno Valley mall and transportation. All 4 units are studio with 1 bath, and Kitchen, assigned parking space at front patio. This property is sitting in a 24,829 SqFt lot. Plenty of additional parking space. Each unit is separately metered for electric. Owner only pays for trash and water and minor common area landscape maintenance. Future owner may ad Coin-Operated laundry room. Take a look and make an offer!

Last Agent to Sell the Property

ALFREDO LAZARTE

OneAmerica Real Estate and Mortgage License #01433821 Listed on: 04/22/2021

Last Buyer's Agent

Ken Tran

Realty One Group West License #01937599

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,045

Year Built

  • Built in 1960

Lot Details

  • 0.57 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,500 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 425
  • Assessor Parcel Number 263190027

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
  • Fuel Expense $1,176
  • Insurance Expense $2,000
  • Trash Expense $420
  • Water Sewer Expense $1,440
  • New Taxes Expense $4,000
  • Operating Expense $9,036
  • Gross Income $33,600
  • Net Operating Income $29,532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,045

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1440.00
  • Zoning: C1
  • Property Type: Residential Income
  • Parcel Number: 263190027
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 326.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Parking Space

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Private

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 24829.00
  • Lot Size Acres: 0.5700
  • Latitude Manual: 33.92127600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 1176.00
  • Gross Income: 33600.00
  • Gross Operating Income: 32592.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 24829.0000 Square Feet
  • Net Operating Income: 29532.00
  • 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
  • Operating Expense: 3060.00
  • Rent Control: No
  • Total Expenses: 9036.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Census Tract: 425.05
  • Tax Lot: 11
  • Tax Tract Number: 425

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Sep 21, 2021
Sold by
Naranjo Irma
Bought by
Lam Ryan and Tran Evelyn
Seller's Agent
ALFREDO LAZARTE
OneAmerica Real Estate and Mortgage
Buyer's Agent
Ken Tran
Realty One Group West
List Price
$502,000
Sold Price
$490,000
Premium/Discount to List
-$12,000
-2.39%
Current Estimated Value
$660,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,946
Avg. Annual Appreciation
7.69%

Purchase Details

Closed on
Dec 3, 2015
Sold by
Miller Vernon Dale and Miller Sherry Lynn
Bought by
Naranjo Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,375
Interest Rate
3.97%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 1998
Sold by
Dale Miller Vernon and Lynn Miller Sherry
Bought by
Miller Vernon Dale and Miller Sherry Lynn
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
Lam Ryan $490,000 Fidelity National Title Ie
Naranjo Irma $275,000 First American Title Company
Miller Vernon Dale -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Naranjo Irma $254,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2021 10/12/21 Sold $490,000 -2.4% $327 / Sq Ft
09/11/2021 09/11/21 Pending -- -- --
08/11/2021 08/11/21 Price Changed $502,000 0.0% $335 / Sq Ft
08/11/2021 08/11/21 For Sale $502,000 -3.5% $335 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
06/02/2021 06/02/21 Price Changed $520,000 -0.9% $347 / Sq Ft
05/03/2021 05/03/21 Price Changed $524,900 -90.0% $350 / Sq Ft
04/28/2021 04/28/21 Price Changed $5,249,000 +837.3% $3,499 / Sq Ft
04/22/2021 04/22/21 For Sale $560,000 +103.6% $373 / Sq Ft
02/23/2016 02/23/16 Sold $275,000 -7.1% $196 / Sq Ft View Prior Sale
11/12/2015 11/12/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $295,950 -- $211 / 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 $7,045 $519,991 $318,362 $201,629
2023 $7,045 $499,800 $306,000 $193,800
2022 $6,598 $490,000 $300,000 $190,000
2021 $4,486 $300,749 $218,727 $82,022
2020 $4,448 $297,666 $216,485 $81,181
2019 $4,391 $291,831 $212,241 $79,590
2018 $4,180 $286,110 $208,080 $78,030
2017 $3,857 $280,500 $204,000 $76,500
2016 $2,688 $187,482 $163,753 $23,729
2015 $2,659 $184,669 $161,295 $23,374
2014 $2,512 $181,054 $158,137 $22,917
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    ALFREDO LAZARTE

    OneAmerica Real Estate and Mortgage

    (714) 955-2939

    1 in this area

    23 Total Sales

    ALFREDO LAZARTE
    Section Image
  • Ken Tran

    Buyer's Agent in 2021

    Ken Tran

    Realty One Group West

    (714) 514-2960

    1 in this area

    55 Total Sales

    Ken Tran
    Section Image

  • P

    Seller's Agent in 2016

    Pete Nyiri

    Top Producers Realty, Ryjen Group

    (951) 529-6606

    26 Total Sales

    Pete Nyiri
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21082495

California Regional Multiple Listing Service (CRMLS)

APN: 263-190-027

California Riverside County Moreno Valley 92553 Edgemont

13690 Old 215 Frontage Rd, Moreno Valley, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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