NOT LISTED FOR SALE

145 N Orange Ave Rialto, CA 92376

Rialto Area
6 Beds
3 Baths
4,424 Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: December 26, 2014

Last sale price $534,000 $121 Per Sq Ft

35 Days on Market

Highlights

  • No Units Above
  • Lawn
  • Laundry Room
  • Corner Lot
  • No HOA
  • 4-minute walk to Margaret Todd Park

About This Home

As of December 2014

6 units garden style, one story, 3 buildings total (2 triplexes and 1 garage). Unit mix is all two bedrooms, one bath. Newer construction, built in 1981. Each unit is approximately 600 square feet and has a private fenced patio and one garage space. Garage space is private and secure with walls between spaces. On-site coin-operated laundry room and an extra space in the garage building offer potential additional revenue opportunities.

Perfect property for savvy investors. According to the San Bernardino Housing Authority, maximum Section 8 rent for 2 bedroom in Rialto is $1115!

Quiet and convenient area located in Downtown Rialto. Walking distance to parks, schools, library, post office, police station (3 blocks away), public transportation, Metrolink station (3 blocks away), as well as easy access to 10, 215, 210 freeways.

Sale includes 141 N. Orange, Rialto, APN#0130-151-45. 141 & 145 N Orange share garage and laundry room. Both properties must be sold together!

Drive by only. Please do not disturb tenants or walk on the property without prior permission. Do not miss this excellent investment opportunity!

Last Agent to Sell the Property

Helen Y.C. Lam

RE/MAX MASTERS License #00802024 Listed on: 09/09/2014

Last Buyer's Agent

Bi Chen

Pinnacle Real Estate Group License #01255894

Pinnacle Real Estate Group
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 14,500 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Level Lot
  • Lawn

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,424 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer

Utilities

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

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 6
  • Assessor Parcel Number 0130151150000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $60
  • Insurance Expense $3,000
  • Maintenance Expense $4,500
  • Professional Management Expense $3,000
  • Trash Expense $1,680
  • Water Sewer Expense $4,800
  • New Taxes Expense $6,943
  • Gross Income $4,850
  • Net Operating Income $33,737

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0.33 Acres

Parking

7

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Parcel Number: 0130151150000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 120.71
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, In Garage, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1680.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lawn, Landscaped, Level with Street, Corner Lot
  • Lot Size Sq Ft: 14500.00
  • Lot Size Acres: 0.3330

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 600
  • Electric Expense: 60.00
  • Gross Income: 4850.00
  • Gross Scheduled Income: 58200.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 14500.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 33737.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 24463.00
  • Operating Expense Percent: 42.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6943.00
  • Tax Lot: 13
  • Tax Tract Number: 6
  • Tax Year: 2013

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

Closed on
Oct 14, 2014
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
$320,400
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$534,000 Orange Coast 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
Open $507,500
Previous Owner $320,400
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
12/26/2014 12/26/14 Sold $534,000 +0.8% $121 / Sq Ft
10/14/2014 10/14/14 Pending -- -- --
09/09/2014 09/09/14 For Sale $530,000 -- $120 / Sq Ft
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 $4,037 $327,313 $79,682 $247,631
2025 $4,037 $320,895 $78,120 $242,775
2024 $3,896 $314,603 $76,588 $238,015
2023 $4,154 $308,434 $75,086 $233,348
2022 $3,859 $302,387 $73,614 $228,773
2021 $3,834 $296,458 $72,171 $224,287
2020 $3,860 $293,418 $71,431 $221,987
2019 $3,772 $287,664 $70,030 $217,634
2018 $3,662 $282,024 $68,657 $213,367
2017 $3,635 $276,494 $67,311 $209,183
2016 $3,595 $271,072 $65,991 $205,081
2015 $3,610 $267,000 $65,000 $202,000
2014 $2,771 $212,364 $60,034 $152,330
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14206155

California Regional Multiple Listing Service (CRMLS)

APN: 0130-151-15

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