NOT LISTED FOR SALE

1470 N Palm Ave Rialto, CA 92376

Estimated Value: $1,072,000 - $1,254,000

9 Beds
5 Baths
3,792 Sq Ft
$300/Sq Ft Est. Value

Last Sold February 19, 2020

Last sale price $699,000 $184 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,965/month

32 Days on Market

Highlights

  • Home Theater
  • Balcony
  • Living Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room

About This Home

As of February 2020

Prime North Rialto Income Property - Good stable income from day one. Desirable 4-plex located a half a mile off the 210 freeway and walking distance to shopping and transportation. The front unit is a 3 bedroom 2 bath and the other three units are 2 bedroom 1 bath apartments. All are fully rented and tenants are on month to month contracts. The units include carpeting and tile flooring, ceiling fans, wall A/C units, one car garages. A leased coin-operated laundry provides additional monthly income. 1480 N Palm Ave is also available for sale and can be sold with this property or sold alone.

Last Agent to Sell the Property

Robert Flores

1ST CHOICE REALTY License #01066542 Listed on: 12/05/2019

Last Buyer's Agent

Raul Rodriguez

Premio Realty License #01071764

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,194

Year Built

  • Built in 1968

Lot Details

  • 9,999 Sq Ft Lot
  • No Common Walls
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 3,792 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Home Theater
  • Disposal
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 9
  • Tax Tract Number 7082
  • Assessor Parcel Number 0127182140000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $384
  • Insurance Expense $1,800
  • Pest Control $2,160
  • Trash Expense $5,100
  • Water Sewer Expense $5,388
  • New Taxes Expense $5,153
  • Operating Expense $14,434
  • Gross Income $47,300
  • Net Operating Income $32,616

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,194

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 5388.00
  • Property Type: Residential Income
  • Parcel Number: 0127182140000
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s), Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 184.34
  • Room Type: Home Theatre, Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Paved, Garage, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room, Inside
  • Pest Control Expense: 2160.00
  • Sewer: Public Sewer
  • Trash Expense: 5100.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 9999.00
  • Lot Size Acres: 0.2295

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 384.00
  • Gross Income: 47300.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1800.00
  • Laundry Income: 500.00
  • Lot Size Area: 9999.0000 Square Feet
  • Net Operating Income: 32616.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Operating Expense: 14184.00
  • Rent Control: No
  • Total Actual Rent: 46800.00
  • Total Expenses: 14434.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5153.00
  • Tax Census Tract: 35.05
  • Tax Lot: 9
  • Tax Tract Number: 7082

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2019
Closed on
Jan 5, 2020
Sold by
Flores Robert and Flores Hilda E
Bought by
Sanchez Ibet Mendez De and Sanchez Antonio R
Seller's Agent
Robert Flores
1ST CHOICE REALTY
Buyer's Agent
Raul Rodriguez
Premio Realty
List Price
$699,800
Sold Price
$699,000
Premium/Discount to List
-$800
-0.11%
Current Estimated Value
$1,132,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,315
Avg. Annual Appreciation
9.06%
Original Mortgage
$419,400
Outstanding Balance
$372,972
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$752,115

Purchase Details

Closed on
Dec 23, 2014
Sold by
Flores Hilda E
Bought by
Flores Robert and Flores Hilda E

Purchase Details

Closed on
Jun 4, 2010
Sold by
Flores Robert
Bought by
Flores Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2010
Sold by
Kaissi Samir and Kaissi Faten
Bought by
Flores Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2009
Sold by
Reo Properties Corporation
Bought by
Kaissi Samir and Kaissi Faten

Purchase Details

Closed on
Mar 6, 2007
Sold by
Murillo Martha
Bought by
Tarango Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,400
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2005
Sold by
Livin Murillo Martha
Bought by
Murillo Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2005
Sold by
Lucio Martha M
Bought by
Livin Murillo Martha and Livin Martha Murillo Revocable

Purchase Details

Closed on
Dec 3, 2004
Sold by
Cusano Gary and Cusano Debra
Bought by
Lucio Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2003
Sold by
Rietsch Kurt W and Rietsch Judy Ann
Bought by
Cusano Gary and Cusano Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Sanchez Ibet Mendez De $699,000 Ticor Title Company
Flores Robert -- None Available
Flores Hilda -- Chicago Title Company
Flores Hilda $340,000 Multiple
Kaissi Samir $200,000 None Available
Tarango Gloria $668,000 Ticor Title Company
Murillo Martha -- Old Republic Title Glendale
Livin Murillo Martha -- --
Lucio Martha $535,000 Commonwealthlandtitle Glenda
Cusano Gary -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Ibet Mendez De $419,400
Previous Owner Flores Hilda $255,000
Previous Owner Tarango Gloria $534,400
Previous Owner Murillo Martha $62,750
Previous Owner Murillo Martha $420,000
Previous Owner Lucio Martha $400,000
Previous Owner Cusano Gary $48,700
Previous Owner Cusano Gary $243,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2020 02/19/20 Sold $699,000 0.0% $184 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
12/12/2019 12/12/19 Off Market $699,000 -- --
12/05/2019 12/05/19 For Sale $699,800 -- $185 / 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 $9,194 $764,458 $153,110 $611,348
2024 $9,194 $749,469 $150,108 $599,361
2023 $9,809 $734,774 $147,165 $587,609
2022 $9,106 $720,366 $144,279 $576,087
2021 $9,047 $706,241 $141,450 $564,791
2020 $5,273 $401,301 $70,819 $330,482
2019 $5,153 $393,432 $69,430 $324,002
2018 $5,004 $385,718 $68,069 $317,649
2017 $4,966 $378,155 $66,734 $311,421
2016 $4,911 $370,740 $65,425 $305,315
2015 $4,932 $365,171 $64,442 $300,729
2014 $4,641 $358,018 $63,180 $294,838
Source: Public Records

Agents Affiliated with this Home

  • Robert Flores

    Seller's Agent in 2020

    Robert Flores

    1ST CHOICE REALTY

    (909) 560-4795

    5 Total Sales

    Section Image

  • R

    Buyer's Agent in 2020

    Raul Rodriguez

    Premio Realty

    (310) 762-9990

    3 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19275848

California Regional Multiple Listing Service (CRMLS)

APN: 0127-182-14

California San Bernardino County Rialto 92376

1470 N Palm Ave, Rialto, CA

This home is located at 1470 N Palm Ave, Rialto, CA 92376 since 05 December 2019 and is currently estimated at $1,136,757, approximately $299 per square foot. This property was built in 1968. 1470 N Palm Ave is a home located in San Bernardino County with nearby schools including Preston Elementary School, Kolb Middle School, and Eisenhower High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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