NOT LISTED FOR SALE

1480 N Palm Ave Rialto, CA 92376

Estimated Value: $1,073,000 - $1,257,000

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

Last Sold February 20, 2020

Last sale price $699,888 $185 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,935/month

49 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Tile Flooring
  • Cooling System Mounted To A Wall/Window

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. 1470 N Palm is also available for sale and can be purchased with this property or sold separate from this property.

Last Agent to Sell the Property

Robert Flores

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

Last Buyer's Agent

Thomas Gibson

THE WRIGHT ASSOCIATED COMPANIES License #01319085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,206

Year Built

  • Built in 1968

Lot Details

  • 7,992 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,792 Sq Ft Home

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 7082
  • Assessor Parcel Number 0127182130000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $384
  • Insurance Expense $1,800
  • Trash Expense $5,100
  • Water Sewer Expense $5,388
  • New Taxes Expense $5,153
  • Operating Expense $14,434
  • Gross Income $57,000
  • Net Operating Income $42,816

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,206

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: 0127182130000
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Price Per Square Foot: 184.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • 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
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7992.00
  • Lot Size Acres: 0.1835

Multi Family

  • Electric Expense: 384.00
  • Gross Income: 57000.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 7992.0000 Square Feet
  • Net Operating Income: 42816.00
  • 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 With Disposal: 4
  • Operating Expense: 14184.00
  • Rent Control: No
  • Total Actual Rent: 4750.00
  • Total Expenses: 14434.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5153.00
  • Tax Census Tract: 35.05
  • Tax Lot: 10
  • Tax Tract Number: 7082

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2021
Sold by
Campopiano Michael and Campopiano Alicia
Bought by
Mamgl Llc
Current Estimated Value
$1,132,098

Purchase Details

Listed on
Dec 5, 2019
Closed on
Jan 5, 2020
Sold by
Flores Robert and Flores Hilda E
Bought by
Campopiano Michael and Campopiano Alicia
Seller's Agent
Robert Flores
1ST CHOICE REALTY
Buyer's Agent
Thomas Gibson
THE WRIGHT ASSOCIATED COMPANIES
List Price
$699,888
Sold Price
$699,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$524,916
Interest Rate
3.6%
Mortgage Type
New Conventional

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 E

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 E

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
Sep 18, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Kaissi Sumir and Kaissi Faten

Purchase Details

Closed on
Jul 16, 2009
Sold by
Pham Thuy
Bought by
One West Bank Fsb and Indymac Bank Fsb

Purchase Details

Closed on
Apr 20, 2006
Sold by
Pham Thuy
Bought by
Lucky Seven Investments Llc

Purchase Details

Closed on
Oct 26, 2005
Sold by
Hari Trust
Bought by
Pham Thuy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2005
Sold by
Winter Hugh W and Winter Nancy Ann
Bought by
Palm Cascade Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 27, 2004
Sold by
Palm Cascade Properties Llc
Bought by
Hari Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 16, 2003
Sold by
Winter Hugh W and Winter Nancy Ann
Bought by
Palm Cascade Properties Llc

Purchase Details

Closed on
May 21, 2003
Sold by
Rietsch Kurt W and Rietsch Judy Ann
Bought by
Winter Hugh W and Winter Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
4.33%
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
Mamgl Llc -- None Available
Campopiano Michael $700,000 Fidelity National Title Co
Flores Robert -- None Available
Flores Hilda E -- Multiple
Flores Hilda E $340,000 Multiple
Kaissi Sumir $250,000 Chicago Title Company
One West Bank Fsb $243,745 Lps Default Title & Closing
Lucky Seven Investments Llc -- None Available
Pham Thuy -- Orange Coast Title Company
Palm Cascade Properties Llc -- Orange Coast Title Company
Winter Hugh W -- Orange Coast Title Company
Hari Trust $500,000 Orange Coast Title Company
Palm Cascade Properties Llc -- --
Winter Hugh W -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campopiano Michael $524,916
Previous Owner Flores Hilda E $255,000
Previous Owner Pham Thuy $455,000
Previous Owner Sidhu Jasvinder $220,000
Previous Owner Sidhu Jasvinder $75,000
Previous Owner Hari Trust $300,000
Previous Owner Winter Hugh W $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2020 02/20/20 Sold $699,888 0.0% $185 / Sq Ft
01/23/2020 01/23/20 Pending -- -- --
01/16/2020 01/16/20 Off Market $699,888 -- --
01/14/2020 01/14/20 Price Changed $699,888 0.0% $185 / Sq Ft
01/14/2020 01/14/20 For Sale $699,888 0.0% $185 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
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 $9,206 $765,429 $153,110 $612,319
2024 $9,206 $750,421 $150,108 $600,313
2023 $9,821 $735,707 $147,165 $588,542
2022 $9,117 $721,281 $144,279 $577,002
2021 $12,551 $707,138 $141,450 $565,688
2020 $5,894 $401,301 $56,654 $344,647
2019 $5,153 $393,432 $55,543 $337,889
2018 $5,004 $385,718 $54,454 $331,264
2017 $4,966 $378,155 $53,386 $324,769
2016 $4,911 $370,740 $52,339 $318,401
2015 $4,932 $365,171 $51,553 $313,618
2014 $4,641 $358,018 $50,543 $307,475
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19276552

California Regional Multiple Listing Service (CRMLS)

APN: 0127-182-13