Seller's Agent in 2018
Nathan Diones
REGIONCY REAL ESTATE
(909) 709-3781
1 in this area
26 Total Sales
15 N San Mateo St Redlands, CA 92373
West Redlands NeighborhoodEstimated Value: $942,925 - $1,118,000
4
Beds
2
Baths
3,934
Sq Ft
$261/Sq Ft
Est. Value
Highlights
- Corner Lot
- Laundry Room
- 4 Attached Carport Spaces
- Smiley Elementary School Rated A-
About This Home
As of July 2018Generational opportunity to acquire a fully occupied 4 unit building in South Redlands, CA. Very high demand rent area provides very little turnover and consistent income growth. Rents are under market rates which can provide a lucrative upside opportunity to landlord. Property does need some TLC but does have great potential. All units are spacious 2 bedrooms 1 bathroom units with washer & dryer hookups. Great upside in rents as they are under market. Email listing brokerage for full marketing package and P & L.
Last Agent to Sell the Property
REGIONCY REAL ESTATE License #01767311 Listed on: 05/23/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,732
Year Built
- Built in 1964
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- Corner Lot
Home Design
- 3,934 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- 4 Attached Carport Spaces
- On-Street Parking
Additional Features
- Laundry Room
- Sewer Paid
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, snow removal, telephone
- Tax Lot 01
- Tax Tract Number 5936
- Assessor Parcel Number 0171401350000
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $360
- Gardener Expense $1,200
- Insurance Expense $1,200
- Maintenance Expense $1,800
- Professional Management Expense $3,528
- Trash Expense $1,500
- Water Sewer Expense $1,500
- New Taxes Expense $8,437
- Operating Expense $19,525
- Gross Income $50,400
- Net Operating Income $29,363
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2018
Closed on
Jul 3, 2018
Sold by
Garcia Johnn Emmanuel
Bought by
Blue Water Group Llc
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Nathan Diones
REGIONCY REAL ESTATE
List Price
$679,000
Sold Price
$660,000
Premium/Discount to List
-$19,000
-2.8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,231
Avg. Annual Appreciation
7.19%
Original Mortgage
$536,000
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 4, 2012
Sold by
Garcia Juan Manuel
Bought by
Garcia Juan Manuel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,400
Interest Rate
3.74%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 11, 2005
Sold by
Garcia Juan Manuel and Tivera Garcia Marlyn R
Bought by
Garcia Juan Manuel
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Blue Water Group Llc | $670,000 | Stewart Title Of California | |
| Garcia Juan Manuel | -- | Westminster Title Co Inc | |
| Garcia Juan Manuel | -- | Alliance Title San Diego |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Blue Water Group Llc | $560,000 | |
| Closed | Blue Water Group Llc | $536,000 | |
| Previous Owner | Garcia Juan Manuel | $275,400 | |
| Previous Owner | Garcia Juan Manuel | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2018 07/27/18 | Sold | $660,000 | -2.8% | $168 / Sq Ft |
| 07/22/2018 07/22/18 | For Sale | $679,000 | 0.0% | $173 / Sq Ft |
| 06/19/2018 06/19/18 | Pending | -- | -- | -- |
| 05/23/2018 05/23/18 | For Sale | $679,000 | -- | $173 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,732 | $747,399 | $150,596 | $596,803 |
| 2024 | $8,732 | $732,744 | $147,643 | $585,101 |
| 2023 | $8,722 | $718,376 | $144,748 | $573,628 |
| 2022 | $8,597 | $704,290 | $141,910 | $562,380 |
| 2021 | $8,753 | $690,480 | $139,127 | $551,353 |
| 2020 | $8,623 | $683,400 | $137,700 | $545,700 |
| 2019 | $8,383 | $670,000 | $135,000 | $535,000 |
| 2018 | $3,372 | $271,966 | $57,257 | $214,709 |
| 2017 | $3,343 | $266,633 | $56,134 | $210,499 |
| 2016 | $3,305 | $261,405 | $55,033 | $206,372 |
| 2015 | $3,279 | $257,478 | $54,206 | $203,272 |
| 2014 | $3,220 | $252,434 | $53,144 | $199,290 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan Diones
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV18122480
APN: 0171-401-35
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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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