NOT LISTED FOR SALE

Estimated Value: $798,000 - $1,035,000

10 Beds
8 Baths
3,600 Sq Ft
$256/Sq Ft Est. Value

Last Sold January 03, 2022

Last sale price $800,000 $222 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,540/month

11 Days on Market

Highlights

  • Modern Architecture
  • No HOA
  • Laundry Room
  • Corner Lot
  • Neighborhood Views
  • Tankless Water Heater

About This Home

As of January 2022

GREAT INVESTMENT PROPERTY TO LIVE IN ONE AND RENT THE OTHER'S. THIS 4 PLEX IS LOCATED IN A MULTI FAMILY AREA OF MORENO VALLEY CLOSE TO SCHOOLS, PARKS, SHOPPING, AND FEATURES: TILE ROOF, FENCED YARD, LAUNDRY SPACE IN EACH UNIT AND PLENTY OF PARKING SPACE WITH 4 COVERED CAR PORTS. RECENT IMPROVEMENTS INCLUDE TANKLESS WATER HEATER, CENTRAL AIR CONDITIONER, AND NEWER FURNACE. TWO UNITS ARE 3BEDROOM/2BATHROOM AND TWO UNITS ARE 2BEDROOM/2BATHROOM ALL VERY SPACIOUS. LOCATED ON A CUL-DE-SAC WITH PLENTY OF TENANT POSSILITY CLOSE TO THE AIR FORCE BASE. CURRENTLY ALL UNITS ARE OCCUPIED WITH LONG TERM TENANTS. CALL FOR DETAILS.

Last Agent to Sell the Property

CYNTHIA BRIONES

CENTURY 21 PRIMETIME REALTORS License #01474920 Listed on: 10/25/2021

CENTURY 21 PRIMETIME REALTORS

Last Buyer's Agent

Veronica Mendoza

Elevate Real Estate Agency License #01926369

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 9,148 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • East Facing Home
  • Chain Link Fence
  • Corner Lot
  • Sprinkler System
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Modern Architecture
  • Quadruplex
  • Tile Roof

Interior Spaces

  • 3,600 Sq Ft Home
  • Window Screens
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 2229
  • Assessor Parcel Number 485032030
  • $5,714 per year additional tax assessments

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 $312
  • Insurance Expense $1,800
  • Trash Expense $1,620
  • Water Sewer Expense $4,044
  • Operating Expense $7,776
  • Gross Income $4,670
  • Net Operating Income $48,264

Property Details

Home Type

Multi-Family

Year Built

Built in 1987 | Remodeled

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 4044.00
  • Zoning: R2A
  • Architectural Style: Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 485032030
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 222.22
  • Room Type: Kitchen, Laundry
  • Window Features: Screens

Exterior Features

  • Direction Faces: East
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Gas Cooktop, Microwave, Tankless Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1620.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Electric Expense: 312.00
  • Gross Income: 4670.00
  • Gross Operating Income: 7776.00
  • Gross Scheduled Income: 56040.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 48264.00
  • 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 Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Operating Expense: 7776.00
  • Rent Control: No
  • Total Actual Rent: 4670.00
  • Total Expenses: 7776.00

Tax Info

  • Tax Census Tract: 425.08
  • Tax Lot: 28
  • Tax Tract Number: 2229
  • TaxOtherAnnualAssessmentAmount: 5714.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Nov 12, 2021
Sold by
Rodriguez Juan A
Bought by
Navarro Omar Gerardo and Rodriguez Verenice Gomez
Seller's Agent
CYNTHIA BRIONES
CENTURY 21 PRIMETIME REALTORS
Buyer's Agent
Veronica Mendoza
Elevate Real Estate Agency
List Price
$785,000
Sold Price
$800,000
Premium/Discount to List
$15,000
1.91%
Current Estimated Value
$920,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,354
Avg. Annual Appreciation
3.40%
Original Mortgage
$785,000
Interest Rate
3.11%
Mortgage Type
VA

Purchase Details

Closed on
May 14, 2007
Sold by
Barr Cary
Bought by
Rodriguez Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 1994
Sold by
Jones Le Roy and Jones Theodore R
Bought by
Jones Le Roy and Jones De Rhonda Y

Purchase Details

Closed on
Sep 9, 1994
Sold by
Crockett Albert Bernard
Bought by
Crockett Theodora Rosetta
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Navarro Omar Gerardo $800,000 First American Title Company
Rodriguez Juan A $615,000 Ticor Title
Jones Le Roy -- --
Crockett Theodora Rosetta -- United Title Co
Jones Theodore R -- United Title Co
Jones Le Roy -- United Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Navarro Omar Gerardo $785,000
Previous Owner Rodriguez Juan A $492,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2022 01/03/22 Sold $800,000 +1.9% $222 / Sq Ft
10/25/2021 10/25/21 For Sale $785,000 -- $218 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,651 $848,966 $175,099 $673,867
2023 $9,651 $816,000 $168,300 $647,700
2022 $6,588 $551,779 $104,779 $447,000
2021 $11,423 $511,428 $102,725 $408,703
2020 $10,947 $469,200 $101,672 $367,528
2019 $5,575 $460,000 $99,679 $360,321
2018 $5,570 $460,000 $120,000 $340,000
2017 $5,095 $418,950 $110,250 $308,700
2016 $5,138 $418,950 $110,250 $308,700
2015 $4,913 $399,000 $105,000 $294,000
2014 $4,459 $380,000 $100,000 $280,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21233116

California Regional Multiple Listing Service (CRMLS)

APN: 485-032-030

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