G
Seller's Agent in 2016
Glen Hughes
Hughes Realty Group
(949) 322-7483
20 Total Sales
1526 W Foothill Blvd Rialto, CA 92376
Estimated Value: $1,436,013
3
Beds
2
Baths
3,072
Sq Ft
$467/Sq Ft
Est. Value
About This Home
As of November 2016Great Real Estate Investment Opportunity. All buildings / units recently remodeled. Property consists of One Building that is a Two Bedroom, One Bath and Six other Buildings that EACH contain Two Bachelor Units. THAT MAKES A TOTAL OF 13 UNITS!!! Each of the 12 Bachelor Units contains a bathroom with shower, sink and toilet. Not only have all the units been recently remodeled but the entire property has a new concrete driveway / parking area. Check out the pro forma's excellent potential cap rate!!!
Last Agent to Sell the Property
Hughes Realty Group License #01217250 Listed on: 08/16/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,272
Year Built
- Built in 1938
Lot Details
- 10,584 Sq Ft Lot
- Two or More Common Walls
Home Design
- 3,072 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- Parking Available
- Unassigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 426
- Tax Tract Number 34
- Assessor Parcel Number 0243161030000
Community Details
Overview
- No Home Owners Association
- 7 Buildings
- 13 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $6,000
- Insurance Expense $2,100
- Maintenance Expense $4,500
- Pest Control $1,800
- Trash Expense $2,400
- Water Sewer Expense $2,400
- New Taxes Expense $9,900
- Gross Income $86,400
- Net Operating Income $56,160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 21, 2017
Sold by
Patel Sima
Bought by
Patel Girish
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$501,596
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$934,417
Purchase Details
Closed on
Aug 17, 2017
Sold by
Patel Girish and Patel Hemant K
Bought by
Route 66 Motel Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$501,596
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$934,417
Purchase Details
Listed on
Aug 16, 2016
Closed on
Sep 20, 2016
Sold by
Rama Patel Milan D
Bought by
Patel Hemant K
Seller's Agent
Glen Hughes
Hughes Realty Group
Buyer's Agent
Glen Hughes
Hughes Realty Group
List Price
$825,000
Sold Price
$745,000
Premium/Discount to List
-$80,000
-9.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Original Mortgage
$410,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 11, 2016
Sold by
Dous Ashraf Samy
Bought by
Patel Hemant K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 5, 2016
Sold by
Doss Emad
Bought by
Dous Ashraf Samy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Aug 16, 2012
Closed on
Sep 7, 2012
Sold by
Clemmons Cornelius
Bought by
Doss Emad
Seller's Agent
Yollanda Brinson
YOLLANDA BRINSON BROKER
Buyer's Agent
Michael Bareh
Douglas Elliman Of California
List Price
$445,000
Sold Price
$415,000
Premium/Discount to List
-$30,000
-6.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.03%
Purchase Details
Closed on
May 27, 2005
Sold by
Clemmons Nellie
Bought by
Clemmons Cornelius
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 1, 2002
Sold by
Glesener Pharmacy
Bought by
Clemmons Cornelius and Clemmons Nellie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 21, 1997
Sold by
The Hope Trust Deed Company Inc
Bought by
Glesener Pharmacy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 6, 1997
Sold by
Chaturvedi Gopal D and Chaturvedi Archana G
Bought by
The Hope Trust Deed Company Inc
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 |
|---|---|---|---|
| Patel Girish | -- | Commonwealth Land Title | |
| Rama Urmila | -- | Commonwealth Land Title | |
| Patel Girish | -- | Commonwealth Land Title | |
| Route 66 Motel Llc | -- | Commonwealth Land Title | |
| Patel Hemant K | -- | First American Title Company | |
| Patel Hemant K | $745,000 | First American Title Company | |
| Dous Ashraf Samy | -- | Equity Title Company | |
| Dous Ashraf Samy | -- | Equity Title Company | |
| Doss Emad | -- | Equity Title Company | |
| Doss Emad | $415,000 | First American Title | |
| Clemmons Cornelius | -- | Gateway Title Company | |
| Clemmons Cornelius | $200,000 | Orange Coast Title | |
| Glesener Pharmacy | $200,000 | First American Title Ins Co | |
| The Hope Trust Deed Company Inc | $15,775 | First Southwestern Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Route 66 Motel Llc | $600,000 | |
| Previous Owner | Patel Hemant K | $410,000 | |
| Previous Owner | Dous Ashraf Samy | $450,000 | |
| Previous Owner | Clemmons Cornelius | $245,000 | |
| Previous Owner | Clemmons Cornelius | $200,000 | |
| Previous Owner | Glesener Pharmacy | $190,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/15/2016 11/15/16 | Sold | $745,000 | 0.0% | $243 / Sq Ft | |
| 08/17/2016 08/17/16 | Pending | -- | -- | -- | |
| 08/08/2016 08/08/16 | Off Market | $745,000 | -- | -- | |
| 07/21/2016 07/21/16 | Price Changed | $799,900 | -3.0% | $260 / Sq Ft | |
| 05/20/2016 05/20/16 | For Sale | $825,000 | +98.8% | $269 / Sq Ft | |
| 10/16/2012 10/16/12 | Sold | $415,000 | -6.7% | $135 / Sq Ft | View Prior Sale |
| 08/22/2012 08/22/12 | Pending | -- | -- | -- | |
| 08/16/2012 08/16/12 | For Sale | $445,000 | -- | $145 / 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 | $9,272 | $892,471 | $232,210 | $660,261 |
| 2024 | $9,272 | $874,972 | $227,657 | $647,315 |
| 2023 | $9,032 | $857,816 | $223,193 | $634,623 |
| 2022 | $8,996 | $840,996 | $218,817 | $622,179 |
| 2021 | $8,883 | $824,505 | $214,526 | $609,979 |
| 2020 | $8,862 | $816,050 | $212,326 | $603,724 |
| 2019 | $8,592 | $800,049 | $208,163 | $591,886 |
| 2018 | $8,724 | $784,361 | $204,081 | $580,280 |
| 2017 | $8,405 | $745,000 | $145,000 | $600,000 |
| 2016 | $4,899 | $431,699 | $55,029 | $376,670 |
| 2015 | $4,836 | $425,214 | $54,202 | $371,012 |
| 2014 | $4,840 | $416,884 | $53,140 | $363,744 |
Source: Public Records
Agents Affiliated with this Home
-
Glen Hughes
-
Yollanda Brinson
Y
Seller's Agent in 2012
Yollanda Brinson
YOLLANDA BRINSON BROKER
(909) 684-1598
1 in this area
6 Total Sales
-
Michael Bareh
Buyer's Agent in 2012
Michael Bareh
Douglas Elliman Of California
(949) 270-0440
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC16108321
APN: 0243-161-03
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