NOT LISTED FOR SALE

Estimated Value: $729,167 - $915,000

8 Beds
8 Baths
3,800 Sq Ft
$210/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $432,000 $114 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,661/month

6 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Laundry Room

About This Home

As of July 2018

Constructed in 1983, huge lot size: 17,945 sq ft., two building with building area in total 3,800 sq ft. Prime investment opportunity. This well-maintained 4-unit apartment is located in a very desirable area of Apple Valley. All single level units are 2 bed/2bath in approx 950 sqf with fireplace on each unit plus 2 car garages. A good size courtyard is ideal for kids playing area.

Last Agent to Sell the Property

Henry Chuang

HENRY CHUANG, BROKER License #01838832 Listed on: 06/20/2018

Last Buyer's Agent

Anis Rahman

Future Home Realty License #01237093

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,774

Year Built

  • Built in 1983

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,800 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 183
  • Tax Tract Number 4112
  • Assessor Parcel Number 0441201020000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $1,100
  • Professional Management Expense $2,088
  • Trash Expense $700
  • Water Sewer Expense $1,770
  • New Taxes Expense $3,450
  • Operating Expense $7,500
  • Gross Income $35,100
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,774

Year Built

Built in 1983

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 2088.00
  • Property Attached: No
  • Water Sewer Expenses: 1770.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0441201020000
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 113.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 17945.00

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 35100.00
  • Gross Operating Income: 35100.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 27600.00
  • 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
  • Operating Expense: 7500.00
  • Rent Control: No
  • Total Actual Rent: 34800.00
  • Total Expenses: 7500.00

Tax Info

  • New Taxes Expense: 3450.00
  • Tax Census Tract: 97.16
  • Tax Lot: 183
  • Tax Tract Number: 4112

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2020
Sold by
Vayineni Kondala
Bought by
Vayineni Kondala and Sandur Sharadhra
Current Estimated Value
$797,042

Purchase Details

Closed on
Feb 20, 2019
Sold by
Alla Praveen R
Bought by
Alla Praveen R and Sanagala Sirisha

Purchase Details

Listed on
Jun 20, 2018
Closed on
Jul 27, 2018
Sold by
Sanagala Sirisha
Bought by
Alla Praveen R and Vayineni Kondala
Seller's Agent
Henry Chuang
HENRY CHUANG, BROKER
Buyer's Agent
Anis Rahman
Future Home Realty
List Price
$432,000
Sold Price
$432,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.82%
Original Mortgage
$324,000
Outstanding Balance
$281,415
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$515,627

Purchase Details

Listed on
Jun 20, 2018
Closed on
Jun 28, 2018
Sold by
The Excel Company Llc
Bought by
Alla Praveen R and Vayineni Kondala
Seller's Agent
Henry Chuang
HENRY CHUANG, BROKER
Buyer's Agent
Anis Rahman
Future Home Realty
List Price
$432,000
Sold Price
$432,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Outstanding Balance
$281,415
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$515,627

Purchase Details

Closed on
May 27, 2016
Sold by
Sook Eun Edward Suki
Bought by
The Excel Company Llc

Purchase Details

Listed on
Oct 19, 2012
Closed on
Apr 25, 2013
Sold by
Akter Kohinoor
Bought by
Sook Eun Edward Suki and Sook Eun In
Seller's Agent
Mohammad Alam
ALAM REALTY
Buyer's Agent
Mohammad Alam
ALAM REALTY
List Price
$249,000
Sold Price
$215,000
Premium/Discount to List
-$34,000
-13.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.08%

Purchase Details

Closed on
Feb 18, 2009
Sold by
The Bank Of New York
Bought by
Akter Kohinoor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,102
Interest Rate
5.04%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 17, 2008
Sold by
Marrufo Reydecel
Bought by
The Bank Of New York and Cwalt Inc Alternative Loan Trust 2006-Oa

Purchase Details

Closed on
Mar 29, 2006
Sold by
Nevels Reni L
Bought by
Marrufo Reydecel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,130
Interest Rate
7.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 12, 2002
Sold by
Roman Diogenes Anthony
Bought by
Nevels Reni L and Nevels Staci L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,250
Interest Rate
5.88%

Purchase Details

Closed on
Jun 11, 2001
Sold by
Roman Diogenes Anthony
Bought by
Roman Diogenes Anthony and Roman Manuela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.21%

Purchase Details

Closed on
Sep 25, 2000
Sold by
Hud
Bought by
Roman Diogenes Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,767
Interest Rate
7.66%

Purchase Details

Closed on
Jun 8, 2000
Sold by
First Nationwide Mtg Corp
Bought by
Hud

Purchase Details

Closed on
May 4, 1999
Sold by
St John Sean
Bought by
First Nationwide Mtg Corp

Purchase Details

Closed on
Aug 11, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Stjohn Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,297
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 1997
Sold by
Alvarado Sergio and Alvarado Irma
Bought by
Home Svgs Of America Fsb
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
Vayineni Kondala -- None Available
Alla Praveen R -- None Available
Alla Praveen R -- First American Title Company
Alla Praveen R $432,000 First American Title Insuran
The Excel Company Llc $277,000 First American Title Company
Sook Eun Edward Suki $215,000 First American Title Company
Akter Kohinoor $160,000 Landsafe Title National
The Bank Of New York $295,375 Landsafe
Marrufo Reydecel $566,000 Multiple
Nevels Reni L $179,000 Commerce Title Company
Roman Diogenes Anthony -- Chicago Title Co
Roman Diogenes Anthony $79,000 Orange Coast Title
Roman Diogenes Anthony -- Orange Coast Title
Hud -- Fidelity Title
First Nationwide Mtg Corp $86,593 Fidelity National Title Ins
Stjohn Sean $76,090 Investors Title Company
Home Svgs Of America Fsb $63,750 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alla Praveen R $324,000
Previous Owner Akter Kohinoor $157,102
Previous Owner Marrufo Reydecel $396,130
Previous Owner Nevels Reni L $134,250
Previous Owner Roman Diogenes Anthony $70,000
Previous Owner Roman Diogenes Anthony $66,767
Previous Owner Stjohn Sean $76,297
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2018 07/31/18 Sold $432,000 0.0% $114 / Sq Ft
07/31/2018 07/31/18 Sold $432,000 0.0% $114 / Sq Ft View Prior Sale
06/26/2018 06/26/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $432,000 0.0% $114 / Sq Ft
04/10/2018 04/10/18 Off Market $432,000 -- --
03/10/2018 03/10/18 For Sale $465,000 +116.3% $122 / Sq Ft
05/13/2013 05/13/13 Sold $215,000 -13.7% $57 / Sq Ft View Prior Sale
04/12/2013 04/12/13 Pending -- -- --
10/19/2012 10/19/12 For Sale $249,000 -- $66 / 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 $5,774 $481,904 $33,465 $448,439
2024 $5,774 $472,455 $32,809 $439,646
2023 $5,719 $463,191 $32,166 $431,025
2022 $5,632 $454,109 $31,535 $422,574
2021 $5,504 $445,205 $30,917 $414,288
2020 $5,435 $440,640 $30,600 $410,040
2019 $5,335 $432,000 $30,000 $402,000
2018 $3,708 $288,191 $20,808 $267,383
2017 $3,655 $282,540 $20,400 $262,140
2016 $2,783 $223,651 $31,207 $192,444
2015 -- $220,291 $30,738 $189,553
2014 $2,704 $215,976 $30,136 $185,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18148647

California Regional Multiple Listing Service (CRMLS)

APN: 0441-201-02