$721,500
SOLD FEB 18, 2021
8 Beds
4 Baths
1 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$721,500 Per Sq Ft

4% Below List Price

253 Days on Market

Highlights

  • Mountain View
  • Central Heating and Cooling System
  • Masonry wall
  • Laundry Room

About This Home

As of February 2021

Investor Alert! Automatic Cash Flow! This 4 plex is turnkey. All 2 bedroom 1 bath units. . All units have great tenants that
take great care of their space. Coin operated laundry room for more potential profit. Fully fenced with basic easy to maintain
landscaping. There is 4 covered parking spots and 3 additional uncovered. Upstairs units have balconies and lower units have a
patio. Close to all the major wherehousing jobs in Moreno Valley and Perris!

Last Agent to Sell the Property

Lee Medlin

National Realty Group License #00998908 Listed on: 03/27/2020

Last Buyer's Agent

Samir Riad

Best Choice Funding & Realty License #01739953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,958

Year Built

  • Built in 1970

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Masonry wall
  • Wrought Iron Fence
  • Sprinklers on Timer

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 1 Sq Ft Home
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 2995
  • Assessor Parcel Number 486091006

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $285
  • Insurance Expense $1,500
  • Trash Expense $1,566
  • Water Sewer Expense $2,824
  • New Taxes Expense $7,500
  • Operating Expense $13,390
  • Gross Income $52,200
  • Net Operating Income $38,810

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,958

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2824.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 486091006
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Masonry, Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1566.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers Timer
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 285.00
  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 38810.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13390.00
  • Rent Control: No
  • Total Actual Rent: 4350.00
  • Total Expenses: 13390.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 489.02
  • Tax Lot: 13
  • Tax Tract Number: 2995

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2020
Sold by
Kaltreider Kenneth B and Kaltreider Sarah Ruth
Bought by
Riad Samir Sobhy
Current Estimated Value
$975,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,900
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 18, 2018
Closed on
May 17, 2018
Sold by
Genie Daniel and Genie Annette
Bought by
Kaltreider Kenneth B and Fantel Sarah Ruth
Seller's Agent
Daniel Genie
DANIEL GENIE REALTY
Buyer's Agent
Carolyn Randolph
Fathom Realty Group Inc.
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%
Original Mortgage
$374,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2004
Sold by
Genie Daniel and Genie Annette
Bought by
Genie Daniel and Genie Annette

Purchase Details

Closed on
Aug 14, 2002
Sold by
Valdez Gonzalo
Bought by
Genie Daniel and Genie Annette

Purchase Details

Closed on
Apr 19, 2002
Sold by
Panacea Investment Corp
Bought by
Valdez Gonzalo

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
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2001
Sold by
Washington Mutual Bank Fa
Bought by
Panacea Investment Corp

Purchase Details

Closed on
Jan 19, 2001
Sold by
Whetzell Bryce M and Whetzell Femely R
Bought by
Washington Mutual

Purchase Details

Closed on
Apr 13, 1994
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Whetzell Bryce M and Whetzell Femely R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
8.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 1994
Sold by
Professional Foreclosure Corp
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $721,500 Fidelity National Title Ins
Grant Deed $540,000 Old Republic Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed -- --
Grant Deed $200,000 Northern Counties Title
Grant Deed $127,500 Stewart Title
Trustee Deed $125,043 Landsafe Title
Corporate Deed $80,000 Commonwealth Land Title Co
Trustee Deed $80,199 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $432,900 New Conventional
Previous Owner $376,000 Adjustable Rate Mortgage/ARM
Previous Owner $374,500 New Conventional
Previous Owner $305,000 Commercial
Previous Owner $192,500 Commercial
Previous Owner $190,000 Commercial
Previous Owner $64,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2021 02/18/21 Sold $721,500 -3.8% $721,500 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
03/27/2020 03/27/20 For Sale $750,000 +38.9% $750,000 / Sq Ft
06/15/2018 06/15/18 Sold $540,000 -6.1% $154 / Sq Ft
04/18/2018 04/18/18 For Sale $575,000 -- $164 / 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 $8,958 $780,972 $152,080 $628,892
2023 $8,958 $750,648 $146,176 $604,472
2022 $8,618 $735,930 $143,310 $592,620
2021 $6,748 $567,635 $126,141 $441,494
2020 $6,677 $561,816 $124,848 $436,968
2019 $6,570 $550,800 $122,400 $428,400
2018 $3,311 $259,648 $57,117 $202,531
2017 $3,244 $254,558 $55,998 $198,560
2016 $3,214 $249,567 $54,900 $194,667
2015 $3,172 $245,820 $54,076 $191,744
2014 $2,971 $241,007 $53,018 $187,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20064502

California Regional Multiple Listing Service (CRMLS)

APN: 486-091-006