NOT LISTED FOR SALE

Estimated Value: $671,780 - $751,000

8 Beds
4 Baths
3,517 Sq Ft
$202/Sq Ft Est. Value

Last Sold June 04, 2024

Last sale price $670,000 $191 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,388/month

34 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • 1-Story Property
  • Fenced
  • Wall Furnace

About This Home

As of June 2024

Great investment opportunity with established tenants and a low maintenance property. Four units, each with 2 bedrooms and 1 bath surrounding a courtyard. There is one garage and 3 carports on a huge corner lot. Separate meters for each unit. DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Dolce Ibarra

Century 21 Masters Brokerage Phone: 951-531-7009 License #01258604 Listed on: 03/30/2024

Century 21 Masters

Last Buyer's Agent

Karim Almandos

Homequest Real Estate License #01197927

Homequest Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.45 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Fenced
  • Fence is in average condition
  • Level Lot

Parking

  • 1 Car Garage
  • 3 Carport Spaces

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,517 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 209
  • Tax Tract Number 4112
  • Assessor Parcel Number 0441221080000
  • $999 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Operating Expense $9,641
  • Gross Income $56,940
  • Net Operating Income $47,299

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • CapRate: 7.00
  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0441221080000
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 190.50

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, Level
  • Lot Size Sq Ft: 19800.00
  • Lot Size Acres: 0.4545
  • Latitude Manual: 34.53372300

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 56940.00
  • Gross Scheduled Income: 56940.00
  • Lot Size Area: 19800.0000 Square Feet
  • Net Operating Income: 47299.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9641.00
  • Rent Control: No
  • Total Actual Rent: 4745.00
  • Total Expenses: 9641.00

Tax Info

  • Tax Census Tract: 97.27
  • Tax Lot: 209
  • Tax Tract Number: 4112
  • TaxOtherAnnualAssessmentAmount: 999.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2024
Closed on
May 14, 2024
Sold by
Bryson Jesse B and Bryson Maria
Bought by
Ruelas Regino
Seller's Agent
Dolce Ibarra
Century 21 Masters
Buyer's Agent
Karim Almandos
Homequest Real Estate
List Price
$650,000
Sold Price
$670,000
Premium/Discount to List
$20,000
3.08%
Views
51
Current Estimated Value
$710,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,445
Avg. Annual Appreciation
3.62%
Original Mortgage
$657,864
Outstanding Balance
$647,266
Interest Rate
7.1%
Mortgage Type
FHA
Estimated Equity
$63,179

Purchase Details

Closed on
Oct 19, 2020
Sold by
Lowe Jeffries Hiidie and Lowe Hiidie N
Bought by
Bryson Jesse B and Bryson Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2020
Sold by
Lowe David
Bought by
Lowe David and Lowe Hiidie N

Purchase Details

Closed on
Sep 16, 2003
Sold by
Argueta Jose R
Bought by
Lowe David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2002
Sold by
Alvarado Enrique
Bought by
Argueta Jose R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,890
Interest Rate
7.17%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 2001
Sold by
Ocwen Federal Bank Fsb
Bought by
Alvarado Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
7.14%

Purchase Details

Closed on
Oct 19, 2000
Sold by
Mansur Sigalit
Bought by
Ocwen Federal Bank Fsb

Purchase Details

Closed on
Dec 1, 1999
Sold by
Mansur Sigalit
Bought by
Mansur Sigalit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
12%

Purchase Details

Closed on
Apr 5, 1999
Sold by
Amini Behzad
Bought by
Mansur Sigalit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,149
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 1997
Sold by
Hud
Bought by
Amini Behzad and Amini Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,362
Interest Rate
7.33%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 1997
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jun 5, 1997
Sold by
Carter Walter D and Carter Faye L
Bought by
Fleet Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ruelas Regino $670,000 First American Title
Bryson Jesse B $370,000 Stewart Title Of Ca Inc
Lowe David -- Accommodation
Lowe David $239,500 Stewart Title Company
Argueta Jose R $140,000 Commerce Title
Alvarado Enrique $82,000 Fidelity National Title Ins
Ocwen Federal Bank Fsb $78,625 Fidelity National Title
Mansur Sigalit -- United Title
Mansur Sigalit $131,000 Orange Coast Title
Amini Behzad $66,000 Commonwealth Land Title Co
Hud -- Fidelity National Title Ins
Fleet Mtg Corp $117,809 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruelas Regino $657,864
Previous Owner Bryson Jesse B $296,000
Previous Owner Lowe David $169,600
Previous Owner Argueta Jose R $127,890
Previous Owner Alvarado Enrique $81,600
Previous Owner Mansur Sigalit $108,800
Previous Owner Mansur Sigalit $127,149
Previous Owner Amini Behzad $57,362
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/04/2024 06/04/24 Sold $670,000 +3.1% $191 / Sq Ft
05/04/2024 05/04/24 Pending -- -- --
03/30/2024 03/30/24 For Sale $650,000 +75.7% $185 / Sq Ft
12/30/2020 12/30/20 Sold $370,000 0.0% $109 / Sq Ft View Prior Sale
12/22/2020 12/22/20 For Sale $370,000 0.0% $109 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
09/20/2020 09/20/20 Price Changed $370,000 -5.0% $109 / Sq Ft
08/28/2020 08/28/20 For Sale $389,500 0.0% $115 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/12/2020 08/12/20 Price Changed $389,500 -2.5% $115 / Sq Ft
08/01/2020 08/01/20 For Sale $399,500 0.0% $118 / Sq Ft
07/09/2015 07/09/15 Rented $575 0.0% --
07/09/2015 07/09/15 For Rent $575 0.0% --
03/14/2015 03/14/15 Rented $575 +4.5% --
03/14/2015 03/14/15 For Rent $550 -- --
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 $8,379 $683,400 $102,000 $581,400
2024 $4,896 $392,647 $26,530 $366,117
2023 $4,849 $384,948 $26,010 $358,938
2022 $4,774 $377,400 $25,500 $351,900
2021 $4,666 $353,626 $30,311 $323,315
2020 $3,609 $275,610 $26,001 $249,609
2019 $3,542 $270,206 $25,491 $244,715
2018 $3,457 $264,908 $24,991 $239,917
2017 $3,408 $259,714 $24,501 $235,213
2016 $3,119 $254,622 $24,021 $230,601
2015 $3,072 $250,797 $23,660 $227,137
2014 $3,030 $245,885 $23,197 $222,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG24055378

California Regional Multiple Listing Service (CRMLS)

APN: 0441-221-08