NOT LISTED FOR SALE

162 E 2nd St Rialto, CA 92376

Estimated Value: $750,000 - $985,000

4 Beds
4 Baths
2,400 Sq Ft
$368/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $773,000 $322 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,451/month

76 Days on Market

Highlights

  • Lawn
  • Tile Flooring
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

As of January 2022

GREAT RIALTO LOCATION! This fourplex is in nice condition located in Downtown Rialto. Location is walking Distance to downtown main street Rialto (shops, restaurants). All 4 units are in good condition. Property features a privacy gate, individual meters for gas and electric, a storage shed, and 4 parking spaces behind the unit.

Last Agent to Sell the Property

Jonathan Galasso

SIERRA REALTY FONTANA INC License #01733180 Listed on: 09/21/2021

Co-Listed By

Ken Galasso

SIERRA REALTY FONTANA INC License #00570875

Last Buyer's Agent

Ivan Perez

REALTY WORLD CALIFORNIA PROPERTIES License #01438047

REALTY WORLD CALIFORNIA PROPERTIES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,859

Year Built

  • Built in 1960

Lot Details

  • 6,000 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Sprinkler System
  • Lawn

Home Design

  • Property Attached

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 23 / 1
  • Assessor Parcel Number 0130102260000
  • $766 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $1,683
  • Water Sewer Expense $4,200
  • Operating Expense $7,883
  • Gross Income $3,720
  • Net Operating Income $36,757

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,859

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 194750
  • Property Attached: Yes
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Parcel Number: 0130102260000
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 322.08

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Microwave, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1683.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Sprinkler System
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1377

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3720.00
  • Gross Scheduled Income: 44640.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6000.0000 Square Feet
  • Net Operating Income: 36757.00
  • 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 Wall A C: 8
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 7883.00
  • Rent Control: No
  • Total Actual Rent: 3720.00
  • Total Expenses: 7883.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 37.00
  • Tax Lot: 23
  • TaxOtherAnnualAssessmentAmount: 766.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Dec 7, 2021
Sold by
Tungshing Young Tony and Tungshing Elly
Bought by
Gonzales David
Seller's Agent
Jonathan Galasso
SIERRA REALTY FONTANA INC
Buyer's Agent
Ivan Perez
REALTY WORLD CALIFORNIA PROPERTIES
List Price
$779,000
Sold Price
$773,000
Premium/Discount to List
-$6,000
-0.77%
Current Estimated Value
$882,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,706
Avg. Annual Appreciation
3.55%
Original Mortgage
$421,000
Outstanding Balance
$387,261
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$495,445

Purchase Details

Closed on
Jan 8, 2018
Sold by
Young Tony Tungshing and Chan Elly
Bought by
Young Tony Tungshing and Chan Elly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 28, 2011
Closed on
Jan 11, 2012
Sold by
Cai Multi Unit 1 Llc
Bought by
Young Tung Shing and Chan Elly
Seller's Agent
Brett Bayless
Brett Bayless, Broker
List Price
$309,000
Sold Price
$279,000
Premium/Discount to List
-$30,000
-9.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
Aug 26, 2011
Sold by
Montes Grace
Bought by
Cai Multi Unit 1 Llc

Purchase Details

Closed on
Aug 4, 2004
Sold by
Nuno Kelly R and Nuno Diane M
Bought by
Montes Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 13, 2004
Sold by
Nuno Kelly R and Nuno Diane M
Bought by
Nuno Kelly R and Nuno Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 2003
Sold by
Flores Erick A
Bought by
Nuno Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,200
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2000
Sold by
Curry Temple Community Development Corp
Bought by
Flores Erick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,223
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 15, 1999
Sold by
Hud
Bought by
Curry Temple Community Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.96%

Purchase Details

Closed on
Mar 17, 1999
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Mar 12, 1999
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Feb 19, 1998
Sold by
Delrio Felipe
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Mar 11, 1997
Sold by
Martinez Ricardo
Bought by
Delrio Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,518
Interest Rate
7.74%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Martinez Ricardo M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,215
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
May 3, 1996
Sold by
Delacerra Bernardo A and Delacerra Alma
Bought by
Home Svgs Of America Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,215
Interest Rate
8.2%
Mortgage Type
FHA
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
Gonzales David $773,000 First American Title
Young Tony Tungshing -- Provident Title Company
Young Tung Shing $279,000 Fidelity National Title
Cai Multi Unit 1 Llc -- Fidelity National Title Co
Montes Grace $325,000 Ticor Title Co
Nuno Kelly R -- Ticor Title Co
Nuno Diane $196,000 Ticor Title Co
Nuno Kelly R -- Ticor Title Co
Flores Erick A $95,000 Benefit Land Title
Curry Temple Community Development Corp $48,000 American Title
Hud -- Landsafe Title
Hud -- Landsafe Title
Chase Manhattan Mtg Corp $124,167 Landsafe Title
Delrio Felipe $125,000 Commonwealth Land Title Co
Martinez Ricardo M $60,000 Stewart Title
Home Svgs Of America Fsb $49,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzales David $421,000
Previous Owner Young Tony Tungshing $264,000
Previous Owner Montes Grace $260,000
Previous Owner Montes Grace $32,500
Previous Owner Nuno Kelly R $137,200
Previous Owner Flores Erick A $94,223
Previous Owner Curry Temple Community Development Corp $81,000
Previous Owner Delrio Felipe $114,518
Previous Owner Martinez Ricardo M $55,215
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2022 01/06/22 Sold $773,000 -0.8% $322 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $779,000 +179.2% $325 / Sq Ft
01/20/2012 01/20/12 Sold $279,000 -9.7% $116 / Sq Ft View Prior Sale
01/12/2012 01/12/12 Pending -- -- --
10/28/2011 10/28/11 For Sale $309,000 -- $129 / 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 $9,859 $820,313 $159,181 $661,132
2024 $9,859 $804,229 $156,060 $648,169
2023 $10,518 $788,460 $153,000 $635,460
2022 $3,062 $236,722 $49,711 $187,011
2021 $3,043 $232,080 $48,736 $183,344
2020 $3,063 $229,700 $48,236 $181,464
2019 $2,994 $225,196 $47,290 $177,906
2018 $2,908 $220,781 $46,363 $174,418
2017 $2,887 $216,452 $45,454 $170,998
2016 $2,855 $212,208 $44,563 $167,645
2015 $2,867 $209,021 $43,894 $165,127
2014 $2,701 $204,926 $43,034 $161,892
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21207454

California Regional Multiple Listing Service (CRMLS)

APN: 0130-102-26