NOT LISTED FOR SALE

163 W Cascade Dr Rialto, CA 92376

Estimated Value: $1,056,000 - $1,138,000

9 Beds
5 Baths
3,792 Sq Ft
$287/Sq Ft Est. Value

Last Sold March 08, 2017

Last sale price $559,888 $148 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $6,728/month

12 Days on Market

Highlights

  • Contemporary Architecture
  • Balcony
  • Laundry Room
  • Lawn
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2017

Large 4 Unit apartment building located at 163 W. Cascade in beautiful city of Rialto. Located on a quiet residential street among similar properties. The property consists of one - 3 Bed + 2 Bath Unit, and three - 2 Bed + 1 Bath Units. Ideally suited for first time investor or exchange buyer, this property provides strong cash flow. The building has newer windows and garage parking in the rear of the building. The units have been well maintained. There is a laundry room on the property and has central water heater. Located within walking distance of Rialto Shopping Center which hosts Walmart, 99 Cent Store and Bank of America. Located close to Eisenhower High School. Drive by only please - please do not disturb tenants.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 02/01/2017

Keller Williams Realty-Studio City

Last Buyer's Agent

Karen Yu

Mountain View Capital, Inc. License #01909924

Mountain View Capital, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,831

Year Built

  • Built in 1968

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture
  • Property Attached

Interior Spaces

  • 3,792 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 7082
  • Assessor Parcel Number 0127182160000

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,840
  • Insurance Expense $1,517
  • Pest Control $480
  • Trash Expense $1,920
  • Water Sewer Expense $4,994
  • New Taxes Expense $7,063
  • Operating Expense $19,914
  • Gross Income $53,700
  • Net Operating Income $32,175

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,831

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 141250
  • Property Attached: Yes
  • Water Sewer Expenses: 4994.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 0127182160000
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 147.65

Exterior Features

  • Pool Private: No
  • Roof: Other

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 480.00
  • Sewer: Other, Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lawn
  • Lot Size Sq Ft: 7405.00

Multi Family

  • Electric Expense: 3840.00
  • Gross Income: 53700.00
  • Gross Scheduled Income: 53400.00
  • Insurance Expense: 1517.00
  • Laundry Income: 300.00
  • Net Operating Income: 32175.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19914.00
  • Rent Control: No
  • Total Expenses: 19914.00
  • Vacancy Allowance: 1602
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7063.00
  • Tax Census Tract: 35.05
  • Tax Lot: 7
  • Tax Tract Number: 7082

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Feb 16, 2017
Sold by
Napiere Duong Do Dinh and Napiere Ballo Elline
Bought by
Hs Global Enterprise Llc
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
Karen Yu
Mountain View Capital, Inc.
List Price
$565,000
Sold Price
$559,888
Premium/Discount to List
-$5,112
-0.9%
Current Estimated Value
$1,115,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$555,122
Avg. Annual Appreciation
8.46%

Purchase Details

Closed on
Jun 1, 2015
Sold by
D35 Capital Llc
Bought by
Napiere Duong Do Dinh and Napiere Ballo Elline

Purchase Details

Closed on
Apr 24, 2012
Sold by
Duong Do and Ballo Elline
Bought by
D35 Capital Llc

Purchase Details

Closed on
Jun 24, 2011
Sold by
Jones Dennis and Jones Naomi
Bought by
Duong Do and Ballo Elline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2008
Sold by
Us Bank Na
Bought by
Jones Dennis and Jones Naomi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,400
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2008
Sold by
Kyles Ellis
Bought by
Us Bank Na and The Structured Asset Investment Loan Tru

Purchase Details

Closed on
Jan 18, 2008
Sold by
Kyles Ellis
Bought by
Kyles Ellis and Kyles Demetrice Monique

Purchase Details

Closed on
Jul 14, 2005
Sold by
Bynum Demetrice M and Kyles Ellis
Bought by
Kyles Ellis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,500
Interest Rate
8.25%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 28, 2004
Sold by
Kyles Ellis
Bought by
Bynum Demetrice M and Kyles Ellis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2004
Sold by
Smith Scott Roy and Smith Lucia L
Bought by
Kyles Ellis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2003
Sold by
Rietsch Kurt W and Rietsch Judy Ann
Bought by
Smith Scott Roy and Smith Lucia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
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
Hs Global Enterprise Llc $560,000 Ticor Title Company
Napiere Duong Do Dinh -- North American Title Co Inc
D35 Capital Llc -- None Available
Duong Do $269,500 Fidelity National Title
Jones Dennis $372,000 Stewart Title Co
Us Bank Na $579,000 Stewart Title Co
Kyles Ellis -- None Available
Kyles Ellis -- Fidelity Natl Tustin
Bynum Demetrice M -- --
Kyles Ellis -- Orange Coast Title Company
Kyles Ellis -- Orange Coast Title Company
Smith Scott Roy -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duong Do Dinh $308,750
Previous Owner Duong Do $194,250
Previous Owner Jones Dennis $260,400
Previous Owner Kyles Ellis $508,500
Previous Owner Kyles Ellis $408,000
Previous Owner Kyles Ellis $408,000
Previous Owner Smith Scott Roy $261,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2017 03/08/17 Sold $559,888 -0.9% $148 / Sq Ft
02/13/2017 02/13/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $565,000 -- $149 / 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 $7,831 $649,798 $133,467 $516,331
2024 $7,831 $637,057 $130,850 $506,207
2023 $11,309 $624,565 $128,284 $496,281
2022 $8,562 $612,319 $125,769 $486,550
2021 $9,898 $600,313 $123,303 $477,010
2020 $7,757 $594,158 $122,039 $472,119
2019 $7,580 $582,508 $119,646 $462,862
2018 $7,358 $571,086 $117,300 $453,786
2017 $3,853 $291,616 $46,754 $244,862
2016 $3,811 $285,898 $45,837 $240,061
2015 $3,827 $281,603 $45,148 $236,455
2014 $3,603 $276,087 $44,264 $231,823
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17021807

California Regional Multiple Listing Service (CRMLS)

APN: 0127-182-16