NOT LISTED FOR SALE

177 E Jackson St Rialto, CA 92376

Estimated Value: $764,000 - $1,201,000

13 Beds
8 Baths
9,004 Sq Ft
$116/Sq Ft Est. Value

Last Sold May 19, 2017

Last sale price $1,180,000 $131 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,580/month

60 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Air
  • Laundry Room

About This Home

As of May 2017

The subject property is a 8 unit multi-family property located at 165 & 177 East Jackson Street in the city of Rialto, California. It can be separated or purchased together as a portfolio. Built in 1978, this two story property is situated on a 1,4810 ssquare feet lot and has 8,884 rentable square feet. The property is comprised of four buildings with 8 spacious units. Both of the 3/2 and 2/1.5 units are townhouse style with private enclosed patios. There is one 2/1 unit above the garage. The building offers 8 one car garage with 6 open parking space and plenty of street parking for tenants. All units are individually metered for gas and electricity. Each unit is equipped with central A/C and heat, newer windows, ample closet storage, electric stove range, dishwasher and tile flooring in select units.
The building is conveniently located within a short drive from Interstate 210, 215, 10, 15 and Rialto Metrolink Station. Tenants enjoy close proximity to Eisenhower High School as well as many local restaurants and shops along Baseline Road. Baseline Road is approximately 0.6 miles away from the subject property and has a traffic count of over 53,022 cars per day. Within a short 15 minute walk tenants have access to Superior Market, Wal-Mart Neighborhood Market, Stater Brothers Market, 99 Cent Store, Subway, Sizzler, Walgreens, Dollar Tree, Big Lots, Bank of America and McDonald's.

Last Agent to Sell the Property

David Lin

MARCUS & MILLICHAP License #01894476 Listed on: 02/21/2017

Last Buyer's Agent

LOUIE FUNG

VP FINANCIAL & INVESTMENT

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $18,141

Year Built

  • Built in 1978

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre
  • 0127321260000

Parking

  • 6 Open Parking Spaces
  • 8 Car Garage

Interior Spaces

  • 9,004 Sq Ft Home
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 7601
  • Assessor Parcel Number 0127321270000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units
  • Valley

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $996
  • Gardener Expense $1,440
  • Insurance Expense $2,666
  • Maintenance Expense $2,770
  • Supplies Expense $1,000
  • Trash Expense $2,400
  • Water Sewer Expense $8,955
  • New Taxes Expense $18,141
  • Operating Expense $40,768
  • Gross Income $3,000
  • Net Operating Income $51,569

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$18,141

Year Built

Built in 1978

Lot Details

0

Parking

8

Listing Details

  • CapRate: 4.37
  • Property Attached: Yes
  • Supplies Expense: 1000.00
  • Water Sewer Expenses: 8955.00
  • Property Sub Type: Townhouse
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 0127321270000
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Levels: Two
  • Price Per Square Foot: 131.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 0127321260000
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 14810.00

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Average3 Bed Area: 1352 Square Feet
  • Electric Expense: 996.00
  • Gross Income: 3000.00
  • Gross Multiplier: 12.81
  • Gross Operating Income: 95100.00
  • Gross Scheduled Income: 92100.00
  • Insurance Expense: 2666.00
  • Laundry Income: 3000.00
  • Maintenance Expense: 2770.00
  • Net Operating Income: 51569.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 40768.00
  • Rent Control: No
  • Total Actual Rent: 7675.00
  • Total Expenses: 40768.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18141.00
  • Tax Lot: 27
  • Tax Tract Number: 7601
  • Tax Annual Amount: 18141.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2017
Closed on
May 5, 2017
Sold by
Jaa Investments Llc
Bought by
Lau Alfred Chi Ming and Leung Lau Kit Ching
Seller's Agent
David Lin
MARCUS & MILLICHAP
Buyer's Agent
LOUIE FUNG
VP FINANCIAL & INVESTMENT
List Price
$1,180,000
Sold Price
$1,180,000
Current Estimated Value
$1,124,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,240
Avg. Annual Appreciation
-1.45%
Original Mortgage
$413,000
Outstanding Balance
$343,460
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$697,043

Purchase Details

Closed on
Jan 12, 2015
Sold by
Jrm Holdings Llc
Bought by
Jaa Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 11, 2010
Sold by
Haygood John
Bought by
Jrm Holdings Llc

Purchase Details

Closed on
Jun 4, 2009
Sold by
Haygood Mclissa
Bought by
Haygood John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,340
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2009
Sold by
Beatty Eric P
Bought by
Haygood John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,340
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2007
Sold by
Guerrero Margarita
Bought by
Option One Mortgage

Purchase Details

Closed on
May 4, 2007
Sold by
Llerandi Jose A
Bought by
Guerrero Margarita

Purchase Details

Closed on
Jan 24, 2007
Sold by
Guerrero Margarita
Bought by
Lierandi Jose A

Purchase Details

Closed on
May 31, 2006
Sold by
Castelan Seferino
Bought by
Guerrero Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,100
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2006
Sold by
Jackson Street Trust #177
Bought by
Guerrero Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,100
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2002
Sold by
Lakees Robert A
Bought by
Jackson Street Trust #177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,300
Interest Rate
6.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 23, 1994
Sold by
George Lakees Robert A and George Ruben Rubino
Bought by
Lakees Robert A

Purchase Details

Closed on
Feb 4, 1994
Sold by
Summers Brothers
Bought by
George Lakees Robert A and George Ruben Rubino
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lau Alfred Chi Ming $590,000 Title 365
Jaa Investments Llc $500,000 First American Title Company
Jrm Holdings Llc -- None Available
Haygood John -- Priority Title Company
Haygood John $376,500 Priority Title Company
Option One Mortgage -- None Available
Guerrero Margarita -- Financial Title Company
Lierandi Jose A -- Commerce Title Company
Guerrero Margarita -- Chicago Title Company
Guerrero Margarita $629,000 Chicago Title Company
Jackson Street Trust #177 -- Chicago Title
Lakees Robert A -- --
Lakees Robert A -- --
George Lakees Robert A -- Chicago Title Co
George Lakees Robert A -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Alfred Chi Ming $413,000
Previous Owner Jaa Investments Llc $175,000
Previous Owner Haygood John $263,340
Previous Owner Guerrero Margarita $566,100
Previous Owner Jackson Street Trust #177 $4,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2017 05/19/17 Sold $1,180,000 0.0% $131 / Sq Ft
04/22/2017 04/22/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $1,180,000 -- $131 / 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 $8,247 $684,746 $139,270 $545,476
2024 $8,247 $671,319 $136,539 $534,780
2023 $8,797 $658,156 $133,862 $524,294
2022 $8,167 $645,251 $131,237 $514,014
2021 $8,115 $632,599 $128,664 $503,935
2020 $8,169 $626,113 $127,345 $498,768
2019 $7,982 $613,836 $124,848 $488,988
2018 $7,748 $601,800 $122,400 $479,400
2017 $6,761 $517,778 $103,556 $414,222
2016 $6,686 $507,625 $101,525 $406,100
2015 $4,896 $362,441 $58,630 $303,811
2014 $4,607 $355,342 $57,482 $297,860
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    David Lin

    MARCUS & MILLICHAP

    Section Image

  • L

    Buyer's Agent in 2017

    LOUIE FUNG

    VP FINANCIAL & INVESTMENT

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17035885

California Regional Multiple Listing Service (CRMLS)

APN: 0127-321-27

California San Bernardino County Rialto 92376

177 E Jackson St, Rialto, CA

Not Listed for Sale

Townhouses

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