NOT LISTED FOR SALE

Estimated Value: $1,148,645 - $1,443,000

9 Beds
8 Baths
4,800 Sq Ft
$261/Sq Ft Est. Value

Last Sold April 12, 2016

Last sale price $610,000 $127 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $7,321/month

52 Days on Market

About This Home

As of April 2016

Great 4 plex with lots of opportunity! Close to UCR. Exterior paint and new asphalt just completed last week. 2 units have been completed rehabbed with new granite kitchen counter tops, new cabinetry, new appliances, new bathroom vanities, and paint. Front unit is 3 bedrooms (could be 4) and 2 bathrooms. The back 3 units are all 2 bedroom 2 bathroom units. Covered carport with 4 spaces plus additional parking in the back. Laundry room in building provides extra income. All units rented.

Last Agent to Sell the Property

Dave Clark

Keller Williams Realty License #01068074 Listed on: 01/25/2016

Keller Williams Realty

Last Buyer's Agent

Trung Phan

Trung Phan, Broker License #01388122

Trung Phan, Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,909

Year Built

  • Built in 1970

Lot Details

  • 7,621 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 221171012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $830
  • Gardener Expense $660
  • Insurance Expense $930
  • Trash Expense $1,251
  • Water Sewer Expense $250
  • New Taxes Expense $6,000
  • Gross Income $4,150
  • Net Operating Income $43,549

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,909

Year Built

Built in 1970

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 250.00
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 221171012
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 127.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1251.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7621.00
  • Price Per Lot Square Foot: 80.04
  • Lot Size Acres: 0.1750

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 830.00
  • Gross Income: 4150.00
  • Gross Scheduled Income: 48420.00
  • Insurance Expense: 930.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7621.0000 Square Feet
  • Net Operating Income: 43549.00
  • 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
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 4871.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2024
Sold by
Chen Bailey and Chen Elaine
Bought by
Bailey And Elaine Chen Revocable Living Trust and Chen
Current Estimated Value
$1,250,411

Purchase Details

Listed on
Jan 25, 2016
Closed on
Mar 11, 2016
Sold by
Alexander David O and Clark Andrew
Bought by
Chen Bailey and Chen Elaine
Seller's Agent
Dave Clark
Keller Williams Realty
Buyer's Agent
Trung Phan
Trung Phan, Broker
List Price
$599,900
Sold Price
$610,000
Premium/Discount to List
$10,100
1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$340,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Listed on
May 2, 2012
Closed on
Jul 5, 2012
Sold by
Alexander David O and Alexander Susan A
Bought by
Alexander David O and Clark Andrew
Seller's Agent
Scott Barnhart
Scott Barnhart ,Broker
Buyer's Agent
Andy Clark
Keller Williams Realty
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.58%
Original Mortgage
$300,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Listed on
May 2, 2012
Closed on
May 9, 2012
Sold by
Nelms Jonothan
Bought by
Alexnader David O and Alexander Susan A
Seller's Agent
Scott Barnhart
Scott Barnhart ,Broker
Buyer's Agent
Andy Clark
Keller Williams Realty
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2011
Sold by
Barnhart Scott
Bought by
Nelms Jonothan

Purchase Details

Closed on
Dec 27, 2001
Sold by
The Win Project
Bought by
Barnhart Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,214
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 2000
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Jul 19, 2000
Sold by
Rodriguez Gloria R
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Nov 10, 1997
Sold by
Hermann Steven T
Bought by
Rodriguez Gloria Rivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,839
Interest Rate
7.16%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 1997
Sold by
State Street Bank & Trust Company
Bought by
Hermann Steven T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
7.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 1996
Sold by
Angel Cazares and Angel Antonia Cazares
Bought by
State Street Bank & Trust Company
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
Bailey And Elaine Chen Revocable Living Trust -- None Listed On Document
Chen Bailey $610,000 First American Title
Alexander David O -- None Available
Clark Andrew -- None Available
Alexnader David O $400,000 Lawyers Title Company
Nelms Jonothan $250,000 Lawyers Title Company
Barnhart Scott $245,000 Orange Coast Title
Hud $231,123 Fidelity Title
Homeside Lending Inc $231,123 Fidelity National Title
Rodriguez Gloria Rivas $218,000 Lawyers Title Company
Hermann Steven T $90,000 Old Republic Title Company
State Street Bank & Trust Company $146,568 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Bailey $340,000
Previous Owner Alexnader David O $300,000
Previous Owner Barnhart Scott $150,000
Previous Owner Barnhart Scott $243,924
Previous Owner Barnhart Scott $241,402
Previous Owner Barnhart Scott $241,756
Previous Owner Barnhart Scott $241,214
Previous Owner Rodriguez Gloria Rivas $210,839
Previous Owner Hermann Steven T $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2016 04/12/16 Sold $610,000 +1.7% $127 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $599,900 +50.0% $125 / Sq Ft
06/08/2012 06/08/12 Sold $400,000 +3.9% $83 / Sq Ft
05/07/2012 05/07/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $385,000 -- $80 / 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 $7,909 $722,111 $118,377 $603,734
2023 $7,909 $694,073 $113,781 $580,292
2022 $7,731 $680,464 $111,550 $568,914
2021 $7,620 $667,122 $109,363 $557,759
2020 $7,563 $660,282 $108,242 $552,040
2019 $7,422 $647,336 $106,120 $541,216
2018 $7,278 $634,644 $104,040 $530,604
2017 $7,150 $622,200 $102,000 $520,200
2016 $4,711 $424,412 $90,186 $334,226
2015 $4,865 $418,038 $88,832 $329,206
2014 $4,602 $409,851 $87,093 $322,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16015796

California Regional Multiple Listing Service (CRMLS)

APN: 221-171-012