NOT LISTED FOR SALE

187 W 3rd St Rialto, CA 92376

Estimated Value: $664,000 - $892,000

2 Beds
1 Bath
2,040 Sq Ft
$369/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $405,000 $199 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,508/month

11 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Tile Flooring
  • Corner Lot
  • Laundry Room
  • 5-minute walk to Margaret Todd Park

About This Home

As of July 2018

3 UNITS OPPORTUNITY, RENTS ARE VERY LOW, ALL UNITS ARE 2 BEDROOMS ONE BATH AND ONE CAR DETACHED GARAGE FOR EACH UNIT. EXCELLENT RENTAL 2 BLOCKS FROM DOWN TOWN RIALTO; NEAR MARKETS, BUSS STOPS AND SCHOOLS FOR CHILDREN. PERFECT FOR INVESTOR TO RENT AND KEEP OR OWNER OCCUPY BUYERS.( SEE AGENT REMARKS FOR SHOWING)

Last Agent to Sell the Property

IGNACIO ALVAREZ

AMG REAL ESTATE License #00994444 Listed on: 05/25/2018

Last Buyer's Agent

IGNACIO ALVAREZ

AMG REAL ESTATE License #00994444 Listed on: 05/25/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,672

Year Built

  • Built in 1976

Lot Details

  • 7,000 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door

Home Design

  • Triplex
  • Asphalt Roof

Interior Spaces

  • 2,040 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 13
  • Tax Tract Number 37
  • Assessor Parcel Number 0130092120000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,440
  • Insurance Expense $900
  • Trash Expense $1,512
  • Water Sewer Expense $1,259
  • New Taxes Expense $4,200
  • Operating Expense $9,311
  • Gross Income $30,600
  • Net Operating Income $21,289

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,672

Year Built

Built in 1976

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained
  • Water Sewer Expenses: 1259.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 0130092120000
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 198.53
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1512.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7000.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Average3 Bed Area: 680 Square Feet
  • Gross Income: 30600.00
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 900.00
  • Net Operating Income: 21289.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9311.00
  • Rent Control: No
  • Total Expenses: 9311.00

Tax Info

  • New Taxes Expense: 4200.00
  • Tax Lot: 13
  • Tax Tract Number: 0037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2021
Sold by
Ali Asif R
Bought by
Ali Asif
Current Estimated Value
$753,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,200
Outstanding Balance
$308,009
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$445,391

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 6, 2018
Sold by
Lakhani Sehr
Bought by
Ali Asif R
Seller's Agent
IGNACIO ALVAREZ
AMG REAL ESTATE
Buyer's Agent
IGNACIO ALVAREZ
AMG REAL ESTATE
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$303,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 3, 2018
Sold by
Leon Artemio and Leon Felicita
Bought by
Ali Asif R
Seller's Agent
IGNACIO ALVAREZ
AMG REAL ESTATE
Buyer's Agent
IGNACIO ALVAREZ
AMG REAL ESTATE
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2015
Sold by
Figueroa Irma Maria
Bought by
Leon Artemio and Leon Felicitas

Purchase Details

Closed on
May 8, 2013
Sold by
Leon Artemio
Bought by
Figueroa Irma Maria

Purchase Details

Closed on
Jun 28, 2006
Sold by
Bolanos Luis D
Bought by
Figueroa Irma Maria and Leon Artemio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 16, 2005
Sold by
Rodriguez Jesus Rodriguez
Bought by
Bolanos Luis D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2001
Sold by
Jimenez Manuel and Jimenez Maria Guadalupe
Bought by
Rodriguez Jesus Rodriguez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,817
Interest Rate
6.91%
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
Ali Asif -- Pacific Coast Title Company
Ali Asif -- Pacific Coast Title Company
Ali Asif R -- Provident Title Company
Ali Asif R $405,000 Provident Title Company
Leon Artemio -- None Available
Figueroa Irma Maria -- Stewart Title
Figueroa Irma Maria $445,000 Stewart Title
Bolanos Luis D $360,000 Stewart Title Company
Rodriguez Jesus Rodriguez $150,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ali Asif $340,200
Closed Ali Asif R $303,750
Previous Owner Figueroa Irma Maria $333,750
Previous Owner Bolanos Luis D $342,000
Previous Owner Rodriguez Jesus Rodriguez $151,817
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2018 07/11/18 Sold $405,000 -1.2% $199 / Sq Ft
06/05/2018 06/05/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $410,000 -- $201 / 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 $6,672 $451,783 $111,551 $340,232
2024 $6,672 $442,925 $109,364 $333,561
2023 $7,035 $434,241 $107,220 $327,021
2022 $6,509 $425,727 $105,118 $320,609
2021 $6,475 $417,380 $103,057 $314,323
2020 $6,480 $413,100 $102,000 $311,100
2019 $6,357 $405,000 $100,000 $305,000
2018 $4,603 $356,100 $80,400 $275,700
2017 $4,340 $331,300 $74,800 $256,500
2016 $3,814 $288,000 $65,000 $223,000
2015 $3,967 $294,000 $60,000 $234,000
2014 $3,806 $294,000 $60,000 $234,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18124448

California Regional Multiple Listing Service (CRMLS)

APN: 0130-092-12