NOT LISTED FOR SALE

Estimated Value: $1,375,000 - $1,892,386

9 Beds
8 Baths
4,336 Sq Ft
$357/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $1,300,000 $300 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $10,696/month

8 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 2-minute walk to La Verne Sports Park
  • J. Marion Roynon Elementary School Rated A-

About This Home

As of January 2020

Welcome to the best investment property on the market! Extremely well maintained, freshly remodeled and in the heart of La Verne with great rental income!! This property consists of 4 total units, 3 units being 2 bedrooms 2 bathrooms and 1 unit is 3 bedrooms 2 bathrooms. Recent upgrades include two brand new remodeled Units with kitchens and bathrooms, brand new roof on both the 5 single car garages as well as the main building itself. The entire building has new copper plumbing throughout, new windows and sliders, drought tolerant landscaping, fresh exterior paint, and new garage doors! This is an extremely rare investment property, ready to go, for years and years to come!

Last Agent to Sell the Property

Steve Mollard

RE/MAX INNOVATIONS License #01963297 Listed on: 01/05/2020

RE/MAX INNOVATIONS

Last Buyer's Agent

Peter Iskander

A + Realty & Mortgage License #01492069

A + Realty & Mortgage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,715

Year Built

  • Built in 1965

Lot Details

  • 7,549 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,336 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Private Water Source
  • Sewer on Bond
  • Private Sewer

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 28559
  • Assessor Parcel Number 8375002026

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $318
  • Fuel Expense $263
  • Insurance Expense $1,782
  • Trash Expense $1,624
  • Water Sewer Expense $2,680
  • New Taxes Expense $16,656
  • Operating Expense $23,323
  • Gross Income $83,138
  • Net Operating Income $59,815

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,715

Year Built

Built in 1965

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2680.00
  • Zoning: LVPR15A*
  • Property Type: Residential Income
  • Parcel Number: 8375002026
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 299.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Sewer: Private Sewer, Sewer On Bond
  • Trash Expense: 1624.00
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7549.00
  • Lot Size Acres: 0.1733

Rental Info

  • Tenant Pays: Other

Multi Family

  • Electric Expense: 318.00
  • Fuel Expense: 263.00
  • Gross Income: 83138.00
  • Gross Scheduled Income: 83138.00
  • Insurance Expense: 1782.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2038.00
  • Lot Size Area: 7549.0000 Square Feet
  • Net Operating Income: 59815.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23323.00
  • Rent Control: No
  • Total Actual Rent: 6675.00
  • Total Expenses: 23323.00

Tax Info

  • New Taxes Expense: 16656.00
  • Tax Census Tract: 4016.02
  • Tax Lot: 29
  • Tax Tract Number: 28559

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2020
Closed on
Jan 28, 2020
Sold by
Peterson Lin C and Peterson Susan K
Bought by
Marcos Mona and The Mona Marcoss Separaty Prop
Seller's Agent
Steve Mollard
RE/MAX INNOVATIONS
Buyer's Agent
Peter Iskander
A + Realty & Mortgage
List Price
$1,388,000
Sold Price
$1,300,000
Premium/Discount to List
-$88,000
-6.34%
Current Estimated Value
$1,684,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,337
Avg. Annual Appreciation
3.95%

Purchase Details

Closed on
Apr 13, 2009
Sold by
Peterson Lin C and Peterson Susan K
Bought by
Peterson Lin C

Purchase Details

Closed on
Jan 28, 2002
Sold by
Fournier Marc
Bought by
Peterson Lin C

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
6.8%
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
Marcos Mona $1,300,000 Chicago Title
Peterson Lin C -- None Available
Peterson Lin C $348,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Lin C $100,000
Previous Owner Peterson Lin C $263,000
Previous Owner Peterson Lin C $261,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $1,300,000 -6.3% $300 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
01/05/2020 01/05/20 For Sale $1,388,000 -- $320 / 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 $16,715 $1,421,737 $628,845 $792,892
2024 $16,715 $1,393,861 $616,515 $777,346
2023 $16,346 $1,366,531 $604,427 $762,104
2022 $16,081 $1,339,737 $592,576 $747,161
2021 $15,776 $1,313,468 $580,957 $732,511
2020 $6,310 $470,062 $166,140 $303,922
2019 $6,272 $460,846 $162,883 $297,963
2018 $5,907 $451,811 $159,690 $292,121
2016 $5,657 $434,269 $153,490 $280,779
2015 $5,569 $427,747 $151,185 $276,562
2014 $5,533 $419,369 $148,224 $271,145
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20002628

California Regional Multiple Listing Service (CRMLS)

APN: 8375-002-026