NOT LISTED FOR SALE

Estimated Value: $1,364,000 - $1,740,512

9 Beds
8 Baths
4,336 Sq Ft
$347/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $1,185,000 $273 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,513/month

24 Days on Market

Highlights

  • Property is near a park
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • J. Marion Roynon Elementary School Rated A-
  • Neighborhood Views
  • 2-minute walk to La Verne Sports Park

About This Home

As of June 2018

Awesome investment opportunity in the great city of La Verne! Directly across the street from Bonita High School. Long term tenants and currently fully occupied. Great curb appeal. Seller takes pride in keeping the building looking its best with beautifully manicured lawn and the landscape is impeccable. The 4 units consist of (1) 3 bed/2 bath and (3) 2 bed/2 bath. The complex also has 5 detached car garages. Located in close proximity to the University of La Verne, restaurants, parks, shopping & 210 Freeway. ** DRIVE BY ONLY - PLEASE DO NOT DISTURB THE TENANTS **

Last Agent to Sell the Property

EMMA MEDINA

COLDWELL BANKER BLACKSTONE RTY License #01776759 Listed on: 04/07/2018

COLDWELL BANKER BLACKSTONE RTY

Last Buyer's Agent

Rod Vargas

Tierra Properties License #01792503

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,884

Year Built

  • Built in 1965

Lot Details

  • 8,280 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Lawn
  • Back and Front Yard

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Shake Roof
  • Wood Roof
  • Stucco

Interior Spaces

  • 4,336 Sq Ft Home
  • Neighborhood Views

Kitchen

  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Central Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 28559
  • Assessor Parcel Number 8375031008

Community Details

Overview

  • 4 Units
  • Greenbelt

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Fuel Expense $1,740
  • Gardener Expense $840
  • Insurance Expense $1,800
  • Trash Expense $876
  • Water Sewer Expense $1,920
  • New Taxes Expense $11,989
  • Operating Expense $19,705
  • Gross Income $64,200
  • Net Operating Income $45,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,884

Year Built

Built in 1965

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1920.00
  • Zoning: LVPR15A*
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8375031008
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 273.29

Exterior Features

  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Pool Private: No
  • Roof: Shake, Wood
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Range Hood, Water Heater Central
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 876.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Greenbelt, Landscaped, Lawn, Level with Street, Lot 6500-9999, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 8280.00

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1336 Square Feet
  • Electric Expense: 540.00
  • Fuel Expense: 1740.00
  • Gross Income: 64200.00
  • Gross Scheduled Income: 64200.00
  • Insurance Expense: 1800.00
  • Laundry Income: 950.00
  • Net Operating Income: 45445.00
  • 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: 19705.00
  • Rent Control: No
  • Total Actual Rent: 64200.00
  • Total Expenses: 19705.00

Tax Info

  • New Taxes Expense: 11989.00
  • Tax Census Tract: 4016.02
  • Tax Lot: 8
  • Tax Tract Number: 28559

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2018
Closed on
May 8, 2018
Sold by
Gutierrez Rosario Perez
Bought by
Vargas Irma R
Seller's Agent
EMMA MEDINA
COLDWELL BANKER BLACKSTONE RTY
Buyer's Agent
Rod Vargas
Tierra Properties
List Price
$1,300,000
Sold Price
$1,185,000
Premium/Discount to List
-$115,000
-8.85%
Current Estimated Value
$1,505,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,878
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
May 6, 2014
Sold by
Gutierrez Rosario Perez
Bought by
Gutierrez Rosario Perez and The Rosario Perez Gutierrez Separate Pro

Purchase Details

Closed on
Sep 16, 2005
Sold by
Moore Michael L and Moore Katherine
Bought by
Gutierrez Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 9, 2005
Sold by
Moore Michael L and Moore Katherine
Bought by
Moore Michael L

Purchase Details

Closed on
Feb 14, 2002
Sold by
Davis Sylvia M
Bought by
Davis Bryan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.08%
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
Vargas Irma R $1,185,000 Orange Coast Title Co
Gutierrez Rosario Perez -- None Available
Gutierrez Rosario $950,000 --
Moore Michael L -- --
Davis Bryan K -- Southland Title Corporation
Moore Michael L $355,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Rosario $220,000
Previous Owner Moore Michael L $200,000
Previous Owner Moore Michael L $287,000
Previous Owner Moore Michael L $284,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $1,185,000 -3.7% $273 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/25/2018 04/25/18 Price Changed $1,230,000 -5.4% $284 / Sq Ft
04/25/2018 04/25/18 For Sale $1,300,000 0.0% $300 / Sq Ft
04/24/2018 04/24/18 Pending -- -- --
04/07/2018 04/07/18 For Sale $1,300,000 -- $300 / 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 $15,884 $1,348,323 $625,804 $722,519
2024 $15,884 $1,321,886 $613,534 $708,352
2023 $15,533 $1,295,967 $601,504 $694,463
2022 $15,281 $1,270,557 $589,710 $680,847
2021 $14,989 $1,245,646 $578,148 $667,498
2019 $14,694 $1,208,700 $561,000 $647,700
2018 $12,905 $1,084,000 $507,700 $576,300
2016 $11,061 $920,000 $430,900 $489,100
2015 $11,033 $920,000 $430,900 $489,100
2014 $9,339 $760,000 $356,000 $404,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18080605

California Regional Multiple Listing Service (CRMLS)

APN: 8375-031-008