NOT LISTED FOR SALE

Estimated Value: $1,226,000 - $1,587,430

5 Beds
4 Baths
4,336 Sq Ft
$333/Sq Ft Est. Value

Last Sold August 12, 2016

Last sale price $975,500 $225 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $9,152/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Double Pane Windows
  • J. Marion Roynon Elementary School Rated A-
  • Private Yard
  • 2-minute walk to La Verne Sports Park

About This Home

As of August 2016

Nice opportunity for an investment in the sought after city of La Verne. A family style community with a rural atmosphere. This 4 plex is nicely maintained with a newer central gas water heater, wood laminate flooring in some units, some newer dual pane windows. The front unit is a 3 bed 2 bath one story with a fireplace and central air/heat. There is a 2 bed 2 bath upper unit above, another 2 bed 2 bath upstairs over the 5 carports and one car detached garage, and an additional 2 bed 2 bath downstairs unit behind the 3 bedroom unit. Community laundry is coin operated and in the building- with downstairs access. The laundry brings in appx. $100-$125 per month income. Individual electric meters for each unit. There are a total of 6 parking spots- 5 solid covered carports and a one car detached garage. The parking spots across the alley (N. side) are not included and owned by a different individual. Guaranteed income with current section 8 tenants in some of the units. Fully occupied! Ideally situated: Walk to Bonita High School, In n Out Burger, shops and restaurants along Foothill Bl, bus stops, University of La Verne, and Down Town La Verne!

Last Agent to Sell the Property

Ty Courtney Wallace

Coldwell Banker Tri-Counties R License #01016494 Listed on: 06/08/2016

Coldwell Banker Tri-Counties R

Last Buyer's Agent

Ty Courtney Wallace

Coldwell Banker Tri-Counties R License #01016494 Listed on: 06/08/2016

Coldwell Banker Tri-Counties R

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,518

Year Built

  • Built in 1965

Lot Details

  • 8,288 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • South Facing Home
  • Fence is in fair condition
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Private Yard
  • Lawn

Parking

  • 1 Car Garage
  • 5 Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,336 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Central Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 8375031006

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Trash Expense $1,716
  • Water Sewer Expense $2,700
  • Gross Income $5,878
  • Net Operating Income $5,173

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,518

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained, Paved
  • Water Sewer Expenses: 2700.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 8375031006
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Wood Burning
  • Levels: Two
  • Price Per Square Foot: 224.98
  • Room Type: Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Asphalt, Garage Faces Front, Garage, Garage - Single Door
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Cooktop, Water Heater Central, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Hookup, Washer Included
  • Sewer: Sewer Paid
  • Trash Expense: 1716.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters

Lot Info

  • Land Lease: No
  • Lot Features: Corners Marked, Lawn, Landscaped, Rectangular Lot, Level with Street, Yard
  • Lot Size Sq Ft: 8288.00
  • Price Per Lot Square Foot: 117.70

Multi Family

  • Average Studio Area: 1100
  • Electric Expense: 240.00
  • Gross Income: 5878.00
  • Gross Scheduled Income: 5878.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 5173.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 705.00
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2016
Closed on
Aug 9, 2016
Sold by
Soliman Ashraf
Bought by
Lu Wange and Dang Wei
Seller's Agent
Ty Courtney Wallace
Coldwell Banker Tri-Counties R
Buyer's Agent
Ty Courtney Wallace
Coldwell Banker Tri-Counties R
List Price
$988,000
Sold Price
$975,500
Premium/Discount to List
-$12,500
-1.27%
Current Estimated Value
$1,472,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,349
Avg. Annual Appreciation
4.44%
Original Mortgage
$731,600
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2015
Sold by
Nakhla Nargus
Bought by
Soliman Ashraf and Soliman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2006
Sold by
Nakia Nargus
Bought by
Nakhla Nargus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2003
Sold by
Short Richard D and Short Kathleen J
Bought by
Abernathy Brian T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,500
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lu Wange $975,000 Chicago Title Company
Soliman Ashraf -- Fidelity National Title
Nakhla Nargus -- Fidelity National Title Co
Nakhla Nargus -- Fidelity National Title Co
Nakhla Nargus $900,000 Fidelity National Title Co
Abernathy Brian T $542,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Wange $684,000
Closed Lu Wange $690,000
Closed Lu Wange $731,600
Previous Owner Soliman Ashraf $529,000
Previous Owner Nakhla Nargus $720,000
Previous Owner Nakhla Nargus $90,000
Previous Owner Abernathy Brian T $550,000
Previous Owner Abernathy Brian T $406,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2016 08/12/16 Sold $975,500 -1.3% $225 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
06/08/2016 06/08/16 For Sale $988,000 -- $228 / 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 $13,518 $1,131,567 $580,292 $551,275
2024 $13,518 $1,109,380 $568,914 $540,466
2023 $13,221 $1,087,628 $557,759 $529,869
2022 $13,005 $1,066,303 $546,823 $519,480
2021 $12,752 $1,045,396 $536,101 $509,295
2019 $12,501 $1,014,590 $520,200 $494,390
2018 $11,916 $994,700 $510,000 $484,700
2016 $11,063 $920,000 $430,900 $489,100
2015 $11,035 $920,000 $430,900 $489,100
2014 -- $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: TR16123292

California Regional Multiple Listing Service (CRMLS)

APN: 8375-031-006