NOT LISTED FOR SALE

Estimated Value: $1,186,000 - $1,638,762

9 Beds
8 Baths
4,336 Sq Ft
$322/Sq Ft Est. Value

Last Sold March 23, 2015

Last sale price $880,000 $203 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $8,922/month

5 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • J. Marion Roynon Elementary School Rated A-
  • Laundry Room
  • 2-minute walk to La Verne Sports Park

About This Home

As of March 2015

Nice fourplex located in beautiful city of La Verne, just south of Foothill Blvd. Building consists of one unit of 3 bedrooms/2 baths and three units of 2 bedrooms/2baths. Some units are upgraded with kitchen granite countertops and new floorings. There is a common laundry room for tenants use. Carports on rear. Property is located in ideal location, within walking distance to schools, library, parks, and shopping; close to downtown and University of La Verne. Excellent value at $203/sf! Property is currently 100% occupied and offers a great upside in potential rent. Drive by only. Please do not disturb occupants.

Last Agent to Sell the Property

Johannes Lim

Lim Real Estate Company License #01887574 Listed on: 01/31/2015

Co-Listed By

Tom Johnson

CORNERSTONE PROP MANG & INVEST License #00622324

Last Buyer's Agent

Jonathan Pearson

Redfin Corporation License #01494751

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,712

Year Built

  • Built in 1965

Lot Details

  • 8,228 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System

Home Design

  • Property Attached
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,336 Sq Ft Home
  • Ceiling Fan
  • Window Screens
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Primary Bedroom on Main
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • 6 Detached Carport Spaces
  • Parking Available

Utilities

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

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5
  • Tax Tract Number 28559
  • Assessor Parcel Number 8375031005

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,241
  • Trash Expense $1,719
  • Water Sewer Expense $1,730
  • New Taxes Expense $8,730
  • Gross Income $4,670
  • Net Operating Income $40,458

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,712

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1730.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 8375031005
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 202.95
  • Room Type: Entry, Living Room, Main Floor Master Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Water Heater Central
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1719.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 8228.00
  • Lot Size Acres: 0.1890

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4670.00
  • Gross Scheduled Income: 56040.00
  • Insurance Expense: 1241.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8228.0000 Square Feet
  • Net Operating Income: 40458.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 15582.00
  • Rent Control: No
  • Total Actual Rent: 4670.00

Tax Info

  • New Taxes Expense: 8730.00
  • Tax Lot: 5
  • Tax Tract Number: 28559
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2015
Closed on
Feb 20, 2015
Sold by
Lim Johannes Magnus
Bought by
Daugherty Sean C and Daugherty Iliana
Seller's Agent
Johannes Lim
Lim Real Estate Company
Buyer's Agent
Jonathan Pearson
Redfin Corporation
List Price
$880,000
Sold Price
$880,000
Current Estimated Value
$1,443,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,175
Avg. Annual Appreciation
4.52%
Original Mortgage
$610,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2009
Sold by
Ruzgerian Harry M and Ruzgerian Mary J
Bought by
Lim Johannes Magnus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
5.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2003
Sold by
Short Richard D and Short Kathleen J
Bought by
Ruzgerian Harry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
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
Daugherty Sean C $880,000 Title 365 Company
Lim Johannes Magnus $670,000 Lawyers Title
Ruzgerian Harry M $537,500 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daugherty Sean C $712,500
Closed Daugherty Sean C $720,000
Closed Daugherty Sean C $610,000
Previous Owner Lim Johannes Magnus $402,000
Previous Owner Ruzgerian Harry M $403,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2015 03/23/15 Sold $880,000 0.0% $203 / Sq Ft
02/05/2015 02/05/15 Pending -- -- --
01/31/2015 01/31/15 For Sale $880,000 -- $203 / 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 $12,712 $1,057,621 $480,737 $576,884
2024 $12,712 $1,036,884 $471,311 $565,573
2023 $12,434 $1,016,554 $462,070 $554,484
2022 $12,230 $996,622 $453,010 $543,612
2021 $11,990 $977,081 $444,128 $532,953
2019 $11,755 $948,103 $430,956 $517,147
2018 $11,195 $929,513 $422,506 $507,007
2016 $10,765 $893,420 $406,100 $487,320
2015 $8,809 $719,597 $429,611 $289,986
2014 $8,730 $705,502 $421,196 $284,306
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15021833

California Regional Multiple Listing Service (CRMLS)

APN: 8375-031-005