NOT LISTED FOR SALE

Estimated Value: $1,386,000 - $1,754,000

8 Beds
4 Baths
3,000 Sq Ft
$526/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $1,550,000 $517 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,772/month

33 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • Double Pane Windows
  • J. Marion Roynon Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Laundry Room

About This Home

As of October 2023

Wonderful opportunity to purchase a well maintained 4 plex in downtown Lordsburg area of La Verne. The property is in close proximity to University of La Verne and downtown. The property features all 2 bedroom / 1 bath units with large kitchen area and living room. Bedrooms feature large closet and floor area. Each unit has central HVAC, newer vinyl windows, and individual laundry hook ups. The newer roof was installed in 2018 along with new front doors and interior doors have been. All units are separately metered for gas and electricity. Potential room for ADU

Last Agent to Sell the Property

Michael Cirrito

Home Free Realty Listed on: 08/15/2023

Last Buyer's Agent

Peggy Aldinger

Pacific Cove Realty and Loan License #01495022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 6,483 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Apartment
  • Entry on the 2nd floor
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Plaster
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Family Room
  • Mountain Views
  • Gas Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 18 / 72
  • Assessor Parcel Number 8377021021
  • $997 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $125
  • Fuel Expense $80
  • Gardener Expense $1,440
  • Insurance Expense $2,016
  • Maintenance Expense $6,000
  • Professional Management Expense $3,600
  • Supplies Expense $200
  • Trash Expense $2,329
  • Water Sewer Expense $2,234
  • New Taxes Expense $18,600
  • Operating Expense $36,624
  • Gross Income $95,924
  • Net Operating Income $59,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1963 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: 200.00
  • View: Yes
  • Water Sewer Expenses: 2234.00
  • Zoning: LVPR15A*
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 8377021021
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 516.67
  • Room Type: Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Plaster, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 2329.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Level, Walkstreet
  • Lot Size Sq Ft: 6483.00
  • Lot Size Acres: 0.1488

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 125.00
  • Fuel Expense: 80.00
  • Gross Income: 95924.00
  • Gross Operating Income: 93047.00
  • Gross Scheduled Income: 95924.00
  • Insurance Expense: 2016.00
  • Lot Size Area: 6483.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 59300.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 36624.00
  • Rent Control: No
  • Total Expenses: 36624.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18600.00
  • Tax Block: 72
  • Tax Census Tract: 4015.00
  • Tax Lot: 18
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 997.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 20, 2023
Sold by
Seidner Properties Lp
Bought by
Hsiuchu Chen Hou Family Trust and Hou
Seller's Agent
Michael Cirrito
Home Free Realty
Buyer's Agent
Peggy Aldinger
Pacific Cove Realty and Loan
List Price
$1,550,000
Sold Price
$1,550,000
Views
23
Current Estimated Value
$1,576,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,846
Avg. Annual Appreciation
0.77%

Purchase Details

Closed on
Mar 23, 2018
Sold by
Castanon David A
Bought by
Castanon Kathy Lynn and Castanon Jeremy Michael

Purchase Details

Closed on
Feb 15, 2002
Sold by
Long George Edwin
Bought by
Long George E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hsiuchu Chen Hou Family Trust $1,550,000 Wfg National Title
Castanon Kathy Lynn -- None Available
Long George E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2023 10/05/23 Sold $1,550,000 0.0% $517 / Sq Ft
09/17/2023 09/17/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $1,550,000 0.0% $517 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $1,550,000 +14.4% $517 / Sq Ft
11/10/2021 11/10/21 Sold $1,355,000 -4.9% $452 / Sq Ft View Prior Sale
10/27/2021 10/27/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $1,425,000 +5.2% $475 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/31/2021 08/31/21 Off Market $1,355,000 -- --
08/30/2021 08/30/21 For Sale $1,425,000 0.0% $475 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $1,425,000 0.0% $475 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $1,425,000 -- $475 / 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 $18,321 $1,581,000 $867,000 $714,000
2024 $18,321 $1,550,000 $850,000 $700,000
2023 $16,383 $1,382,100 $770,100 $612,000
2022 $16,118 $1,355,000 $755,000 $600,000
2021 $7,623 $595,788 $283,341 $312,447
2020 $7,520 $589,900 $280,436 $309,464
2019 $7,474 $578,339 $274,938 $303,401
2018 $1,846 $93,255 $10,747 $82,508
2016 $1,751 $89,425 $10,331 $79,094
2015 $1,730 $88,082 $10,176 $77,906
2014 $1,742 $86,357 $9,977 $76,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23151897

California Regional Multiple Listing Service (CRMLS)

APN: 8377-021-021