NOT LISTED FOR SALE

Estimated Value: $833,000 - $1,110,000

9 Beds
5 Baths
3,755 Sq Ft
$248/Sq Ft Est. Value

Last Sold June 08, 2017

Last sale price $445,000 $119 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $5,653/month

53 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • 5-minute walk to Adrienne Mitchell Memorial Park

About This Home

As of June 2017

DEAR INVESTORS, WE HAVE WELL MAINTAINED 2 STORIES QUADRUPLEX IN CITY THE MORENO VALLEY. ALL UNITS ARE CURRENTLY OCCUPIED WITH LONG TERM TENANTS. VERY NICELY DESIGN WITH FRONT UNIT 3 BEDROOM AND 2 BATH. ALL THE REMAINING UNIT ARE ALL 2 BEDROOM AND 1 BATH EACH. VERY SUITABLE FOR MANY TYPE OF FAMILY. ALL UNIT HAVE ITS OWN GARAGE AND ALSO GATED THROUGH OUT THE HOUSE. PLEASE DRIVE BY ONLY ONLY. OFFER SUBJECT TO INTERIOR INSPECTION. THE PROPERTY IS BEING SOLD AS-IS IN ITS CURRENT STANDING CONDITION. THE LIVING SF OF THE SUBJECT IS BASED ON INSURANCE DATA PROVIDED BY MCGRAW SPECIALTY INSURANCE SERVICES AND THOMAS NGUYEN INSURANCE AGENCY IN WESTMINSTER. AGENT WILL PROVIDE DOCUMENT IF NECESSARY. HOWEVER BUYER ARE PERFORM THEIR OWN INVESTIGATION FOR THEIR OWN SATISFACTION REGARD TO LIVING SQUARE FEET PERMIT, ROOM COUNT AND ANY DESCRIPTION OF SUBJECT PROPERTY.

Last Agent to Sell the Property

Ngan Dao

Advance Estate Realty License #01043590 Listed on: 02/13/2017

Last Buyer's Agent

Ngan Dao

Advance Estate Realty License #01043590 Listed on: 02/13/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,904

Year Built

  • Built in 1972

Lot Details

  • 7,200 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,755 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 2831
  • Assessor Parcel Number 2912930170000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,125
  • Net Operating Income $21,125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,904

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 117500
  • Property Attached: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 2912930170000
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 118.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7200.00

Multi Family

  • Gross Income: 3125.00
  • Gross Operating Income: 35625.00
  • Gross Scheduled Income: 37500.00
  • Net Operating Income: 21125.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14500.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Vacancy Allowance: 1875
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 25
  • Tax Tract Number: 2831

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2017
Closed on
Jun 2, 2017
Sold by
Dao Nhut Lam
Bought by
Doan Quang Thanh and Pham Hong Loan Thi
Seller's Agent
Ngan Dao
Advance Estate Realty
Buyer's Agent
Ngan Dao
Advance Estate Realty
List Price
$470,000
Sold Price
$445,000
Premium/Discount to List
-$25,000
-5.32%
Current Estimated Value
$932,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,082
Avg. Annual Appreciation
9.07%
Original Mortgage
$326,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2004
Sold by
Nguyen Katie Tuyet Suong and Dao Nhut Lam
Bought by
Dao Nhut Lam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2003
Sold by
Nguyen Katie Tuyet Suong
Bought by
Nguyen Katie Tuyet Suong and Dao Nhut Lam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2002
Sold by
Dao Hoang Lam
Bought by
Nguyen Katie Tuyet Suong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,600
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2002
Sold by
Hud
Bought by
Nguyen Katie Tuyet Suong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,600
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2001
Sold by
Mortgage Electronic Registration Systems
Bought by
Hud

Purchase Details

Closed on
Feb 16, 2001
Sold by
Nunez Ruben and Gomez Irma
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Mar 27, 1997
Sold by
Bruce Norris Investments Llc
Bought by
Nunez Ruben and Gomez Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,597
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 1997
Sold by
Norris Marsha D
Bought by
Norris Bruce W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,597
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 1996
Sold by
Hollis James C
Bought by
First National Bank Of Chicago
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
Doan Quang Thanh $445,000 Fidelity National Title Comp
Dao Nhut Lam -- Ticor Title Company
Nguyen Katie Tuyet Suong -- --
Nguyen Katie Tuyet Suong -- First American Title Co
Nguyen Katie Tuyet Suong $175,500 First American Title Co
Hud -- Gateway Title Company
Mortgage Electronic Registration Systems $142,633 United Title Company
Nunez Ruben $135,000 First American Title Ins Co
Bruce Norris Investments Llc -- First American Title Ins Co
Norris Bruce W -- First American Title Ins Co
Norris Bruce W $60,500 First American Title Ins Co
First National Bank Of Chicago $75,693 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doan Quang Thanh $78,000
Open Doan Quang Thanh $490,000
Closed Doan Quang Thanh $326,000
Previous Owner Dao Nhut Lam $157,878
Previous Owner Dao Nhut Lam $182,000
Previous Owner Nguyen Katie Tuyet Suong $178,500
Previous Owner Nguyen Katie Tuyet Suong $12,750
Previous Owner Nguyen Katie Tuyet Suong $122,600
Previous Owner Nunez Ruben $25,000
Previous Owner Nunez Ruben $133,597
Previous Owner Norris Bruce W $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2017 06/08/17 Sold $445,000 -5.3% $119 / Sq Ft
02/13/2017 02/13/17 For Sale $470,000 -- $125 / 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 $6,904 $516,453 $92,841 $423,612
2023 $6,904 $496,400 $89,237 $407,163
2022 $6,419 $486,668 $87,488 $399,180
2021 $6,313 $477,126 $85,773 $391,353
2020 $6,253 $472,235 $84,894 $387,341
2019 $6,163 $462,977 $83,230 $379,747
2018 $5,912 $453,900 $81,600 $372,300
2017 $3,698 $269,536 $46,165 $223,371
2016 $3,666 $264,252 $45,260 $218,992
2015 $3,621 $260,284 $44,581 $215,703
2014 $3,409 $255,187 $43,708 $211,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17030283

California Regional Multiple Listing Service (CRMLS)

APN: 291-293-017