NOT LISTED FOR SALE

Estimated Value: $360,117 - $433,000

2 Beds
1 Bath
1,128 Sq Ft
$352/Sq Ft Est. Value

Last Sold July 13, 2020

Last sale price $245,000 $217 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,446/month

5 Days on Market

Highlights

  • 0.49 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of July 2020

Excellent opportunity for a first time or experienced investor. Rent out the front house and develop the half acre. Lots of options as an investor. This house is located south of the 10 Freeway with quick access to the I-215 and I-210 Freeway Interchange. Close to Loma Linda University, VA Hospital and Redlands. Tucked away in a commercial zone on a cul-de-sac bordering the Rock Church. Fenced front and back yard. Lock your vehicle behind fenced gate. Separate fenced yard in front separate from driveway. Bonus room that can be used as family room or third bedroom. The house is grandfathered in on the commercial lot. Huge potential with half an acre (21,560 sqft. lot) with different types of businesses approved by the city. Store your RV, boat or vehicles. Businesses in the area use land to store semi trucks. Buyer's due diligence for allowed intended uses approved by the city. Sold As Is. Adjoining lots also available (2268 Gardena. APN-0283-031-02-0000 & 2278 Gardena. APN-0283-031-03-0000). Washer and dryer hook-ups inside house.

Last Agent to Sell the Property

Missy Country

Freeland Realty License #02003370 Listed on: 05/28/2020

Last Buyer's Agent

Sidney Lao

Sid Lao & Associates License #01209404

Sid Lao & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,319

Year Built

  • Built in 1957

Lot Details

  • 0.49 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $510
  • Maintenance Expense $504
  • Pest Control $250
  • Professional Management Expense $832
  • New Taxes Expense $2,650
  • Operating Expense $2,159
  • Gross Income $13,080
  • Net Operating Income $12,262

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 54
  • Tax Tract Number 2170
  • Assessor Parcel Number 0283031040000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,319

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Inclusions: Gas stove
  • Professional Management Expense: 831.60
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0283031040000
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 217.20
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 250.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 21560.00
  • Lot Size Acres: 0.4949

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 13080.00
  • Gross Scheduled Income: 13080.00
  • Insurance Expense: 510.00
  • Lot Size Area: 21560.0000 Square Feet
  • Maintenance Expense: 503.75
  • Net Operating Income: 12262.25
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 817.75
  • Rent Control: No
  • Total Expenses: 2159.35

Tax Info

  • New Taxes Expense: 2650.00
  • Tax Census Tract: 73.03
  • Tax Lot: 54
  • Tax Tract Number: 2170

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2021
Sold by
Lee Laurence and Chen Tina Ling
Bought by
Lee Laurance and Chen Tina Lingting
Current Estimated Value
$396,135

Purchase Details

Listed on
May 28, 2020
Closed on
Jun 22, 2020
Sold by
2 Jlds Lp
Bought by
Lee Laurance and Chen Tina Ling
Seller's Agent
Missy Country
Freeland Realty
Buyer's Agent
Sidney Lao
Sid Lao & Associates
List Price
$265,000
Sold Price
$245,000
Premium/Discount to List
-$20,000
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$183,000
Outstanding Balance
$162,994
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$230,319

Purchase Details

Closed on
Nov 1, 2018
Sold by
Deyong James L and Deyong Jamie L
Bought by
2Jlds Lp

Purchase Details

Closed on
Dec 14, 2016
Sold by
Deyong James L
Bought by
Deyong James L and Deyong Jangle L

Purchase Details

Closed on
Mar 10, 2000
Sold by
Deyong James L
Bought by
Deyong James L and James L Deyong Trust

Purchase Details

Closed on
Jan 4, 1994
Sold by
Barnett Wilma H
Bought by
Deyong James L

Purchase Details

Closed on
Aug 18, 1993
Sold by
Deyong Properties
Bought by
Deyong James L and Barnett Wilma H
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
Lee Laurance -- None Available
Lee Laurance $245,000 First American Title Company
2Jlds Lp -- None Available
Deyong James L -- None Available
Deyong James L -- --
Deyong James L $50,000 --
Deyong James L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Laurance $183,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2020 07/13/20 Sold $245,000 -7.5% $217 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $265,000 -- $235 / 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 $3,319 $265,196 $162,365 $102,831
2024 $3,319 $259,996 $159,181 $100,815
2023 $3,323 $254,898 $156,060 $98,838
2022 $3,273 $249,900 $153,000 $96,900
2021 $3,332 $245,000 $150,000 $95,000
2020 $1,707 $117,806 $47,091 $70,715
2019 $1,665 $115,496 $46,168 $69,328
2018 $1,641 $113,232 $45,263 $67,969
2017 $1,584 $111,011 $44,375 $66,636
2016 $1,616 $108,834 $43,505 $65,329
2015 $1,420 $107,200 $42,852 $64,348
2014 $1,371 $105,101 $42,013 $63,088
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20102460

California Regional Multiple Listing Service (CRMLS)

APN: 0283-031-04