NOT LISTED FOR SALE

2371 2nd St Norco, CA 92860

Estimated Value: $806,000 - $935,000

5 Beds
3 Baths
2,070 Sq Ft
$429/Sq Ft Est. Value

Last Sold February 01, 2013

Last sale price $330,000 $159 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $4,986/month

7 Days on Market

Highlights

  • Granite Countertops
  • Central Heating
  • Wood Siding

About This Home

As of February 2013

Home is where the HORSE is. Located in Norco (HorseTown USA) these two separate home make the ideal investment. Close to shopping, freeways, and horseback riding trails makes either house easy to rent. 2371 2nd is a 3 bedroom / 2 bath beautifully rehabbed home with granite countertops, stainless steel appliances, tile kitchen and baths, refinished wood floors, fresh paint in and out, newer windows, central air, covered patio and a large two car garage with laundry room all on an extra large lot with room for horses! 2361 2nd is a quaint 2 bedroom / 1 bath home, currently rented with long term tenant who wants to stay. Tenant uses remainder of lot for a nursery. Live in one and rent the other or rent both AND get bonus income from boarding horses! Don t miss this one, submit your offer today.

Last Agent to Sell the Property

Greg Kamin

Sun Tag Properties License #01173655 Listed on: 12/14/2012

Last Buyer's Agent

Steve Maio

WESTCOE REALTORS INC License #00830927

WESTCOE REALTORS INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.82

Parking

  • 2 Car Garage

Home Design

  • 2,070 Sq Ft Home
  • Ranch Style House
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Granite Countertops
  • 0.82 Acre Lot
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 4 / 8
  • Assessor Parcel Number 126100012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $2,800
  • Net Operating Income $33,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 9.89
  • View: No
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 126100012
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 159.42

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 35719.00
  • Lot Size Acres: 0.8200

Multi Family

  • Gross Income: 2800.00
  • Gross Multiplier: 10.12
  • Gross Scheduled Income: 33600.00
  • Net Operating Income: 33600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Area: 15007
  • Tax Block: 8
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2016
Sold by
White Horse Trust
Bought by
Nguyen Mark Tuan and Nguyen Kathlynn Kim Dung
Current Estimated Value
$888,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Outstanding Balance
$184,514
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$704,194

Purchase Details

Closed on
Jun 14, 2013
Sold by
Nguyen Mark and Nguyen Kathlynn
Bought by
White Horse Trust

Purchase Details

Listed on
Dec 14, 2012
Closed on
Dec 25, 2012
Sold by
Wamu Servicing Lp
Bought by
Nguyen Mark and Nguyen Kathlynn
Seller's Agent
Greg Kamin
Sun Tag Properties
Buyer's Agent
Steve Maio
WESTCOE REALTORS INC
List Price
$339,900
Sold Price
$330,000
Premium/Discount to List
-$9,900
-2.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.92%
Original Mortgage
$247,500
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2012
Sold by
Gutierrez Daniel
Bought by
Wamu Servicing Lp

Purchase Details

Closed on
Apr 17, 2007
Sold by
Storrer Kathleen
Bought by
Storrer Norman J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2007
Sold by
Storrer Norman J and Nygaard Mary M
Bought by
Gutierrez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2006
Sold by
Storrer Norman J and Nygaard Mary M
Bought by
Storrer Norman J and Nygaard Mary M
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
Nguyen Mark Tuan -- Orange Coast Title Company
White Horse Trust -- None Available
Nguyen Mark $330,000 Ticor Title Company
Wamu Servicing Lp $173,000 Ticor Title Company
Storrer Norman J -- Fidelity National Title Co
Nygaard Mary M -- Fidelity National Title Co
Gutierrez Daniel $645,000 Fidelity National Title Co
Storrer Norman J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Mark Tuan $231,000
Closed Nguyen Mark $247,500
Previous Owner Gutierrez Daniel $516,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2013 02/01/13 Sold $330,000 -2.9% $159 / Sq Ft
12/21/2012 12/21/12 Pending -- -- --
12/14/2012 12/14/12 For Sale $339,900 -- $164 / 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 $4,446 $406,358 $123,136 $283,222
2023 $4,446 $390,580 $118,355 $272,225
2022 $4,304 $382,923 $116,035 $266,888
2021 $4,218 $375,415 $113,760 $261,655
2020 $4,171 $371,567 $112,594 $258,973
2019 $4,075 $364,283 $110,387 $253,896
2018 $3,981 $357,141 $108,224 $248,917
2017 $3,882 $350,139 $106,102 $244,037
2016 $3,844 $343,274 $104,022 $239,252
2015 $3,759 $338,119 $102,460 $235,659
2014 $3,620 $331,498 $100,454 $231,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P843397

California Regional Multiple Listing Service (CRMLS)

APN: 126-100-012