NOT LISTED FOR SALE

Estimated Value: $513,000 - $668,264

5 Beds
3 Baths
2,854 Sq Ft
$207/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $344,500 $121 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,673/month

4 Days on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • No HOA
  • Polytechnic High School Rated A-
  • Granite Countertops
  • 4-minute walk to Dario Vasquez Park

About This Home

As of August 2015

TWO ON ONE LOT! The main property is a Lovely 3 bedroom 2 bath home with many upgrades which includes new windows, remodeled kitchen/bathrooms, inside laundry room, central air and heating. The duplex is a separate building and has two units with one upstairs and one downstairs. Each unit has 1 bedroom, 1 bathroom, kitchen, living room and each unit is 600 square feet. The kitchen and bathroom in the upstairs unit is upgraded. The bathroom in downstairs unit is upgraded and both units have a wall window air conditioner. The entire property has been very well maintained, located on a corner lot and has great curb appeal. Exterior offers hardscape, mature landscape, trees, huge carport and plenty of parking. Property is within one block of University Avenue and close to shopping, restaurants, UCR and freeways.

This is an exceptional property!

Last Agent to Sell the Property

TERESA PENA

COLDWELL BANKER TOWN & COUNTRY License #00978685 Listed on: 07/20/2015

Last Buyer's Agent

Cindy Lim

High Ten Partners, Inc. License #01054388

High Ten Partners, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,440

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Brick Fence
  • Fence is in good condition
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 2,854 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Additional Features

  • Two Homes on a Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 69
  • Tax Tract Number 305
  • Assessor Parcel Number 221023022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $680
  • Insurance Expense $1,020
  • Professional Management Expense $50
  • Trash Expense $200
  • Water Sewer Expense $640
  • New Taxes Expense $100
  • Gross Income $3,300
  • Net Operating Income $29,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,440

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 50.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Garfield Place
  • Water Sewer Expenses: 640.00
  • Zoning: R2
  • Property Type: Residential Income
  • Gardener Expense: 680.00
  • Parcel Number: 221023022
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan, Pantry
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 120.71
  • Room Type: Family Room, Living Room, Master Bedroom, Walk-In Pantry

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Brick, Block, Good Condition, Wrought Iron
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard, Level, Landscaped, Corner Lot
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 56.49
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 600
  • Average Studio Area: 1200
  • Electric Expense: 400.00
  • Gross Income: 3300.00
  • Gross Scheduled Income: 33000.00
  • Insurance Expense: 1020.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 29430.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 2
  • Operating Expense: 3570.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 100.00
  • Tax Lot: 69
  • Tax Tract Number: 0305.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2015
Closed on
Aug 7, 2015
Sold by
Voss Manuel Jesus and Marshall Teresa Diane
Bought by
Chen Kevin Zhi Qiang and Chen Dan Ling
Seller's Agent
TERESA PENA
COLDWELL BANKER TOWN & COUNTRY
Buyer's Agent
Cindy Lim
High Ten Partners, Inc.
List Price
$349,900
Sold Price
$344,500
Premium/Discount to List
-$5,400
-1.54%
Total Days on Market
4
Current Estimated Value
$590,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,566
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Mar 21, 2014
Sold by
Dela Torre Mary Lou
Bought by
Dela Torre Mary Lou and The Mary Lou Dela Torre Separate Propert
Source: Public Records

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Range of Values:

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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
Chen Kevin Zhi Qiang $344,500 First American Title Company
Dela Torre Mary Lou -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delatorre Arnulfo $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2015 08/28/15 Sold $344,500 -1.5% $121 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $349,900 -- $123 / 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
2023 $4,440 $391,976 $91,022 $300,954
2022 $4,339 $384,291 $89,238 $295,053
2021 $4,285 $376,757 $87,489 $289,268
2020 $4,252 $372,894 $86,592 $286,302
2019 $4,173 $365,584 $84,895 $280,689
2018 $4,092 $358,417 $83,232 $275,185
2017 $4,019 $351,390 $81,600 $269,790
2016 $3,761 $344,500 $80,000 $264,500
2015 $876 $81,473 $12,660 $68,813
2014 $866 $79,879 $12,413 $67,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15160780

California Regional Multiple Listing Service (CRMLS)

APN: 221-023-022