NOT LISTED FOR SALE

Estimated Value: $432,000 - $536,000

4 Beds
2 Baths
1,300 Sq Ft
$386/Sq Ft Est. Value

Last Sold January 10, 2024

Last sale price $497,500 $383 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,040/month

2 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Laundry Room
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • 2 Detached Carport Spaces

About This Home

As of January 2024

Great duplex in the heart of Moreno Valley. The property has two separate 2 bedroom, 1 bath units connected with a common wall. Each unit has its own yard and gated driveways, each large enough for RV parking. Each unit is separately metered. Excellent opportunity for a buy and hold investor, 1031 exchange, or first-time buyer.

Last Agent to Sell the Property

Greg Merrill

Gregory Merrill, Broker License #01906709 Listed on: 12/02/2023

Last Buyer's Agent

Elba De La Herran

Legacy 15 Real Estate Brokers License #02098100

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,555

Year Built

  • Built in 1955

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Private Yard

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • RV Access or Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Tax Lot 17
  • Tax Tract Number 21
  • Assessor Parcel Number 481222001
  • $240 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Operating Expense $1,200
  • Gross Income $2,400
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,555

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 262450
  • Property Attached: Yes
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 481222001
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 382.69
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, RV Access/Parking
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 1200.00

Tax Info

  • Tax Census Tract: 425.20
  • Tax Lot: 17
  • Tax Tract Number: 021...
  • TaxOtherAnnualAssessmentAmount: 240.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2023
Closed on
Dec 8, 2023
Sold by
Merrill Gregory
Bought by
Arias Family Trust and Arias
Seller's Agent
Greg Merrill
Gregory Merrill, Broker
Buyer's Agent
Elba De La Herran
Legacy 15 Real Estate Brokers
List Price
$524,900
Sold Price
$497,500
Premium/Discount to List
-$27,400
-5.22%
Views
132
Current Estimated Value
$501,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,762
Avg. Annual Appreciation
-1.17%

Purchase Details

Closed on
Mar 22, 2011
Sold by
Covarrubias Ana B and Covarrubias Irma Y
Bought by
Ramirez Alfredo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 2007
Sold by
Covarrubias Carmen
Bought by
Covarrubias Carmen

Purchase Details

Closed on
Jul 30, 2003
Sold by
Covarrubias Raymundo and Covarrubias Carmen
Bought by
Covarrubias Raymundo and Covarrubias Carmen

Purchase Details

Closed on
Feb 7, 2002
Sold by
Gomez Yolanda
Bought by
Covarrubias Raymundo and Covarrubias Carmen

Purchase Details

Closed on
Mar 24, 2001
Sold by
Gomez David
Bought by
Gomez Yolanda

Purchase Details

Closed on
Mar 20, 2001
Sold by
Gaspar Alex
Bought by
Gomez Yolanda

Purchase Details

Closed on
Apr 14, 1998
Sold by
Gomez Yolanda
Bought by
Gaspar Alex

Purchase Details

Closed on
Mar 24, 1997
Sold by
Provence Mark E and Provence Leslie D
Bought by
Gomez Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,678
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 1996
Sold by
Provence Mark E
Bought by
Provence Mark E and Provence Leslie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
9.5%
Mortgage Type
Commercial
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
Arias Family Trust $497,500 First American Title
Ramirez Alfredo A $112,000 Ticor Title Company
Covarrubias Carmen -- None Available
Covarrubias Raymundo -- --
Covarrubias Raymundo $125,000 Chicago Title Co
Gomez Yolanda -- --
Gomez Yolanda -- --
Gaspar Alex -- --
Gomez Yolanda $76,500 Orange Coast Title
Provence Mark E -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Alfredo A $84,000
Previous Owner Gomez Yolanda $76,678
Previous Owner Provence Mark E $45,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2024 01/10/24 Sold $497,500 -5.2% $383 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
12/02/2023 12/02/23 For Sale $524,900 -- $404 / 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 $3,555 $507,450 $152,235 $355,215
2023 $3,555 $137,909 $36,939 $100,970
2022 $1,749 $135,206 $36,215 $98,991
2021 $1,632 $132,555 $35,505 $97,050
2020 $1,615 $131,196 $35,141 $96,055
2019 $1,590 $128,624 $34,452 $94,172
2018 $1,561 $126,103 $33,777 $92,326
2017 $1,528 $123,631 $33,115 $90,516
2016 $1,605 $121,208 $32,466 $88,742
2015 $1,493 $119,389 $31,979 $87,410
2014 $1,395 $117,052 $31,353 $85,699
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23213491

California Regional Multiple Listing Service (CRMLS)

APN: 481-222-001