NOT LISTED FOR SALE

Estimated Value: $1,058,000 - $1,200,000

8 Beds
4 Baths
3,715 Sq Ft
$308/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $1,100,000 $296 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,040/month

2 Days on Market

Highlights

  • No HOA
  • Fireplace
  • Park
  • Valencia Elementary Rated A-
  • Cooling Available
  • Laundry Room

About This Home

As of April 2024

Four units in a gorgeous area near upscale estate style homes and just steps to San Antonio Park in Upland. This exquisite opportunity for either a four unit rental, or live in one and rent the others is a rare opportunity in this area. All units are two bedroom with one bath. The largest unit is 1,135 square feet, and the others are approximately 950 square feet, and two units at approximately 860 square feet each. Each unit is outfitted with a kitchen and has access to laundry. Addresses are 2460, 2466, 2468, and 2470 Forman St. 2460 has a one car garage. 2466 has a carport, 2470 has an enclosed carport, and 2468 has dedicated parking space. The property is enormous for the area at 31,185. The potential for redevelopment is also tremendous. As mentioned, this area is well developed with fine estate style homes so a grand design of a primary residence would be great in this location. Current owner has remodeled three of the units within the last couple of years. One unit got a new furnace installed in Feb 2024, and another had a furnace repair at the same time. Units are under lease through July, August, and October of 2024, and one went month to month in October of 2023. Rents are $1,400 (one unit), and $1,600 (three units). Property is currently under professional management.

Last Agent to Sell the Property

Angela Knight

CENTURY 21 Desert Rock Brokerage Email: angela.knight@century21.com License #01792675 Listed on: 02/14/2024

CENTURY 21 Desert Rock

Last Buyer's Agent

Angela Knight

CENTURY 21 Desert Rock Brokerage Email: angela.knight@century21.com License #01792675 Listed on: 02/14/2024

CENTURY 21 Desert Rock

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,924

Year Built

  • Built in 1955

Lot Details

  • 0.72 Acre Lot
  • Density is 2-5 Units/Acre
  • Property is zoned RS-10M

Parking

  • 1 Car Garage
  • 2 Carport Spaces

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,715 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling Available
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Legal Lot and Block 3 / 13
  • Tax Tract Number 8
  • Assessor Parcel Number 0200401550000
  • $339 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,924

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 227500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 999.00
  • Zoning: RS-10M
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 0200401550000
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 296.10

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Construction Materials: Frame

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Conventional Septic
  • Trash Expense: 999.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 31185.00
  • Lot Size Acres: 0.7159

Multi Family

  • Gross Income: 74400.00
  • Gross Scheduled Income: 74400.00
  • Insurance Expense: 999.00
  • Lot Size Area: 31185.0000 Square Feet
  • Net Operating Income: 61784.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7332.00
  • Rent Control: No
  • Total Expenses: 999.00

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 8.04
  • Tax Lot: 3
  • Tax Tract: 113010
  • Tax Tract Number: 8.04
  • TaxOtherAnnualAssessmentAmount: 339.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Desantiago Phillip and Desantiago Valarie
Bought by
Vineyard Villas Llc
Current Estimated Value
$1,144,760

Purchase Details

Listed on
Feb 14, 2024
Closed on
Apr 24, 2024
Sold by
Gee Amanda
Bought by
Gee Scott
Seller's Agent
Angela Knight
CENTURY 21 Desert Rock
Buyer's Agent
Angela Knight
CENTURY 21 Desert Rock
List Price
$860,000
Sold Price
$1,100,000
Premium/Discount to List
$240,000
27.91%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.85%
Original Mortgage
$825,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 14, 2024
Closed on
Mar 8, 2024
Sold by
Reinwald-Bailey Linda L and Velna K Reinwald Revocable Living Trust
Bought by
Desantiago Phillip and De Santiago Valarie
Seller's Agent
Angela Knight
CENTURY 21 Desert Rock
Buyer's Agent
Angela Knight
CENTURY 21 Desert Rock
List Price
$860,000
Sold Price
$1,100,000
Premium/Discount to List
$240,000
27.91%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 1996
Sold by
Reinwald Velna K
Bought by
Reinwald Velma K and The Velna K Reinwald Revocable
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
Vineyard Villas Llc -- First American Title
Gee Scott -- Chicago Title
Desantiago Phillip $1,100,000 Chicago Title
Reinwald Velma K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Desantiago Phillip $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $1,100,000 +20.9% $296 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/15/2024 02/15/24 Price Changed $910,000 +5.8% $245 / Sq Ft
02/14/2024 02/14/24 For Sale $860,000 -- $231 / 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 $11,924 $1,122,000 $714,000 $408,000
2024 $11,924 $1,100,000 $700,000 $400,000
2023 $1,554 $121,496 $30,006 $91,490
2022 $1,519 $119,114 $29,418 $89,696
2021 $1,513 $116,778 $28,841 $87,937
2020 $1,473 $115,580 $28,545 $87,035
2019 $2,771 $113,313 $27,985 $85,328
2018 $2,134 $111,091 $27,436 $83,655
2017 $1,846 $108,913 $26,898 $82,015
2016 $1,633 $106,778 $26,371 $80,407
2015 $1,156 $105,174 $25,975 $79,199
2014 $1,107 $103,114 $25,466 $77,648
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD24017799

California Regional Multiple Listing Service (CRMLS)

APN: 0200-401-55