NOT LISTED FOR SALE
6 Beds
3 Baths
12,960 Sq Ft
0.91 Acre Lot

Sale Details

Date Sold: September 12, 2019

Last sale price $2,150,000 $166 Per Sq Ft

109 Days on Market

Highlights

  • 0.91 Acre Lot
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Open Floorplan
  • No HOA
  • Living Room

About This Home

As of September 2019

Welcome to Sunnymead Apartments of Moreno Valley. Convientely located to shopping, bus lines and transportation. Each unit offers spacious living with 2 bedrooms and 1 bath. This open floorplan features carpeting , vinyl, tile, wall air conditioning, wall furnance, garbage disposal and free standing range. Units may vary. The complex offers each tenant 2 parking spaces and community coin-operated laundry facility. There is a one car garage, which is currently used by management for maintenance. The front lawn has automatic sprinklers and there is a very large gated area behind the units which can be made into a playground, additional storage or BBQ picnic area. The front parking area was just resurfaced last year . The city of Moreno Valley is growing and redeveloping which makes this a great investment opportunity with room for growth.

Last Agent to Sell the Property

David Kelley

BHHS CA Properties License #01142334 Listed on: 05/14/2019

BHHS CA Properties

Co-Listed By

The Kelley & Kor David and Cheryl

BHHS CA Properties License #01147988

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 39,600 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Level Lot
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard
  • Density is 11-15 Units/Acre

Parking

  • 32 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Common Roof
  • Stucco

Interior Spaces

  • 12,960 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Blinds
  • Window Screens
  • Living Room
  • Leased Washer and Dryer

Kitchen

  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 299
  • Assessor Parcel Number 481230023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,900
  • Professional Management Expense $6,900
  • Trash Expense $5,072
  • Water Sewer Expense $4,800
  • New Taxes Expense $27,000
  • Operating Expense $41,606
  • Gross Income $2,420
  • Net Operating Income $138,394

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0.91 Acres

Parking

1

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 6900.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4800.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 481230023
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Open Floorplan
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 165.90
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Common Roof
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 33.00
  • Uncovered Spaces: 32.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Range, Range Hood, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 5072.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Back Yard, Front Yard, Lawn, Level, Sprinklers In Front
  • Lot Size Sq Ft: 39600.00
  • Lot Size Acres: 0.9091

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 864 Square Feet
  • Gross Income: 2420.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 180000.00
  • Insurance Expense: 2900.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2420.00
  • Lot Size Area: 39600.0000 Square Feet
  • Net Operating Income: 138394.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 15
  • Number With Disposal: 15
  • Number With Range: 15
  • Operating Expense: 41606.00
  • Rent Control: No
  • Total Expenses: 41606.00

Tax Info

  • New Taxes Expense: 27000.00
  • Tax Census Tract: 425.20
  • Tax Lot: 299

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000,250
Outstanding Balance
$15,162,281
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
May 14, 2019
Closed on
Sep 3, 2019
Sold by
Bought by
Seller's Agent
David Kelley
BHHS CA Properties
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$2,700,000
Sold Price
$2,150,000
Premium/Discount to List
-$550,000
-20.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,150,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
May 13, 2014
Closed on
Sep 16, 2014
Sold by
Bought by
Seller's Agent
Non-mls Src
Src Non-mls
Buyer's Agent
David Kelley
BHHS CA Properties
List Price
$1,350,000
Sold Price
$1,275,000
Premium/Discount to List
-$75,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%
Original Mortgage
$850,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,625
Interest Rate
6.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,625
Interest Rate
6.51%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title Co
$2,150,000 Orange Coast Title Company
$1,275,000 Chicago Title Company
-- --
-- Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $17,000,250
Closed $2,150,000
Previous Owner $850,000
Previous Owner $860,000
Previous Owner $840,000
Previous Owner $34,625
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2019 09/12/19 Sold $2,150,000 -20.4% $166 / Sq Ft
08/31/2019 08/31/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $2,700,000 +111.8% $208 / Sq Ft
10/16/2014 10/16/14 Sold $1,275,000 -5.6% -- View Prior Sale
09/02/2014 09/02/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $1,350,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $27,373 $2,327,227 $1,017,485 $1,309,742
2025 $26,523 $2,281,596 $997,535 $1,284,061
2023 $26,523 $2,193,000 $958,800 $1,234,200
2022 $25,529 $2,150,000 $940,000 $1,210,000
2021 $25,778 $2,172,273 $424,351 $1,747,922
2020 $25,507 $2,150,000 $420,000 $1,730,000
2019 $16,886 $1,373,671 $430,956 $942,715
2018 $16,569 $1,346,737 $422,506 $924,231
2017 $16,222 $1,320,331 $414,222 $906,109
2016 $16,066 $1,294,443 $406,100 $888,343
2015 $15,845 $1,275,000 $400,000 $875,000
2014 $8,077 $616,679 $233,926 $382,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19112434

California Regional Multiple Listing Service (CRMLS)

APN: 481-230-023

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