NOT LISTED FOR SALE

Estimated Value: $839,503 - $1,250,000

8 Beds
8 Baths
3,910 Sq Ft
$262/Sq Ft Est. Value

Last Sold October 28, 2015

Last sale price $527,500 $135 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,309/month

173 Days on Market

Highlights

  • Private Pool
  • Tennis Courts
  • Laundry Room
  • Smiley Elementary School Rated A-
  • Outdoor Cooking Area
  • Central Heating and Cooling System

About This Home

As of October 2015

Excellent opportunity for the "hands off" type of investor. Four unit apartment building within the coveted "Brookside Park" which made up of 324 units, 81 individually investor owned four unit buildings. The subject building offers two, 2 bed 2 bath, town home style units with attached garages and laundry hookups. The other two, 2 bed 2 bath units have their own garages and community laundry within the building. Professionally managed community in a resort like setting with 6 swimming pools, 3 spas, tennis court and basketball court. Monthly management fee includes insurance, water, trash, grounds keeping (Pools, Tennis-Courts, Spas included), landscaping, and leasing fees. Located close to public schools, Loma Linda University Medical Center, the Veterans Hospital, University of Redlands and ESRI. GSI is $54,600.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 03/28/2015

Last Buyer's Agent

Richard Yoo

Richard Yoo, Broker License #01402268

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 10,010 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

HOA Fees

  • $1,340 Monthly HOA Fees

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking
  • Unassigned Parking

Home Design

  • 3,910 Sq Ft Home
  • Property Attached
  • Planned Development
  • Tile Roof
  • Composition Roof
  • Foam Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Private Pool
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 45
  • Tax Tract Number 5492
  • Assessor Parcel Number 0293201100000

Community Details

Overview

  • Master Insurance
  • 4 Units

Amenities

  • Outdoor Cooking Area
  • Picnic Area
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $1,800
  • Professional Management Expense $16,080
  • New Taxes Expense $6,750
  • Gross Income $4,735
  • Net Operating Income $29,349

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,340 per month

Parking

6

Listing Details

  • CapRate: 5.30
  • Professional Management Expense: 16080.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0293201100000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 134.91

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: Yes
  • Roof: Composition, Foam, Tile

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Unassigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community, In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Dues Paid Monthly, Insurance, Outdoor Cooking Area, Pet Rules, Picnic Area, Playground, Pool, Sewer, Tennis Court(s), Trash
  • Association Fee: 1340.00
  • Association Fee Frequency: Monthly
  • Community Features: Sidewalks, Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre, Planned Unit Development
  • Lot Size Sq Ft: 10010.00
  • Price Per Lot Square Foot: 52.70
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4735.00
  • Gross Multiplier: 9.89
  • Gross Scheduled Income: 56820.00
  • Lot Size Area: 10010.0000 Square Feet
  • Net Operating Income: 29349.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24630.00
  • Other Expense: 1800.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Actual Rent: 4550.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6750.00
  • Tax Lot: 45
  • Tax Tract Number: 5492
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2015
Closed on
Sep 14, 2015
Sold by
Cassar John and Cassar John L
Bought by
Nam Esther L and Nam Byunghwa
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Richard Yoo
Richard Yoo, Broker
List Price
$540,000
Sold Price
$527,500
Premium/Discount to List
-$12,500
-2.31%
Current Estimated Value
$1,024,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,376
Avg. Annual Appreciation
6.74%
Original Mortgage
$340,000
Outstanding Balance
$266,499
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$758,377

Purchase Details

Closed on
Oct 12, 2010
Sold by
Cassar John and Cassar Carie Ann
Bought by
Cassar John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2010
Sold by
Meadows Properties Llc
Bought by
Cassar John

Purchase Details

Closed on
Dec 4, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Meadow Properties Llc

Purchase Details

Closed on
Jun 5, 2008
Sold by
Staley Shunta D and Staley Sherome Z
Bought by
Deutsche Bank National Trust Co and Morgan Stanley Abs Capital I Inc Trust 2

Purchase Details

Closed on
Sep 1, 2006
Sold by
Lee Sang Won and Lee Eunice Eunsun
Bought by
Staley Sherome Z and Staley Shunta D

Purchase Details

Closed on
May 17, 1999
Sold by
Lee Sang Won and Lee Eunice Eunsun
Bought by
Lee Sang Won and Lee Eunice Eunsun
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
Nam Esther L $527,500 Stewart Title Of Ca Inc
Cassar John -- Lawyers Title
Cassar John -- None Available
Meadow Properties Llc $491,000 Landsafe
Deutsche Bank National Trust Co $409,700 Landsafe
Staley Sherome Z $715,000 Fidelity Nationaltitle Co
Lee Sang Won -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nam Esther L $340,000
Previous Owner Cassar John $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2015 10/28/15 Sold $527,500 -2.3% $135 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
03/28/2015 03/28/15 For Sale $540,000 -- $138 / 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 $7,316 $624,453 $124,299 $500,154
2024 $7,316 $612,209 $121,862 $490,347
2023 $7,308 $600,205 $119,473 $480,732
2022 $7,203 $588,436 $117,130 $471,306
2021 $7,334 $576,898 $114,833 $462,065
2020 $7,225 $570,983 $113,656 $457,327
2019 $7,025 $559,787 $111,427 $448,360
2018 $6,851 $548,811 $109,242 $439,569
2017 $6,794 $538,050 $107,100 $430,950
2016 $6,718 $527,500 $105,000 $422,500
2015 $5,333 $413,503 $64,442 $349,061
2014 $5,238 $405,403 $63,180 $342,223
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15064974

California Regional Multiple Listing Service (CRMLS)

APN: 0293-201-10