Seller's Agent in 2023
Denise Free
James Free Broker
(714) 410-6382
1 in this area
30 Total Sales
253 E King St San Bernardino, CA 92408
Meadowbrook NeighborhoodEstimated Value: $474,000 - $863,000
8
Beds
4
Baths
2,736
Sq Ft
$258/Sq Ft
Est. Value
Highlights
- Quartz Countertops
- Cooling System Mounted To A Wall/Window
- Recessed Lighting
- No HOA
- Living Room
- 4-minute walk to Meadowbrook Recreation Park
About This Home
As of March 2023This great 4-unit Quadplex is the ideal investment opportunity to add to your portfolio. With all new plumbing and electrical, plus remodeled interiors including kitchens, drywall, bathrooms and flooring in 2015 – some units even having had new flooring and paint since then – this property offers a wonderful opportunity for cash flow with additional potential in the rents. Each unit features an open kitchen area with dining, a living room and two bedrooms with one bathroom – plus there's plenty of parking with garages for each unit. Each unit has its own electric and gas meter while the owners pay water and trash. Total current rents for 3 occupied units is $4,165. One unit on rental assistance.
Last Agent to Sell the Property
James Free Broker License #01984636 Listed on: 01/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,167
Year Built
- Built in 1982
Lot Details
- 6,750 Sq Ft Lot
- Two or More Common Walls
- Fenced
- Fence is in average condition
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Turnkey
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2,736 Sq Ft Home
- 2-Story Property
- Recessed Lighting
- Living Room
- Laminate Flooring
Kitchen
- Gas Oven
- Gas Range
- Range Hood
- Quartz Countertops
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 13 / H
- Tax Tract Number 7012
- Assessor Parcel Number 0135302090000
- $743 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $1,378
- Trash Expense $1,860
- Water Sewer Expense $1,920
- Operating Expense $6,133
- Gross Income $4,165
- Net Operating Income $43,847
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2023
Closed on
Mar 17, 2023
Sold by
Trademark Mortgage Inc
Bought by
Arroyo Hector A
Seller's Agent
Denise Free
James Free Broker
Buyer's Agent
Peter Han
Expert Realty Group, Inc.
List Price
$689,000
Sold Price
$710,000
Premium/Discount to List
$21,000
3.05%
Views
181
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,000
Avg. Annual Appreciation
1.78%
Original Mortgage
$697,140
Outstanding Balance
$676,782
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$63,885
Purchase Details
Closed on
Jun 26, 2015
Sold by
Monte Vista Assets Inc
Bought by
Trademark Mortgage Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 21, 2015
Sold by
Licon Victor R
Bought by
Monte Vista Assets Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 2, 1994
Sold by
Cisneros Henry G
Bought by
Licon Victor R
Purchase Details
Closed on
Apr 13, 1993
Sold by
Citicorp Mtg Inc
Bought by
Hud
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arroyo Hector A | $710,000 | First American Title | |
| Trademark Mortgage Inc | -- | None Available | |
| Monte Vista Assets Inc | $161,500 | Chicago Title Company | |
| Licon Victor R | $37,000 | United Title Company | |
| Hud | -- | First Southwestern Title Com |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Arroyo Hector A | $697,140 | |
| Previous Owner | Trademark Mortgage Inc | $190,000 | |
| Previous Owner | Trademark Mortgage Corporation | $45,000 | |
| Previous Owner | Trademark Mortgage Inc | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2023 03/23/23 | Sold | $710,000 | +3.0% | $260 / Sq Ft |
| 02/01/2023 02/01/23 | Pending | -- | -- | -- |
| 01/22/2023 01/22/23 | For Sale | $689,000 | 0.0% | $252 / Sq Ft |
| 02/13/2016 02/13/16 | Rented | $825 | 0.0% | -- |
| 02/05/2016 02/05/16 | Price Changed | $825 | -1.2% | $0 / Sq Ft |
| 01/02/2016 01/02/16 | Price Changed | $835 | +4.5% | $0 / Sq Ft |
| 12/01/2015 12/01/15 | For Rent | $799 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,167 | $738,684 | $72,828 | $665,856 |
| 2024 | $9,167 | $724,200 | $71,400 | $652,800 |
| 2023 | $2,705 | $204,809 | $40,961 | $163,848 |
| 2022 | $2,708 | $200,793 | $40,158 | $160,635 |
| 2021 | $2,712 | $196,856 | $39,371 | $157,485 |
| 2020 | $2,717 | $194,837 | $38,967 | $155,870 |
| 2019 | $2,638 | $191,017 | $38,203 | $152,814 |
| 2018 | $2,609 | $187,272 | $37,454 | $149,818 |
| 2017 | $2,529 | $183,600 | $36,720 | $146,880 |
| 2016 | $2,453 | $180,000 | $36,000 | $144,000 |
| 2015 | $958 | $72,127 | $21,215 | $50,912 |
| 2014 | $6,972 | $70,714 | $20,799 | $49,915 |
Source: Public Records
Agents Affiliated with this Home
-
-
P
Buyer's Agent in 2023
Peter Han
Expert Realty Group, Inc.
(818) 825-0177
1 in this area
42 Total Sales
-
Seller's Agent in 2016
Cynthia Cano Ng
Prado Realty Group
(909) 319-2347
56 Total Sales
-
J
Buyer's Agent in 2016
James Free
James Free Broker
(951) 454-9529
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG23010965
APN: 0135-302-09
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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