NOT LISTED FOR SALE

Estimated Value: $997,000 - $1,163,000

8 Beds
8 Baths
3,910 Sq Ft
$1,500/mo HOA Fee

Last Sold May 06, 2020

Last sale price $750,000 $192 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $8,020/month

6 Days on Market

Highlights

  • Community Pool
  • Tennis Courts
  • Laundry Room
  • Smiley Elementary School Rated A-
  • Outdoor Cooking Area
  • 6 Car Garage

About This Home

As of May 2020

4 Units . All 2 Bed 2 Bath . Attached Garages .
8 Beds / 8 Baths . 3910 Sq. Ft. . Built 1979


Excellent opportunity for the "hands off" type of investor.

Historically low vacancy.

Within the coveted "Brookside Park“ which is made up of 324 Units in 81 Individually owned 4 unit buildings.

Exterior/interior modernization works have been continuously conducted over last 5 years.

The building offers i) two, 2 bed 2 bath, town home style units with attached garages, laundry hookups and direct access to kitchen and ii) the other two, 2 bed 2 bath, upstairs units with 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 in a nice area of Southwest Redlands close to excellent public schools, Loma Linda University Medical Center, the Veterans Hospital, Redlands Community Hospital, University of Redlands and ESRI (One of the largest employers in Redlands).

Last Agent to Sell the Property

Jonathan Minerick

Homecoin.com License #01523060 Listed on: 03/11/2020

Last Buyer's Agent

Claudia Zeier

Berkshire Hathaway HomeService License #01751661

Berkshire Hathaway HomeService

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,571

Year Built

  • Built in 1979

Lot Details

  • 10,010

HOA Fees

  • $1,500 Monthly HOA Fees

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • 3,910 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Two or More Common Walls

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 9961
  • Assessor Parcel Number 0293201420000

Community Details

Overview

  • 4 Units
  • Brookside Park Association, Phone Number (909) 792-4850
  • Jamboree Management HOA

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $3,600
  • New Taxes Expense $8,628
  • Operating Expense $30,228
  • Gross Income $71,364
  • Net Operating Income $41,136

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,571

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,500 per month

Parking

6

Listing Details

  • CapRate: 5.70
  • Price Per Unit: 180000
  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0293201420000
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 191.82

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Playground, Tennis Court(s)
  • Association Fee: 1500.00
  • Association Fee Frequency: Monthly
  • Association Name: Brookside Park
  • Phone: 909-792-4850
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Storm Drains, Street Lights
  • Association Management: Jamboree Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10010.00
  • Lot Size Acres: 0.2298

Multi Family

  • Gross Operating Income: 71364.00
  • Gross Scheduled Income: 75120.00
  • Lot Size Area: 10010.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 41136.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 30228.00
  • Rent Control: No
  • Total Expenses: 30228.00
  • Vacancy Allowance: 3756

Tax Info

  • New Taxes Expense: 8628.00
  • Tax Census Tract: 78.00
  • Tax Lot: 11
  • Tax Tract Number: 9961

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Mar 31, 2020
Sold by
Yoo Yoon Seok
Bought by
Terepka Huey
Seller's Agent
Jonathan Minerick
Homecoin.com
Buyer's Agent
Claudia Zeier
Berkshire Hathaway HomeService
List Price
$720,000
Sold Price
$750,000
Premium/Discount to List
$30,000
4.17%
Current Estimated Value
$1,044,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,998
Avg. Annual Appreciation
6.58%
Original Mortgage
$540,000
Outstanding Balance
$481,319
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$568,462

Purchase Details

Listed on
Dec 15, 2014
Closed on
May 7, 2015
Sold by
Kim Sai Hee
Bought by
Yoo Yoon Seok
Seller's Agent
MARTHA ROCHA
DYNASTY REAL ESTATE
Buyer's Agent
Nathan Diones
REGIONCY REAL ESTATE
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$380,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2012
Sold by
Perez Omar and Perez Irene N
Bought by
Perez Omar and Perez Irene N

Purchase Details

Closed on
Jan 25, 2011
Sold by
U S Bank National Association
Bought by
Perez Omar and Perez Irene N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,730
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2009
Sold by
Becerra Eduardo
Bought by
Western Progressive Llc

Purchase Details

Closed on
Sep 26, 2006
Sold by
Horio Seiji Paul
Bought by
Becerra Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,550
Interest Rate
8.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2005
Sold by
Horio Seiji Paul
Bought by
The Seiji Paul Horio Revocable Tr 2001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2002
Sold by
Horio Seiji Paul
Bought by
The Sieji Paul Horio Revocable Tr 2001

Purchase Details

Closed on
Oct 1, 2002
Sold by
Horio Yoshiko
Bought by
Horio Seiji Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
5.95%

Purchase Details

Closed on
Sep 20, 2002
Sold by
Merryman Ken and Merryman Laura
Bought by
Horio Seiji Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
5.95%

Purchase Details

Closed on
May 31, 2002
Sold by
Brookside Redlands Partners 1 Ltd
Bought by
Merryman Ken and Merryman Laura

Purchase Details

Closed on
Aug 28, 1995
Sold by
Woo William W and Woo Edmayhin
Bought by
Brookside Redlands Partners 1 Ltd

Purchase Details

Closed on
Jun 3, 1994
Sold by
Woo William W and Woo Edmayhin M
Bought by
Woo William W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
4%
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
Terepka Huey $750,000 California Title Company
Yoo Yoon Seok -- Ticor Title Company
Yoo Yoon Seok $520,000 Ticor Title Company
Perez Omar -- None Available
Perez Omar $344,000 Lsi Title Company
Western Progressive Llc $465,000 Accommodation
Becerra Eduardo $729,000 American Title
The Seiji Paul Horio Revocable Tr 2001 -- American Title-Orange
Horio Seiji Paul -- American Title-Orange
The Sieji Paul Horio Revocable Tr 2001 -- --
Horio Seiji Paul -- Chicago Title Co
Horio Seiji Paul $372,000 Chicago Title Co
Merryman Ken -- Chicago Title
Brookside Redlands Partners 1 Ltd -- --
Woo William W -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terepka Huey $540,000
Previous Owner Yoo Yoon Seok $50,000
Previous Owner Yoo Yoon Seok $380,000
Previous Owner Perez Omar $240,730
Previous Owner Becerra Eduardo $692,550
Previous Owner Horio Seiji Paul $390,000
Previous Owner Horio Seiji Paul $226,000
Previous Owner Woo William W $600,000
Previous Owner Woo William W $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2020 05/06/20 Sold $750,000 +4.2% $192 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $720,000 +38.5% $184 / Sq Ft
05/08/2015 05/08/15 Sold $520,000 -2.8% $133 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
10/29/2014 10/29/14 For Sale $535,000 -- $137 / 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 $9,571 $820,235 $164,048 $656,187
2024 $9,571 $804,152 $160,831 $643,321
2023 $9,560 $788,384 $157,677 $630,707
2022 $9,422 $772,925 $154,585 $618,340
2021 $9,594 $757,770 $151,554 $606,216
2020 $7,231 $571,449 $114,290 $457,159
2019 $7,030 $560,244 $112,049 $448,195
2018 $6,856 $549,259 $109,852 $439,407
2017 $6,799 $538,489 $107,698 $430,791
2016 $6,723 $527,930 $105,586 $422,344
2015 $4,742 $366,599 $42,640 $323,959
2014 -- $359,418 $41,805 $317,613
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20053914

California Regional Multiple Listing Service (CRMLS)

APN: 0293-201-42