NOT LISTED FOR SALE

Estimated Value: $509,000 - $591,928

3 Beds
2 Baths
1,560 Sq Ft
$354/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $308,000 $197 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,407/month

50 Days on Market

Highlights

  • 17,100 Sq Ft lot
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Evaporated cooling system
  • Wall Furnace

About This Home

As of August 2018

PRICE REDUCTION! INVESTOR'S DELIGHT!. BIG LOT. Prime investment location next to downtown Highland center. Well maintained 2 UNITS on a huge lot over 17,000 sf. Both units have had work done in the past year. Front unit bathroom was remodeled, new ac unit was installed and interior was painted. Back unit water heater was replaced and new ac unit was installed. Both units have wood flooring. New roof was installed earlier this year along with a new front gate. ZONED FOR MULTIPLE UNITS. City of Highland allows for up to 4 additional units on lot. BUYER TO CHECK WITH CITY & SATISFY THEMSELVES. Located next to fairly new 2 story custom homes. Close to school, shopping, post office and 210 and 10 Freeway.

Last Agent to Sell the Property

Brian Lazo

BHB Capital License #01778248 Listed on: 05/30/2018

Last Buyer's Agent

Eric Figueroa

R.E.D. Real Estate Downtown License #01510659

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.39 Acre Lot
  • 1 Common Wall
  • Rural Setting
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Tile Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • High Efficiency Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 7408
  • Assessor Parcel Number 1191201110000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $480
  • Trash Expense $500
  • Water Sewer Expense $1,320
  • New Taxes Expense $4,062
  • Operating Expense $6,302
  • Gross Income $18,900
  • Net Operating Income $15,298

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1320.00
  • Property Type: Residential Income
  • Parcel Number: 1191201110000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 197.44
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Evaporative Cooling, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 17100.00

Multi Family

  • Gross Income: 18900.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 480.00
  • Net Operating Income: 15298.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 6302.00
  • Rent Control: No
  • Total Actual Rent: 1575.00
  • Total Expenses: 6302.00

Tax Info

  • New Taxes Expense: 4062.00
  • Tax Census Tract: 74.08
  • Tax Lot: 2
  • Tax Tract Number: 7408

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2018
Closed on
Jul 30, 2018
Sold by
Davis Devon
Bought by
Blanco Jesus M
Seller's Agent
Brian Lazo
BHB Capital
Buyer's Agent
Eric Figueroa
R.E.D. Real Estate Downtown
List Price
$325,000
Sold Price
$308,000
Premium/Discount to List
-$17,000
-5.23%
Current Estimated Value
$552,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,482
Avg. Annual Appreciation
8.16%
Original Mortgage
$261,800
Outstanding Balance
$227,363
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$325,119

Purchase Details

Listed on
Apr 24, 2016
Closed on
Oct 6, 2016
Sold by
Su Di Qun
Bought by
Davis Devon
Seller's Agent
Cindy Loi
GRANDMARK REALTY INC.
Buyer's Agent
Brian Lazo
BHB Capital
List Price
$250,000
Sold Price
$247,000
Premium/Discount to List
-$3,000
-1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$240,562
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2012
Sold by
Xu Dong Bai
Bought by
Su Di Qun

Purchase Details

Closed on
May 4, 2010
Sold by
Su Di Qun
Bought by
Su Di Qun and Xu Dong Bai

Purchase Details

Closed on
Apr 28, 2010
Sold by
Baseline Street Highland California 9234
Bought by
Su Di Qun

Purchase Details

Closed on
Apr 6, 2007
Sold by
Duong Tenor
Bought by
Baseline Street Highland Ca 92346 Trust

Purchase Details

Closed on
Feb 14, 2007
Sold by
Dtm Solutions Llc
Bought by
Duong Tenor

Purchase Details

Closed on
May 25, 2004
Sold by
Duong Tenor
Bought by
Dtm Solutions Llc

Purchase Details

Closed on
Dec 12, 2003
Sold by
Gould Joseph D
Bought by
Duong Tenor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2002
Sold by
Gould Daniel
Bought by
Gould Joseph D and Joseph D Gould Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blanco Jesus M $308,000 Chicago Title Company
Davis Devon $250,000 Lawyers Title
Su Di Qun -- Accommodation
Su Di Qun -- First American Title Company
Su Di Qun $95,000 First American Title Company
Baseline Street Highland Ca 92346 Trust -- None Available
Duong Tenor -- None Available
Dtm Solutions Llc -- --
Duong Tenor $180,000 Fidelity National Title Co
Gould Joseph D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blanco Jesus M $261,800
Previous Owner Davis Devon $240,562
Previous Owner Duong Tenor $112,000
Closed Duong Tenor $21,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2018 08/24/18 Sold $308,000 +1.0% $197 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
07/16/2018 07/16/18 Price Changed $305,000 -6.2% $196 / Sq Ft
05/30/2018 05/30/18 For Sale $325,000 +31.6% $208 / Sq Ft
10/14/2016 10/14/16 Sold $247,000 -1.2% $158 / Sq Ft View Prior Sale
04/24/2016 04/24/16 For Sale $250,000 -- $160 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,455 $454,509 $100,397 $354,112
2024 $5,562 $384,597 $98,428 $286,169
2023 $5,444 $377,056 $96,498 $280,558
2022 $5,442 $369,663 $94,606 $275,057
2021 $4,876 $317,415 $92,751 $224,664
2020 $4,186 $314,160 $91,800 $222,360
2019 $4,366 $308,000 $90,000 $218,000
2018 $3,397 $255,000 $76,500 $178,500
2017 $3,295 $105,662 $55,612 $50,050
2016 $1,391 $103,591 $54,522 $49,069
2015 $1,416 $102,035 $53,703 $48,332
2014 $1,378 $100,036 $52,651 $47,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18116562

California Regional Multiple Listing Service (CRMLS)

APN: 1191-201-11