NOT LISTED FOR SALE

262 Garnet Way Upland, CA 91786

Estimated Value: $1,100,588 - $1,232,000

8 Beds
4 Baths
2,559 Sq Ft
$451/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $1,070,000 $418 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,463/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Lawn
  • Neighborhood Views
  • Upland High School Rated A-
  • No HOA
  • Cul-De-Sac

About This Home

As of May 2022

Rare Upland Four Plex! All units are 2 bedroom 1 full bath and each with family room, kitchen, dining area, heat, air, laundry in kitchen, patio area, security door, and detached single car garage. This is a very clean property in excellent condition, fantastic long term tenants, low-maintenance, and rock solid investment! Separately metered for gas & electric and big upside in rent, as all are under market currently. Centrally located to schools, shopping, transit, and walking distance to downtown Upland!

Last Listed By

Scott Cheramie

MERIDIAN PROPERTY GROUP License #01409016 Listed on: 03/18/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,013

Year Built

  • Built in 1960

Lot Details

  • 7,965 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Cul-De-Sac
  • Wood Fence
  • Block Wall Fence
  • Lawn

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Traditional Architecture
  • Quadruplex
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,559 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Screens
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5477
  • Assessor Parcel Number 1046363190000
  • $5,654 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $182
  • Gardener Expense $1,020
  • Insurance Expense $1,578
  • Trash Expense $831
  • Water Sewer Expense $2,551
  • New Taxes Expense $11,200
  • Operating Expense $17,362
  • Gross Income $66,000
  • Net Operating Income $48,638

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,013

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.90
  • Price Per Unit: 249975
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2551.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 1046363190000
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 418.13
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 831.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Lawn
  • Lot Size Sq Ft: 7965.00
  • Lot Size Acres: 0.1829

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 640 Square Feet
  • Electric Expense: 182.00
  • Gross Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 1578.00
  • Lot Size Area: 7965.0000 Square Feet
  • Net Operating Income: 48638.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 17362.00
  • Rent Control: No
  • Total Actual Rent: 66000.00
  • Total Expenses: 17362.00

Tax Info

  • New Taxes Expense: 11200.00
  • Tax Census Tract: 8.24
  • Tax Lot: 5
  • Tax Tract Number: 5477
  • TaxOtherAnnualAssessmentAmount: 5654.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
Apr 1, 2022
Sold by
John Gerardi 1986 Trust
Bought by
Zhou And Wang Family Trust
Seller's Agent
Scott Cheramie
MERIDIAN PROPERTY GROUP
Buyer's Agent
Scott Cheramie
MERIDIAN PROPERTY GROUP
List Price
$999,900
Sold Price
$1,070,000
Premium/Discount to List
$70,100
7.01%
Total Days on Market
4
Current Estimated Value
$1,154,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,397
Avg. Annual Appreciation
2.41%
Original Mortgage
$0
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2011
Sold by
Gerardi John and Briggs Richard
Bought by
The John Gerardi & Gloria Marie Gerardi and R D Rentals Llc

Purchase Details

Closed on
Jan 18, 2011
Sold by
Gerardi Gloria Marie
Bought by
Gerardi John

Purchase Details

Closed on
Jan 6, 2011
Sold by
Currie Peter S and Johnshoy Currie Connie J
Bought by
Gerardi John and Briggs Richard

Purchase Details

Closed on
May 7, 2007
Sold by
Asset Reverse Exchange Inc
Bought by
Currie Peter S and Johnshoy Currie Connie J

Purchase Details

Closed on
Nov 3, 2006
Sold by
Currie Peter S and Johnshoy Currie Connie J
Bought by
Asset Reverse Exchange Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2003
Sold by
Currie Peter S and Johnshoy Currie Connie J
Bought by
Currie Peter S and Johnshoy Currie Connie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
3%

Purchase Details

Closed on
Sep 7, 1999
Sold by
Martens Jeanette H Tr Surv Trust
Bought by
Currie Peter and Johnshoy Currie Connie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.09%

Purchase Details

Closed on
Jun 28, 1995
Sold by
Martens Jeanette H
Bought by
Martens Jeanette H and Martens Robert C

Purchase Details

Closed on
Nov 19, 1993
Sold by
Martens Robert C and Martens Jeanette H
Bought by
Martens Robert C and Martens Jeanette H

Range of Values:

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Average Value
Not Available
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
The John Gerardi & Gloria Marie Gerardi -- None Available
Gerardi John -- Lawyers Title
Briggs Richard L -- Lawyers Title
Briggs Dale A -- Lawyers Title
Gerardi John $425,000 Lawyers
Currie Peter S -- Accommodation
Asset Reverse Exchange Inc -- Accommodation
Currie Peter S -- American Title
Currie Peter S -- American Title
Currie Peter $160,000 United Title Company
Martens Jeanette H -- --
Martens Robert C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Asset Reverse Exchange Inc $184,000
Previous Owner Currie Peter S $490,750
Previous Owner Currie Peter S $113,250
Previous Owner Currie Peter S $375,000
Previous Owner Currie Peter S $236,000
Previous Owner Currie Peter $227,000
Previous Owner Currie Peter $190,000
Previous Owner Currie Peter $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $1,070,000 0.0% $418 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/22/2022 03/22/22 Off Market $1,070,000 -- --
03/18/2022 03/18/22 For Sale $999,900 -- $391 / 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
2024 $12,013 $1,113,228 $280,908 $832,320
2023 $11,836 $1,091,400 $275,400 $816,000
2022 $5,660 $513,096 $179,885 $333,211
2021 $5,654 $503,035 $176,358 $326,677
2020 $5,397 $488,114 $171,127 $316,987
2019 $5,379 $478,544 $167,772 $310,772
2018 $5,248 $469,160 $164,482 $304,678
2017 $5,097 $459,961 $161,257 $298,704
2016 $4,864 $450,942 $158,095 $292,847
2015 $4,754 $444,168 $155,720 $288,448
2014 $4,632 $435,468 $152,670 $282,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22053720

California Regional Multiple Listing Service (CRMLS)

APN: 1046-363-19