NOT LISTED FOR SALE

Estimated Value: $871,000 - $1,120,000

8 Beds
4 Baths
3,800 Sq Ft
$257/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $746,000 $196 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,050/month

17 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Rectangular Lot
  • Laundry Room

About This Home

As of June 2021

Great income producing small apartment complex! 4-unit apartment complex. each unit has 2bed/1bath and central A/C & heating. each unit is aprox. 900 s.f. there is a separate laundry room for residents' use, with coin operated washer/dryer for extra income to LL. property features roll up gate and fully fenced with wrought iron railing. within walking distance of shops, restaurants. just west of I-215Fwy. very close to major intersection of Perris Blvd. & 4th St. (State Hwy. 74). recently (1 year ago) concrete paved parking lot.

Last Agent to Sell the Property

George Tektonopoulos

Tekton Real Estate License #00999662 Listed on: 04/16/2021

Last Buyer's Agent

George Castillo

Gold America Real Estate Inc License #01154038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,988

Year Built

  • Built in 1980

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • 3,800 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 10 / 3
  • Assessor Parcel Number 310023008

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,200
  • Other Expense $2,000
  • Pest Control $600
  • Trash Expense $2,250
  • Water Sewer Expense $900
  • New Taxes Expense $9,500
  • Operating Expense $19,570
  • Gross Income $62,400
  • Net Operating Income $42,830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,988

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.36
  • Price Per Unit: 200000
  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Zoning: C1
  • Property Type: Residential Income
  • Parcel Number: 310023008
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 196.32

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 2250.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1200.00
  • Laundry Income: 300.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 42830.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 19570.00
  • Other Expense: 2000.00
  • Other Expense Description: repairs
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Total Expenses: 19570.00

Tax Info

  • New Taxes Expense: 9500.00
  • Tax Block: 3
  • Tax Census Tract: 428.00
  • Tax Lot: 10
  • Tax Tract Number: 00000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jun 16, 2021
Sold by
Medina Hector and Medina Luz Norma
Bought by
Medina Hector and Medina Norma Luz
Seller's Agent
George Tektonopoulos
Tekton Real Estate
Buyer's Agent
George Castillo
Gold America Real Estate Inc
List Price
$799,000
Sold Price
$746,000
Premium/Discount to List
-$53,000
-6.63%
Current Estimated Value
$974,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,746
Avg. Annual Appreciation
6.56%
Original Mortgage
$556,500
Outstanding Balance
$504,937
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$469,809

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 11, 2021
Sold by
Dominguez Genaro O
Bought by
Medina Hector and Medina Norma Luz
Seller's Agent
George Tektonopoulos
Tekton Real Estate
Buyer's Agent
George Castillo
Gold America Real Estate Inc
List Price
$799,000
Sold Price
$746,000
Premium/Discount to List
-$53,000
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Outstanding Balance
$504,937
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$469,809

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jul 15, 2016
Sold by
Sincere Management Llc
Bought by
Dominguez Genaro O
Seller's Agent
Stephen Leung
Century 21 Ludecke Inc.
Buyer's Agent
George Tektonopoulos
Tekton Real Estate
List Price
$388,000
Sold Price
$378,000
Premium/Discount to List
-$10,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.88%
Original Mortgage
$270,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2015
Sold by
Khun Property Management Llc
Bought by
Sincere Management Llc

Purchase Details

Closed on
Feb 20, 2013
Sold by
Khun Investment Inc
Bought by
Khun Property Management Llc

Purchase Details

Listed on
Apr 5, 2012
Closed on
Aug 2, 2012
Sold by
Lau Jonathan C M
Bought by
Khun Investments Inc
Seller's Agent
Darlene Kearney
CAPITAL REAL ESTATE & INV
Buyer's Agent
GARY KARASAWA
Mark III Properties
List Price
$181,900
Sold Price
$189,900
Premium/Discount to List
$8,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$130,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 5, 2012
Closed on
Jun 19, 2012
Sold by
Federal National Mortgage Association
Bought by
Lau Jonathan C M
Seller's Agent
Darlene Kearney
CAPITAL REAL ESTATE & INV
Buyer's Agent
GARY KARASAWA
Mark III Properties
List Price
$181,900
Sold Price
$189,900
Premium/Discount to List
$8,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2011
Sold by
Uriostegue Pedro
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 16, 2009
Sold by
Uriostegue Pedro
Bought by
Reconveyance Trustee Llc

Purchase Details

Closed on
Mar 23, 2006
Sold by
Uriostegue Pedro M
Bought by
Uriostegue Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 5, 2005
Sold by
Uriostegue Juliana L
Bought by
Uriostegue Pedro M

Purchase Details

Closed on
Oct 8, 2002
Sold by
Parker John W and Parker Ethelind B
Bought by
Martinez Cesario F and Fuentes Rosa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 1995
Sold by
Perris Valley Redevelopment Company
Bought by
Parker John and Parker Ethelind B
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
Medina Hector -- Accommodation
Medina Hector $746,000 Chicago Title Company
Dominguez Genaro O $360,000 First Amer Title Co Of Los A
Sincere Management Llc -- Accommodation
Khun Property Management Llc -- None Available
Khun Investments Inc -- None Available
Lau Jonathan C M $190,000 Lsi Title Company Inc
Federal National Mortgage Association $152,100 Accommodation
Reconveyance Trustee Llc -- None Available
Uriostegue Pedro -- Ticor Title Company Of Ca
Uriostegue Pedro M -- Orange Coast Title Ins Co
Uriostegue Pedro M $435,000 Orange Coast Title Ins Co
Martinez Cesario F $215,000 Chicago Title Co
Parker John $93,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Hector $556,500
Previous Owner Dominguez Genaro O $270,000
Previous Owner Khun Investments Inc $130,000
Previous Owner Uriostegue Pedro $448,000
Previous Owner Martinez Cesario F $225,900
Previous Owner Martinez Cesario F $172,000
Closed Martinez Cesario F $10,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $746,000 -6.6% $196 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $799,000 +111.4% $210 / Sq Ft
07/26/2016 07/26/16 Sold $378,000 -2.6% $105 / Sq Ft
07/15/2016 07/15/16 Price Changed $388,000 0.0% $108 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $388,000 +104.3% $108 / Sq Ft
06/25/2012 06/25/12 Sold $189,900 +4.4% $53 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $181,900 -- $51 / 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 $8,988 $807,492 $156,952 $650,540
2023 $8,988 $776,138 $150,858 $625,280
2022 $8,891 $760,920 $147,900 $613,020
2021 $4,522 $385,991 $80,414 $305,577
2020 $4,478 $382,034 $79,590 $302,444
2019 $4,374 $374,544 $78,030 $296,514
2018 $4,175 $367,200 $76,500 $290,700
2017 $4,118 $360,000 $75,000 $285,000
2016 $3,549 $310,000 $70,000 $240,000
2015 $2,274 $198,460 $31,351 $167,109
2014 $2,222 $194,575 $30,738 $163,837
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21080303

California Regional Multiple Listing Service (CRMLS)

APN: 310-023-008