NOT LISTED FOR SALE

282 E Jackson St Rialto, CA 92376

Estimated Value: $872,317 - $1,220,000

10 Beds
4 Baths
7,484 Sq Ft
$140/Sq Ft Est. Value

Last Sold February 05, 2016

Last sale price $880,000 $118 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,986/month

8 Days on Market

About This Home

As of February 2016

We are pleased to present this investment offering, an 8 unit multi-family property located at 282 and 292 East Jackson Street in the city of Rialto, California. Investors may purchase both properties together as an 8 unit portfolio or as 2 individual 4-plexes. Built in 1966, both two story properties are situated on a 0.36 acre lot and have 7,484 combined rentable square feet. The properties are comprised of two buildings with 8 spacious units. The apartments consist of an excellent unit mix of 4, three-bedroom/ one and a half-bathroom units with approximately 1,071 square feet and 4, one-bedroom/ one-bathroom units with approximately 800 square feet. All of the three-bedroom/ one and a half -bathroom units are townhouse style. The front one-bedroom/ one-bathroom units are single story cottage style with private enclosed patios. The building offers 8, one car gated carports with plenty of street parking for tenants and guest. All units are individually metered for gas and electricity. Each unit is equipped with central air conditioning and heat, ample closet storage, electric stove range, dishwasher and granite countertops.

Last Agent to Sell the Property

David Lin

MARCUS & MILLICHAP License #01894476 Listed on: 11/09/2015

Last Buyer's Agent

David Lin

MARCUS & MILLICHAP License #01894476 Listed on: 11/09/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.35 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 7,484 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 7601
  • Tax Tract Number 16
  • Assessor Parcel Number 0127321070000

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Gardener Expense $1,080
  • Insurance Expense $1,890
  • Maintenance Expense $3,332
  • Other Expense $2,000
  • Professional Management Expense $5,133
  • Trash Expense $2,220
  • Water Sewer Expense $7,920
  • New Taxes Expense $11,658
  • Gross Income $7,195
  • Net Operating Income $49,237

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Professional Management Expense: 5133.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7920.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 0127321070000
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 117.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Trash Expense: 2220.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 15311.00
  • Price Per Lot Square Foot: 57.48
  • Lot Size Acres: 0.3510

Multi Family

  • Average1 Bed Area: 800
  • Average3 Bed Area: 1071
  • Electric Expense: 840.00
  • Gross Income: 7195.00
  • Gross Scheduled Income: 88140.00
  • Insurance Expense: 1890.00
  • Lot Size Area: 15311.0000 Square Feet
  • Maintenance Expense: 3332.00
  • Net Operating Income: 49237.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 36313.00
  • Other Expense: 2000.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 7195.00

Tax Info

  • New Taxes Expense: 11658.00
  • Tax Lot: 7601
  • Tax Tract Number: 16-17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Jan 21, 2016
Sold by
Lun Vouch
Bought by
Nguyen Michelle
Seller's Agent
David Lin
MARCUS & MILLICHAP
Buyer's Agent
David Lin
MARCUS & MILLICHAP
List Price
$920,000
Sold Price
$880,000
Premium/Discount to List
-$40,000
-4.35%
Current Estimated Value
$1,045,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,329
Avg. Annual Appreciation
1.75%
Original Mortgage
$330,000
Outstanding Balance
$262,284
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$783,045

Purchase Details

Closed on
Dec 3, 2015
Sold by
Nguyen Joseph
Bought by
Nguyen Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$262,284
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$783,045

Purchase Details

Closed on
Aug 14, 2012
Sold by
Dee Bunthan
Bought by
Lun Vouch

Purchase Details

Closed on
Jun 13, 2012
Sold by
Carter John A and Carter Linda
Bought by
Lun Vouch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2009
Sold by
Beatty Eric P
Bought by
Carter John A and Carter Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,125
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2007
Sold by
Carias Carlos
Bought by
Us Bank Na and C Bass Mortgage Loan Asset Backed Certif

Purchase Details

Closed on
Jun 22, 2005
Sold by
Trujillo John H and Trujillo Josie M
Bought by
Carias Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,250
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2004
Sold by
Rodriguez Jose R and Rodriguez Maria E
Bought by
Trujillo John J and Trujillo Josie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2002
Sold by
Rodriguez Jose E and Rodriguez Maria Elena
Bought by
Rodriguez Jose E and Rodriguez Maria E

Purchase Details

Closed on
Sep 22, 2000
Sold by
The Restoration Foundation
Bought by
Rodriguez Jose E and Rodriguez Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
7.65%

Purchase Details

Closed on
Apr 4, 2000
Sold by
Hud
Bought by
The Restorian Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,200
Interest Rate
8.22%

Purchase Details

Closed on
Feb 18, 2000
Sold by
Homeside Lending Inc
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,200
Interest Rate
8.22%

Purchase Details

Closed on
Sep 27, 1999
Sold by
Blanco Cecilia E
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Aug 10, 1999
Sold by
Calderon David
Bought by
Juarez Walter J

Purchase Details

Closed on
Jul 8, 1999
Sold by
Blanco Cecilia E
Bought by
Calderon David

Purchase Details

Closed on
Jul 30, 1996
Sold by
Blanco Ignacio
Bought by
Blanco Cecilia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,629
Interest Rate
8.23%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 1996
Sold by
Christian Steven S and Lazo Guadalupe S
Bought by
Blanco Cecilia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,629
Interest Rate
8.23%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 10, 1994
Sold by
American Svgs Bank Fa
Bought by
Christian Steven S and Lazo Guadalupe S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,200
Interest Rate
5.35%
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
Nguyen Michelle $440,000 First American Title Company
Nguyen Michelle -- First American Title Company
Lun Vouch -- First American Title Company
Lun Vouch $332,500 North American Title Company
Carter John A $293,500 Priority Title Company
Us Bank Na $464,057 Accommodation
Carias Carlos $579,000 Orange Coast Title Company
Trujillo John J $360,000 Orange Coast Title Company
Rodriguez Jose E -- Chicago Title Co
Rodriguez Jose E $129,000 Orange Coast Title
The Restorian Foundation $56,000 Fidelity National Title
Hud $111,553 Fidelity Title
Homeside Lending Inc $111,553 Fidelity National Title Ins
Juarez Walter J -- --
Calderon David -- --
Calderon David -- --
Blanco Cecilia E -- North American Title Co
Blanco Cecilia E $100,000 North American Title Co
Christian Steven S $62,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Michelle $330,000
Previous Owner Lun Vouch $236,250
Previous Owner Carter John A $220,125
Previous Owner Carias Carlos $434,250
Previous Owner Trujillo John J $288,000
Previous Owner Rodriguez Jose E $103,200
Previous Owner The Restorian Foundation $55,200
Previous Owner Blanco Cecilia E $99,629
Previous Owner Christian Steven S $49,200
Closed The Restorian Foundation $6,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2016 02/05/16 Sold $880,000 -4.3% $118 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
11/09/2015 11/09/15 For Sale $920,000 0.0% $123 / Sq Ft
01/27/2012 01/27/12 Rented $695 -30.2% --
01/26/2012 01/26/12 Under Contract -- -- --
10/07/2011 10/07/11 For Rent $995 -- --
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 $6,298 $520,872 $106,542 $414,330
2024 $6,298 $510,659 $104,453 $406,206
2023 $6,717 $500,646 $102,405 $398,241
2022 $6,237 $490,829 $100,397 $390,432
2021 $6,198 $481,204 $98,428 $382,776
2020 $6,239 $476,270 $97,419 $378,851
2019 $6,097 $466,932 $95,509 $371,423
2018 $5,919 $457,776 $93,636 $364,140
2017 $5,874 $448,800 $91,800 $357,000
2016 $4,589 $345,879 $52,012 $293,867
2015 $4,608 $340,684 $51,231 $289,453
2014 $4,337 $334,010 $50,227 $283,783
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Lin

    MARCUS & MILLICHAP

    Section Image

  • M

    Seller's Agent in 2012

    MIA MELLE

    WEST COAST PROPERTY SPECIALIS

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15242787

California Regional Multiple Listing Service (CRMLS)

APN: 0127-321-07

California San Bernardino County Rialto 92376

282 E Jackson St, Rialto, CA

Not Listed for Sale

MultiFamily

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