NOT LISTED FOR SALE

282 E Jackson St Rialto, CA 92376

Estimated Value: $868,215 - $1,029,000

10 Beds
4 Baths
7,484 Sq Ft
$130/Sq Ft Est. Value

Sale Details

Date Sold: February 5, 2016

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

Est. 11% increase in value since last sale

Current estimated payment $5,806 / mo

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

  • 15,311 Sq Ft 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

0.35 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Jan 21, 2016
Sold by
Bought by
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
$976,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,054
Avg. Annual Appreciation
1.00%
Original Mortgage
$330,000
Outstanding Balance
$262,284
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$713,770

Purchase Details

Closed on
Dec 3, 2015
Sold by
Bought by

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
$713,770

Purchase Details

Closed on
Aug 14, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 13, 2012
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jun 22, 2005
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Sep 22, 2000
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Aug 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 1996
Sold by
Bought by

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
Bought by

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
Bought by

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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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$440,000 First American Title Company
-- First American Title Company
-- First American Title Company
$332,500 North American Title Company
$293,500 Priority Title Company
$464,057 Accommodation
$579,000 Orange Coast Title Company
$360,000 Orange Coast Title Company
-- Chicago Title Co
$129,000 Orange Coast Title
$56,000 Fidelity National Title
$111,553 Fidelity Title
$111,553 Fidelity National Title Ins
-- --
-- --
-- --
-- North American Title Co
$100,000 North American Title Co
$62,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $330,000
Previous Owner $236,250
Previous Owner $220,125
Previous Owner $434,250
Previous Owner $288,000
Previous Owner $103,200
Previous Owner $55,200
Previous Owner $99,629
Previous Owner $49,200
Closed $6,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,527 $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

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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