NOT LISTED FOR SALE

284 N Palm Ave Unit AC Upland, CA 91786

Estimated Value: $702,000 - $744,000

4 Beds
3 Baths
2,033 Sq Ft
$358/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $660,000 $325 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,669/month

1 Day on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Laundry Room
  • Upland High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot

About This Home

As of June 2023

Nice well maintained Triplex in Upland Two 1 bedrooms 1 bath units approximately 600sf each and one 2 bedroom 1 bath approximately 800sf. Located south of Arrow and west of Euclid on a tree lines street. Separate Gas and Electric meters along with separate water heaters. Owner pays water trash sewer. Each unit has laundry hook ups. Each unit has a fenced patio yard area. Units were rehabbed approximately 7-10 years ago with new window and new kitchens and flooring in addition the roof was redone. One 1 bedroom is vacant at this time. Each unit has wall/window AC units and wall heater. There is good upside potential. Existing tenants are on month to month lease and have been long term. Off street parking of least 3 spots plus you could possibly add 1 more

Last Listed By

David Kubes

Realty Masters & Associates License #01300813 Listed on: 04/21/2023

Realty Masters & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,342

Year Built

  • Built in 1955

Lot Details

  • 6,762 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Rectangular Lot

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Tar and Gravel Roof

Interior Spaces

  • 2,033 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Laundry in Kitchen
  • Gas Dryer Hookup

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Driveway

Location

  • Urban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 2
  • Tax Tract Number 8015
  • Assessor Parcel Number 1046362260000
  • $637 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $40
  • Water Sewer Expense $100
  • New Taxes Expense $7,500
  • Operating Expense $11,680
  • Gross Income $61,200
  • Net Operating Income $61,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,342

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 7.00
  • Price Per Unit: 230000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 100.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 1046362260000
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: south side
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 324.64
  • Room Type: All Bedrooms Down, Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Tar/Gravel
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Asphalt
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Outside
  • Sewer: Public Sewer
  • Trash Expense: 40.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6762.00
  • Lot Size Acres: 0.1552

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 61200.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6762.0000 Square Feet
  • Net Operating Income: 61200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Rent Control: No
  • Total Expenses: 11680.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Block: 2
  • Tax Census Tract: 8.24
  • Tax Lot: 4
  • Tax Tract Number: 8015
  • TaxOtherAnnualAssessmentAmount: 637.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 4, 2023
Sold by
Carter Michelle Ann
Bought by
Carter Pat L
Seller's Agent
David Kubes
Realty Masters & Associates
Buyer's Agent
David Kubes
Realty Masters & Associates
List Price
$690,000
Sold Price
$660,000
Premium/Discount to List
-$30,000
-4.35%
Total Days on Market
1
Views
34
Current Estimated Value
$728,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,259
Avg. Annual Appreciation
7.73%
Original Mortgage
$396,000
Outstanding Balance
$388,423
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$375,249

Purchase Details

Listed on
Apr 21, 2023
Closed on
Apr 25, 2023
Sold by
Jane A Vetter Living Trust
Bought by
Zhou And Wang Family Trust
Seller's Agent
David Kubes
Realty Masters & Associates
Buyer's Agent
David Kubes
Realty Masters & Associates
List Price
$690,000
Sold Price
$660,000
Premium/Discount to List
-$30,000
-4.35%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Outstanding Balance
$388,423
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$375,249

Purchase Details

Closed on
Sep 13, 2022
Sold by
Vetter Jane A
Bought by
Jane A Vetter Living Trust

Purchase Details

Closed on
Nov 1, 2021
Sold by
Carter Nicole and Carter Richmond
Bought by
Vetter Jane A

Purchase Details

Closed on
Jun 16, 2014
Sold by
Quackenbush Richmond V
Bought by
Richmond & Dolly Quackenbush Family Dece and Richmond & Dolly Quackenbush Family Surv

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
Carter Pat L -- First American Title
Zhou And Wang Family Trust $660,000 First American Title
Jane A Vetter Living Trust -- --
Vetter Jane A -- None Available
Carter Pat L -- None Available
Richmond & Dolly Quackenbush Family Dece -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou And Wang Family Trust $396,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Sold $660,000 -4.3% $325 / Sq Ft
04/22/2023 04/22/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $690,000 -- $339 / 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 $7,342 $673,200 $234,600 $438,600
2023 $7,739 $707,472 $249,696 $457,776
2022 $7,573 $693,600 $244,800 $448,800
2021 $671 $44,298 $7,971 $36,327
2020 $653 $43,844 $7,889 $35,955
2019 $652 $42,984 $7,734 $35,250
2018 $640 $42,141 $7,582 $34,559
2017 $622 $41,314 $7,433 $33,881
2016 $449 $40,504 $7,287 $33,217
2015 $439 $39,896 $7,178 $32,718
2014 $428 $39,114 $7,037 $32,077
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG23067744

California Regional Multiple Listing Service (CRMLS)

APN: 1046-362-26