NOT LISTED FOR SALE

313 La Paloma St Redlands, CA 92373

South Redlands Neighborhood
10 Beds
5 Baths
3,525 Sq Ft
0.39 Acres

Last Sold June 10, 2014

Last sale price $607,000 $172 Per Sq Ft

14 Days on Market

Highlights

  • Spanish Architecture
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Cope Middle School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of June 2014

Beautiful 5-Unit complex with Spanish style courtyard in the heart of downtown Redlands. Walking distance to major shops and restaurants keeps this property fully occupied with very little lapse in vacancy. Each unit features 2 bedrooms/1 bathroom, it's own garage, and private yard. Each garage contains washer and dryer hook-ups. No common walls are shared for living areas. Connecting walls are on the exterior of each garage truly giving this complex the feel of 5 separate houses. The roof was said to be installed 6 years ago, and is in great condition. This is a turnkey investment opportunity for the pickiest investor. This will go quickly!

Last Agent to Sell the Property

Kevin Gibbs

KEVIN GIBBS, BROKER License #01860588 Listed on: 06/01/2014

Co-Listed By

Genevieve Loza

So Cal Realty & Associates License #01347835

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.39 Acre Lot
  • Property fronts an alley
  • No Common Walls
  • Block Wall Fence
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Cottage
  • Asphalt Roof

Interior Spaces

  • 3,525 Sq Ft Home
  • 1-Story Property
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 4456
  • Assessor Parcel Number 0171383220000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,620
  • Insurance Expense $1,800
  • Trash Expense $1,200
  • Water Sewer Expense $5,300
  • New Taxes Expense $7,000
  • Gross Income $4,700
  • Net Operating Income $40,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Inclusions: Stoves in each unit.
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s)
  • Water Sewer Expenses: 5300.00
  • Architectural Style: Cottage, Spanish
  • Property Type: Residential Income
  • Gardener Expense: 1620.00
  • Parcel Number: 0171383220000
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 172.20
  • Room Type: All Bedrooms Down

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 16800.00
  • Lot Size Acres: 0.3860

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 705
  • Gross Income: 4700.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 16800.0000 Square Feet
  • Net Operating Income: 40680.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 15720.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 8
  • Tax Tract Number: 4456
  • Tax Year: 2013

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2014 06/10/14 Sold $607,000 +5.6% $172 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $575,000 -- $163 / 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 $8,724 $744,100 $220,656 $523,444
2024 $8,724 $729,509 $216,329 $513,180
2023 $8,714 $715,205 $212,087 $503,118
2022 $8,589 $701,181 $207,928 $493,253
2021 $8,745 $687,432 $203,851 $483,581
2020 $8,616 $680,383 $201,761 $478,622
2019 $8,376 $667,042 $197,805 $469,237
2018 $8,169 $653,962 $193,926 $460,036
2017 $8,101 $641,140 $190,124 $451,016
2016 $8,011 $628,569 $186,396 $442,173
2015 $7,952 $619,127 $183,596 $435,531
2014 $4,614 $353,562 $97,056 $256,506
Source: Public Records

Agents Affiliated with this Home

  • Kevin Gibbs

    Seller's Agent in 2014

    Kevin Gibbs

    KEVIN GIBBS, BROKER

    (714) 696-1881

    35 Total Sales

    Kevin Gibbs
    Section Image

  • G

    Seller Co-Listing Agent in 2014

    Genevieve Loza

    So Cal Realty & Associates

    (951) 340-2101

    31 Total Sales

    Genevieve Loza
    Section Image
  • Prashant Sampat

    Buyer's Agent in 2014

    Prashant Sampat

    Pacific Avenue Realty

    (562) 841-0227

    7 in this area

    219 Total Sales

    Prashant Sampat
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14065852

California Regional Multiple Listing Service (CRMLS)
California San Bernardino County Redlands 92373 South Redlands

313 La Paloma St, Redlands, CA

Not Listed for Sale

MultiFamily

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