Leticia Sotomayor
Real Brokerage Technologies, I
(909) 479-2558
78 Total Sales
1 in Norco
$1,350,000 Price
3218 Sierra Ave Norco, CA 92860
Norco Area
10
Beds
5
Baths
4,250
Sq Ft
0.45
Acre Lot
Highlights
- Fireplace in Bathroom
- Recessed Lighting
- Ceiling Fan
- No HOA
- Forced Air Heating and Cooling System
- Laundry Facilities
About This Home
As of July 2014A rare, one-story, 5-unit apartment complex located in the city of Norco, California. The property boasts several amenities that are attractive to tenants, including professionally remodeled apartments, kitchen upgrades include new appliances and cabinets, recessed lighting throughout, tiled floors, and upgraded instant hot water heaters. The property has historically maintained 100% occupancy.
The apartments are situated on a total of approximately 19,602 square feet and there is about 4,250 square feet (to be verified) of rentable space. This is a clean, well maintained and newly upgraded complex that offers an on-site laundry facility.
Within 10 minutes of Orange County, Norco is an equestrian-oriented community where investors can easily take advantage of the opportunity to construct and lease out horse stables in the extremely spacious backyard which could possibly generate ±$15,000/yearly in additional income (to be verified/approved by City of Norco).
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 19,602 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
Interior Spaces
- 4,250 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Recessed Lighting
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
- Fireplace in Bathroom
Parking
- 7 Parking Spaces
- Parking Available
- Unassigned Parking
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 408
- Assessor Parcel Number 127030013
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Maintenance Expense $2,400
- Pest Control $780
- Trash Expense $3,120
- Water Sewer Expense $3,120
- New Taxes Expense $1,200
- Gross Income $71,640
- Net Operating Income $48,307
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
Closed on
Jan 1, 2015
Sold by
Simjee Sohail I
Bought by
Purchase Details
Listed on
Feb 24, 2014
Closed on
Jun 17, 2014
Sold by
Urschel Scott
Bought by
Simjee Sohail I and The Sohail I Simjee Trust
Seller's Agent
John Stephens
KW COMMERCIAL
Buyer's Agent
Soheila Shirazi
Surterre Properties Inc
List Price
$849,000
Sold Price
$765,000
Premium/Discount to List
-$84,000
-9.89%
Purchase Details
Closed on
Oct 5, 2004
Sold by
Snell Emma Jo Margaretha
Bought by
Urschel Scott and Matlietta Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 18, 1999
Sold by
Snell Emma M
Bought by
Snell Emma Jo Margaretha and The Jo Snell Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Norco, CA
-
Leticia Sotomayor
-
Yulia Basabilvazo
Yulia Basabilvazo
Elevate Real Estate Agency
(951) 339-2487
30 Total Sales
3 in Norco
$150K - $625K Price Range
-
Albert Soto
Albert Soto
True Inmobiliaria
(657) 279-5316
87 Total Sales
5 in Norco
$700K - $949K Price Range
-
Miguel Diaz
Miguel Diaz
KW The Lakes
(951) 309-9469
47 Total Sales
2 in Norco
$750,000 Price Range
-
James Vega
James Vega
Real Estate Mavens
(833) 919-2795
94 Total Sales
2 in Norco
$1,425,000 Price Range
-
Daniel Hopp
Daniel Hopp
First Team Real Estate
(562) 502-1877
38 Total Sales
2 in Norco
$1,294,245 Price Range
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 |
|---|---|---|---|
| -- | None Available | ||
| Simjee Sohail I | $765,000 | Fidelity National Title Co | |
| Urschel Scott | $550,000 | First American Title Ins Co | |
| Snell Emma Jo Margaretha | -- | -- |
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 |
|---|---|---|---|
| Previous Owner | $200,000 | ||
| Previous Owner | Urschel Scott | $385,000 |
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 |
|---|---|---|---|---|
| 07/16/2014 07/16/14 | Sold | $765,000 | -9.9% | $180 / Sq Ft |
| 06/13/2014 06/13/14 | Pending | -- | -- | -- |
| 02/24/2014 02/24/14 | For Sale | $849,000 | -- | $200 / Sq Ft |
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 |
|---|---|---|---|---|
| 2026 | $10,416 | $937,794 | $294,208 | $643,586 |
| 2025 | $10,075 | $919,407 | $288,440 | $630,967 |
| 2023 | $10,075 | $883,708 | $277,241 | $606,467 |
| 2022 | $9,754 | $866,381 | $271,805 | $594,576 |
| 2021 | $9,556 | $849,394 | $266,476 | $582,918 |
| 2020 | $9,450 | $840,685 | $263,744 | $576,941 |
| 2019 | $9,231 | $824,202 | $258,573 | $565,629 |
| 2018 | $9,018 | $808,042 | $253,503 | $554,539 |
| 2017 | $8,791 | $792,199 | $248,533 | $543,666 |
| 2016 | $8,701 | $776,666 | $243,660 | $533,006 |
| 2015 | $8,510 | $765,000 | $240,000 | $525,000 |
| 2014 | $6,840 | $625,392 | $221,729 | $403,663 |
Source: Public Records
Agents Affiliated with this Home
-
John Stephens
Seller's Agent in 2014
John Stephens
KW COMMERCIAL
(909) 509-5908
5 Total Sales
-
Soheila Shirazi
Buyer's Agent in 2014
Soheila Shirazi
Surterre Properties Inc
(949) 717-7100
58 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV14056991
APN: 127-030-013
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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