NOT LISTED FOR SALE
7 Beds
5 Baths
3 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: February 6, 2018

Last sale price $400,000 $133,333 Per Sq Ft

40 Days on Market

About This Home

As of February 2018

Located in downtown Banning, subject property is a perfect for the small investor, it features a total of five units on two legal lots. " one APN", one lot has two units and the other three units seat on the other lot. Subject property is also walking distance to schools, shopping and local restaurants.

Last Agent to Sell the Property

Gilbert Ayala

Gilbert Realty and Loans License #00936307 Listed on: 12/08/2017

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 11,607 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 99,1
  • Tax Tract Number 540
  • Assessor Parcel Number 540152020

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,000
  • Operating Expense $1,700
  • Gross Income $42,445
  • Net Operating Income $42,445

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0.27 Acres

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 540152020
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 11607.00

Multi Family

  • Gross Income: 42445.00
  • Gross Scheduled Income: 42445.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 42445.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 42445.00
  • Rent Control: No
  • Total Actual Rent: 3245.00
  • Total Expenses: 1700.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 441.01
  • Tax Lot: 99,1
  • Tax Tract Number: 540

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
Feb 6, 2019
Sold by
Bought by

Purchase Details

Listed on
Dec 8, 2017
Closed on
Jan 9, 2018
Sold by
Bought by
Seller's Agent
Gilbert Ayala
Gilbert Realty and Loans
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0399%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2016
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
$269,500
Interest Rate
0.0354%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2011
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
$168,006
Interest Rate
0.0394%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
-- Pacific Coast Title Company
$400,000 Stewart Title Of California
$385,000 Fidelity National Title Co
$184,000 First American 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 $11,647,000
Previous Owner $400,000
Previous Owner $269,500
Previous Owner $168,006
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 Prior Sale
02/06/2018 02/06/18 Sold $400,000 -5.9% $133,333 / Sq Ft
12/08/2017 12/08/17 For Sale $425,000 +10.4% $141,667 / Sq Ft
12/15/2016 12/15/16 Sold $385,000 -18.9% $113 / Sq Ft View Prior Sale
10/14/2016 10/14/16 Pending -- -- --
07/15/2014 07/15/14 For Sale $475,000 -- $140 / 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
2025 $6,745 $455,126 $136,537 $318,589
2023 $6,745 $437,454 $131,237 $306,217
2022 $6,062 $428,877 $128,664 $300,213
2021 $5,946 $420,469 $126,142 $294,327
2020 $5,897 $416,159 $124,849 $291,310
2019 $5,804 $408,000 $122,400 $285,600
2018 $5,664 $392,700 $96,900 $295,800
2017 $5,574 $385,000 $95,000 $290,000
2016 $2,772 $195,227 $89,125 $106,102
2015 $2,733 $192,296 $87,787 $104,509
2014 $2,716 $188,531 $86,068 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17276989

California Regional Multiple Listing Service (CRMLS)

APN: 540-152-020

Your Personal Tour Guide

Ask me questions while you tour the home.