NOT LISTED FOR SALE

34979 Avenue B Yucaipa, CA 92399

Estimated Value: $457,766 - $623,000

4 Beds
2 Baths
1,530 Sq Ft
$346/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $420,000 $275 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,299/month

22 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Ceiling Fan
  • Park
  • Tile Flooring
  • 2-minute walk to Center Park

About This Home

As of September 2020

Reduced! Multi-family income property with two separate homes on one parcel of land in Upper Yucaipa and two blocks from the Boulevard. Great investment! Each unit has two bedrooms and one full bathroom, large living room with dining area, kitchen and separate laundry areas. One of the units has an interconnected 2 car carport serving both units. The units have new interior paint, new carpeting and new tile flooring. All exteriors also have new paint. Close to a well maintained neighborhood Park and near public transportation and freeway close. New fencing and landscaping throughout. Both units are occupied with existing leases both below market rents, and with great upward potential. Potential cap rate of about 6.7%.

Last Agent to Sell the Property

Hani Gabriel

GABRIEL REALTY GROUP, INC. License #01420509 Listed on: 06/23/2020

Last Buyer's Agent

Pierre Khabbaz

Partners Plus Realty Inc. License #01889199

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,530 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, sewer, trash collection, water
  • Legal Lot and Block 10 / 110
  • Assessor Parcel Number 0319071100000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,200
  • New Taxes Expense $3,789
  • Operating Expense $5,589
  • Gross Income $27,600
  • Net Operating Income $22,011

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

7,500 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0319071100000
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 274.51
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 27600.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7500.0000 Square Feet
  • Net Operating Income: 22011.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5589.00
  • Rent Control: No
  • Total Expenses: 5589.00

Tax Info

  • New Taxes Expense: 3789.00
  • Tax Block: 110
  • Tax Census Tract: 88.00
  • Tax Lot: 10
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Sep 3, 2020
Sold by
Gabriel Ilani Wadie
Bought by
Kurkdjian Pierre
Seller's Agent
Hani Gabriel
GABRIEL REALTY GROUP, INC.
Buyer's Agent
Pierre Khabbaz
Partners Plus Realty Inc.
List Price
$449,000
Sold Price
$420,000
Premium/Discount to List
-$29,000
-6.46%
Current Estimated Value
$529,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,442
Avg. Annual Appreciation
4.28%
Original Mortgage
$405,982
Outstanding Balance
$360,282
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$169,160

Purchase Details

Closed on
Sep 17, 2014
Sold by
Ferraro Diane P
Bought by
Gabriel Hani W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2005
Sold by
Torres Robert
Bought by
Ferraro John C and Ferraro Diane P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,920
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 15, 2005
Sold by
Torres Robert
Bought by
Torres Robert and Torres Aurora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,920
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 31, 2005
Sold by
Torres Aurrora
Bought by
Torres Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kurkdjian Pierre $420,000 Lawyers Title Ie
Gabriel Hani W $249,000 Chicago Title Co
Ferraro John C $350,000 Commonwealth Title
Torres Robert -- --
Torres Robert -- Lawyers Title Company
Torres Robert $295,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kurkdjian Pierre $405,982
Previous Owner Gabriel Hani W $158,000
Previous Owner Ferraro John C $279,920
Previous Owner Torres Robert $265,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $420,000 -3.4% $275 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/11/2020 07/11/20 Price Changed $434,900 -3.1% $284 / Sq Ft
06/23/2020 06/23/20 For Sale $449,000 0.0% $293 / Sq Ft
01/31/2015 01/31/15 Rented $899 0.0% --
01/01/2015 01/01/15 Under Contract -- -- --
12/09/2014 12/09/14 For Rent $899 +2.7% --
11/07/2013 11/07/13 Rented $875 0.0% --
11/07/2013 11/07/13 For Rent $875 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,164 $454,621 $135,304 $319,317
2024 $5,989 $445,707 $132,651 $313,056
2023 $5,830 $436,968 $130,050 $306,918
2022 $5,723 $428,400 $127,500 $300,900
2021 $5,626 $420,000 $125,000 $295,000
2020 $3,937 $273,637 $49,453 $224,184
2019 $3,790 $268,271 $48,483 $219,788
2018 $3,248 $263,010 $47,532 $215,478
2017 $3,179 $257,853 $46,600 $211,253
2016 $3,137 $252,797 $45,686 $207,111
2015 $3,105 $249,000 $45,000 $204,000
2014 -- $260,200 $60,500 $199,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV20121847

California Regional Multiple Listing Service (CRMLS)

APN: 0319-071-10

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