NOT LISTED FOR SALE

Estimated Value: $494,000 - $553,000

3 Beds
3 Baths
1,500 Sq Ft
$350/Sq Ft Est. Value

Last Sold April 04, 2024

Last sale price $500,000 $333 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,973/month

4 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • Neighborhood Views
  • Laundry Room
  • Wall Furnace

About This Home

As of April 2024

Welcome to this fantastic investment opportunity in the city of Muscoy! This property features three units, providing an excellent chance for investors or those looking for a multi-family living arrangement. With three separate units, this property presents an income-generating opportunity. Ideal for savvy investors seeking to capitalize on the demand for rental properties in the area.

Last Agent to Sell the Property

Sofia Chacon

KW The Lakes Brokerage Phone: 951-258-5245 License #01763659 Listed on: 02/23/2024

KW The Lakes

Last Buyer's Agent

Jesse Reyes

Re/Max Top Producers License #01507176

Re/Max Top Producers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,421

Year Built

  • Built in 1958

Lot Details

  • 0.47 Acre Lot
  • 1 Common Wall
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 30
  • Tax Tract Number 2824
  • Assessor Parcel Number 0262101200000
  • $622 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,053
  • Trash Expense $1,313
  • Water Sewer Expense $421
  • Operating Expense $2,787
  • Net Operating Income $35,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,421

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 166333
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 421.08
  • Zoning: MS/RS-1-AA
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0262101200000
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Ground
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 333.33

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Septic Type Unknown
  • Trash Expense: 1313.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 20588.00
  • Lot Size Acres: 0.4726

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 1053.00
  • Lot Size Area: 20588.0000 Square Feet
  • Net Operating Income: 35400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 2950.00
  • Total Expenses: 2787.08

Tax Info

  • Tax Census Tract: 41.01
  • Tax Lot: 30
  • Tax Tract Number: 2824
  • TaxOtherAnnualAssessmentAmount: 622.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Mar 21, 2024
Sold by
Castaneda Arturo
Bought by
Lopez Brenda Christine
Seller's Agent
Sofia Chacon
KW The Lakes
Buyer's Agent
Jesse Reyes
Re/Max Top Producers
List Price
$499,000
Sold Price
$500,000
Premium/Discount to List
$1,000
0.2%
Views
45
Current Estimated Value
$524,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,617
Avg. Annual Appreciation
3.43%
Original Mortgage
$375,000
Interest Rate
6.9%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 30, 2016
Sold by
Velez Palemon and Velez Rosabel
Bought by
Castaneda Arturo

Purchase Details

Closed on
Sep 9, 2008
Sold by
Castaneda Arturo
Bought by
Velez Palemon and Velez Rosabel

Purchase Details

Closed on
Jun 8, 2001
Sold by
Lucero Manuela
Bought by
Castaneda Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.14%

Purchase Details

Closed on
May 8, 2001
Sold by
Darby Ernest L
Bought by
Castaneda Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.14%
Source: Public Records

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
Lopez Brenda Christine $500,000 Lawyers Title
Castaneda Arturo -- Lawyers Title
Castaneda Arturo -- Lawyers Title
Velez Palemon -- Accommodation
Castaneda Arturo -- Commonwealth Land Title Co
Castaneda Arturo $50,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Brenda Christine $379,000
Closed Lopez Brenda Christine $375,000
Previous Owner Castaneda Arturo $136,500
Previous Owner Castaneda Arturo $93,000
Previous Owner Castaneda Arturo $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2024 04/04/24 Sold $500,000 +0.2% $333 / Sq Ft
03/16/2024 03/16/24 For Sale $499,000 -0.2% $333 / Sq Ft
03/13/2024 03/13/24 Off Market $500,000 -- --
02/27/2024 02/27/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $499,000 -- $333 / 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 $2,421 $510,000 $153,000 $357,000
2024 $2,421 $177,280 $59,094 $118,186
2023 $2,360 $173,804 $57,935 $115,869
2022 $2,362 $170,396 $56,799 $113,597
2021 $2,364 $167,055 $55,685 $111,370
2020 $2,367 $165,342 $55,114 $110,228
2019 $2,300 $162,100 $54,033 $108,067
2018 $2,117 $158,922 $52,974 $105,948
2017 $3,069 $155,806 $51,935 $103,871
2016 $1,991 $152,751 $50,917 $101,834
2015 $2,028 $150,456 $50,152 $100,304
2014 $1,957 $147,509 $49,170 $98,339
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG24032774

California Regional Multiple Listing Service (CRMLS)

APN: 0262-101-20