NOT LISTED FOR SALE
6 Beds
5 Baths
5,600 Sq Ft
0.27 Acre Lot

Sale Details

Date Sold: April 13, 2015

Last sale price $552,000 $99 Per Sq Ft

98 Days on Market

Highlights

  • Mountain View
  • Paved or Partially Paved Lot
  • Wall Furnace
  • No HOA

About This Home

As of April 2015

GREAT INVESTMENT- Large 10 unit apartment complex in the City of Banning. Income at approximately $6000.00 a month with a High Cap Rate. Seller has done over $60,0000.00 in renovation in past two years, including new roof on back two units, new swamp cooler, new windows, new stairwells, remodeled kitchens, new laminate floors, and new paint. 4 new water heaters and 4 new furnaces have been installed. New exterior paint job.

Last Agent to Sell the Property

Anna Pathe

Top Producers Realty, Ryjen Group License #01793564 Listed on: 12/04/2014

Co-Listed By

Julie Bruckner

Top Producers Realty, Ryjen Group License #01221564

Last Buyer's Agent

Jason Lee

Team Spirit Realty License #01845646

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 11,703 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Property Attached

Interior Spaces

  • 5,600 Sq Ft Home
  • Laminate Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 13 / 224
  • Tax Tract Number 44101
  • Assessor Parcel Number 540152019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Insurance Expense $2,000
  • Maintenance Expense $5,000
  • Trash Expense $4,800
  • Water Sewer Expense $3,600
  • Gross Income $5,975
  • Net Operating Income $4,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0.27 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 540152019
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 98.57

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking Features: Assigned, Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Trash Expense: 4800.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre, 11-15 Units/Acre, Paved
  • Lot Size Sq Ft: 11703.00
  • Lot Size Acres: 0.2690

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 5975.00
  • Gross Scheduled Income: 5975.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 11703.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 4000.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 10
  • Operating Expense: 970.00
  • Rent Control: No

Tax Info

  • Tax Block: 224
  • Tax Lot: 13
  • Tax Tract Number: 44101
  • Tax Year: 2014

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

Listed on
Dec 4, 2014
Closed on
Mar 16, 2015
Sold by
Bought by
Seller's Agent
Anna Pathe
Top Producers Realty, Ryjen Group
Buyer's Agent
Jason Lee
Team Spirit Realty
List Price
$599,900
Sold Price
$552,000
Premium/Discount to List
-$47,900
-7.98%

Purchase Details

Closed on
Jun 17, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 4, 2013
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
$330,000
Interest Rate
0.0353%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 8, 2012
Closed on
Nov 16, 2012
Sold by
Bought by
Seller's Agent
Tony Guglielmo
ALLIED COMMERCIAL REAL ESTATE
Buyer's Agent
Jerry Sun
RE/MAX Premier Properties
List Price
$395,000
Sold Price
$400,000
Premium/Discount to List
$5,000
1.27%

Purchase Details

Listed on
Oct 8, 2012
Closed on
Nov 2, 2012
Sold by
Bought by
Seller's Agent
Tony Guglielmo
ALLIED COMMERCIAL REAL ESTATE
Buyer's Agent
Jerry Sun
RE/MAX Premier Properties
List Price
$395,000
Sold Price
$400,000
Premium/Discount to List
$5,000
1.27%

Purchase Details

Closed on
Jul 29, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 2002
Sold by
Bought by

Purchase Details

Closed on
May 12, 1997
Sold by
Bought by
Source: Public Records
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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
$552,000 First American Title Company
-- None Available
-- Title 365
-- Title 365
-- Old Republic Title
$400,000 Old Republic Title Company
-- None Available
$300,000 Stewart Title Of Ca Inc
$150,000 Commonwealth Land Title Co
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 $330,000
Previous Owner $250,000
Previous Owner $50,000
Previous Owner $2,100,000
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 Prior Sale
04/13/2015 04/13/15 Sold $552,000 -8.0% $99 / Sq Ft
03/12/2015 03/12/15 Pending -- -- --
12/04/2014 12/04/14 For Sale $599,900 +50.0% $107 / Sq Ft
11/26/2012 11/26/12 Sold $400,000 +1.3% $71 / Sq Ft View Prior Sale
10/22/2012 10/22/12 Pending -- -- --
10/08/2012 10/08/12 For Sale $395,000 -- $71 / 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 $9,034 $663,412 $132,199 $531,213
2023 $9,034 $637,653 $127,066 $510,587
2022 $8,836 $625,151 $124,575 $500,576
2021 $8,669 $612,894 $122,133 $490,761
2020 $8,596 $606,610 $120,881 $485,729
2019 $8,462 $594,716 $118,511 $476,205
2018 $8,414 $585,556 $116,188 $469,368
2017 $8,281 $574,124 $113,910 $460,214
2016 $7,874 $562,917 $111,677 $451,240
2015 $5,877 $418,650 $91,553 $327,097
2014 $5,841 $410,500 $89,760 $320,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14255536

California Regional Multiple Listing Service (CRMLS)

APN: 540-152-019

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