NOT LISTED FOR SALE

380 E Nicolet St Banning, CA 92220

14 Beds
11 Baths
-- Sq Ft
94,961 Sq Ft Lot

Last Sold December 30, 2014

Last sale price $1,175,000

22 Days on Market

About This Home

As of December 2014

LARGE INCOME PROPERTY IN EAST BANNING WITH 25 UNITS BEING SOLD "AS-IS".

Last Agent to Sell the Property

Tammy Newsom

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #01714049 Listed on: 08/20/2014

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Last Buyer's Agent

Tammy Newsom

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #01714049 Listed on: 08/20/2014

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2.18 Acre Lot
  • 1 Common Wall

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 11 Bathrooms

Parking

  • 25 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 541103031

Community Details

Overview

  • 24 Buildings
  • 25 Units

Building Details

  • 21 Leased Units
  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $4,800
  • Insurance Expense $12,000
  • Maintenance Expense $18,000
  • Trash Expense $2,400
  • Water Sewer Expense $16,800
  • New Taxes Expense $19,425
  • Gross Income $13,500
  • Net Operating Income $61,404

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

2.18 Acres

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 16800.00
  • Property Type: Residential Income
  • Parcel Number: 541103031
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 25.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 94961.00
  • Lot Size Acres: 2.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 4800.00
  • Gross Income: 13500.00
  • Gross Scheduled Income: 150900.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 94961.0000 Square Feet
  • Maintenance Expense: 18000.00
  • Net Operating Income: 61404.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 21
  • Number Of Units Total: 25
  • Operating Expense: 67896.00
  • Rent Control: No
  • Total Actual Rent: 11950.00

Tax Info

  • New Taxes Expense: 19425.00
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2014 12/30/14 Sold $1,175,000 -9.3% --
09/06/2014 09/06/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $1,295,000 -- --
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 $27,010 $1,991,198 $568,913 $1,422,285
2023 $27,010 $1,913,879 $546,822 $1,367,057
2022 $26,426 $1,876,352 $536,100 $1,340,252
2021 $25,916 $1,839,562 $525,589 $1,313,973
2020 $25,712 $1,820,700 $520,200 $1,300,500
2019 $25,223 $1,785,000 $510,000 $1,275,000
2018 $25,071 $1,750,000 $500,000 $1,250,000
2017 $17,536 $1,216,775 $300,310 $916,465
2016 $16,675 $1,192,918 $294,422 $898,496
2015 $16,439 $1,175,000 $290,000 $885,000
2014 $13,269 $934,105 $220,364 $713,741
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14177815

California Regional Multiple Listing Service (CRMLS)

APN: 541-103-031

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