NOT LISTED FOR SALE

Estimated Value: $1,329,135 - $1,565,000

8 Beds
8 Baths
3,900 Sq Ft
$359/Sq Ft Est. Value

Last Sold July 16, 2024

Last sale price $1,325,000 $340 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,882/month

9 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Den
  • Laundry Room
  • Buchanan Elementary School Rated A-
  • Living Room
  • Tile Flooring

About This Home

As of July 2024

Experience pride of ownership and meticulous attention to detail in this well-maintained and upgraded investment property. This four-unit complex features uniform layouts, each with 2 bedrooms, an enclosed den/office (which can serve as a third bedroom), and 2 full bathrooms, including en suite baths in the primary bedrooms. Each unit comes with a fully enclosed single-car garage for parking and storage, plus a reserved parking space.
The downstairs units boast spacious backyards complete with patios, lawns, and planters, all maintained by a sprinkler or drip system. The upstairs units offer covered balconies with scenic greenbelt views. Every unit features recently upgraded kitchens, including cabinets, countertops, dishwashers, stoves, garbage disposals, sinks, and faucets. Additional recent upgrades include new flooring.
The property is equipped with central heating and air conditioning. Utilities are individually metered for natural gas and electricity.
Located centrally near schools, shopping, and both the 15 and 215 freeways, this property is fully rented with long-term tenants, and rents are current. There is potential to increase rents to market value.The seller is willing to cooperate with a buyer's 1031 exchange.This is a great opportunity to own a turnkey, income-producing property!

Last Agent to Sell the Property

Noosheen Detches

Jason Mitchell R. E. Calif Brokerage Phone: 949-439-7954 License #01961290 Listed on: 06/02/2024

Last Buyer's Agent

Kathy Blair

Pacific Sotheby's Int'l Realty License #01887905

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,330

Year Built

  • Built in 1993

Lot Details

  • 10,019 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Paved or Partially Paved Lot
  • Sprinkler System

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • 4 Car Garage
  • 5 Open Parking Spaces
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 3,900 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Den
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 8 Bathrooms

Additional Features

  • Water-Smart Landscaping
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 67
  • Tax Tract Number 4476
  • Assessor Parcel Number 913191002
  • $557 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Vista Del Lago Association, Phone Number (951) 699-1220
  • Elite Property Managment HOA

Recreation

  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $264
  • Gardener Expense $960
  • Insurance Expense $2,333
  • Maintenance Expense $2,437
  • Other Expense $720
  • Pest Control $780
  • Trash Expense $2,024
  • Water Sewer Expense $2,456
  • Operating Expense $11,974
  • Net Operating Income $73,106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,330

Year Built

Built in 1993

Lot Details

0

HOA Fees

$60 per month

Parking

4

Listing Details

  • CapRate: 5.62
  • Price Per Unit: 324750
  • Property Attached: Yes
  • Water Sewer Expenses: 2456.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 913191002
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Main door
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 339.74
  • Room Type: Den, Kitchen, Living Room, Main Floor Primary Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Uncovered
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Central
  • Laundry Features: In Closet
  • Pest Control Expense: 780.00
  • Sewer: Public Sewer
  • Trash Expense: 2024.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 60.00
  • Association Fee Frequency: Monthly
  • Association Name: Vista Del Lago
  • Phone: 951-699-1220
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks
  • Association Management: Elite Property Managment

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Paved, Sprinkler System
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300
  • Latitude Manual: 33.55446700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 264.00
  • Gross Scheduled Income: 85080.00
  • Insurance Expense: 2333.00
  • Lot Size Area: 10019.0000 Square Feet
  • Maintenance Expense: 2437.00
  • Net Operating Income: 73106.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Operating Expense: 11974.00
  • Other Expense: 720.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Expenses: 11974.00

Tax Info

  • Tax Census Tract: 505.01
  • Tax Lot: 67
  • Tax Tract Number: 4476
  • TaxOtherAnnualAssessmentAmount: 557.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2024
Closed on
Aug 3, 2024
Sold by
Shah Pratik and Shah Shraddhaben
Bought by
Ksp Real Estate Llc
Seller's Agent
Noosheen Detches
Jason Mitchell R. E. Calif
Buyer's Agent
Kathy Blair
Pacific Sotheby's Int'l Realty
List Price
$1,299,000
Sold Price
$1,325,000
Premium/Discount to List
$26,000
2%
Views
21
Current Estimated Value
$1,400,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,034
Avg. Annual Appreciation
5.09%
Original Mortgage
$662,500
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 2, 2024
Closed on
Jul 1, 2024
Sold by
Shah Mairsa
Bought by
Shah Pratik
Seller's Agent
Noosheen Detches
Jason Mitchell R. E. Calif
Buyer's Agent
Kathy Blair
Pacific Sotheby's Int'l Realty
List Price
$1,299,000
Sold Price
$1,325,000
Premium/Discount to List
$26,000
2%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,500
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 2, 2024
Closed on
Jun 14, 2024
Sold by
Frank R Gearhart Family Trust and Crawford Deanna
Bought by
Shah Pratik and Shah Shraddhaben
Seller's Agent
Noosheen Detches
Jason Mitchell R. E. Calif
Buyer's Agent
Kathy Blair
Pacific Sotheby's Int'l Realty
List Price
$1,299,000
Sold Price
$1,325,000
Premium/Discount to List
$26,000
2%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,500
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2022
Sold by
Richard Gearhart Frank
Bought by
Frank R Gearhart Family Trust

Purchase Details

Listed on
Aug 10, 2021
Closed on
Oct 20, 2021
Sold by
Agua Vista Llc
Bought by
Gearhart Frank Richard
Seller's Agent
David Redderson
HomeSmart, Evergreen Realty
Buyer's Agent
Noosheen Detches
Jason Mitchell R. E. Calif
List Price
$1,199,000
Sold Price
$1,205,000
Premium/Discount to List
$6,000
0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.99%

Purchase Details

Closed on
Apr 1, 2021
Sold by
Reitenour Robert R and Reitenour Nora E
Bought by
Agua Vista Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2021
Sold by
Agua Vista Llc
Bought by
Reitenour Robert R and Reitenour Nora E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2017
Sold by
Reitenour Robert R and Reitenour Nora E
Bought by
Agua Vista Llc

Purchase Details

Listed on
Sep 25, 2015
Closed on
Nov 2, 2015
Sold by
Maricic Nick
Bought by
Reitenour Robert R and Reitenour Nora E
Seller's Agent
Sabrina Maricic
SimpliHOM
Buyer's Agent
David Redderson
HomeSmart, Evergreen Realty
List Price
$649,000
Sold Price
$630,000
Premium/Discount to List
-$19,000
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.58%
Original Mortgage
$441,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2014
Sold by
Gonzalez Sonia
Bought by
Maricic Nick

Purchase Details

Closed on
Apr 19, 2007
Sold by
Gonzalez Sonia
Bought by
Gonzalez Sme Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,500
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2007
Sold by
Romero Raul
Bought by
Gonzalez Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,500
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2005
Sold by
Franklin Bradford
Bought by
Gonzalez Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,750
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2002
Sold by
Franklin Donna
Bought by
Franklin Bradford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2002
Sold by
Savant Kathy M
Bought by
Franklin Bradford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2001
Sold by
Deleo Frank
Bought by
Deleo Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2000
Sold by
Savant Kathy
Bought by
Savant Kathy M

Purchase Details

Closed on
Oct 15, 1999
Sold by
Zaccuri Daniel J and Guglielmo Zaccuri Guglielmo
Bought by
Savant Kathy and Deleo Frank
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
Ksp Real Estate Llc -- First Integrity Title
Shah Pratik -- First Integrity Title
Shah Shraddhaben -- First Integrity Title
Shah Pratik $1,325,000 First Integrity Title
Frank R Gearhart Family Trust -- None Listed On Document
Gearhart Frank Richard $1,205,000 Wfg Title Company Of Ca
Agua Vista Llc -- Ticor Ttl Orange Cnty Branch
Agua Vista Llc -- Ticor Ttl Orange Cnty Branch
Reitenour Robert R -- Ticor Title Company Of Ca
Agua Vista Llc -- None Available
Reitenour Robert R $630,000 Title365
Maricic Nick $520,000 Title 365
Gonzalez Sonia -- Title 365
Gonzalez Sme Llc -- None Available
Gonzalez Sonia -- Stewart Title
Gonzalez Sonia $705,000 Chicago Title Company
Franklin Bradford -- Fidelity National Title Ins
Franklin Bradford $315,000 Fidelity National Title Ins
Deleo Frank -- --
Deleo Frank -- --
Savant Kathy M -- --
Savant Kathy $245,000 Fidelity National Title
Savant Kathy -- Fidelity National Title
Deleo Robert -- Fidelity National Title
Deleo Steve -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shah Pratik $662,500
Previous Owner Reitenour Robert R $417,500
Previous Owner Agua Vista Llc $417,500
Previous Owner Reitenour Robert R $441,000
Previous Owner Gonzalez Sonia $578,500
Previous Owner Gonzalez Sonia $528,750
Previous Owner Franklin Bradford $275,000
Closed Gonzalez Sonia $105,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2024 07/16/24 Sold $1,325,000 0.0% $340 / Sq Ft
06/13/2024 06/13/24 Off Market $1,325,000 -- --
06/12/2024 06/12/24 Pending -- -- --
06/02/2024 06/02/24 For Sale $1,299,000 +7.8% $333 / Sq Ft
10/28/2021 10/28/21 Sold $1,205,000 +0.5% $309 / Sq Ft
08/10/2021 08/10/21 For Sale $1,199,000 +90.3% $307 / Sq Ft
12/17/2015 12/17/15 Sold $630,000 -2.9% $175 / Sq Ft
10/09/2015 10/09/15 Pending -- -- --
09/25/2015 09/25/15 For Sale $649,000 +24.8% $180 / Sq Ft
07/18/2014 07/18/14 Sold $520,000 0.0% $144 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
01/31/2014 01/31/14 For Sale $520,000 -- $144 / 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 $14,330 $1,325,000 $365,000 $960,000
2023 $14,330 $1,229,100 $372,300 $856,800
2022 $14,278 $1,205,000 $365,000 $840,000
2021 $8,407 $688,994 $174,982 $514,012
2020 $8,326 $681,930 $173,188 $508,742
2019 $8,173 $668,560 $169,793 $498,767
2018 $8,024 $655,452 $166,464 $488,988
2017 $7,919 $642,600 $163,200 $479,400
2016 $7,819 $630,000 $160,000 $470,000
2015 $6,576 $520,000 $110,000 $410,000
2014 $4,827 $380,000 $105,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24111311

California Regional Multiple Listing Service (CRMLS)

APN: 913-191-002