NOT LISTED FOR SALE

Estimated Value: $1,080,836 - $1,249,000

8 Beds
8 Baths
3,792 Sq Ft
$310/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $955,000 $252 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,205/month

12 Days on Market

Highlights

  • 4 Car Direct Access Garage
  • Laundry Room
  • Back and Front Yard
  • Buchanan Elementary School Rated A-
  • Bike Trail

About This Home

As of November 2021

PRICED TO SELL! Vista Del Lago 4plex located in the heart of Murrieta! All units are rented with happy long-term tenants. Cash-flowing 2-story multi-family offers four units, each featuring 2 bedroom 1.5 baths, with an attached single car garage as well as plenty of additional parking. Each unit comes with its own laundry located in the garage, as well as a patio and private yard for barbecues and entertaining. Great location that is central to schools, restaurants, shopping, and the 79, 15 and 215 freeways. These units rarely come on the market and there are very few small multi-family developments in the Temecula Valley area, and will sell quickly! Great investment opportunity with huge upside in market rent.

Last Agent to Sell the Property

Daniel Poon

eXp Realty of California Inc License #01897213 Listed on: 10/03/2021

eXp Realty of California Inc

Last Buyer's Agent

Daniel Poon

eXp Realty of California Inc License #01897213 Listed on: 10/03/2021

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,473

Year Built

  • Built in 1988

Lot Details

  • 10,019 Sq Ft Lot
  • Two or More Common Walls
  • Back and Front Yard

HOA Fees

  • $65 Monthly HOA Fees

Parking

  • 4 Car Direct Access Garage
  • Parking Available

Home Design

  • Apartment
  • Planned Development

Interior Spaces

  • 3,792 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 62
  • Tax Tract Number 4476
  • Assessor Parcel Number 913201004
  • $558 per year additional tax assessments

Community Details

Overview

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

Recreation

  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,800
  • Other Expense $780
  • Trash Expense $1,680
  • Water Sewer Expense $2,000
  • Operating Expense $6,260
  • Gross Income $50,400
  • Net Operating Income $44,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,473

Year Built

Built in 1988

Lot Details

0

HOA Fees

$65 per month

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 913201004
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 251.85
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 65.00
  • Association Fee Frequency: Monthly
  • Association Name: Vista Del Lago HOA
  • Phone: 951-699-1220
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 948 Square Feet
  • Gross Income: 50400.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 44140.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 6260.00
  • Other Expense: 780.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Expenses: 6260.00

Tax Info

  • Tax Census Tract: 505.00
  • Tax Lot: 62
  • Tax Tract Number: 4476
  • TaxOtherAnnualAssessmentAmount: 558.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2021
Closed on
Nov 12, 2021
Sold by
Sureen Neeraj K
Bought by
Sureen Shashi
Seller's Agent
Daniel Poon
eXp Realty of California Inc
Buyer's Agent
Daniel Poon
eXp Realty of California Inc
List Price
$935,000
Sold Price
$955,000
Premium/Discount to List
$20,000
2.14%
Current Estimated Value
$1,175,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,709
Avg. Annual Appreciation
5.40%
Original Mortgage
$716,250
Outstanding Balance
$655,125
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$520,584

Purchase Details

Listed on
Oct 3, 2021
Closed on
Oct 15, 2021
Sold by
Eagle Crest Llc
Bought by
Fernandez Sydney and Fernandez Grace
Seller's Agent
Daniel Poon
eXp Realty of California Inc
Buyer's Agent
Daniel Poon
eXp Realty of California Inc
List Price
$935,000
Sold Price
$955,000
Premium/Discount to List
$20,000
2.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,250
Outstanding Balance
$655,125
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$520,584

Purchase Details

Closed on
Nov 21, 2020
Sold by
Tran Trieu and Chen Cindy
Bought by
Eagle Crest Llc

Purchase Details

Closed on
Jun 9, 2005
Sold by
Delvalle Cindy L
Bought by
Tran Trieu and Chen Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 8, 2004
Sold by
Clark Jeff A and Delvalle Cindy L
Bought by
Delvalle Cindy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 1999
Sold by
Wadman Robert K and Wadman Alice R
Bought by
Clark Jeff A and Delvalle Cindy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 1993
Sold by
Wadman Robert K and Wadman Alice R
Bought by
Wadman Robert K and Wadman Alice R
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
Sureen Shashi -- Ticor Title Company
Fernandez Sydney $955,000 Ticor Title Company
Eagle Crest Llc -- None Available
Tran Trieu $775,000 Gateway Title Company
Delvalle Cindy L -- Landsafe Title
Clark Jeff A $235,000 First American Title Co
Wadman Robert K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Sydney $716,250
Previous Owner Tran Trieu $620,000
Previous Owner Delvalle Cindy L $305,000
Previous Owner Clark Jeff A $164,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2021 11/16/21 Sold $955,000 +2.1% $252 / Sq Ft
10/03/2021 10/03/21 For Sale $935,000 -- $247 / 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 $11,473 $1,013,453 $302,444 $711,009
2023 $11,473 $974,100 $290,700 $683,400
2022 $11,432 $955,000 $285,000 $670,000
2021 $8,855 $728,229 $128,763 $599,466
2020 $8,169 $668,100 $124,440 $543,660
2019 $8,020 $655,000 $122,000 $533,000
2018 $8,020 $620,000 $120,000 $500,000
2017 $7,661 $620,000 $120,000 $500,000
2016 $7,013 $560,000 $117,000 $443,000
2015 $6,438 $508,000 $130,000 $378,000
2014 $4,771 $375,000 $105,000 $270,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21216139

California Regional Multiple Listing Service (CRMLS)

APN: 913-201-004