NOT LISTED FOR SALE

393 Cypress Ave Colton, CA 92324

Estimated Value: $592,000 - $689,000

5 Beds
3 Baths
2,270 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $408,000 $180 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,005/month

15 Days on Market

Highlights

  • Private Yard
  • Level Lot
  • 1-Story Property
  • No HOA
  • Heating System Uses Natural Gas

About This Home

As of August 2020

3 Single Story homes. 1 - Studio 468 sq ft recently updated, 1 - 2 Bedroom (1 of the bedroom's is unpermitted) 720 sq ft, a/c and heat do not work, 3 Bedrooms 1082 sq ft. outdated

2 of the homes need a lot of work, 2 gas meters, 1 electric meter and 1 water meter.

This property is professionally managed, A and B tenants long term 5 years plus. Security deposit, leases, rent rolls all on had. ty

Last Agent to Sell the Property

Concepcion Ruiz

Concepcion Ruiz License #01900207 Listed on: 06/08/2020

Last Buyer's Agent

Lupe Salazar

EXCELLENCE RE REAL ESTATE License #01900328

EXCELLENCE RE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,421

Year Built

  • Built in 1956

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Rural Setting
  • Level Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Triplex

Interior Spaces

  • 2,270 Sq Ft Home
  • 1-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 66
  • Assessor Parcel Number 0274182310000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Insurance Expense $100
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $500
  • Operating Expense $800
  • Gross Income $3,350
  • Net Operating Income $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,421

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 100.00
  • Zoning: R1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0274182310000
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 179.74
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Level, Yard
  • Lot Size Sq Ft: 12768.00
  • Lot Size Acres: 0.2931

Multi Family

  • Electric Expense: 100.00
  • Gross Income: 3350.00
  • Gross Scheduled Income: 3350.00
  • Insurance Expense: 100.00
  • Lot Size Area: 12768.0000 Square Feet
  • Net Operating Income: 3000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 350.00
  • Rent Control: Yes
  • Total Actual Rent: 4120.00
  • Total Expenses: 800.00

Tax Info

  • New Taxes Expense: 500.00
  • Tax Census Tract: 66.01
  • Tax Lot: 31
  • Tax Tract Number: 66.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2022
Sold by
Salazar Alma A and Salazar Joaquin
Bought by
Salazar Alma A
Total Days on Market
15
Current Estimated Value
$632,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$451,768
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$181,148

Purchase Details

Closed on
Feb 1, 2021
Sold by
Salazar Alma A
Bought by
Salazar Joaquin and Salazar Yolanda

Purchase Details

Listed on
Jun 8, 2020
Closed on
Jun 25, 2020
Sold by
Hidalgo Otto and Otto Hidalgo Living Trust
Bought by
Salazar Alma A
Seller's Agent
Concepcion Ruiz
Concepcion Ruiz
Buyer's Agent
Lupe Salazar
EXCELLENCE RE REAL ESTATE
List Price
$389,000
Sold Price
$408,000
Premium/Discount to List
$19,000
4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$400,610
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2018
Sold by
Hidalgo Otto
Bought by
Hidalgo Otto and The Otto Hidalgo Living Trust

Purchase Details

Closed on
Jun 6, 2013
Sold by
Tri Desert Investments Inc
Bought by
Hidalgo Otto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
4.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 12, 2011
Sold by
Hisland Corp
Bought by
Tri Desert Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 11, 2011
Sold by
Dsilva Melanie
Bought by
Hisland Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 10, 2006
Sold by
Tia Meng S and Chiu Benson Sung B
Bought by
Dsilva Melanie

Purchase Details

Closed on
Mar 23, 2006
Sold by
Dsilva John
Bought by
Dsilva Melanie

Purchase Details

Closed on
Jun 24, 2004
Sold by
Hisland Inc
Bought by
Tia Meng S and Chiu Benson Sung B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 28, 2003
Sold by
Dsilva Melanie
Bought by
Hisland Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 1, 2001
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Dsilva Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.08%

Purchase Details

Closed on
Jan 25, 2001
Sold by
Dsilva John
Bought by
Dsilva Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.08%

Purchase Details

Closed on
Nov 15, 2000
Sold by
Reaza Narcizo Ernest
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

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Range of Values:

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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
Salazar Alma A -- Provident Title
Salazar Joaquin -- Accommodation
Salazar Alma A $408,000 First American Title Company
Hidalgo Otto -- None Available
Hidalgo Otto $195,000 Fnt
Tri Desert Investments Inc -- None Available
Hisland Corp -- None Available
Dsilva Melanie -- United Title
Dsilva Melanie -- United Title
Tia Meng S $240,000 Old Republic Title Company
Hisland Inc -- --
Dsilva Melanie $51,000 Equity Title
Dsilva Melanie -- Equity Title
Federal Home Loan Mortgage Corporation $89,888 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salazar Alma A $470,000
Previous Owner Salazar Alma A $400,610
Previous Owner Hidalgo Otto $156,000
Previous Owner Hidalgo Otto $140,400
Previous Owner Tri Desert Investments Inc $132,000
Previous Owner Dsilva Melanie $395,000
Previous Owner Tia Meng S $27,500
Previous Owner Tia Meng S $216,000
Previous Owner Dsilva Melanie $142,500
Previous Owner Dsilva Melanie $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $408,000 +4.9% $180 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $389,000 +99.5% $171 / Sq Ft
08/22/2013 08/22/13 Sold $195,000 -2.5% $86 / Sq Ft
04/22/2013 04/22/13 Pending -- -- --
08/29/2012 08/29/12 For Sale $199,900 -- $88 / 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
2024 $5,421 $432,973 $137,957 $295,016
2023 $5,430 $424,483 $135,252 $289,231
2022 $5,264 $416,160 $132,600 $283,560
2021 $5,452 $408,000 $130,000 $278,000
2020 $3,043 $218,574 $44,835 $173,739
2019 $2,965 $214,288 $43,956 $170,332
2018 $2,762 $210,086 $43,094 $166,992
2017 $2,666 $205,967 $42,249 $163,718
2016 $2,733 $201,929 $41,421 $160,508
2015 $2,646 $198,896 $40,799 $158,097
2014 $2,734 $195,000 $40,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20109893

California Regional Multiple Listing Service (CRMLS)

APN: 0274-182-31