NOT LISTED FOR SALE

405 Fairwood Way Upland, CA 91786

Estimated Value: $1,162,000 - $1,422,000

8 Beds
4 Baths
4,028 Sq Ft
$318/Sq Ft Est. Value

Last Sold April 29, 2013

Last sale price $456,000 $113 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $7,193/month

1 Day on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Upland High School Rated A-
  • Laundry Room
  • Ceiling Fan

About This Home

As of April 2013

Perfect investment opportunity! 4-plex in Upland near schools, shopping, freeways. Each unit has 2BR/1.5BA and is approx. 1,000 SF. Each unit has its own separate garage, separate storage room inside garage. Ceiling fans, individual wall heater and individual window A/C in all units. Units A, B, C have small, private, fenced yards. Priced to sell. Won't last long at this price.

Last Agent to Sell the Property

Colleen Coleman

Colleen Coleman, Broker License #01470735 Listed on: 01/24/2013

Last Buyer's Agent

Colleen Coleman

Colleen Coleman, Broker License #01470735 Listed on: 01/24/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,800 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,028 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 29
  • Tax Tract Number 6783
  • Assessor Parcel Number 1007485030000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $421
  • Gardener Expense $1,800
  • Insurance Expense $2,345
  • Maintenance Expense $4,400
  • Other Expense $1,390
  • Trash Expense $1,303
  • Water Sewer Expense $1,765
  • New Taxes Expense $7,532
  • Gross Income $4,075
  • Net Operating Income $25,364

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1765.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 1007485030000
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet, Tile, Vinyl
  • Levels: Two
  • Price Per Square Foot: 113.21

Exterior Features

  • Foundation: Slab
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Trash Expense: 1303.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7800.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000
  • Electric Expense: 421.00
  • Gross Income: 4075.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 2345.00
  • Lot Size Area: 7800.0000 Square Feet
  • Maintenance Expense: 4400.00
  • Net Operating Income: 25364.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 1885.00
  • Other Expense: 1390.00
  • Other Expense Description: Legal
  • Other Income Description: $4075/m with all units rented
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7532.00
  • Tax Lot: 29
  • Tax Tract Number: 6783
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2013
Closed on
Apr 22, 2013
Sold by
Guzman Edmond and Guzman Debra
Bought by
Chen Chien Hsun and Hsu Tsui Yu Cheri
Seller's Agent
Colleen Coleman
Colleen Coleman, Broker
Buyer's Agent
Colleen Coleman
Colleen Coleman, Broker
List Price
$415,000
Sold Price
$456,000
Premium/Discount to List
$41,000
9.88%
Current Estimated Value
$1,279,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$823,195
Avg. Annual Appreciation
8.47%

Purchase Details

Closed on
Mar 26, 2007
Sold by
Guzman Edmond and Guzman Debra
Bought by
Guzman Edmond and Guzman Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$591,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2004
Sold by
Chen Tanya H
Bought by
Guzman Edmond and Guzman Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2004
Sold by
Lam Ken
Bought by
Chen Tanya H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2004
Sold by
Dublin H Grady and Dublin Sue C
Bought by
Chen Tanya H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2002
Sold by
Dublin H Grady and Dublin Sue C
Bought by
Dublin H Grady and Dublin Sue C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
5.68%

Purchase Details

Closed on
Aug 26, 1994
Sold by
Dublin H G and Dublin Sue C
Bought by
1994 Dublin Family Revocable Trust

Purchase Details

Closed on
Jan 6, 1994
Sold by
Pickard Harry L and Pickard Joanne
Bought by
Dublin H G and Dublin Sue C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Chien Hsun $456,000 Title 365
Guzman Edmond -- Investors Title Company
Guzman Edmond $635,000 Atc-Glendale
Chen Tanya H -- Investors Title Co San Bern
Chen Tanya H $549,000 Investors Title Co San Bern
Dublin H Grady -- First American Title
1994 Dublin Family Revocable Trust -- --
Dublin H G $220,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guzman Edmond $591,000
Previous Owner Guzman Edmond $476,250
Previous Owner Chen Tanya H $439,000
Previous Owner Dublin H Grady $174,000
Previous Owner Dublin H G $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2013 04/29/13 Sold $456,000 +9.9% $113 / Sq Ft
01/25/2013 01/25/13 Pending -- -- --
01/24/2013 01/24/13 For Sale $415,000 -- $103 / 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 $6,050 $561,529 $197,026 $364,503
2024 $6,050 $550,519 $193,163 $357,356
2023 $5,959 $539,724 $189,375 $350,349
2022 $5,831 $529,141 $185,662 $343,479
2021 $5,824 $518,766 $182,022 $336,744
2020 $5,667 $513,447 $180,156 $333,291
2019 $5,648 $503,380 $176,624 $326,756
2018 $5,510 $493,510 $173,161 $320,349
2017 $5,352 $483,834 $169,766 $314,068
2016 $5,116 $474,347 $166,437 $307,910
2015 $5,000 $467,222 $163,937 $303,285
2014 $4,871 $458,070 $160,726 $297,344
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13009951

California Regional Multiple Listing Service (CRMLS)

APN: 1007-485-03