Seller's Agent in 2019
Janet Burke
RE/MAX
(951) 317-2532
21 in this area
116 Total Sales
419 Brookside Ave Redlands, CA 92373
South Redlands NeighborhoodEstimated Value: $1,254,280
2
Beds
6
Baths
4,262
Sq Ft
$294/Sq Ft
Est. Value
Highlights
- No HOA
- Fireplace
- Central Heating and Cooling System
- Cope Middle School Rated A-
- Laundry Room
- 4-minute walk to Smiley Park
About This Home
As of February 2019Amazing opportunity to own a Medical Bldg with 4 tenants in place. Current rents are $5780 with 650 sq ft available for an additional $1300 a month. Fully rented the building would gross cash flow $6730 a month.
Waiting room would account for approximately 412 sq. feet shared space with two suites.
1500 sq ft currently has a 4 year lease with 2 - 5 year options at $3750 and $3950(2nd term) a month. 500 sq. ft is rented for $530 a month (this is a year lease so there is up potential to raise the rent). Two units above the building are 600 sq. feet 1/1 each newly renovated and rent for $875 each. Located in a prime area of Redlands this charming building is a great investment opportunity and with the additional 650 sq feet available for another rental. 6 designated parking spaces behind the building. Newly stucco, new ramp being built. Zoned professional office
SUBJECT TO CANCELLATION OF PREVIOUS ESCROW.
Last Agent to Sell the Property
RE/MAX ADVANTAGE License #01111173 Listed on: 03/28/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 7,400 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- Tile Roof
Interior Spaces
- 4,262 Sq Ft Home
- 2-Story Property
- Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 6 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 1
- Assessor Parcel Number 0171223100000
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- 4 Leased Units
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,400
- Fuel Expense $360
- Insurance Expense $2,500
- Trash Expense $600
- Water Sewer Expense $2,400
- New Taxes Expense $9,625
- Operating Expense $17,885
- Gross Income $6,730
- Net Operating Income $53,015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 9, 2021
Sold by
Affinity Property Investments Llc
Bought by
Affinity Property Investments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,000
Interest Rate
2.98%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 28, 2018
Closed on
Feb 6, 2019
Sold by
Caley James Patrick and Caley Barbara
Bought by
Affinity Property Investments Llc
Seller's Agent
Janet Burke
RE/MAX ADVANTAGE
Buyer's Agent
Jacob Abeelen
T.N.G. Real Estate Consultants
List Price
$899,000
Sold Price
$890,000
Premium/Discount to List
-$9,000
-1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
Original Mortgage
$465,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 20, 2018
Sold by
Caley James and Caley Barbara
Bought by
James Patrick Caley and James Barbara Jean Cal
Purchase Details
Closed on
Mar 5, 2001
Sold by
Montross Ernest E
Bought by
Caley James and Caley Barbara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.92%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Affinity Property Investments Llc | -- | First American Title | |
| Affinity Property Investments Llc | $889,000 | Ticor Title | |
| James Patrick Caley | -- | None Available | |
| Caley James | $225,000 | Fidelity National Title Ins | |
| Montross Ernest E | -- | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Affinity Property Investments Llc | $487,000 | |
| Previous Owner | Affinity Property Investments Llc | $465,000 | |
| Previous Owner | Caley James | $180,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2019 02/08/19 | Sold | $890,000 | -1.0% | $209 / Sq Ft |
| 02/03/2019 02/03/19 | For Sale | $899,000 | 0.0% | $211 / Sq Ft |
| 10/11/2018 10/11/18 | Pending | -- | -- | -- |
| 08/17/2018 08/17/18 | For Sale | $899,000 | 0.0% | $211 / Sq Ft |
| 06/07/2018 06/07/18 | Pending | -- | -- | -- |
| 04/25/2018 04/25/18 | For Sale | $899,000 | 0.0% | $211 / Sq Ft |
| 04/10/2018 04/10/18 | Pending | -- | -- | -- |
| 03/28/2018 03/28/18 | For Sale | $899,000 | -- | $211 / Sq Ft |
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 | $12,291 | $991,696 | $189,637 | $802,059 |
| 2024 | $11,471 | $972,251 | $185,919 | $786,332 |
| 2023 | $11,458 | $953,188 | $182,274 | $770,914 |
| 2022 | $11,291 | $934,498 | $178,700 | $755,798 |
| 2021 | $11,499 | $916,174 | $175,196 | $740,978 |
| 2020 | $11,327 | $906,780 | $173,400 | $733,380 |
| 2019 | $3,797 | $303,933 | $49,980 | $253,953 |
| 2018 | $3,702 | $297,974 | $49,000 | $248,974 |
| 2017 | $3,671 | $292,131 | $48,039 | $244,092 |
| 2016 | $3,630 | $286,403 | $47,097 | $239,306 |
| 2015 | $3,603 | $282,101 | $46,390 | $235,711 |
| 2014 | $3,538 | $276,575 | $45,481 | $231,094 |
Source: Public Records
Agents Affiliated with this Home
-
Janet Burke
-
Jacob Abeelen
Buyer's Agent in 2019
Jacob Abeelen
T.N.G. Real Estate Consultants
(714) 394-3084
100 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV18070941
APN: 0171-223-10
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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