NOT LISTED FOR SALE

4265 Kingsley St Montclair, CA 91763

Estimated Value: $1,128,000 - $1,182,746

5 Beds
4 Baths
3,994 Sq Ft
$289/Sq Ft Est. Value

Last Sold January 08, 2020

Last sale price $765,000 $192 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,816/month

18 Days on Market

Highlights

  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA
  • Living Room
  • 4 Car Garage

About This Home

As of January 2020

4 UNITS WITH GREAT INCOME POTENTIAL! PRICED BELOW SIMILAR RECENTLY SOLD UNITS! The front building contains a single-story home with 3 bedrooms, 2 baths, a living room, dining area, kitchen, and indoor laundry. There rear building contains 3 units, each with 2 bedrooms and a bath, a 4 car garage, and a common laundry area. There is additional open parking as well.

CURRENT RENTS ARE BELOW MARKET VALUE! The front unit is currently vacant and has market rents between $1,300 to $1,500 gross per month. The rear 3 units are rented at $550 each and have market rents between $1,000 to $1,100 per month!

Located across the street from the Monclair Community Fruit Park. Conveniently located near Montclair High School, The Montclair Place, and freeway access.

Last Agent to Sell the Property

Donald Mowery

EXP REALTY OF CALIFORNIA INC License #01193547 Listed on: 11/14/2019

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,989

Year Built

  • Built in 1963

Lot Details

  • 7,128 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Property Views

  • Mountain
  • Park or Greenbelt
  • Neighborhood

Home Design

  • Quadruplex
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,994 Sq Ft Home
  • Window Screens
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 6617
  • Assessor Parcel Number 1009514080000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,500
  • Operating Expense $12,400
  • Gross Income $19,800
  • Net Operating Income $6,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,989

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1009514080000
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One, Two
  • Price Per Square Foot: 191.54
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: Mountain(s), Neighborhood, Park/Greenbelt
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Pool Private: No
  • Roof: Asphalt, Composition, Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Frame, Glass, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Garage, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7128.00
  • Lot Size Acres: 0.1636

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 897 Square Feet
  • Average3 Bed Area: 1360 Square Feet
  • Gross Income: 19800.00
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7128.0000 Square Feet
  • Net Operating Income: 6350.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Operating Expense: 12400.00
  • Rent Control: Yes
  • Total Actual Rent: 1650.00
  • Total Expenses: 12400.00
  • Vacancy Allowance: 1050

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Census Tract: 3.01
  • Tax Lot: 1
  • Tax Tract Number: 6617

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2021
Sold by
Golden Opportdnity No 28 Lp
Bought by
Cobra 28 No 8 Lp
Current Estimated Value
$1,108,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,142,000
Outstanding Balance
$3,750,065
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$2,637,597

Purchase Details

Listed on
Nov 14, 2019
Closed on
Dec 12, 2019
Sold by
Johnson Robert L
Bought by
Golden Opportunity No 28 Lp
Seller's Agent
Donald Mowery
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$765,000
Sold Price
$765,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
Nov 24, 2009
Sold by
Brown Betty Jean
Bought by
Brown Betty Jean and The Betty Jean Brown Revocable
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
Cobra 28 No 8 Lp -- Orange Coast Title Co
Golden Opportunity No 28 Lp $765,000 Ticor Title
Brown Betty Jean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobra 28 No 8 Lp $4,142,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2020 01/08/20 Sold $765,000 0.0% $192 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
11/14/2019 11/14/19 For Sale $765,000 -- $192 / 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 $8,989 $836,640 $295,284 $541,356
2024 $8,989 $820,235 $289,494 $530,741
2023 $8,736 $804,152 $283,818 $520,334
2022 $8,621 $788,384 $278,253 $510,131
2021 $8,567 $772,925 $272,797 $500,128
2020 $8,417 $765,000 $270,000 $495,000
2019 $946 $89,196 $13,156 $76,040
2018 $931 $87,447 $12,898 $74,549
2017 $897 $85,732 $12,645 $73,087
2016 $861 $84,051 $12,397 $71,654
2015 $854 $82,789 $12,211 $70,578
2014 $826 $81,167 $11,972 $69,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19264930

California Regional Multiple Listing Service (CRMLS)

APN: 1009-514-08