NOT LISTED FOR SALE
12 Beds
8 Baths
5,920 Sq Ft
18,905 Sq Ft Lot

Last Sold April 27, 2016

Last sale price $1,200,000 $203 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Shed
  • Cope Middle School Rated A-
  • Laundry Room
  • Wall Furnace

About This Home

As of April 2016

Very desirable area of South Redlands, well maintained units. 4 1/1 and 4 2/1 units all have individual garages, laundry hook ups in each unit. only a block from the Beaver Medical Clinic. Rents are below market and the owner is not charging for the garages. This allows for an increase in income.

Last Agent to Sell the Property

Kenneth Patterson

KELLER WILLIAMS REALTY License #00774852 Listed on: 02/19/2016

KELLER WILLIAMS REALTY

Last Buyer's Agent

Scott Cheramie

MERIDIAN PROPERTY GROUP License #01409016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.43 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 5,920 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 0173051030000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,616
  • Insurance Expense $6,262
  • Trash Expense $1,400
  • Water Sewer Expense $1,400
  • New Taxes Expense $17,160
  • Gross Income $6,830
  • Net Operating Income $69,230

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.43 Acres

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: Yes
  • Water Sewer Expenses: 1400.00
  • Property Type: Residential Income
  • Parcel Number: 0173051030000
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 202.70

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 40.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18900.00
  • Price Per Lot Square Foot: 63.49
  • Lot Size Acres: 0.4340

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 780
  • Electric Expense: 1616.00
  • Gross Income: 6830.00
  • Gross Scheduled Income: 81692.00
  • Insurance Expense: 6262.00
  • Lot Size Area: 18900.0000 Square Feet
  • Net Operating Income: 69230.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 12563.00
  • Rent Control: No
  • Total Actual Rent: 6905.00

Tax Info

  • New Taxes Expense: 17160.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2016 04/27/16 Sold $1,200,000 -7.7% $203 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $1,300,000 +128.1% $220 / Sq Ft
08/15/2012 08/15/12 Sold $570,000 -28.7% $96 / Sq Ft View Prior Sale
07/17/2012 07/17/12 Pending -- -- --
06/30/2012 06/30/12 For Sale $799,000 -- $135 / 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 $17,837 $1,420,557 $443,923 $976,634
2024 $16,663 $1,392,703 $435,219 $957,484
2023 $16,644 $1,365,395 $426,685 $938,710
2022 $16,405 $1,338,623 $418,319 $920,304
2021 $16,702 $1,312,376 $410,117 $902,259
2020 $16,456 $1,298,919 $405,912 $893,007
2019 $15,999 $1,273,450 $397,953 $875,497
2018 $15,604 $1,248,480 $390,150 $858,330
2017 $15,474 $1,224,000 $382,500 $841,500
2016 $7,714 $592,934 $266,300 $326,634
2015 $7,659 $584,028 $262,300 $321,728
2014 $7,524 $572,588 $257,162 $315,426
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV16035896

California Regional Multiple Listing Service (CRMLS)

APN: 0173-051-03

Your Personal Tour Guide

Ask me questions while you tour the home.