NOT LISTED FOR SALE
12 Beds
8 Baths
5,920 Sq Ft
0.43 Acre Lot

Sale Details

Date 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
  • Wall Furnace
  • Cope Middle School Rated A-
  • Shed

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

  • 18,900 Sq Ft 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
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

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

Amenities

  • Laundry Facilities

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2026
Sold by
Bought by

Purchase Details

Listed on
Feb 19, 2016
Closed on
Mar 11, 2016
Sold by
Bought by
Seller's Agent
Kenneth Patterson
KELLER WILLIAMS REALTY
Buyer's Agent
Scott Cheramie
MERIDIAN PROPERTY GROUP
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
0.0373%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 30, 2012
Closed on
Jul 20, 2012
Sold by
Bought by
Seller's Agent
GINA IBARRA
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
BRAD HUNDMAN
KELLER WILLIAMS REALTY
List Price
$799,000
Sold Price
$570,000
Premium/Discount to List
-$229,000
-28.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.29%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,500,000 First American Title
$1,200,000 First American Title Company
$570,000 Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,350,000
Previous Owner $300,000
Previous Owner $890,000
Previous Owner $500,000
Previous Owner $270,000
Previous Owner $785,000
Previous Owner $780,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,837 $1,448,968 $452,801 $996,167
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV16035896

California Regional Multiple Listing Service (CRMLS)

APN: 0173-051-03

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