$969,900
SOLD MAR 14, 2025
4 Beds
4 Baths
2,334 Sq Ft
8,166 Sq Ft Lot

Recently Sold

$416 Per Sq Ft

36 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • Wood Frame Window
  • 2-minute walk to Lincoln Park

About This Home

As of March 2025

4 Plex in Lincoln Park- 4 separate addresses- 505 and 507 E Columbia and 1140 and 1144 Eleanor- one APN. BRAND NEW ROOF on ENTIRE COMPLEX. Each unit is identical- 586 sqft equipped with living room, dining area, kitchen with gas range, wall heater, 1 bedroom, 1 bathroom and 1 car garage. Original wood floors, lathe and plaster walls, original doors, charming built in's, original windows, original color tiles in bathrooms and kitchen, wall units, and ample storage. These turnkey units are located in the prestigious Lincoln Park Historic District. You will not find income property such mint condition! These units show pride of ownership and have kept the integrity of the 1930’s. Situationed on a prime corner of Lincoln Park on Eleanor and Columbia. Long time tenants in 2 of the units and 2 vacant unit. You can begin collecting rents immediately and begin fulfilling your dream of owning income properties. They will go fast!

Last Agent to Sell the Property

MEGANN CENTENO

OMEGA REAL ESTATE Brokerage Phone: 909-291-9494 License #01947371 Listed on: 01/06/2025

Co-Listed By

MARIO SOTELO

OMEGA REAL ESTATE Brokerage Phone: 909-291-9494 License #02020083

Last Buyer's Agent

OMAR MAYORGA

RE/MAX MASTERS REALTY License #02129366

RE/MAX MASTERS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,925

Year Built

  • Built in 1939

Lot Details

  • 8,166 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Sprinkler System
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Plaster
  • Stucco

Interior Spaces

  • 2,334 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Panel Doors
  • Neighborhood Views
  • Gas Range
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

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

Additional Features

  • No Interior Steps
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Legal Lot and Block 22 / M
  • Tax Tract Number 891
  • Assessor Parcel Number 8338028022
  • $886 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $3,000
  • Insurance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,668
  • Operating Expense $8,000
  • Gross Income $79,800
  • Net Operating Income $71,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,925

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: Megann Centeno
  • Other Phone Number: 951-415-9044
  • Price Per Unit: 242475
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: POR106
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 8338028022
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 415.55
  • Room Type: All Bedrooms Down
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Plaster, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinkler System
  • Lot Size Sq Ft: 8166.00
  • Lot Size Acres: 0.1875

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Gross Income: 79800.00
  • Gross Scheduled Income: 79800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 8166.0000 Square Feet
  • Net Operating Income: 71800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Range: 4
  • Operating Expense: 8000.00
  • Rent Control: Yes
  • Total Expenses: 8000.00

Tax Info

  • New Taxes Expense: 10668.00
  • Tax Block: M
  • Tax Census Tract: 4026.02
  • Tax Lot: 22
  • Tax Tract Number: 891
  • TaxOtherAnnualAssessmentAmount: 886.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Mar 4, 2025
Sold by
Gutierrez Rigoberto Gonzalez and Gutierrez Cristina
Bought by
Rigoberto & Cristina Gutierrez Living Trust and Gutierrez
Seller's Agent
MEGANN CENTENO
OMEGA REAL ESTATE
Buyer's Agent
OMAR MAYORGA
RE/MAX MASTERS REALTY
List Price
$969,900
Sold Price
$969,900
Total Days on Market
36
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.20%
Original Mortgage
$369,900
Outstanding Balance
$369,286
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$593,063

Purchase Details

Listed on
Jan 6, 2025
Closed on
Feb 12, 2025
Sold by
Certified Properties Llc
Bought by
Gutierrez Rigoberto Gonzalez and Gutierrez Cristina
Seller's Agent
MEGANN CENTENO
OMEGA REAL ESTATE
Buyer's Agent
OMAR MAYORGA
RE/MAX MASTERS REALTY
List Price
$969,900
Sold Price
$969,900
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,900
Outstanding Balance
$369,286
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$593,063

Purchase Details

Listed on
Sep 17, 2015
Closed on
Sep 23, 2015
Sold by
Anderson Glenn A and Anderson Phyllis M
Bought by
Certified Properties Llc
Seller's Agent
Carlos & pat Samuelson
REALTY ONE GROUP WEST
Buyer's Agent
Donald Morgan
RE/MAX Time
List Price
$499,000
Sold Price
$510,000
Premium/Discount to List
$11,000
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%

Purchase Details

Closed on
Jul 13, 2001
Sold by
Anderson Glenn A and Anderson Phyllis M
Bought by
Anderson Glenn A and Anderson Phyllis M

Purchase Details

Closed on
Mar 16, 1994
Sold by
Anderson Glenn A and Anderson Phyllis M
Bought by
Anderson Glenn A and Anderson Phyllis M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- --
Grant Deed $970,000 First American Title Company
Grant Deed $510,000 First American Title Company
Interfamily Deed Transfer -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $369,900 New Conventional
Previous Owner $3,500,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Sold $969,900 0.0% $416 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $969,900 +90.2% $416 / Sq Ft
10/07/2015 10/07/15 Sold $510,000 +2.2% $218 / Sq Ft
09/22/2015 09/22/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $499,000 -- $213 / 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
2024 $7,925 $591,893 $232,114 $359,779
2023 $7,768 $580,288 $227,563 $352,725
2022 $7,643 $568,910 $223,101 $345,809
2021 $7,463 $557,756 $218,727 $339,029
2019 $7,617 $541,215 $212,241 $328,974
2018 $7,069 $530,604 $208,080 $322,524
2016 $7,149 $510,000 $200,000 $310,000
2015 $2,350 $143,195 $43,327 $99,868
2014 $2,360 $140,391 $42,479 $97,912
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25001506

California Regional Multiple Listing Service (CRMLS)

APN: 8338-028-022