Seller's Agent in 2022
Prashant Sampat
Pacific Avenue Realty
(562) 841-0227
7 in this area
223 Total Sales
509 W Olive Ave Redlands, CA 92373
South Redlands NeighborhoodEstimated Value: $929,000 - $1,078,000
4
Beds
4
Baths
2,552
Sq Ft
$391/Sq Ft
Est. Value
About This Home
As of December 2022Calling all investors! If you are seeking a high ROI with substantial growth year after year with a amazing location, don't miss your opportunity to own this Amazing Four-Plex in the rapidly growing Redlands market! Conveniently located on one of the best streets in all of Redlands and within a couple blocks from Downtown Redlands, University of Redlands, Smiley Library, Redlands Bowl and about 1/2 mile from the new Packing House District with restaurants, brewery, distillery, shopping, future rail line and much more! The Units are all large 1 bed/1bath units each with their own separate electric and gas meters, with approximately 638 sqft of living space per unit and sitting on nearly 12,000 sqft lot with 3 garages! Also the Building has completely upgraded Plumbing throughout, including the Main Sewer line as well as having Drought tolerant landscaping that gives the an aesthetic charm with very low water consumption. With 2 units already close to market rent, this property has the ability to produce $1750 per unit or $84,000 per year Income! If location, location location means anything to you, don't miss on the best located multifamily in all of Inland Empire!
Last Agent to Sell the Property
Pacific Avenue Realty License #01916221 Listed on: 09/20/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
Parking
- 4 Open Parking Spaces
- 3 Car Garage
Home Design
- 2,552 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 2 / C
- Assessor Parcel Number 0171312140000
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $200
- Fuel Expense $300
- Insurance Expense $3,000
- Trash Expense $1,800
- Water Sewer Expense $2,400
- New Taxes Expense $10,710
- Operating Expense $23,437
- Gross Income $69,168
- Net Operating Income $45,731
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 14, 2022
Sold by
Cm Equities Llc
Bought by
Sandeep K Thakkar And Ammie K Thakkar Living
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
$667,500
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 12, 2019
Closed on
Dec 26, 2019
Sold by
Petersen Mickey
Bought by
Kyinn Cheryl
Seller's Agent
SUSAN ROSENBLUM
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$689,900
Sold Price
$650,000
Premium/Discount to List
-$39,900
-5.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$487,500
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 12, 2019
Closed on
Nov 27, 2019
Sold by
Feria Maximus B and Feria Amy L
Bought by
Kyinn Cheryl
Seller's Agent
SUSAN ROSENBLUM
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$689,900
Sold Price
$650,000
Premium/Discount to List
-$39,900
-5.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 29, 2018
Sold by
Feria Maximus B and Feria Amy L
Bought by
Feria Maximus B and Feria Amy L
Purchase Details
Closed on
Oct 24, 2017
Sold by
Feria Maximus B and Feria Amy Le
Bought by
Feria Maximus B and Feria Amy L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.78%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 25, 2017
Closed on
Mar 8, 2017
Sold by
Kopinga Arlene L
Bought by
Feria Maximus Bernie and Feria Amy
Seller's Agent
SUSAN ROSENBLUM
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Javier Feria
JAVIER R. FERIA, BROKER
List Price
$575,000
Sold Price
$525,000
Premium/Discount to List
-$50,000
-8.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$393,750
Interest Rate
4.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 5, 2011
Sold by
Kopinga Nicolas Wiert
Bought by
Kopinga Nicolas W and Kopinga Arlene L
Purchase Details
Closed on
Jun 2, 2009
Sold by
Kopinga Arlene L
Bought by
Kopinga Nicolas Wiert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 20, 2008
Sold by
Kopinga Nicolas Wiert
Bought by
Kopinga Nicolas Wiert
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sandeep K Thakkar And Ammie K Thakkar Living | $890,000 | Priority Title | |
| Kyinn Cheryl | -- | Fidelity Natl Ttl Inland Emp | |
| Kyinn Cheryl | $650,000 | Fidelity National Ttl Co Ie | |
| Feria Maximus B | -- | None Available | |
| Feria Maximus B | -- | Accommodation | |
| Feria Maximus B | -- | Fidelity National Title | |
| Feria Maximus Bernie | $525,000 | Fidelity National Title Co | |
| Kopinga Nicolas W | -- | None Available | |
| Kopinga Nicolas Wiert | -- | Accommodation | |
| Kopinga Nicolas Wiert | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sandeep K Thakkar And Ammie K Thakkar Living | $667,500 | |
| Previous Owner | Kyinn Cheryl | $487,500 | |
| Previous Owner | Feria Maximus B | $395,000 | |
| Previous Owner | Feria Maximus Bernie | $393,750 | |
| Previous Owner | Kopinga Nicolas Wiert | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/16/2022 12/16/22 | Sold | $885,000 | -1.6% | $347 / Sq Ft | |
| 10/12/2022 10/12/22 | Pending | -- | -- | -- | |
| 09/20/2022 09/20/22 | For Sale | $899,000 | +38.3% | $352 / Sq Ft | |
| 01/02/2020 01/02/20 | Sold | $650,000 | -5.8% | $255 / Sq Ft | View Prior Sale |
| 11/21/2019 11/21/19 | For Sale | $689,900 | +6.1% | $270 / Sq Ft | |
| 11/19/2019 11/19/19 | Pending | -- | -- | -- | |
| 10/10/2019 10/10/19 | Off Market | $650,000 | -- | -- | |
| 08/08/2019 08/08/19 | For Sale | $689,900 | 0.0% | $270 / Sq Ft | |
| 07/31/2019 07/31/19 | Pending | -- | -- | -- | |
| 07/12/2019 07/12/19 | For Sale | $689,900 | +31.4% | $270 / Sq Ft | |
| 04/27/2017 04/27/17 | Sold | $525,000 | -8.7% | $206 / Sq Ft | View Prior Sale |
| 02/24/2017 02/24/17 | Pending | -- | -- | -- | |
| 01/25/2017 01/25/17 | For Sale | $575,000 | -- | $225 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,789 | $925,956 | $277,787 | $648,169 |
| 2024 | $10,789 | $907,800 | $272,340 | $635,460 |
| 2023 | $10,776 | $890,000 | $267,000 | $623,000 |
| 2022 | $8,183 | $669,869 | $133,974 | $535,895 |
| 2021 | $8,331 | $656,734 | $131,347 | $525,387 |
| 2020 | $7,053 | $557,134 | $127,345 | $429,789 |
| 2019 | $6,857 | $546,210 | $124,848 | $421,362 |
| 2018 | $6,688 | $535,500 | $122,400 | $413,100 |
| 2017 | $717 | $47,798 | $10,805 | $36,993 |
| 2016 | $710 | $46,861 | $10,593 | $36,268 |
| 2015 | $706 | $46,157 | $10,434 | $35,723 |
| 2014 | $695 | $45,253 | $10,230 | $35,023 |
Source: Public Records
Agents Affiliated with this Home
-
Prashant Sampat
-
SUSAN ROSENBLUM
Seller's Agent in 2020
SUSAN ROSENBLUM
CENTURY 21 LOIS LAUER REALTY
(909) 214-5371
5 in this area
28 Total Sales
-
Javier Feria
J
Buyer's Agent in 2017
Javier Feria
JAVIER R. FERIA, BROKER
(626) 712-3079
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22195657
APN: 0171-312-14
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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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