NOT LISTED FOR SALE

516 E E St Colton, CA 92324

Estimated Value: $546,000 - $890,000

7 Beds
5 Baths
3,992 Sq Ft
$185/Sq Ft Est. Value

Last Sold October 24, 2016

Last sale price $472,000 $118 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,425/month

80 Days on Market

Highlights

  • 15,000 Sq Ft lot
  • Property is near a park
  • Granite Countertops
  • Contemporary Architecture
  • Corner Lot
  • 3-minute walk to Central Park

About This Home

As of October 2016

PRIDE in Ownership.... A must see! PLEASE DO NOT DISTURB OCCUPANTS! Well maintained 4-plex on a corner lot! This property is ideal for a buyer to live in one and rent the rest or rent them all. Two buildings, each has two units: Building one: 1) 3 bedroom two bath with Central A/C and a recently remolded kitchen with granite counter tops. 1) two bedroom, 1 bath, Building two has two units each with 1 bedroom 1 bath. All units are very spacious and have their own laundry room. All but a few windows have upgraded double pane windows and both buildings have a 3 year new roof. Completely fenced units all landscaped with automatic sprinklers. 4 garages with a large storage room for owner if needed with easy access each has a small entry door from back yards. Local park a stone through away! Metrolink station a quick 10 min ride. A Must see!

Last Agent to Sell the Property

JAMIE JIMENEZ

REALTY PLUS License #01259036 Listed on: 03/28/2016

Last Buyer's Agent

George Sanabria

George Sanabria License #01270092

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.34 Acre Lot
  • Property fronts an alley
  • 1 Common Wall
  • Northwest Facing Home
  • Chain Link Fence
  • Landscaped
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers Throughout Yard
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,992 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Range
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 13
  • Assessor Parcel Number 0162064210000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,740
  • Insurance Expense $1,740
  • Trash Expense $3,000
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,187
  • Net Operating Income $16,393

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 0162064210000
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 118.24
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Direction Faces: Northwest
  • Foundation: Raised
  • View: Neighborhood
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Trash Expense: 3000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Landscaped, Level with Street, Lot 10000-19999 Sqft, Paved, Park Nearby, Corner Lot, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Near Public Transit, Yard
  • Lot Size Sq Ft: 15000.00
  • Price Per Lot Square Foot: 38.33

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 1740.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1740.00
  • Net Operating Income: 16393.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 10
  • Number With Range: 2
  • Operating Expense: 16007.00
  • Rent Control: No
  • Total Actual Rent: 2700.00

Tax Info

  • New Taxes Expense: 7187.00
  • Tax Lot: 13
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2023
Sold by
Sanchez Emilia
Bought by
Emilia Sanchez Living Trust and Sanchez
Current Estimated Value
$740,123

Purchase Details

Listed on
Mar 28, 2016
Closed on
Oct 18, 2016
Sold by
Islas Brandi Lisa Marie
Bought by
Islas David
Seller's Agent
JAMIE JIMENEZ
REALTY PLUS
Buyer's Agent
George Sanabria
George Sanabria
List Price
$575,000
Sold Price
$472,000
Premium/Discount to List
-$103,000
-17.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$339,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2016
Closed on
Aug 27, 2016
Sold by
Vara Maria L
Bought by
Sanchez Emilia and Islas David
Seller's Agent
JAMIE JIMENEZ
REALTY PLUS
Buyer's Agent
George Sanabria
George Sanabria
List Price
$575,000
Sold Price
$472,000
Premium/Discount to List
-$103,000
-17.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2014
Sold by
Vara Maria L
Bought by
Theavara Family Trust

Purchase Details

Closed on
Feb 17, 1999
Sold by
Vara Maria L and Vara Maria
Bought by
Vara Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 1998
Sold by
Vara Alejandro E
Bought by
Vara Maria
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Emilia Sanchez Living Trust -- None Listed On Document
Sanchez Emilia -- None Listed On Document
Islas David -- North American Title Company
Sanchez Emilia $472,000 North American Title Company
Theavara Family Trust -- None Available
Vara Maria L -- Benefit Land Title Company
Vara Maria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Emilia $339,000
Previous Owner Vara Maria L $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2016 10/24/16 Sold $472,000 -17.9% $118 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $575,000 -- $144 / 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 $6,558 $547,796 $150,875 $396,921
2024 $6,558 $537,055 $147,917 $389,138
2023 $6,576 $526,525 $145,017 $381,508
2022 $6,483 $516,201 $142,174 $374,027
2021 $6,615 $506,079 $139,386 $366,693
2020 $6,645 $500,890 $137,957 $362,933
2019 $6,465 $491,069 $135,252 $355,817
2018 $6,361 $481,440 $132,600 $348,840
2017 $6,140 $298,016 $59,443 $238,573
2016 $3,909 $292,172 $58,277 $233,895
2015 $3,785 $287,784 $57,402 $230,382
2014 $3,672 $282,147 $56,278 $225,869
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16066620

California Regional Multiple Listing Service (CRMLS)

APN: 0162-064-21