519 W 8th St Corona, CA 92882
Central Corona NeighborhoodEstimated Value: $1,076,809 - $1,222,000
5
Beds
4
Baths
2,873
Sq Ft
$389/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Carpet
- Cooling System Mounted To A Wall/Window
- 2 Car Garage
- Wall Furnace
About This Home
As of February 2019Phenomenal opportunity to own a 4 unit investment property in a great area! This 4-plex features one detached home in front with 2 beds/1 bath and 3 1 bed/1 bath apartments behind it. There are two 1 car garages and ample driveway parking space for at least another 4 cars. Some of the plumbing in units have been updated. The bathroom in the 2 bedroom has newer upgrades including floor and shower tile. Units have wall heaters and some have window A/C units. There are laundry enclosures located outside as well. ALL RENTERS PAY UTILITIES OTHER THAN WATER/TRASH, LANDLORD PAYS THAT. Current tenants are not paying full market rent so these units, especially the 2 bedroom home could be getting a lot more per month for the eventual new owner. This is an amazing chance to own a property which you could reside in and have other tenants help pay your mortgage or to just add to your investment portfolio with consistent 4 unit rents per month! DRIVE BY ONLY AT THIS TIME, ALL UNITS ARE TENANT OCCUPIED
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,549
Year Built
- Built in 1952
Lot Details
- 7,405 Sq Ft Lot
- Two or More Common Walls
- No Landscaping
Parking
- 2 Car Garage
- 4 Open Parking Spaces
- Parking Available
- Driveway
Home Design
- Quadruplex
Interior Spaces
- 2,873 Sq Ft Home
- 2-Story Property
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 10
- Tax Tract Number 124
- Assessor Parcel Number 117175010
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Water Sewer Expense $300
- Operating Expense $300
- Net Operating Income $3,220
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 14, 2019
Closed on
Feb 4, 2019
Sold by
Timpe Lauren
Bought by
Castellanos Jorge Mauricio
Seller's Agent
Matt Kanoudi
The L3
Buyer's Agent
Chad Engle
Casa Real Estate
List Price
$725,000
Sold Price
$670,000
Premium/Discount to List
-$55,000
-7.59%
Total Days on Market
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,702
Avg. Annual Appreciation
8.52%
Original Mortgage
$502,500
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 14, 2019
Closed on
Jan 28, 2019
Sold by
Pedersen Freddy R
Bought by
Castellanos Jorge Mauricio
Seller's Agent
Matt Kanoudi
The L3
Buyer's Agent
Chad Engle
Casa Real Estate
List Price
$725,000
Sold Price
$670,000
Premium/Discount to List
-$55,000
-7.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 12, 2011
Sold by
Marino Elizabeth
Bought by
Marino Jose
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,189
Interest Rate
4.67%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 29, 2010
Sold by
Marino Jose
Bought by
Pedersen Freddy R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,189
Interest Rate
4.67%
Mortgage Type
FHA
Purchase Details
Closed on
May 19, 2004
Sold by
Craig Scott and Craig Robyn
Bought by
Marino Jose and Marino Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
7.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 8, 2002
Sold by
Gilmore John J
Bought by
Craig Scott and Craig Robyn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,800
Interest Rate
6.89%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 29, 1995
Sold by
Gilmore John J
Bought by
Gilmore John J
Similar Home in Corona, CA
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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 |
|---|---|---|---|
| Castellanos Jorge Mauricio | -- | First American Title | |
| Castellanos Jorge Mauricio | $670,000 | First American Title | |
| Marino Jose | -- | Lawyers Title | |
| Pedersen Freddy R | $315,000 | Lawyers Title | |
| Marino Jose | $550,000 | First American Title | |
| Craig Scott | $207,000 | Commonwealth Land Title Co | |
| Gilmore John J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Castellanos Jorge Mauricio | $542,500 | |
| Closed | Castellanos Jorge Mauricio | $502,500 | |
| Previous Owner | Pedersen Freddy R | $319,000 | |
| Previous Owner | Pedersen Freddy R | $328,189 | |
| Previous Owner | Marino Jose | $523,600 | |
| Previous Owner | Marino Jose | $495,000 | |
| Previous Owner | Craig Scott | $196,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2019 02/26/19 | Sold | $670,000 | -7.6% | $233 / Sq Ft |
| 01/29/2019 01/29/19 | Pending | -- | -- | -- |
| 01/14/2019 01/14/19 | For Sale | $725,000 | -- | $252 / 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 |
|---|---|---|---|---|
| 2023 | $8,549 | $748,972 | $160,829 | $588,143 |
| 2022 | $7,943 | $704,287 | $157,676 | $546,611 |
| 2021 | $7,786 | $690,479 | $154,585 | $535,894 |
| 2020 | $7,700 | $683,400 | $153,000 | $530,400 |
| 2019 | $4,094 | $361,772 | $91,876 | $269,896 |
| 2018 | $4,003 | $354,679 | $90,075 | $264,604 |
| 2017 | $3,906 | $347,725 | $88,309 | $259,416 |
| 2016 | $3,868 | $340,908 | $86,578 | $254,330 |
| 2015 | $3,784 | $335,789 | $85,279 | $250,510 |
| 2014 | $3,647 | $329,212 | $83,609 | $245,603 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Kanoudi
Seller's Agent in 2019
Matt Kanoudi
The L3
(714) 655-6868
138 Total Sales
-
Chad Engle
Buyer's Agent in 2019
Chad Engle
Casa Real Estate
(714) 401-6579
103 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19010067
APN: 117-175-010
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