NOT LISTED FOR SALE

519 W 8th St Corona, CA 92882

Central Corona Neighborhood

Estimated Value: $770,000 - $1,060,766

5 Beds
4 Baths
2,873 Sq Ft
$312/Sq Ft Est. Value

Sale Details

Date Sold: February 26, 2019

Last sale price $670,000 $233 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,937 / mo

15 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Carpet

About This Home

As of February 2019

Phenomenal 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

Last Agent to Sell the Property

Matt Kanoudi

The L3 License #01419924 Listed on: 01/14/2019

Last Buyer's Agent

Chad Engle

Casa Real Estate License #01913884

Property Details

Home Type

  • Multi-Family

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
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

7,405 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 117175010
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 233.21

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Closet, Inside, Outside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 3520.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 3220.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 300.00
  • Rent Control: No
  • Total Actual Rent: 3520.00
  • Total Expenses: 300.00

Tax Info

  • Tax Census Tract: 416.00
  • Tax Lot: 10
  • Tax Tract Number: 124

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

Listed on
Jan 14, 2019
Closed on
Feb 4, 2019
Sold by
Bought by
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%
Current Estimated Value
$967,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,346
Avg. Annual Appreciation
4.01%
Original Mortgage
$502,500
Interest Rate
0.044%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2019
Closed on
Jan 28, 2019
Sold by
Bought by
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
0.044%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2011
Sold by
Bought by

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
0.0487%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 2010
Sold by
Bought by

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
0.0487%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2004
Sold by
Bought by

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
0.0725%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2002
Sold by
Bought by

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
0.0689%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 29, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- First American Title
$670,000 First American Title
-- Lawyers Title
$315,000 Lawyers Title
$550,000 First American Title
$207,000 Commonwealth Land Title Co
-- --
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
Closed $542,500
Closed $502,500
Closed $319,000
Closed $328,189
Closed $523,600
Closed $495,000
Closed $196,800
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
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

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
2025 $8,549 $779,228 $167,325 $611,903
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

    127 Total Sales

    Matt Kanoudi
    Section Image
  • Chad Engle

    Buyer's Agent in 2019

    Chad Engle

    Casa Real Estate

    (714) 401-6579

    83 Total Sales

    Chad Engle
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19010067

California Regional Multiple Listing Service (CRMLS)

APN: 117-175-010

California Riverside County Corona 92882 Central Corona

519 W 8th St, Corona, CA

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California Regional Multiple Listing Service (CRMLS) 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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