NOT LISTED FOR SALE
8 Beds
8 Baths
3,968 Sq Ft
7,320 Sq Ft Lot

Sale Details

Date Sold: April 3, 2018

Last sale price $845,000 $213 Per Sq Ft

12 Days on Market

About This Home

As of April 2018

Great investment opportunity located in city of Montclair - large 4 unit apartment complex. *TOWN HOME style* Each unit features 2 bedroom and 1.5 bath. Large living room, dinning area, kitchen and half bath downstairs, all spacious bedroom and the full bath upstairs. Great open floor plan. No one above or below which makes these units highly desirable to renters. Each unit has a large size of back yard. Some upgrades and new water heater have been installed inside each unit. Well maintained property. Detached one car enclosed garage and plenty of street parking on cul-de-sac. Great location. It's off Central ave and the 10 frwy which is near the Montclair plaza, Costco wholesale, restaurants, shopping and entertainment. Walking distance to park, church and schools! NO RENT control. Long term tenants Fully Occupied! Tenant paying rent ON TIME each month! It generates high cash flow every month. Don't miss this great opportunity!

Last Agent to Sell the Property

Karen Yu

Mountain View Capital, Inc. License #01909924 Listed on: 02/23/2018

Mountain View Capital, Inc.

Last Buyer's Agent

Karen Yu

Mountain View Capital, Inc. License #01909924 Listed on: 02/23/2018

Mountain View Capital, Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,320 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 3,968 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 1010622340000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $2,526
  • Water Sewer Expense $1,077
  • New Taxes Expense $8,380
  • Operating Expense $3,603
  • Gross Income $58,800
  • Net Operating Income $46,461

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,320 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1077.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1010622340000
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 212.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2526.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7320.00

Multi Family

  • Gross Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 46461.00
  • 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: 12339.00
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Total Expenses: 3603.00

Tax Info

  • New Taxes Expense: 8380.00
  • Tax Census Tract: 3.01

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
Feb 23, 2018
Closed on
Mar 16, 2018
Sold by
Us Pacific Investments Llc
Bought by
Seller's Agent
Karen Yu
Mountain View Capital, Inc.
Buyer's Agent
Karen Yu
Mountain View Capital, Inc.
List Price
$858,000
Sold Price
$845,000
Premium/Discount to List
-$13,000
-1.52%

Purchase Details

Listed on
Sep 14, 2015
Closed on
Dec 3, 2015
Sold by
Correa Salvador
Bought by
Us Pacific Investments Llc
Seller's Agent
Aaron Rivas
CENTURY 21 CITRUS REALTY INC
Buyer's Agent
Karen Yu
Mountain View Capital, Inc.
List Price
$645,000
Sold Price
$680,000
Premium/Discount to List
$35,000
5.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%

Purchase Details

Closed on
Apr 16, 2002
Sold by
Correa Salvador and Correa Salvador
Bought by
Correa Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
6.75%

Purchase Details

Closed on
Dec 30, 1998
Sold by
Hodges James B and Hodges Dorothy B
Bought by
Correa Salvador

Purchase Details

Closed on
Jan 12, 1995
Sold by
Kaye Leslie and Kaye Leslty G
Bought by
Hodges James B and Hodges Dorothy B
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Montclair, CA

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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
$845,000 First American Title Company
Us Pacific Investments Llc $680,000 Fidelity National Title Co
Correa Salvador -- Ticor Title
Correa Salvador $180,000 Orange Coast Title
Hodges James B $31,069 First American Title Ins 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
Previous Owner $200,000
Previous Owner Correa Salvador $275,000
Previous Owner Correa Salvador $183,750
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 Prior Sale
04/03/2018 04/03/18 Sold $845,000 -1.5% $213 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $858,000 +26.2% $216 / Sq Ft
12/15/2015 12/15/15 Sold $680,000 +5.4% $171 / Sq Ft View Prior Sale
12/02/2015 12/02/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $645,000 -- $163 / 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
2026 $10,564 $980,696 $342,374 $638,322
2025 $10,564 $961,467 $335,661 $625,806
2024 $10,324 $942,614 $329,079 $613,535
2023 $10,034 $924,131 $322,626 $601,505
2022 $9,901 $906,011 $316,300 $589,711
2021 $9,840 $888,246 $310,098 $578,148
2020 $9,667 $879,138 $306,918 $572,220
2019 $9,585 $861,900 $300,900 $561,000
2018 $7,920 $707,472 $249,696 $457,776
2017 $7,635 $693,600 $244,800 $448,800
2016 $2,593 $238,376 $83,431 $154,945
2015 $2,575 $234,796 $82,178 $152,618
2014 $2,495 $230,196 $80,568 $149,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18043246

California Regional Multiple Listing Service (CRMLS)

APN: 1010-622-34

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