NOT LISTED FOR SALE

Estimated Value: $1,136,556 - $1,258,000

9 Beds
7 Baths
4,006 Sq Ft
$304/Sq Ft Est. Value

Last Sold August 28, 2024

Last sale price $1,150,000 $287 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,488/month

61 Days on Market

Highlights

  • Fireplace
  • Cooling Available
  • Accessible Parking
  • Citrus Valley High School Rated A
  • Laundry Room
  • 3 Detached Carport Spaces

About This Home

As of August 2024

Welcome to the heart of Redlands! Generate income from 4 properties in a desirable neighborhood with a steady rental income stream. The property is conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Building Features: 1 unit is a three bedroom, 2 bath & a fireplaces in living room. 2 units are two-bedroom 2 bath. another 1 unit is a one-bedroom, one-bath. The rent is below market due to long-term tenants. Each unit has excellent surface planting, providing additional rental income potential for future growth. Monthly HOA dues are $684. The HOA pays for dumpsters and normal gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance. Each unit has individual electric and gas meters. All 4 units have their own garages, plus 3 covered parking spaces and 2 open parking spaces. Separate gas & electric meter in each unit tenant pays themself. Owner pays water, exterior electric and hot water tank gas bill.

Last Agent to Sell the Property

Helen Chan

IRN REALTY Brokerage Phone: 626-632-3688 License #01106869 Listed on: 05/12/2024

IRN REALTY

Last Buyer's Agent

Ryan McKee

ELEVATE REAL ESTATE AGENCY License #01843253

ELEVATE REAL ESTATE AGENCY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.28 Acre Lot
  • No Common Walls
  • South Facing Home
  • Landscaped

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • 3 Detached Carport Spaces
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Blinds
  • Entryway
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Accessible Home Design

  • Accessible Parking

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 10142
  • Assessor Parcel Number 0167271360000

Community Details

Overview

  • Property has a Home Owners Association
  • Front Yard Maintenance
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0167271360000
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 287.07
  • Room Type: Entry
  • Window Features: Blinds

Exterior Features

  • Direction Faces: South
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport, Garage, Garage Faces Rear
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Standard
  • Sewer: Public Sewer, Unknown
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Front Yard
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 12111.00
  • Lot Size Acres: 0.2780

Multi Family

  • Lot Size Area: 12111.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 6360.00

Tax Info

  • Tax Census Tract: 80.03
  • Tax Lot: 5
  • Tax Tract Number: 10142

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2024
Closed on
Sep 19, 2024
Sold by
Skylight Integrity Holdings Llc
Bought by
Courier Street Apartments Llc
Seller's Agent
Helen Chan
IRN REALTY
Buyer's Agent
Ryan McKee
ELEVATE REAL ESTATE AGENCY
List Price
$1,180,000
Sold Price
$1,150,000
Premium/Discount to List
-$30,000
-2.54%
Views
33
Current Estimated Value
$1,215,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,889
Avg. Annual Appreciation
4.06%
Original Mortgage
$862,500
Outstanding Balance
$852,552
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$363,337

Purchase Details

Listed on
May 12, 2024
Closed on
Aug 14, 2024
Sold by
Chhen Family Trust and Bak Phinak
Bought by
Skylight Integrity Holdings Llc
Seller's Agent
Helen Chan
IRN REALTY
Buyer's Agent
Ryan McKee
ELEVATE REAL ESTATE AGENCY
List Price
$1,180,000
Sold Price
$1,150,000
Premium/Discount to List
-$30,000
-2.54%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Outstanding Balance
$852,552
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$363,337

Purchase Details

Closed on
Apr 21, 2021
Sold by
Train Phillip
Bought by
Bak Phinak

Purchase Details

Closed on
Dec 10, 2018
Sold by
Chhen Ly Chhing
Bought by
Chhen Ly Chhing and Chhen Family Trust

Purchase Details

Listed on
May 23, 2018
Closed on
Aug 27, 2018
Sold by
Hippoze Bulk Investments Llc
Bought by
Train Phillip and Chen Ly Chhing
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Helen Chan
IRN REALTY
List Price
$735,000
Sold Price
$700,000
Premium/Discount to List
-$35,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%

Purchase Details

Listed on
May 23, 2018
Closed on
Aug 21, 2018
Sold by
Chhen Jon Sen
Bought by
Chhen Ly Chhing
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Helen Chan
IRN REALTY
List Price
$735,000
Sold Price
$700,000
Premium/Discount to List
-$35,000
-4.76%

Purchase Details

Listed on
May 23, 2018
Closed on
Jul 11, 2018
Sold by
Roberts Daniel and Roberts Daniel P
Bought by
Hippoze Bulk Investments Llc
Seller's Agent
Kurt Tiedt
Kurt W. Tiedt
Buyer's Agent
Helen Chan
IRN REALTY
List Price
$735,000
Sold Price
$700,000
Premium/Discount to List
-$35,000
-4.76%

Purchase Details

Closed on
Aug 14, 2013
Sold by
Roberts Daniel and Roberts Maria
Bought by
Roberts Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,254
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2010
Sold by
Rissaroo Llc
Bought by
Hippoze Bulk Investments Llc

Purchase Details

Closed on
Mar 10, 2003
Sold by
Roberts Daniel P
Bought by
Rissaroo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 8, 2003
Sold by
State Street Bank & Trust Co
Bought by
Roberts Daniel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.93%

Purchase Details

Closed on
Oct 22, 2002
Sold by
Eugene Md Dr John and Eugene Karyl
Bought by
State Street Bank & Trust Company

Purchase Details

Closed on
Aug 26, 1999
Sold by
Ocean Place Llc
Bought by
Eugene Md Dr John and Eugene Karyl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,350
Interest Rate
7.56%

Purchase Details

Closed on
May 27, 1999
Sold by
Smith Rico L
Bought by
Ocean Place Llc

Purchase Details

Closed on
Sep 5, 1997
Sold by
Harris Carl
Bought by
Smith Rico L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
8.99%
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
Courier Street Apartments Llc -- None Listed On Document
Skylight Integrity Holdings Llc $1,150,000 Western Resources Title
Bak Phinak -- Accommodation
Chhen Ly Chhing -- None Available
Train Phillip $700,000 Fidelity National Title Ie
Chhen Ly Chhing -- Fidelity National Title Ie
Hippoze Bulk Investments Llc -- Accommodation
Roberts Daniel -- Lsi Title Company
Roberts Daniel -- Lsi Title Company
Hippoze Bulk Investments Llc $340,000 None Available
Rissaroo Llc -- --
Roberts Daniel P $285,000 Lawyers Title Company
State Street Bank & Trust Company $251,910 Stewart Title
Eugene Md Dr John $332,500 Gateway Title Company
Ocean Place Llc $170,000 United Title
Smith Rico L $295,000 American Title
Smith Rico L -- American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skylight Integrity Holdings Llc $862,500
Previous Owner Roberts Daniel $194,254
Previous Owner Rissaroo Llc $228,000
Previous Owner Roberts Daniel P $228,000
Previous Owner Eugene Md Dr John $249,350
Previous Owner Smith Rico L $221,250
Closed Hippoze Bulk Investments Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2024 08/28/24 Sold $1,150,000 0.0% $287 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
06/01/2024 06/01/24 Price Changed $1,150,000 -2.5% $287 / Sq Ft
05/12/2024 05/12/24 For Sale $1,180,000 +68.6% $295 / Sq Ft
09/06/2018 09/06/18 Sold $700,000 -4.8% $175 / Sq Ft View Prior Sale
08/23/2018 08/23/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $735,000 -- $183 / 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 $14,319 $1,150,000 $345,000 $805,000
2024 $10,106 $849,709 $174,879 $674,830
2023 $10,095 $833,048 $171,450 $661,598
2022 $8,976 $735,825 $157,677 $578,148
2021 $9,139 $721,397 $154,585 $566,812
2020 $9,004 $714,000 $153,000 $561,000
2019 $8,753 $700,000 $150,000 $550,000
2018 $5,737 $457,882 $137,903 $319,979
2017 $5,689 $448,904 $135,199 $313,705
2016 $5,626 $440,102 $132,548 $307,554
2015 $5,585 $433,491 $130,557 $302,934
2014 $5,485 $425,000 $128,000 $297,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS24095714

California Regional Multiple Listing Service (CRMLS)

APN: 0167-271-36