I
Seller's Agent in 2016
Ignacio Diaz Jr
Investment Capital Real Estate
(949) 201-8817
10 Total Sales
523 W 7th St Corona, CA 92882
Central Corona Neighborhood
13
Beds
10
Baths
13,900
Sq Ft
0.5
Acres
Highlights
- 0.5 Acre Lot
- No HOA
- Central Heating and Cooling System
- Corner Lot
- Laundry Room
About This Home
As of June 2016Built in 1991 with pitched roofs, the subject property features six 3 bedroom 2 baths; two 2 bedroom 2 baths; two 2 bedroom 1.5 baths and four 1 bedroom 1 bath apartment homes. Tenant amenities include individual water heaters, central air-conditioning and heat, washer & dryer connections for tenants, enclosed garages, patios, balconies, fireplaces and a central common area. The superior amenities attract long-term tenants; produce solid rents, and occupancy. Good location within a quiet residential neighborhood; one block from City Hall, the Corona Regional Medical Center, and walking distance to the Public Library. Bordering the city of Yorba Linda and Anaheim Hills, Corona has become a suburb to Orange County with continuous economic growth over the years. An industrial infrastructure has played an important role in the growth of the city and its employee base giving apartment owners a strong tenant pool to draw from. This opportunity is an ideal investment for an investor looking for a newer built apartment building with condo type amenities and stable cash flow from long-term tenants.
Last Agent to Sell the Property
Investment Capital Real Estate License #01379930 Listed on: 10/13/2015
Last Buyer's Agent
Investment Capital Real Estate License #01379930 Listed on: 10/13/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1991
Lot Details
- 0.5 Acre Lot
- Two or More Common Walls
- Corner Lot
Parking
- 11 Car Garage
Home Design
- 13,900 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 13 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 007
- Tax Tract Number 172
- Assessor Parcel Number 117172007
Community Details
Overview
- No Home Owners Association
- 14 Units
Building Details
- 14 Leased Units
- 15 Separate Electric Meters
- 14 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $800
- Gardener Expense $1,500
- Insurance Expense $4,270
- Maintenance Expense $3,920
- Trash Expense $3,500
- Water Sewer Expense $12,500
- New Taxes Expense $32,700
- Gross Income $17,498
- Net Operating Income $144,337
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/27/2016 06/27/16 | Sold | $2,680,000 | -1.7% | $193 / Sq Ft |
| 03/09/2016 03/09/16 | Pending | -- | -- | -- |
| 10/13/2015 10/13/15 | For Sale | $2,725,000 | -- | $196 / 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 |
|---|---|---|---|---|
| 2025 | $37,764 | $3,448,925 | $461,625 | $2,987,300 |
| 2023 | $37,764 | $3,315,000 | $443,700 | $2,871,300 |
| 2022 | $36,569 | $3,250,000 | $435,000 | $2,815,000 |
| 2021 | $32,637 | $2,914,564 | $464,796 | $2,449,768 |
| 2020 | $32,275 | $2,884,680 | $460,031 | $2,424,649 |
| 2019 | $31,523 | $2,828,118 | $451,011 | $2,377,107 |
| 2018 | $30,800 | $2,772,666 | $442,170 | $2,330,496 |
| 2017 | $30,039 | $2,718,300 | $433,500 | $2,284,800 |
| 2016 | $17,727 | $1,585,500 | $367,500 | $1,218,000 |
| 2015 | $16,765 | $1,510,000 | $350,000 | $1,160,000 |
| 2014 | $16,463 | $1,510,000 | $350,000 | $1,160,000 |
Source: Public Records
Agents Affiliated with this Home
-
Ignacio Diaz Jr
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP15224375
APN: 117-172-007
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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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