I
Seller's Agent in 2016
Ignacio Diaz Jr
Investment Capital Real Estate
(949) 201-8817
14 Total Sales
523 W 7th St Corona, CA 92882
Central Corona Neighborhood
13
Beds
10
Baths
13,900
Sq Ft
0.5
Acre Lot
Highlights
- 0.5 Acre Lot
- No HOA
- Central Heating and Cooling System
- Corner Lot
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
- 21,780 Sq Ft 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 in unit
- 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
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
Closed on
Sep 22, 2021
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
$1,820,000
Interest Rate
0.028%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 13, 2015
Closed on
May 27, 2016
Sold by
Bought by
Seller's Agent
Ignacio Diaz Jr
Investment Capital Real Estate
Buyer's Agent
Ignacio Diaz Jr
Investment Capital Real Estate
List Price
$2,725,000
Sold Price
$2,680,000
Premium/Discount to List
-$45,000
-1.65%
Purchase Details
Closed on
Mar 14, 2016
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
$1,332,500
Interest Rate
0.0357%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 22, 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
$1,275,000
Interest Rate
0.0572%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 23, 2003
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
$1,060,000
Interest Rate
0.0584%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 22, 2003
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
$1,060,000
Interest Rate
0.0584%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 20, 2001
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
$5,946,800
Interest Rate
0.0709%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | California Best Title Co Inc | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title | ||
| $2,665,000 | Fidelity National Title | ||
| -- | Stewart Title Of Ca Inc | ||
| $1,325,000 | Stewart Title | ||
| -- | Stewart Title | ||
| -- | Stewart Title | ||
| -- | First American 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 | $1,820,000 | ||
| Closed | $1,332,500 | ||
| Closed | $1,200,000 | ||
| Closed | $1,275,000 | ||
| Closed | $1,060,000 | ||
| Closed | $5,946,800 |
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 |
|---|---|---|---|---|
| 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
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 | $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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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