NOT LISTED FOR SALE

523 W Shamrock St Rialto, CA 92376

Estimated Value: $682,000 - $803,000

4 Beds
3 Baths
2,090 Sq Ft
$359/Sq Ft Est. Value

Last Sold September 21, 2022

Last sale price $630,000 $301 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,630/month

66 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Drip System Landscaping
  • Cooling System Mounted To A Wall/Window
  • 3 Attached Carport Spaces
  • Fenced

About This Home

As of September 2022

Great Investment Triplex Property in the City of Rialto!Near 210 freeway, Schools, and shopping centers. Property consists of ONE- 2 Bedroom 1 bath unit and TWO- 1bedroom 1 bath units. Each has it's own carport . All three units have newer kitchens installed. Property includes semi new coin operating washer and dryer, concrete common patio, water efficient landscaping, newer water heaters and AC Units. While the current owners have rarely raised rental rates, the city of Rialto rental market has offered strong rental demand and rental rate growth over the last decade, with rents growing by 15.2% in 2021 and poised to grow at a 7.8% rate this year. With market rental rates in place, there is an approximate 55% upside in rental income.

Last Agent to Sell the Property

MARITZA HERNANDEZ

MAINSTREET REALTORS License #02164142 Listed on: 06/15/2022

MAINSTREET REALTORS

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,874

Year Built

  • Built in 1971

Lot Details

  • 7,200 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in good condition
  • Drip System Landscaping
  • Corner Lot
  • Paved or Partially Paved Lot
  • Front Yard

Home Design

  • 2,090 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Attached Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 7336
  • Assessor Parcel Number 0127361180000
  • $1,122 per year additional tax assessments

Community Details

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,100
  • Water Sewer Expense $2,664
  • Operating Expense $10,000
  • Gross Income $40,800
  • Net Operating Income $30,800

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,874

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Other Phone Description: 9097533481
  • Price Per Unit: 216667
  • Property Attached: Yes
  • Water Sewer Expenses: 2664.00
  • Property Type: Residential Income
  • Parcel Number: 0127361180000
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 301.44

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Paved, Sprinklers Drip System
  • Lot Size Sq Ft: 7200.00
  • Lot Size Acres: 0.1653

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7200.0000 Square Feet
  • Net Operating Income: 30800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • Tax Census Tract: 35.05
  • Tax Lot: 11
  • Tax Tract Number: 7336
  • TaxOtherAnnualAssessmentAmount: 1122.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Aug 25, 2022
Sold by
Chavez Juan and Chavez Manuel
Bought by
Cervantes Guillermo
Seller's Agent
MARITZA HERNANDEZ
MAINSTREET REALTORS
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%
Views
14
Current Estimated Value
$749,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,603
Avg. Annual Appreciation
5.81%
Original Mortgage
$468,750
Outstanding Balance
$447,096
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$302,507

Purchase Details

Listed on
Aug 19, 2016
Closed on
Nov 8, 2016
Sold by
Chavez Francisca
Bought by
Chavez Manuel
Seller's Agent
Candelaria Torres
True Results Realty
Buyer's Agent
Francisco Granadeno
Big Block Powerhouse Realty
List Price
$365,000
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Original Mortgage
$185,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 19, 2016
Closed on
Oct 12, 2016
Sold by
Hernandez Enrique and Hernandez Adelina Valencia
Bought by
Chavez Juan and Chavez Manuel
Seller's Agent
Candelaria Torres
True Results Realty
Buyer's Agent
Francisco Granadeno
Big Block Powerhouse Realty
List Price
$365,000
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 1996
Sold by
Hernandez Enrique and Hernandez Adelina Valencia
Bought by
Hernandez Enrique and Hernandez Adelina Valencia

Purchase Details

Closed on
Jan 31, 1996
Sold by
Franco Teresa
Bought by
Franco Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,528
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 11, 1995
Sold by
Trujillo Louis and Trujillo Helen
Bought by
Hernandez Enrique and Hernandez Adelina Valencia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,528
Interest Rate
6.99%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Cervantes Guillermo $630,000 Pacific Coast Title
Chavez Manuel -- North American Title
Chavez Juan -- North American Title
Chavez Juan $365,000 North American Title Company
Hernandez Enrique -- --
Franco Francisco -- Fidelity National Title Ins
Hernandez Enrique $104,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cervantes Guillermo $468,750
Previous Owner Chavez Juan $185,000
Previous Owner Hernandez Enrique $103,528
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2022 09/21/22 Sold $630,000 -3.1% $301 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
07/27/2022 07/27/22 Price Changed $650,000 0.0% $311 / Sq Ft
07/27/2022 07/27/22 For Sale $650,000 -3.0% $311 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $670,000 +83.6% $321 / Sq Ft
11/14/2016 11/14/16 Sold $365,000 0.0% $175 / Sq Ft View Prior Sale
09/12/2016 09/12/16 Pending -- -- --
08/19/2016 08/19/16 For Sale $365,000 0.0% $175 / Sq Ft
08/08/2016 08/08/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $365,000 -- $175 / 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 $7,874 $655,452 $176,868 $478,584
2024 $7,874 $642,600 $173,400 $469,200
2023 $8,401 $630,000 $170,000 $460,000
2022 $5,068 $399,181 $82,024 $317,157
2021 $5,036 $391,354 $80,416 $310,938
2020 $5,069 $387,341 $79,591 $307,750
2019 $4,954 $379,746 $78,030 $301,716
2018 $4,809 $372,300 $76,500 $295,800
2017 $4,773 $365,000 $75,000 $290,000
2016 $1,809 $140,332 $37,889 $102,443
2015 $1,815 $138,224 $37,320 $100,904
2014 $1,708 $135,516 $36,589 $98,927
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22130065

California Regional Multiple Listing Service (CRMLS)

APN: 0127-361-18