NOT LISTED FOR SALE

559 S Willow Ave Rialto, CA 92376

Estimated Value: $668,148 - $838,000

4 Beds
4 Baths
2,392 Sq Ft
$317/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $495,000 $207 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,507/month

4 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Wall Furnace
  • Laundry Room

About This Home

As of March 2021

4 units for sale located in a nice area in the City of Rialto, Each unit has 1 bedroom and 1 bathroom,. All units share a laundry room located in the back area of property. Property has a grass area for tenants good for family gatherings. All units have 1 car port big enough to park 2 cars. Property is conveniently located near 10 FWY, shopping, and transportation. Good opportunity for Investor, stable income with all long term tenants.

Last Agent to Sell the Property

Yaneli Garcia

Mainstreet Realtors License #01969085 Listed on: 02/26/2021

Mainstreet Realtors

Last Buyer's Agent

Yaneli Garcia

Mainstreet Realtors License #01969085 Listed on: 02/26/2021

Mainstreet Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,208 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 2,392 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 7411
  • Assessor Parcel Number 0131091340000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $480
  • Insurance Expense $1,000
  • Other Expense $480
  • Trash Expense $1,680
  • Water Sewer Expense $4,560
  • Operating Expense $6,240
  • Gross Income $37,500
  • Net Operating Income $29,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4560.00
  • Property Type: Residential Income
  • Parcel Number: 0131091340000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 206.94
  • Room Type: Laundry

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 7208.00
  • Lot Size Acres: 0.1655
  • Latitude Manual: 34.09072000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 598 Square Feet
  • Average2 Bed Area: 598 Square Feet
  • Average3 Bed Area: 598 Square Feet
  • Electric Expense: 480.00
  • Gross Income: 37500.00
  • Gross Scheduled Income: 37500.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7208.0000 Square Feet
  • Net Operating Income: 29780.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7720.00
  • Other Expense: 480.00
  • Rent Control: No
  • Total Actual Rent: 3125.00
  • Total Expenses: 6240.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 7411

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Golden Opportunity 28 Lp
Bought by
Illidan 28 Lp
Current Estimated Value
$759,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,189,500
Outstanding Balance
$30,973,956
Interest Rate
2.8%
Mortgage Type
Construction
Estimated Equity
-$30,214,669

Purchase Details

Closed on
Sep 23, 2021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,189,500
Outstanding Balance
$30,973,956
Interest Rate
2.8%
Mortgage Type
Construction
Estimated Equity
-$30,214,669

Purchase Details

Listed on
Feb 26, 2021
Closed on
Mar 4, 2021
Sold by
Mendoza Hector and Mendoza Leticia
Bought by
Golden Opportunity No 28 Lp
Seller's Agent
Yaneli Garcia
Mainstreet Realtors
Buyer's Agent
Yaneli Garcia
Mainstreet Realtors
List Price
$490,000
Sold Price
$495,000
Premium/Discount to List
$5,000
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%

Purchase Details

Closed on
Jun 30, 2009
Sold by
Mendoza Hector
Bought by
Mendoza Hector and Mendoza Leticia

Purchase Details

Closed on
Apr 15, 2009
Sold by
Us Bank National Association
Bought by
Mendoza Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2008
Sold by
Prater Alonzo
Bought by
Us Bank National Association

Purchase Details

Closed on
Jan 24, 2007
Sold by
Burris David
Bought by
Prater Alonzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2005
Sold by
Monroy Carlos and Monroy Barbara
Bought by
Burris David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,300
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2002
Sold by
Schnetz Frank V
Bought by
Monroy Carlos and Monroy Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
5.86%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Illidan 28 Lp -- Orange Coast Title Co
-- -- Orange Coast Title
Golden Opportunity No 28 Lp $495,000 Pacific Coast Title
Mendoza Hector -- None Available
Mendoza Hector $205,000 Lsi Title Agency
Mendoza Hector -- Lsi Title Agency
Us Bank National Association $325,723 Lsi Title Company
Prater Alonzo $580,000 Stewart Title
Burris David $437,000 Ticor Title Co
Monroy Carlos $133,336 Ticor Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Illidan 28 Lp $34,189,500
Closed Name Not Available $34,189,500
Previous Owner Mendoza Hector $153,750
Previous Owner Prater Alonzo $424,000
Previous Owner Burris David $393,300
Previous Owner Monroy Carlos $27,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold $495,000 +1.0% $207 / Sq Ft
03/03/2021 03/03/21 For Sale $490,000 -1.0% $205 / Sq Ft
03/02/2021 03/02/21 Off Market $495,000 -- --
03/02/2021 03/02/21 For Sale $490,000 -1.0% $205 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
03/01/2021 03/01/21 Off Market $495,000 -- --
02/26/2021 02/26/21 For Sale $490,000 -- $205 / 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 $6,475 $535,804 $184,013 $351,791
2024 $6,475 $525,298 $180,405 $344,893
2023 $6,906 $514,998 $176,868 $338,130
2022 $6,413 $504,900 $173,400 $331,500
2021 $3,192 $243,888 $55,916 $187,972
2020 $3,213 $241,388 $55,343 $186,045
2019 $3,141 $236,655 $54,258 $182,397
2018 $3,051 $232,015 $53,194 $178,821
2017 $3,029 $227,466 $52,151 $175,315
2016 $2,995 $223,005 $51,128 $171,877
2015 $3,008 $219,655 $50,360 $169,295
2014 $2,833 $215,353 $49,374 $165,979
Source: Public Records

Agents Affiliated with this Home

  • Yaneli Garcia

    Seller's Agent in 2021

    Yaneli Garcia

    Mainstreet Realtors

    (909) 744-0997

    1 in this area

    21 Total Sales

    Yaneli Garcia
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21040122

California Regional Multiple Listing Service (CRMLS)

APN: 0131-091-34

California San Bernardino County Rialto 92376

559 S Willow Ave, Rialto, CA

Not Listed for Sale

MultiFamily

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