NOT LISTED FOR SALE
6 Beds
4 Baths
2,600 Sq Ft
7,582 Sq Ft Lot

Last Sold April 18, 2014

Last sale price $520,000 $200 Per Sq Ft

326 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Ceiling Fan
  • Cooling System Mounted To A Wall/Window
  • Sliding Doors
  • Carpet

About This Home

As of April 2014

Motivated seller, Well maintained Building. located in the heart of Corona, closed to Free way 91 Grand Ave Exit, city Hall, shopping center, School, Charges well maintained quite neighborhood, on the border of Orange & Riverside County. Great location & Perfect for owner occupied or Investor. FHA APPROVED, Very Low Maintenance, Long Term Tenants. Recently remodeled 2 units have washer & dryer hook ups, 4 covered car-ports which can be convert to enclosed Garages for collecting higher rent, very potential property, easy to maintain, Single level with Secured gated play grand and Access to alley NO TENANT TURNOVER. THE UNITS ARE DEFINITELY GENERATING GOOD RENT.
PLEASE DO NOT CONTACT OCCUPANCE, JUST DRIVE BY.
Seller entertains offers from serious, qualified and reasonable buyers ONLY.
**********BACK ON THE MARKET with $55000 price reduction**********

Last Agent to Sell the Property

Matt Mirhadi

Preferred PropertyGroup Realty License #01018993 Listed on: 04/20/2013

Last Buyer's Agent

Abe Saldivar

Global Properties, Inc. License #01411388

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,582 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 2,600 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / 125
  • Tax Tract Number 1
  • Assessor Parcel Number 117176003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $300
  • Insurance Expense $900
  • Trash Expense $960
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,345
  • Gross Income $3,640
  • Net Operating Income $39,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.25
  • Inclusions: All Attache fixture & A/Cs
  • Other Phone Description: 714-309-8025
  • Other Phone Number: 714-309-8025
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 117176003
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 200.00

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Builder Name: *
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Sewer Paid
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7582.00
  • Lot Size Acres: 0.1740

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3640.00
  • Gross Scheduled Income: 43680.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7582.0000 Square Feet
  • Net Operating Income: 39120.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Operating Expense: 4560.00
  • Rent Control: No
  • Total Actual Rent: 3640.00
  • Vacancy Allowance: 1

Tax Info

  • New Taxes Expense: 5345.00
  • Tax Block: 125
  • Tax Lot: 8
  • Tax Tract Number: 1
  • Tax Year: 2011

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2014 04/18/14 Sold $520,000 -16.8% $200 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
04/20/2013 04/20/13 For Sale $625,000 +33.8% $240 / Sq Ft
10/15/2012 10/15/12 Sold $467,000 +46600.0% $146 / Sq Ft
10/07/2012 10/07/12 Pending -- -- --
07/17/2012 07/17/12 Rented $1,000 +5.3% --
07/15/2012 07/15/12 Under Contract -- -- --
06/05/2012 06/05/12 For Rent $950 0.0% --
04/13/2012 04/13/12 For Sale $529,000 -- $165 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13071533

California Regional Multiple Listing Service (CRMLS)

APN: 117-176-003