$467,000
SOLD OCT 15, 2012

606 W 7th St Corona, CA 92882

Central Corona Neighborhood
-- Bed
-- Bath
3,200 Sq Ft
7,581 Sq Ft Lot

Recently Sold

$146 Per Sq Ft

12% Below List Price

177 Days on Market

Highlights

  • Granite Countertops
  • Halls are 36 inches wide or more
  • Wood Siding
  • No Interior Steps
  • Accessible Parking
  • Carpet

About This Home

As of April 2014

*******PRICE REDUCED ***** REDUCED ***** PRICE REDUCED ************ GREAT LOCATION IN CORONA, PERFECT FOR OWNER OR INVESTOR, FHA APPROVED 4 UNITS CLEAN AND LOW MAINTENANCE, LONG TERM TENANTS , 2 UNITS 2 BEDROOMS 1 BATH ($950/M) AND 2 UNITS 1 BEDROOM 1 BATH ($850/M) , NICE PATIO WITH WASHER DRYER HOOK UPS,4 CARPORTS PLUS STORAGE THAT COULD TURN INTO LAUNDRY ROOM. MOTIVATED SELLER, BRING OFFERS, OWNER MAY CARRY, ***please don't talk to Tenants*****

Last Agent to Sell the Property

Ben Bandari

APEX Real Estate & Assoc. License #01187637 Listed on: 04/13/2012

Last Buyer's Agent

Matt Mirhadi

Preferred PropertyGroup Realty License #01018993

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 7,581 Sq Ft Lot

Home Design

  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • Window Screens
  • Carpet

Kitchen

  • Gas Oven or Range
  • Range
  • Granite Countertops
  • Ceramic Countertops

Parking

  • 4 Parking Spaces
  • Covered Parking

Accessible Home Design

  • Halls are 36 inches wide or more
  • No Interior Steps
  • Ramp on the main level
  • Accessible Parking

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Insurance Expense $900
  • Pest Control $50
  • Trash Expense $960
  • Water Sewer Expense $2,400
  • New Taxes Expense $5,500
  • Gross Income $3,650
  • Net Operating Income $38,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.74
  • View: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 117176003
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Granite Counters
  • Flooring: Carpet
  • Accessibility Features: 36 Inch Or More Wide Halls, No Interior Steps, Parking, Ramp - Main Level
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 145.94
  • Window Features: Screens

Exterior Features

  • Foundation: Block, Slab
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Covered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Pest Control Expense: 50.00
  • Sewer: Sewer Paid
  • Trash Expense: 960.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7581.00
  • Lot Size Acres: 0.1740

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 850
  • Gross Income: 3650.00
  • Gross Multiplier: 11.39
  • Gross Scheduled Income: 43800.00
  • Gross Spendable Income: 38600.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7581.0000 Square Feet
  • Net Operating Income: 38600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Operating Expense: 5200.00
  • Other Expense Description: 300
  • Total Actual Rent: 43800.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Block: 125
  • Tax Lot: 8
  • Tax Tract Number: 1
  • Tax Year: 5800

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

  • Matt Mirhadi

    Seller's Agent in 2014

    Matt Mirhadi

    Preferred PropertyGroup Realty

    (949) 351-3364

    8 Total Sales

    Matt Mirhadi
    Section Image
  • Abe Saldivar

    Buyer's Agent in 2014

    Abe Saldivar

    Global Properties, Inc.

    (310) 795-7435

    4 Total Sales

    Abe Saldivar
    Section Image

  • B

    Seller's Agent in 2012

    Ben Bandari

    APEX Real Estate & Assoc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P818570

California Regional Multiple Listing Service (CRMLS)

APN: 117-176-003

California Riverside County Corona 92882 Central Corona

606 W 7th St, Corona, CA

This home is located at 606 W 7th St, Corona, CA 92882 and is currently priced at $467,000, approximately $145 per square foot. This property was built in 1979. 606 W 7th St is a home located in Riverside County with nearby schools including Jefferson Elementary School, Letha Raney Intermediate School, and Corona High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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