NOT LISTED FOR SALE

615 Harris St Corona, CA 92882

Central Corona Neighborhood

Estimated Value: $604,000 - $810,575

6 Beds
4 Baths
2,020 Sq Ft
$367/Sq Ft Est. Value

Last Sold March 16, 2016

Last sale price $445,000 $220 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,362/month

7 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Bonus Room
  • Cooling System Mounted To A Wall/Window
  • Attic
  • No HOA
  • Laundry Room

About This Home

As of March 2016

Fantastic Income Producing Triplex (3 units) in a highly desirable neighborhood, features a stand alone, private, front bungalow with 2 bedrooms, 2 bathrooms. 2 units behind the home (separate building) features 2 bedrooms, 1 bath. Each unit of the separate building has a converted 3rd bonus room (this increases gross living area). Both buildings have been newly painted. Many upgrades and improvements have been done in late 2015 and 2016. All government compliances are up-to-code. Option to live in the front home and have other 2 units used for rental income. Great time to take advantage of low interest rates to improve cash flow. Close to schools, shopping, and City Hall. 3/4 of a mile to 91 freeway access. Current gross rent for all 3 units is $3150 per month. Each unit has its own mailing address. Hurry, this fantastic turn-key property will not last!

Last Agent to Sell the Property

Phillip Beal

Phillip Beal, Broker License #01054594 Listed on: 02/18/2016

Last Buyer's Agent

Gene Hacker

Buyer's Choice Realty License #01712911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,803

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • West Facing Home
  • Chain Link Fence
  • Brick Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Property Attached
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,020 Sq Ft Home
  • Sliding Doors
  • Panel Doors
  • Family Room
  • Bonus Room
  • Fire and Smoke Detector
  • Gas Range
  • Attic

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 004
  • Tax Tract Number 141
  • Assessor Parcel Number 110082009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $3,982
  • Gross Income $3,150
  • Net Operating Income $28,698

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,803

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Fire and Smoke Detection System
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 110082009
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Door Features: Panel Doors, Sliding Doors
  • Levels: One
  • Price Per Square Foot: 220.30
  • Room Type: Attic, All Bedrooms Down, Bonus Room, Family Room

Exterior Features

  • Direction Faces: West
  • Foundation: Slab, Raised
  • Other Structures: Shed(s)
  • Fencing: Brick, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Price Per Lot Square Foot: 60.09
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3150.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 28698.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 2
  • Number With Range: 1
  • Operating Expense: 8382.00
  • Rent Control: No
  • Total Actual Rent: 37800.00

Tax Info

  • New Taxes Expense: 3982.00
  • Tax Lot: 004
  • Tax Tract Number: 141
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2016
Closed on
Mar 14, 2016
Sold by
Timpe Lauren
Bought by
Castellanos Jorge M
Seller's Agent
Phillip Beal
Phillip Beal, Broker
Buyer's Agent
Gene Hacker
Buyer's Choice Realty
List Price
$479,990
Sold Price
$445,000
Premium/Discount to List
-$34,990
-7.29%
Current Estimated Value
$740,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,894
Avg. Annual Appreciation
5.44%
Original Mortgage
$326,200
Outstanding Balance
$258,082
Interest Rate
3.72%
Mortgage Type
Commercial
Estimated Equity
$482,812

Purchase Details

Listed on
Feb 18, 2016
Closed on
Feb 5, 2016
Sold by
Beal Phillip W and Beal Carla L
Bought by
Castellanos Jorge M
Seller's Agent
Phillip Beal
Phillip Beal, Broker
Buyer's Agent
Gene Hacker
Buyer's Choice Realty
List Price
$479,990
Sold Price
$445,000
Premium/Discount to List
-$34,990
-7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,200
Outstanding Balance
$258,082
Interest Rate
3.72%
Mortgage Type
Commercial
Estimated Equity
$482,812

Purchase Details

Closed on
Aug 14, 2003
Sold by
Padilla Jose D and Padilla Irene R
Bought by
Beal Philip W and Beal Carla L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Castellanos Jorge M -- Ortc
Castellanos Jorge M $445,000 Ortc
Beal Philip W $355,000 Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castellanos Jorge M $326,200
Previous Owner Beal Philip W $266,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2016 03/16/16 Sold $445,000 -7.3% $220 / Sq Ft
02/25/2016 02/25/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $479,990 -- $238 / 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 $5,803 $526,783 $118,377 $408,406
2023 $5,803 $506,330 $113,781 $392,549
2022 $5,620 $496,402 $111,550 $384,852
2021 $5,509 $486,669 $109,363 $377,306
2020 $5,448 $481,680 $108,242 $373,438
2019 $5,323 $472,236 $106,120 $366,116
2018 $5,204 $462,978 $104,040 $358,938
2017 $5,077 $453,900 $102,000 $351,900
2016 $4,820 $426,357 $102,081 $324,276
2015 $4,051 $360,000 $100,000 $260,000
2014 $3,982 $360,000 $100,000 $260,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Phillip Beal

    Phillip Beal, Broker

  • G

    Buyer's Agent in 2016

    Gene Hacker

    Buyer's Choice Realty

    (714) 888-2816

    30 Total Sales

    Gene Hacker
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16033994

California Regional Multiple Listing Service (CRMLS)

APN: 110-082-009

California Riverside County Corona 92882 Central Corona

615 Harris St, Corona, CA

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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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