NOT LISTED FOR SALE

Estimated Value: $1,226,900

8 Beds
5 Baths
2,284 Sq Ft
$537/Sq Ft Est. Value

Sale Details

Date Sold: August 2, 2024

Last sale price $1,225,000 $536 Per Sq Ft

Current estimated payment $7,827 / mo

1 Day on Market

Highlights

  • 0.48 Acre Lot
  • No HOA
  • 1-Story Property

About This Home

As of August 2024

Discover an exceptional investment opportunity with this charming property on nearly half an acre, perfect for adding substantial rental income to your portfolio. This unique offering includes a duplex with two spacious 2-bedroom, 1-bathroom units, a detached 3-bedroom, 2-bathroom house, and a cozy 1-bedroom, 1-bathroom studio. Additionally, a versatile detached garage/workshop holds potential for conversion into an ADU (Accessory Dwelling Unit), subject to approval from local authorities. All units are currently tenant-occupied, ensuring a steady stream of rental income from day one. With its variety of living spaces and generous lot size, this property promises both immediate returns and long-term growth for discerning investors.

Last Agent to Sell the Property

Omar Avila

Pinpoint Realtors Brokerage Phone: 951-567-3133 License #01954405 Listed on: 06/13/2024

Last Buyer's Agent

Rabinder S Dhir

OFFERCITY HOMES License #01709796

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 20,909 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,284 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 40402
  • Assessor Parcel Number 165130008
  • $46 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • Operating Expense $4,800
  • Gross Income $79,728
  • Net Operating Income $74,928

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0.48 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: C-P-S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 165130008
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 536.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 20909.00
  • Lot Size Acres: 0.4800
  • Latitude Manual: 33.97653300

Multi Family

  • Gross Income: 79728.00
  • Gross Scheduled Income: 79728.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 20909.0000 Square Feet
  • Net Operating Income: 74928.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4800.00
  • Rent Control: No
  • Total Actual Rent: 6644.00
  • Total Expenses: 4800.00

Tax Info

  • Tax Census Tract: 404.02
  • Tax Lot: 20
  • Tax Tract Number: 040402
  • TaxOtherAnnualAssessmentAmount: 46.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Jun 25, 2024
Sold by
Bought by
Seller's Agent
Omar Avila
Pinpoint Realtors
Buyer's Agent
Rabinder S Dhir
OFFERCITY HOMES
List Price
$1,259,999
Sold Price
$1,225,000
Premium/Discount to List
-$34,999
-2.78%
Views
15
Current Estimated Value
$1,226,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,900
Avg. Annual Appreciation
-0.25%
Original Mortgage
$720,000
Outstanding Balance
$704,470
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$514,547

Purchase Details

Closed on
Jul 5, 2007
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,225,000 First American Title
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $720,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold $1,225,000 -2.8% $536 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $1,259,999 -- $552 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,701 $1,249,500 $397,800 $851,700
2025 $3,042 $1,225,000 $390,000 $835,000
2023 $3,042 $272,144 $98,795 $173,349
2022 $2,991 $266,808 $96,858 $169,950
2021 $2,970 $261,577 $94,959 $166,618
2020 $2,944 $258,896 $93,986 $164,910
2019 $2,871 $253,821 $92,144 $161,677
2018 $2,779 $248,845 $90,339 $158,506
2017 $2,751 $243,967 $88,568 $155,399
2016 $2,714 $239,184 $86,832 $152,352
2015 $2,677 $235,593 $85,529 $150,064
2014 $2,494 $230,979 $83,854 $147,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG24121257

California Regional Multiple Listing Service (CRMLS)

APN: 165-130-008

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