NOT LISTED FOR SALE

640 S Olive Ave Rialto, CA 92376

Estimated Value: $737,000 - $836,000

6 Beds
5 Baths
3,106 Sq Ft
$258/Sq Ft Est. Value

Sale Details

Date Sold: May 10, 2017

Last sale price $450,000 $145 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,884 / mo

18 Days on Market

Highlights

  • Cul-De-Sac
  • Cooling Available
  • Heating Available

About This Home

As of May 2017

Triplex... 3 bed 2 bath... 2 bed 2 bath... 1 bed 1 bath... AC and Swamp Cooler. New Windows. Some updates have been done. Close to shopping centers. Great investment opportunity.

Last Agent to Sell the Property

Bryan Ibarra

CENTURY 21 MASTERS License #01895514 Listed on: 04/01/2017

CENTURY 21 MASTERS

Last Buyer's Agent

Jonathan Wang

Keller Williams Realty License #01993958

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 11,900 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 3,106 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 7337
  • Assessor Parcel Number 0131174040000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $900
  • Trash Expense $1,320
  • Water Sewer Expense $3,000
  • New Taxes Expense $5,600
  • Operating Expense $21,600
  • Gross Income $44,400
  • Net Operating Income $22,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.27 Acres

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 0131174040000
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 144.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1320.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11900.00

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 900.00
  • Net Operating Income: 22400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 21600.00
  • Rent Control: No
  • Total Expenses: 21600.00

Tax Info

  • New Taxes Expense: 5600.00
  • Tax Census Tract: 36.07
  • Tax Lot: 16
  • Tax Tract Number: 7337

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2019
Sold by
Jean Lucy
Bought by
Jean Lucy and Blue Island Trust
Current Estimated Value
$801,989

Purchase Details

Listed on
Apr 1, 2017
Closed on
Apr 21, 2017
Sold by
Kroll Ervin and Kroll Kathryn J
Bought by
Jean Lucy and Wang Nina
Seller's Agent
Bryan Ibarra
CENTURY 21 MASTERS
Buyer's Agent
Jonathan Wang
Keller Williams Realty
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%
Original Mortgage
$230,000
Outstanding Balance
$191,027
Interest Rate
4.14%
Mortgage Type
Seller Take Back
Estimated Equity
$610,962

Purchase Details

Closed on
Aug 7, 2007
Sold by
Kroll Ervin and Kroll Kathryn Jeanne
Bought by
Kroll Ervin and Kroll Kathryn J

Purchase Details

Closed on
Nov 3, 2003
Sold by
Kroll Ervin and Kroll Kathryn Jeanne
Bought by
Kroll Ervin and Kroll Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
Jean Lucy -- Accommodation
Jean Lucy $450,000 First American Title Company
Kroll Ervin -- None Available
Kroll Ervin -- Commonwealth
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 Jean Lucy $230,000
Previous Owner Kroll Ervin $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2017 05/10/17 Sold $450,000 0.0% $145 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
04/01/2017 04/01/17 For Sale $450,000 -- $145 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,520 $522,264 $116,058 $406,206
2024 $6,290 $512,023 $113,782 $398,241
2023 $6,710 $501,983 $111,551 $390,432
2022 $6,230 $492,140 $109,364 $382,776
2021 $6,190 $482,491 $107,220 $375,271
2020 $6,231 $477,544 $106,121 $371,423
2019 $6,089 $468,180 $104,040 $364,140
2018 $5,911 $459,000 $102,000 $357,000
2017 $2,817 $212,851 $42,055 $170,796
2016 $2,786 $208,677 $41,230 $167,447
2015 $2,798 $205,543 $40,611 $164,932
2014 $2,634 $201,516 $39,815 $161,701
Source: Public Records

Agents Affiliated with this Home

  • Bryan Ibarra

    Seller's Agent in 2017

    Bryan Ibarra

    CENTURY 21 MASTERS

    (626) 824-3791

    2 in this area

    36 Total Sales

    Bryan Ibarra
    Section Image

  • J

    Buyer's Agent in 2017

    Jonathan Wang

    Keller Williams Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17068063

California Regional Multiple Listing Service (CRMLS)

APN: 0131-174-04

California San Bernardino County Rialto 92376

640 S Olive Ave, Rialto, CA

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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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