Seller's Agent in 2020
Ashley Kay
RE/MAX
(909) 228-2838
52 Total Sales
659 Richland St Upland, CA 91786
Estimated Value: $1,371,000 - $1,743,000
8
Beds
8
Baths
3,200
Sq Ft
$479/Sq Ft
Est. Value
Highlights
- Laundry Room
- Central Heating and Cooling System
- 1-Story Property
About This Home
As of January 2020Beautiful, well-maintained, 4-unit property with plenty of upsides. At about 5% CAP Rate, this is also a very good investment property with lots of upsides. Conveniently located with easy access to schools, parks, shopping, restaurants and just minutes to Freeway 10. This is a gated property with private yards. Great, loyal, long-term tenants with low rents. 100% occupancy in the last 3+ years. All 4 units are 2 bedrooms and 1.5 baths each (not 2 full baths). There are 4 enclosed parking spaces and 4 open parking spaces; 2 parking spaces for each unit. There are recent renovations done on the property which includes new kitchen and AC unit to unit B with laminated wood floors; and new toilets, new paint, new tubs to other units, and a new community dryer replaced in 2017. Additional laundry income; very low maintenance costs. Great long-term tenants. Don't miss out this great opportunity to own one of the best-prized properties out there.
Last Buyer's Agent
Stephanie Chang
Transglobal Realty License #01970853
Property Details
Home Type
- Apartment
Year Built
- Built in 1983
Lot Details
- 8,174 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Interior Spaces
- 3,200 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 4
- Tax Tract Number 7507
- Assessor Parcel Number 1047221450000
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $240
- Fuel Expense $300
- Gardener Expense $600
- Insurance Expense $1,165
- Other Expense $322
- Trash Expense $1,790
- Water Sewer Expense $2,796
- New Taxes Expense $7,089
- Operating Expense $14,305
- Gross Income $1,200
- Net Operating Income $48,095
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2019
Closed on
Nov 18, 2019
Sold by
Karavasou Maria
Bought by
Chang Hsiaoyi Jeff and Chang Jih Yi
Seller's Agent
Ashley Kay
Re/Max Champions
Buyer's Agent
Stephanie Chang
Transglobal Realty
List Price
$988,000
Sold Price
$975,000
Premium/Discount to List
-$13,000
-1.32%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,602
Avg. Annual Appreciation
7.74%
Original Mortgage
$500,000
Outstanding Balance
$453,147
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$1,078,455
Purchase Details
Closed on
Sep 11, 2014
Sold by
Johnson George E
Bought by
Karavasou Maria
Purchase Details
Closed on
Sep 13, 2013
Sold by
Karavasou Maria
Bought by
Karavasou Maria and Johnson George E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,400
Interest Rate
4.36%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 15, 2007
Sold by
Escobar George E
Bought by
Karavasou Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 5, 2007
Sold by
Colantuono Orlando
Bought by
Karavasou Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chang Hsiaoyi Jeff | $975,000 | Fidelity National Title Co | |
| Chang Hsiaoyi Jeff | -- | Fidelity National Title Co | |
| Karavasou Maria | -- | Accommodation | |
| Karavasou Maria | -- | Advantage Title Inc | |
| Karavasou Maria | -- | First American Title Company | |
| Karavasou Maria | $780,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chang Hsiaoyi Jeff | $500,000 | |
| Previous Owner | Karavasou Maria | $623,400 | |
| Previous Owner | Karavasou Maria | $585,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2020 01/02/20 | Sold | $975,000 | -1.3% | $305 / Sq Ft |
| 11/19/2019 11/19/19 | Pending | -- | -- | -- |
| 11/01/2019 11/01/19 | For Sale | $988,000 | -- | $309 / 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 | $11,894 | $1,066,305 | $257,008 | $809,297 |
| 2024 | $11,623 | $1,045,397 | $251,969 | $793,428 |
| 2023 | $11,296 | $1,024,899 | $247,028 | $777,871 |
| 2022 | $11,144 | $1,004,803 | $242,184 | $762,619 |
| 2021 | $11,071 | $985,101 | $237,435 | $747,666 |
| 2020 | $7,595 | $675,600 | $187,700 | $487,900 |
| 2019 | $7,460 | $655,900 | $182,200 | $473,700 |
| 2018 | $7,089 | $618,800 | $171,900 | $446,900 |
| 2017 | $6,645 | $589,300 | $163,700 | $425,600 |
| 2016 | $6,037 | $561,200 | $155,900 | $405,300 |
| 2015 | $5,586 | $514,800 | $143,000 | $371,800 |
| 2014 | $5,233 | $487,900 | $135,500 | $352,400 |
Source: Public Records
Agents Affiliated with this Home
-
Ashley Kay
-
S
Buyer's Agent in 2020
Stephanie Chang
Transglobal Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR19256016
APN: 1047-221-45
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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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