NOT LISTED FOR SALE

Estimated Value: $1,024,000 - $1,105,000

8 Beds
7 Baths
3,838 Sq Ft
$280/Sq Ft Est. Value

Last Sold January 07, 2015

Last sale price $524,100 $137 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $6,250/month

56 Days on Market

Highlights

  • Private Pool
  • Smiley Elementary School Rated A-
  • 0.38 Acre Lot

About This Home

As of January 2015

A Four unit apartment building within the highly desirable "Brookside Park" community. Conveniently located close to public schools, Loma Linda University Medical Center, the Veterans Hospital, University of Redlands and ESRI ( Redlands offices for Geographic Info systems development ).


Professionally managed in prime location of Brookside Park, a resort style complex including 6 pools, 3 spas, tennis, basketball, playground area & lush landscaping. This is a timely opportunity for the no-hassle, "hands off" investor.


The building offers 1- 2 Br 2 Ba, townhouse style unit, 1 - 2 Br 2 Ba unit, 1- 1 Br 1 Ba unit, & 1 - 3 Br 2 Ba townhouse style unit.
There are 6 attached garages and a laundry area in the bldg.

$1,340 monthly association dues includes management, insurance, water, trash, grounds keeping (Pools, Tennis-Courts, Spas included), landscaping, and leasing fees.

Last Agent to Sell the Property

JASON ZAMORANO

KELLER WILLIAMS REALTY License #01926579 Listed on: 08/14/2014

Last Buyer's Agent

JASON ZAMORANO

KELLER WILLIAMS REALTY License #01926579 Listed on: 08/14/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,838 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Private Pool
  • Exterior Lighting

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 10360
  • Assessor Parcel Number 0292281050000

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Recreation

  • Community Pool

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,222
  • New Taxes Expense $6,604
  • Gross Income $4,685
  • Net Operating Income $25,231

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0.38 Acres

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 0292281050000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 136.56

Exterior Features

  • Pool Features: Association
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16555.00
  • Lot Size Acres: 0.3800

Multi Family

  • Electric Expense: 1222.00
  • Gross Income: 4685.00
  • Gross Scheduled Income: 50430.00
  • Lot Size Area: 16555.0000 Square Feet
  • Net Operating Income: 25231.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25198.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6604.00
  • Tax Lot: 5
  • Tax Tract Number: 10360
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2014
Sold by
Giuliano Joseph and Giuliano Grace M
Bought by
Kara Armen
Current Estimated Value
$1,074,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,600
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Buyer Sale Price Title Company
Kara Armen $524,500 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kara Armen $405,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2015 01/07/15 Sold $524,100 +4.8% $137 / Sq Ft
10/09/2014 10/09/14 Pending -- -- --
08/14/2014 08/14/14 For Sale $500,000 -- $130 / 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 $7,899 $629,892 $124,993 $504,899
2024 $7,379 $617,541 $122,542 $494,999
2023 $7,371 $605,432 $120,139 $485,293
2022 $7,265 $593,560 $117,783 $475,777
2021 $7,396 $581,922 $115,474 $466,448
2020 $7,287 $575,955 $114,290 $461,665
2019 $7,085 $564,662 $112,049 $452,613
2018 $6,910 $553,590 $109,852 $443,738
2017 $6,852 $542,735 $107,698 $435,037
2016 $6,775 $532,093 $105,586 $426,507
2015 $5,721 $444,303 $72,127 $372,176
2014 -- $435,600 $70,714 $364,886
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV14174171

California Regional Multiple Listing Service (CRMLS)

APN: 0292-281-05

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