NOT LISTED FOR SALE

693 Illinois Ave Beaumont, CA 92223

Estimated Value: $519,435 - $577,000

4 Beds
4 Baths
2,255 Sq Ft
$243/Sq Ft Est. Value

Sale Details

Date Sold: May 21, 2019

Last sale price $315,000 $140 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,277 / mo

27 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • East Facing Home
  • Neighborhood Views
  • Central Heating and Cooling System
  • Carpet

About This Home

As of May 2019

Great income property centrally located in the City of Beaumont. This property features two, 2 bedroom, 2 bathroom units with large living rooms and open kitchen concept. One unit has a private 3/4 bathroom in large bedroom, and an enclosed patio area providing additional living space. Each unit has a full bathroom, central A/C & heat, wash/dryer electric and gas hookups in separate laundry closets. Private back yard areas, separate carports and storage cabinets/closets. Neighborhood features other rental properties and apartment communities. Close to schools, parks, businesses, commuter friendly and close to local bus transit routes. This is a great opportunity for an investor, or live in one unit and rent the other unit out. Not many income properties in Beaumont or surrounding cities so do not miss out on this property!

Last Agent to Sell the Property

Veronica Hollenbaugh

VERONICA HOLLENBAUGH R.E. SERV License #01327994 Listed on: 03/28/2019

Last Buyer's Agent

David Pham

National Brokers License #01333519

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,195

Year Built

  • Built in 1977

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Front Yard
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,255 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / 1
  • Tax Tract Number 38
  • Assessor Parcel Number 418020041

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $750
  • Insurance Expense $1,634
  • Pest Control $288
  • Professional Management Expense $2,187
  • Trash Expense $1,523
  • Water Sewer Expense $909
  • Operating Expense $5,104
  • Gross Income $24,300
  • Net Operating Income $19,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,195

Year Built

Built in 1977

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2187.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 909.00
  • Zoning: C2
  • Property Type: Residential Income
  • Gardener Expense: 750.00
  • Parcel Number: 418020041
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 139.69

Exterior Features

  • Direction Faces: East
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet
  • Pest Control Expense: 288.00
  • Sewer: Public Sewer
  • Trash Expense: 1523.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 24300.00
  • Gross Scheduled Income: 24300.00
  • Insurance Expense: 1634.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 19195.96
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 5104.04
  • Rent Control: No
  • Total Actual Rent: 2025.00
  • Total Expenses: 5104.04

Tax Info

  • Tax Area: 002027
  • Tax Block: 1
  • Tax Census Tract: 438.21
  • Tax Lot: 8
  • Tax Tract Number: 038/03
  • Tax Annual Amount: 3195.30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2019
Closed on
May 10, 2019
Sold by
Olivan Family Trust
Bought by
Huy Manh Tran Investments
Seller's Agent
Veronica Hollenbaugh
VERONICA HOLLENBAUGH R.E. SERV
Buyer's Agent
David Pham
National Brokers
List Price
$341,500
Sold Price
$315,000
Premium/Discount to List
-$26,500
-7.76%
Current Estimated Value
$546,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,859
Avg. Annual Appreciation
8.31%

Purchase Details

Closed on
Aug 7, 2014
Sold by
Olivan Daniel and Olivan Delena Irene
Bought by
The Olivan Family Trust

Purchase Details

Closed on
Jul 25, 2003
Sold by
Schlosser Iris M
Bought by
Olivan Daniel and Olivan Delena I
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Huy Manh Tran Investments $315,000 Lawyers Title Ie
The Olivan Family Trust -- None Available
Olivan Daniel $185,000 Chicago Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2019 05/21/19 Sold $315,000 -7.8% $140 / Sq Ft
04/24/2019 04/24/19 Pending -- -- --
03/28/2019 03/28/19 For Sale $341,500 -- $151 / 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 $4,532 $351,383 $44,617 $306,766
2023 $4,532 $337,740 $42,886 $294,854
2022 $4,463 $331,119 $42,046 $289,073
2021 $4,378 $324,627 $41,222 $283,405
2020 $4,333 $321,300 $40,800 $280,500
2019 $3,208 $235,775 $38,225 $197,550
2018 $3,195 $231,153 $37,477 $193,676
2017 $3,145 $226,622 $36,743 $189,879
2016 $3,063 $222,179 $36,023 $186,156
2015 $3,012 $218,843 $35,483 $183,360
2014 $2,813 $200,000 $40,000 $160,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV19071035

California Regional Multiple Listing Service (CRMLS)

APN: 418-020-041

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