NOT LISTED FOR SALE

Estimated Value: $603,433 - $693,000

2 Beds
2 Baths
800 Sq Ft
$797/Sq Ft Est. Value

Last Sold January 04, 2021

Last sale price $420,000 $525 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,924/month

2 Days on Market

Highlights

  • Community Lake
  • Park
  • Ceiling Fan
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Heating Available

About This Home

As of January 2021

GREAT OPPRTUNITY for INVESTORS or Developers !!! If you are looking to make some extra monthly income you have come to a right place. This is a four unit on 16,000/sq/ft. Consist of a front house which is 2 Bd/1 Ba and 3 separated studios with their own entrances. Each unit has their own designated parking space with private patio loocated in a quiet area of San Bernardino. Close to shopping, school and public transportation. This property is zoned for multiple units and there are plenty of future opportunities. LOT is zoned for multiple units and there are countless ideas.

Last Agent to Sell the Property

Beatriz Rios

Excellence RE Real Estate License #02045119 Listed on: 08/17/2020

Last Buyer's Agent

Angel Aguayo

Quality Homes & Loans, Inc. License #01813161

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,732

Year Built

  • Built in 1926

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Interior Spaces

  • 800 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 11 / 3
  • Tax Tract Number 1964
  • Assessor Parcel Number 0273103060000

Community Details

Overview

  • 4 Units
  • Community Lake

Recreation

  • Park

Building Details

  • 4 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $150
  • Fuel Expense $80
  • Gardener Expense $150
  • Insurance Expense $100
  • Trash Expense $84
  • Water Sewer Expense $150
  • New Taxes Expense $330
  • Operating Expense $10,498
  • Net Operating Income $37,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,732

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 150.00
  • Zoning: RM3
  • Property Type: Residential Income
  • Gardener Expense: 150.00
  • Parcel Number: 0273103060000
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 525.00

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 84.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Lake, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 16000.00
  • Lot Size Acres: 0.3673

Multi Family

  • Electric Expense: 150.00
  • Fuel Expense: 80.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 100.00
  • Lot Size Area: 16000.0000 Square Feet
  • Net Operating Income: 37404.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10596.00
  • Rent Control: No
  • Total Actual Rent: 4000.00
  • Total Expenses: 10498.00

Tax Info

  • New Taxes Expense: 330.00
  • Tax Block: 3
  • Tax Census Tract: 63.02
  • Tax Lot: 11
  • Tax Tract Number: 1964

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2020
Sold by
Rasul Jawaid Abdul
Bought by
Garcia Abel Salgado and Salgado Elizabeth
Current Estimated Value
$637,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,392
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 2017
Sold by
M & A Enterprise Llc
Bought by
Rasul Jawaid Abdul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.89%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 9, 2017
Sold by
Neram Group Inc
Bought by
M & A Enterprise Llc

Purchase Details

Closed on
Mar 23, 2015
Sold by
Roque Bertha
Bought by
Neram Group Inc

Purchase Details

Closed on
Feb 23, 2015
Sold by
Salcedo Nilton J Anaya
Bought by
Roque Bertha

Purchase Details

Listed on
Feb 26, 2014
Closed on
May 28, 2014
Sold by
Fannie Mae
Bought by
Anaya Salcedo Nilton J
Seller's Agent
Gunter Blesch
BLESCH & ASSOCIATES R. E.
Buyer's Agent
Jerritt Watts
BLESCH & ASSOCIATES R. E.
List Price
$199,900
Sold Price
$178,000
Premium/Discount to List
-$21,900
-10.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.96%
Original Mortgage
$46,000
Interest Rate
4.09%
Mortgage Type
Unknown

Purchase Details

Listed on
Feb 26, 2014
Closed on
May 20, 2014
Sold by
Anaya Evelin
Bought by
Salcedo Nilton J Anaya
Seller's Agent
Gunter Blesch
BLESCH & ASSOCIATES R. E.
Buyer's Agent
Jerritt Watts
BLESCH & ASSOCIATES R. E.
List Price
$199,900
Sold Price
$178,000
Premium/Discount to List
-$21,900
-10.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
4.09%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 25, 2013
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 6, 2013
Sold by
Linton Nancy E and Linton Juanita
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jul 22, 2005
Sold by
Lemos Michael
Bought by
Linton Nancy E and Linton Juanita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2004
Sold by
Harmon Jerry C and Harmon Karyn S
Bought by
Lemos Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,800
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 1999
Sold by
Federal National Mortgage Association
Bought by
Sodhi Rajesh K

Purchase Details

Closed on
Mar 12, 1993
Sold by
Rendon Harmon Dwight C and Rendon Harmon Maria
Bought by
Harmon Jerry C and Harmon Karyn S
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Garcia Abel Salgado $420,000 Pacific Coast Title
Rasul Jawaid Abdul $360,000 Pacific Coast Title
M & A Enterprise Llc $349,943 Orange Coast Title Company
Neram Group Inc -- Title 365
Roque Bertha $182,000 Advantage Title Inc
Anaya Salcedo Nilton J $178,000 Old Republic Title
Salcedo Nilton J Anaya -- Old Republic Title
Federal National Mortgage Association -- None Available
Jpmorgan Chase Bank National Association $381,951 Lsi Title Company
Linton Nancy E $420,000 Fidelity National Title Co
Lemos Michael $246,000 First American
Sodhi Rajesh K $57,000 First American Title Ins Co
Harmon Jerry C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Abel Salgado $412,392
Previous Owner Rasul Jawaid Abdul $320,000
Previous Owner Neram Group Inc $80,000
Previous Owner Neram Group Inc $190,000
Previous Owner Neram Group Inc $110,000
Previous Owner Neram Group Inc $45,000
Previous Owner Neram Group Inc $55,000
Previous Owner Salcedo Nilton J A $46,000
Previous Owner Anaya Salcedo Nilton J $131,000
Previous Owner Salcedo Nilton J Anaya $131,000
Previous Owner Linton Nancy E $399,500
Previous Owner Linton Nancy E $378,000
Previous Owner Lemos Michael $196,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2021 01/04/21 Sold $420,000 -16.0% $525 / Sq Ft
12/10/2020 12/10/20 Price Changed $499,999 0.0% $625 / Sq Ft
09/21/2020 09/21/20 For Sale $499,999 0.0% $625 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $499,999 +180.9% $625 / Sq Ft
05/29/2014 05/29/14 Sold $178,000 -11.0% $82 / Sq Ft
03/17/2014 03/17/14 Pending -- -- --
10/08/2013 10/08/13 For Sale $199,900 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $5,732 $454,623 $113,656 $340,967
2024 $5,732 $445,708 $111,427 $334,281
2023 $5,590 $436,968 $109,242 $327,726
2022 $5,603 $428,400 $107,100 $321,300
2021 $5,078 $378,424 $105,118 $273,306
2020 $6,598 $374,544 $104,040 $270,504
2019 $6,615 $367,200 $102,000 $265,200
2018 $5,977 $360,000 $100,000 $260,000
2017 $4,280 $227,823 $68,347 $159,476
2016 $4,594 $223,356 $67,007 $156,349
2015 $2,501 $181,557 $54,059 $127,498
2014 $2,702 $200,000 $60,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20167811

California Regional Multiple Listing Service (CRMLS)

APN: 0273-103-06