NOT LISTED FOR SALE

7392 Lariat Place Rancho Cucamonga, CA 91730

Estimated Value: $1,091,000 - $1,568,000

9 Beds
8 Baths
4,066 Sq Ft
$349/Sq Ft Est. Value

Last Sold August 25, 2016

Last sale price $875,000 $215 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $9,318/month

97 Days on Market

Highlights

  • Private Pool
  • Resident Manager or Management On Site
  • Central Heating and Cooling System
  • Alta Loma High Rated A
  • Laundry Room
  • Wood Siding

About This Home

As of August 2016

The subject property is a 4 unit built in 1986. Each unit having a 2 car garage for the tenants and central heating and cooling. Utilities are separately metered for gas and electricity. There is a laundry room for the tenants that generates additional income for owner. The upstairs units have vaulted ceilings and an open floor plan. All the units have spacious patio and balconies that give the tenants outdoor space. Because the property is located within an association/community, the property benefits from the care of the association and allows tenants to use the pool, trash, and guest parking for visitors. When tenants look for apartments to rent, having 2 garage parking spaces makes a big difference for them unlike many other rental properties that offer only carport or 1 space for a 2 bed unit.

Last Agent to Sell the Property

Carlos Skubacz

RE/MAX 2000 License #01474295 Listed on: 04/29/2016

RE/MAX 2000

Co-Listed By

Judy Lee

EXP REALTY OF CALIFORNIA INC License #01857034

Last Buyer's Agent

Jeffrey Berg

Seven Gables Real Estate License #00995767

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,334

Year Built

  • Built in 1986

Lot Details

  • 8,320 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $830 Monthly HOA Fees

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,066 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Pool

  • Private Pool
  • Spa

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 20
  • Assessor Parcel Number 0208172120000

Community Details

Overview

  • Master Insurance
  • 4 Units
  • Lariat Homeowner Assoc Association

Recreation

  • Community Pool
  • Community Spa

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $542
  • Insurance Expense $472
  • Maintenance Expense $600
  • Other Expense $9,960
  • Water Sewer Expense $2,370
  • New Taxes Expense $11,238
  • Gross Income $5,405
  • Net Operating Income $40,281

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,334

Year Built

Built in 1986

Lot Details

0

HOA Fees

$830 per month

Parking

8

Listing Details

  • Assessments: Yes
  • CapRate: 4.48
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Resident Manager
  • Water Sewer Expenses: 2370.00
  • Property Type: Residential Income
  • Parcel Number: 0208172120000
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 215.20
  • Spa Features: Association

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Annually, Insurance, Management, Pool, Spa/Hot Tub, Trash
  • Association Fee: 830.00
  • Association Fee Frequency: Monthly
  • Association Name: Lariat Homeowner Assoc
  • Community Features: Curbs, Street Lights

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8320.00
  • Price Per Lot Square Foot: 105.17

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 542.00
  • Gross Income: 5405.00
  • Gross Multiplier: 13.70
  • Gross Scheduled Income: 65621.00
  • Insurance Expense: 472.00
  • Laundry Equipment Own Lease: Lease
  • Maintenance Expense: 600.00
  • Net Operating Income: 40281.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25341.00
  • Other Expense: 9960.00
  • Other Expense Description: HOA
  • Rent Control: No
  • Total Actual Rent: 5405.00

Tax Info

  • New Taxes Expense: 11238.00
  • Tax Lot: 4
  • Tax Tract Number: 20.16
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2019
Sold by
Fitzgerald Dennis J and Kole Penny P
Bought by
Fitzgerald Dennis J and Kole Penny P
Current Estimated Value
$1,417,151

Purchase Details

Closed on
Jan 12, 2018
Sold by
Fitzgerald Dennis J and Kole Penny
Bought by
Fitzgerald Dennis J and Kole Penny P

Purchase Details

Listed on
Apr 29, 2016
Closed on
Aug 2, 2016
Sold by
Chateau Dearborn Llc
Bought by
Fitzgerald Dennis J and Kole Penny
Seller's Agent
Carlos Skubacz
RE/MAX 2000
Buyer's Agent
Jeffrey Berg
Seven Gables Real Estate
List Price
$939,000
Sold Price
$875,000
Premium/Discount to List
-$64,000
-6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%

Purchase Details

Listed on
Mar 27, 2015
Closed on
May 22, 2015
Sold by
Patel Rajendra and Patel Jyotsnaben
Bought by
Chateau Dearborn Llc
Seller's Agent
Carlos Skubacz
RE/MAX 2000
Buyer's Agent
Carlos Skubacz
RE/MAX 2000
List Price
$730,000
Sold Price
$730,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.73%
Original Mortgage
$360,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 27, 2015
Closed on
Mar 30, 2015
Sold by
Vaughan Audrey J
Bought by
Patel Rajendra and Patel Jyotsnaben
Seller's Agent
Carlos Skubacz
RE/MAX 2000
Buyer's Agent
Carlos Skubacz
RE/MAX 2000
List Price
$730,000
Sold Price
$730,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2015
Sold by
Vaughan Audrey J
Bought by
Vaughan Audrey J and Audrey J Vaughan Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2003
Sold by
Vaughan Audrey J
Bought by
Vaughan Audrey J and Audrey J Vaughan Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2002
Sold by
Vaughan Audrey J
Bought by
Vaughan Audrey J and Audrey J Vaughan Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.86%

Purchase Details

Closed on
Jun 13, 1996
Sold by
Vaughan Audrey
Bought by
Vaughan Audrey J and Audrey J Vaughan Revocable Tru
Source: Public Records

Range of Values:

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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
Fitzgerald Dennis J -- None Available
Fitzgerald Dennis J -- None Available
Fitzgerald Dennis J $875,000 Title 365
Chateau Dearborn Llc -- Accommodation
Patel Rajendra $730,000 Lawyers Title Company
Vaughan Audrey J -- Lawyers Title Company
Vaughan Audrey J -- Southland Title
Vaughan Audrey J -- Southland Title
Vaughan Audrey J -- Commerce Title
Vaughan Audrey J -- Commerce Title
Vaughan Audrey J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Rajendra $360,000
Previous Owner Vaughan Audrey J $239,000
Previous Owner Vaughan Audrey J $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2016 08/25/16 Sold $875,000 -6.8% $215 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $939,000 +28.6% $231 / Sq Ft
05/29/2015 05/29/15 Sold $730,000 0.0% $180 / Sq Ft View Prior Sale
03/28/2015 03/28/15 Pending -- -- --
03/27/2015 03/27/15 For Sale $730,000 -- $180 / 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 $11,334 $1,015,512 $348,175 $667,337
2024 $11,334 $995,600 $341,348 $654,252
2023 $11,094 $976,079 $334,655 $641,424
2022 $10,922 $956,940 $328,093 $628,847
2021 $10,921 $938,177 $321,660 $616,517
2020 $10,618 $928,557 $318,362 $610,195
2019 $10,569 $910,350 $312,120 $598,230
2018 $10,282 $892,500 $306,000 $586,500
2017 $10,103 $875,000 $300,000 $575,000
2016 $8,684 $741,133 $203,050 $538,083
2015 $6,762 $566,413 $169,925 $396,488
2014 -- $555,317 $166,596 $388,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16090551

California Regional Multiple Listing Service (CRMLS)

APN: 0208-172-12