NOT LISTED FOR SALE

741 E Olive St Colton, CA 92324

Estimated Value: $526,000 - $854,252

6 Beds
4 Baths
2,066 Sq Ft
$320/Sq Ft Est. Value

Last Sold November 30, 2015

Last sale price $330,000 $160 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $3,745/month

24 Days on Market

About This Home

As of November 2015

The properties are in a very convenient location. It closes to a big shopping mall. A lot of restaurants and retail shops can be chosen. The 3 units contains three buildings. 2 buildings are built in 1928. 1 building is built in 1946. Close to 10 fwy.
The address is 739 A, 739 B and 741 East Olive Street, Colton, Ca 92324

Last Agent to Sell the Property

CHUNG LEUNG

TREELINE REALTY License #01317789 Listed on: 09/14/2015

TREELINE REALTY

Last Buyer's Agent

JAZMIN MONTES-SERRATO

All Nations Realty & Investments License #01928971

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 92x120
  • No Common Walls
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,066 Sq Ft Home
  • City Lights Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 121
  • Tax Tract Number 70
  • Assessor Parcel Number 0161134270000

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Water Sewer Expense $240
  • New Taxes Expense $3,454
  • Gross Income $2,875
  • Net Operating Income $32,883

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0.25 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 240.00
  • Property Type: Residential Income
  • Parcel Number: 0161134270000
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 159.73

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Concrete

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Level, Lot 10000-19999 Sqft
  • Lot Size: 92x120
  • Lot Size Sq Ft: 11040.00
  • Price Per Lot Square Foot: 29.80
  • Lot Size Acres: 0.2530

Multi Family

  • Gross Income: 2875.00
  • Gross Scheduled Income: 33900.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 11040.0000 Square Feet
  • Net Operating Income: 32883.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 1017.00
  • Other Income Description: water
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3454.00
  • Tax Lot: 121
  • Tax Tract Number: 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2021
Sold by
Wei Shaorong
Bought by
Wei Shaorong and Shaorong Wei Family Trust
Current Estimated Value
$661,563

Purchase Details

Closed on
Feb 13, 2017
Sold by
Hui King Fun
Bought by
Hui King Fun and King Fun Hui Family Trust

Purchase Details

Listed on
Dec 1, 2011
Closed on
Jan 26, 2012
Sold by
Premium Pacific Properties Inc
Bought by
Wu Chao and Hui King Fun
Seller's Agent
Sergio Sahagun
DYNASTY REAL ESTATE
Buyer's Agent
KING HUI
Palm International Real Estate Inc.
List Price
$259,900
Sold Price
$255,000
Premium/Discount to List
-$4,900
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%

Purchase Details

Closed on
Aug 17, 2011
Sold by
Iribe Elfida
Bought by
Premium Pacific Properties

Purchase Details

Closed on
Mar 7, 2006
Sold by
Garcia Juan Manuel
Bought by
Iribe Elfida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
8%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 23, 2006
Sold by
Wagner Jack R and Wagner Sandra N
Bought by
Iribe Elfida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
8%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 17, 2002
Sold by
Wagner Jack R
Bought by
Wagner Jack R and Wagner Sandra N
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
Wei Shaorong -- None Available
Hui King Fun -- None Available
Wu Chao $255,000 Lawyers Title
Premium Pacific Properties $122,200 None Available
Iribe Elfida -- First American
Iribe Elfida $550,000 First American
Wagner Jack R -- --
Wagner Jack R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Iribe Elfida $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2015 11/30/15 Sold $330,000 +3.1% $160 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $320,000 +25.5% $155 / Sq Ft
02/07/2012 02/07/12 Sold $255,000 -1.9% $123 / Sq Ft View Prior Sale
12/30/2011 12/30/11 Pending -- -- --
12/01/2011 12/01/11 For Sale $259,900 -- $126 / 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 $4,032 $320,296 $60,291 $260,005
2024 $3,848 $314,016 $59,109 $254,907
2023 $3,859 $307,859 $57,950 $249,909
2022 $3,804 $301,823 $56,814 $245,009
2021 $3,882 $295,905 $55,700 $240,205
2020 $3,899 $292,871 $55,129 $237,742
2019 $3,793 $287,128 $54,048 $233,080
2018 $3,733 $281,498 $52,988 $228,510
2017 $3,603 $275,978 $51,949 $224,029
2016 $3,693 $270,566 $50,930 $219,636
2015 $3,577 $266,502 $50,165 $216,337
2014 $3,454 $261,281 $49,182 $212,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS15203455

California Regional Multiple Listing Service (CRMLS)

APN: 0161-134-27

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