NOT LISTED FOR SALE

Estimated Value: $515,000 - $664,000

7 Beds
3 Baths
2,598 Sq Ft
$228/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $520,000 $200 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,594/month

Highlights

  • No HOA
  • Laundry Room
  • 1 Attached Carport Space
  • Evaporated cooling system
  • Tile Flooring
  • Ceiling Fan

About This Home

As of October 2021

GREAT INVESTMENT WITH THREE INCOME PRODUCING UNITS! 3 separate single homes on one lot. 3ed/1Bath, 2Bed/1Bath and 2 Bed/1Bath. Back unit has new vinyl flooring in kitchen, living room and both bedrooms, newly painted inside rear unit, new ceiling fans, window A/C in Living room. All three units are leased. Two of the tenants are very long term tenants and pay their rents! Third tenant is newer. Each unit has a separate laundry area. Rock landscaping for easy maintenance DO NOT DISTURB TENANTS. Close to San Bernardino International Airport, freeways, shopping, and Amazon Distribution Centers.

Last Agent to Sell the Property

Kathleen Sutton

Coldwell Banker Realty License #01258901 Listed on: 09/21/2021

Coldwell Banker Realty

Last Buyer's Agent

Michael Garcia

MZ BROKERAGE INC. License #01965127

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 10,498 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Chain Link Fence

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage
  • 1 Attached Carport Space
  • Parking Available
  • Driveway

Home Design

  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,598 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Laundry in Kitchen
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Vented Exhaust Fan
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 7 / B
  • Tax Tract Number 2126
  • Assessor Parcel Number 1192121120000
  • $788 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $1,449
  • Trash Expense $960
  • Water Sewer Expense $1,920
  • New Taxes Expense $3,106
  • Operating Expense $7,435
  • Gross Income $41,400
  • Net Operating Income $24,689

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

10,498 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Parcel Number: 1192121120000
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 200.15
  • Room Type: All Bedrooms Down, Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Vented Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Carport, In Kitchen, Inside, Outside
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10498.00
  • Lot Size Acres: 0.2410

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 1118 Square Feet
  • Average2 Bed Area: 640 Square Feet
  • Average3 Bed Area: 840 Square Feet
  • Gross Income: 41400.00
  • Gross Operating Income: 41400.00
  • Gross Scheduled Income: 41400.00
  • Insurance Expense: 1449.00
  • Lot Size Area: 10498.0000 Square Feet
  • Net Operating Income: 24689.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 1
  • Number With Range: 3
  • Operating Expense: 16711.00
  • Rent Control: No
  • Total Actual Rent: 3450.00
  • Total Expenses: 7435.00

Tax Info

  • New Taxes Expense: 3106.00
  • Tax Block: B
  • Tax Census Tract: 76.01
  • Tax Lot: 7
  • Tax Tract Number: 2126
  • TaxOtherAnnualAssessmentAmount: 788.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Oct 8, 2021
Sold by
Axtell Stacy V and Stacy V Axtell Family Trust
Bought by
Kaa Properties Lp
Seller's Agent
Kathleen Sutton
Coldwell Banker Realty
Buyer's Agent
Michael Garcia
MZ BROKERAGE INC.
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Current Estimated Value
$571,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,580
Avg. Annual Appreciation
2.97%

Purchase Details

Closed on
Feb 14, 2019
Sold by
Axtell Stacy W
Bought by
Axtell Stacy W and Stacy V Axtell Family Trust

Purchase Details

Closed on
Jul 5, 2005
Sold by
Axtell John C and Axtell Stacy V
Bought by
Axtell Stacy V

Purchase Details

Closed on
Jun 14, 2002
Sold by
Lowe Ben M and Vierstra Michael
Bought by
Axtell John C and Axtell Stacy V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.69%

Purchase Details

Closed on
Mar 8, 2000
Sold by
Harrelson Dennis
Bought by
Vierstra Michael and Lowe Ben M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
8.08%

Purchase Details

Closed on
Feb 10, 2000
Sold by
Stroud Barbara
Bought by
Harrelson Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
8.08%
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
Kaa Properties Lp $494,000 Ticor Title Oc
Axtell Stacy W -- None Available
Axtell Stacy V -- --
Axtell John C $178,000 Commonwealth Land Title Co
Vierstra Michael $100,000 Northern Counties Title
Harrelson Dennis $65,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Axtell John C $63,000
Previous Owner Vierstra Michael $103,000
Previous Owner Harrelson Dennis $61,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $520,000 -5.5% $200 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $550,000 +5.8% $212 / Sq Ft
09/21/2021 09/21/21 Off Market $520,000 -- --
02/21/2018 02/21/18 Rented $995 0.0% --
02/11/2018 02/11/18 For Rent $995 -- --
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 $7,820 $524,237 $78,530 $445,707
2024 $7,656 $513,958 $76,990 $436,968
2023 $7,498 $503,880 $75,480 $428,400
2022 $7,495 $494,000 $74,000 $420,000
2021 $3,094 $234,158 $26,759 $207,399
2020 $3,106 $231,757 $26,485 $205,272
2019 $3,011 $227,213 $25,966 $201,247
2018 $2,976 $222,758 $25,457 $197,301
2017 $2,887 $218,390 $24,958 $193,432
2016 $2,802 $214,108 $24,469 $189,639
2015 $3,062 $210,891 $24,101 $186,790
2014 $2,776 $206,760 $23,629 $183,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21187322

California Regional Multiple Listing Service (CRMLS)

APN: 1192-121-12

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