NOT LISTED FOR SALE

Estimated Value: $864,003 - $1,200,000

8 Beds
8 Baths
3,838 Sq Ft
$274/Sq Ft Est. Value

Last Sold December 09, 2015

Last sale price $542,000 $141 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,404/month

31 Days on Market

Highlights

  • No Units Above
  • View of Trees or Woods
  • Community Pool
  • Smiley Elementary School Rated A-
  • 0.36 Acre Lot
  • Tennis Courts

About This Home

As of December 2015

Another excellent opportunity for the "hands off" type of investor. Four unit apartment building with the coveted "Brookside Park". Located close to public schools, Loma Linda University Medical Center, the Veterans Hospital, University of Redlands and ESRI. The building offers two, 2 bed 2 bath, town home style units with attached garages and laundry hookups. The other two, 2 bed 2 bath units have their own garages and community laundry within the building. Existing annual gross income exceeds $58,000.

Professionally managed community in a resort like setting with 6 swimming pools, 3 spas, tennis court and basketball court. Monthly association dues include insurance, water, trash, grounds keeping (Pools, Tennis-Courts, Spas included), landscaping, and leasing fees.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 10/02/2015

Last Buyer's Agent

Chandra Kusmanto

Exp Realty of California Inc License #01714745

Exp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.36 Acre Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • Two or More Common Walls
  • Sprinkler System
  • Density is 2-5 Units/Acre

HOA Fees

  • $1,340 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking
  • Unassigned Parking

Property Views

  • Woods
  • Mountain
  • Neighborhood

Home Design

  • 3,838 Sq Ft Home
  • Property Attached
  • Rolled or Hot Mop Roof
  • Clay Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Leased Washer and Dryer

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 35623
  • Assessor Parcel Number 0292281100000

Community Details

Overview

  • Master Insurance
  • 4 Units
  • Brookside Park Association

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Sport Court
  • Racquetball
  • Community Playground
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $1,200
  • Professional Management Expense $16,080
  • New Taxes Expense $6,650
  • Operating Expense $23,930
  • Gross Income $4,870
  • Net Operating Income $31,588

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,340 per month

Parking

4

Listing Details

  • CapRate: 5.16
  • Professional Management Expense: 16080.00
  • Property Attached: Yes
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 0292281100000
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, End Unit, No One Above, No One Below
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 141.22

Exterior Features

  • View: Mountain(s), Neighborhood, Trees/Woods
  • Pool Features: Association
  • Pool Private: No
  • Roof: Clay, Rolled/Hot Mop

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Barbecue, Call for Rules, Dues Paid Monthly, Insurance, Management, Pet Rules, Playground, Pool, Racquetball, Sewer, Spa/Hot Tub, Sport Court, Tennis Court(s), Trash, Utilities, Water
  • Association Fee: 1340.00
  • Association Fee Frequency: Monthly
  • Association Name: Brookside Park
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Sprinkler System
  • Lot Size Sq Ft: 15505.00
  • Price Per Lot Square Foot: 34.96
  • Lot Size Acres: 0.3560

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4870.00
  • Gross Multiplier: 9.24
  • Gross Operating Income: 55518.00
  • Gross Scheduled Income: 58440.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 15505.0000 Square Feet
  • Net Operating Income: 31588.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23930.00
  • Other Expense: 1200.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 23930.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6650.00
  • Tax Lot: 23
  • Tax Tract Number: 35623

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2015
Closed on
Dec 10, 2015
Sold by
Yan Jennifer Cf and Yeung Cynthia Ying Sin
Bought by
Jenho Development Llc
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Chandra Kusmanto
Exp Realty of California Inc
List Price
$529,900
Sold Price
$542,000
Premium/Discount to List
$12,100
2.28%
Current Estimated Value
$1,050,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,251
Avg. Annual Appreciation
6.76%
Original Mortgage
$399,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2015
Closed on
Oct 23, 2015
Sold by
Nicholson Gordon Charles and Waterman Laurie Jean
Bought by
Yan Jennifer Cf and Yeung Cynthia Ying Sin
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Chandra Kusmanto
Exp Realty of California Inc
List Price
$529,900
Sold Price
$542,000
Premium/Discount to List
$12,100
2.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2003
Sold by
Nicholson Gordon Charles and Waterman Laurie Jean
Bought by
Nicholson Gordon Charles and Waterman Laurie Jean

Purchase Details

Closed on
Sep 24, 2002
Sold by
Cannizzaro John Matteo and Cannizzaro Doris
Bought by
Nicholson Gordon Charles and Waterman Laurie Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
6.09%
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
Jenho Development Llc -- None Available
Yan Jennifer Cf $542,000 Stewart Title Of Ca Inc
Nicholson Gordon Charles -- --
Nicholson Gordon Charles $347,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yan Jennifer Cf $399,000
Previous Owner Nicholson Gordon Charles $197,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2015 12/09/15 Sold $542,000 +2.3% $141 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
10/02/2015 10/02/15 For Sale $529,900 -- $138 / 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 $7,514 $641,618 $159,813 $481,805
2024 $7,514 $629,037 $156,679 $472,358
2023 $7,505 $616,703 $153,607 $463,096
2022 $7,398 $604,611 $150,595 $454,016
2021 $7,532 $592,756 $147,642 $445,114
2020 $7,421 $586,678 $146,128 $440,550
2019 $7,214 $575,175 $143,263 $431,912
2018 $7,036 $563,897 $140,454 $423,443
2017 $6,977 $552,840 $137,700 $415,140
2016 $6,899 $542,000 $135,000 $407,000
2015 $5,392 $418,167 $104,843 $313,324
2014 $5,295 $409,975 $102,789 $307,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV15216926

California Regional Multiple Listing Service (CRMLS)

APN: 0292-281-10