NOT LISTED FOR SALE

778 5th St Norco, CA 92860

Estimated Value: $766,000 - $887,000

6 Beds
2 Baths
2,215 Sq Ft
$374/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $700,000 $316 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,998/month

89 Days on Market

Highlights

  • Horse Property
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA
  • Horse Trails
  • 1-Story Property

About This Home

As of May 2023

CASH OFFERS OR HARD MONEY OFFERS ONLY!!!!

Horsetown USA Excellent opportunity as an investment OR as an owner with income from the other unit.

First time on the market since 1989, this Duplex is located on a street of mostly single-family homes. Each unit offers 3 bedrooms, and 1 bathroom with its own garage.

Horse Property with plenty of room to build on. Conveniently located in the heart of Norco, close to fantastic restaurants, great shopping, grocery stores, parks, hiking trails, top-rated schools, and convenient freeway access.

Last Agent to Sell the Property

Waldin Gonzalez

Lifestyle Real Estate License #01756984 Listed on: 01/24/2023

Co-Listed By

Liz Manjarez

Vylla Home, Inc. License #01946165

Last Buyer's Agent

Liz Manjarez

Vylla Home, Inc. License #01946165

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,947

Year Built

  • Built in 1955

Lot Details

  • 0.69 Acre Lot
  • No Common Walls
  • Rural Setting
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 2,215 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Horse Property

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 2
  • Tax Tract Number 2
  • Assessor Parcel Number 123030002
  • $25 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Recreation

  • Horse Trails

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $3
  • Gross Income $54,000
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,947

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1.00
  • Zoning: A120M
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 123030002
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 316.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Septic Type Unknown
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Horse Property, Ranch
  • Lot Size Sq Ft: 30056.00
  • Lot Size Acres: 0.6900

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average3 Bed Area: 1240 Square Feet
  • Gross Income: 54000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1.00
  • Lot Size Area: 30056.0000 Square Feet
  • Net Operating Income: 54000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Expenses: 3.00

Tax Info

  • Tax Census Tract: 408.12
  • Tax Lot: 2
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2023
Closed on
Apr 17, 2023
Sold by
Ernesto And Sophia Matos Trust
Bought by
Jaurequi Roger and Jaurequi Marlene
Seller's Agent
Waldin Gonzalez
Lifestyle Real Estate
Buyer's Agent
Liz Manjarez
Vylla Home, Inc.
List Price
$725,000
Sold Price
$700,000
Premium/Discount to List
-$25,000
-3.45%
Views
154
Current Estimated Value
$828,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,386
Avg. Annual Appreciation
7.12%
Original Mortgage
$525,000
Outstanding Balance
$509,534
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$318,852

Purchase Details

Closed on
Apr 13, 2004
Sold by
Matos Sophia
Bought by
Matos Ernesto and Matos Sophia

Purchase Details

Closed on
Mar 8, 2004
Sold by
Matos Ernesto
Bought by
Matos Sophia

Purchase Details

Closed on
Jul 12, 1995
Sold by
Matos Ernesto and Matos Sophia
Bought by
Matos Ernesto and Matos Sophia
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
Jaurequi Roger $700,000 First American Title
Matos Ernesto -- --
Matos Sophia -- Stewart Title Guaranty
Matos Sophia -- Stewart Title Guaranty
Matos Ernesto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaurequi Roger $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2023 05/17/23 Sold $700,000 0.0% $316 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
04/20/2023 04/20/23 Off Market $700,000 -- --
04/20/2023 04/20/23 For Sale $725,000 +3.6% $327 / Sq Ft
04/19/2023 04/19/23 Off Market $700,000 -- --
04/05/2023 04/05/23 Price Changed $725,000 0.0% $327 / Sq Ft
04/05/2023 04/05/23 For Sale $725,000 +7.4% $327 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $675,000 -3.6% $305 / Sq Ft
02/12/2023 02/12/23 Off Market $700,000 -- --
02/12/2023 02/12/23 For Sale $675,000 -3.6% $305 / Sq Ft
02/06/2023 02/06/23 Off Market $700,000 -- --
01/24/2023 01/24/23 For Sale $675,000 -- $305 / 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 $7,947 $728,278 $240,330 $487,948
2023 $7,947 $294,389 $106,077 $188,312
2022 $3,172 $288,618 $103,998 $184,620
2021 $3,107 $282,959 $101,959 $181,000
2020 $3,072 $280,059 $100,914 $179,145
2019 $2,999 $274,569 $98,936 $175,633
2018 $2,929 $269,187 $96,998 $172,189
2017 $2,854 $263,910 $95,097 $168,813
2016 $2,824 $258,736 $93,233 $165,503
2015 $2,761 $254,852 $91,834 $163,018
2014 $2,657 $249,862 $90,036 $159,826
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23011977

California Regional Multiple Listing Service (CRMLS)

APN: 123-030-002