NOT LISTED FOR SALE

Estimated Value: $465,000 - $675,000

5 Beds
2 Baths
1,858 Sq Ft
$292/Sq Ft Est. Value

Last Sold August 27, 2019

Last sale price $350,000 $188 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,324/month

10 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Granite Countertops
  • Laundry Room
  • Open Floorplan
  • No HOA
  • Tile Flooring

About This Home

As of August 2019

Two great units that have been recently remodeled and ready to generate $$$ Income! This property holds two units, 7805 and 7807 Elmwood Road, both recently remodeled kitchens, bathrooms, floors, paint, dual pane windows, FRONT UNIT - has 3 bedrooms, 1 bathroom with new roof and a nice fenced front and back yard. BACK UNIT - has 2 good size bedrooms, 1 bathroom with new laundry and new water heater and large size back yard. Kitchens have wood cabinets, granite counter tops, stainless steel sink and newer stove/oven. Bathroom has tile flooring and tile shower. Spacious living room with wood like laminate flooring and neutral paint. Conveniently located 5 minutes from the 210 and 215 Freeways and walking distance to Indian Springs High School and Bing Wong Elementary School. Each address have their own electric meter and gas meter. New concrete driveway and new lawn irrigation system for front and back yards. Do not miss out on this great opportunity.

Last Agent to Sell the Property

Juan Rodriguez

RODRIGUEZ & ASSOCIATES REALTY License #01849431 Listed on: 07/11/2019

Last Buyer's Agent

Juan Rodriguez

RODRIGUEZ & ASSOCIATES REALTY License #01849431 Listed on: 07/11/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,465

Year Built

  • Built in 1956

Lot Details

  • 10,374 Sq Ft Lot
  • No Common Walls
  • Sprinkler System
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,858 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Family Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash collection, water
  • Tax Lot 58
  • Tax Tract Number 2996
  • Assessor Parcel Number 0278242150000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $634
  • New Taxes Expense $2,895
  • Operating Expense $3,529
  • Gross Income $30,600
  • Net Operating Income $27,071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,465

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.90
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0278242150000
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 188.37
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Water Heater
  • Electric: Electricity - On Property, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Sq Ft: 10374.00
  • Lot Size Acres: 0.2382

Rental Info

  • Tenant Pays: Electricity, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 30600.00
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 634.00
  • Lot Size Area: 10374.0000 Square Feet
  • Net Operating Income: 27071.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3529.00
  • Rent Control: No
  • Total Actual Rent: 30600.00
  • Total Expenses: 3529.00
  • Vacancy Allowance Rate: 8.00

Tax Info

  • New Taxes Expense: 2895.00
  • Tax Census Tract: 64.02
  • Tax Lot: 58
  • Tax Tract Number: 2996

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Aug 26, 2019
Sold by
Dark Horse Equities Llc
Bought by
Rivas Claudia
Seller's Agent
Juan Rodriguez
RODRIGUEZ & ASSOCIATES REALTY
Buyer's Agent
Juan Rodriguez
RODRIGUEZ & ASSOCIATES REALTY
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$543,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,333
Avg. Annual Appreciation
6.47%
Original Mortgage
$343,660
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 2015
Sold by
Bengtson James C and Bengtson Renee L
Bought by
Dark Horse Equities Llc
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
Rivas Claudia $350,000 Ticor Title Riverside
Dark Horse Equities Llc $205,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Claudia $340,976
Closed Rivas Claudia $343,660
Previous Owner Bengtson James C $118,635
Previous Owner Bengtson James C $82,800
Previous Owner Bengtson James C $60,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2019 08/27/19 Sold $350,000 -9.1% $188 / Sq Ft
07/22/2019 07/22/19 Price Changed $385,000 +10.0% $207 / Sq Ft
07/11/2019 07/11/19 For Sale $350,000 -- $188 / 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 $5,465 $382,776 $109,364 $273,412
2024 $5,465 $375,271 $107,220 $268,051
2023 $5,350 $367,913 $105,118 $262,795
2022 $5,348 $360,699 $103,057 $257,642
2021 $5,273 $353,626 $101,036 $252,590
2020 $4,583 $225,284 $49,453 $175,831
2019 $2,948 $220,866 $48,483 $172,383
2018 $2,914 $216,535 $47,532 $169,003
2017 $2,827 $212,289 $46,600 $165,689
2016 $2,744 $208,126 $45,686 $162,440
2015 $590 $38,113 $6,520 $31,593
2014 $576 $37,366 $6,392 $30,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19162891

California Regional Multiple Listing Service (CRMLS)

APN: 0278-242-15