NOT LISTED FOR SALE
11 Beds
7 Baths
5,540 Sq Ft
0.46 Acres

Last Sold May 24, 2012

Last sale price $540,000 $97 Per Sq Ft

77 Days on Market

Highlights

  • Craftsman Architecture
  • Corner Lot
  • Evaporated cooling system
  • Cope Middle School Rated A-
  • No HOA
  • 2 Attached Carport Spaces

About This Home

As of May 2012

Diamond in the rough! Six unit property located south of I-10 in desirable Redlands. Property consists of four buildings housing a total of six units. 800 W. Olive Avenue is an older detached unit resembling a single family house which has three bedrooms and two bathrooms. 810 & 812 W. Olive Avenue is an older duplex building containing two one bedroom, one bath units. 138 & 140 Norwood Street is also a duplex building containing two units, each with two bedrooms and one bathroom. 144 Norwood Street is a detached unit which also resembles a single family house consisting of two bedrooms and one bathroom. A large carport is attached to this unit. In addition, the property offers four single car garages and open on-site parking. This property needs a little TLC and is priced accordingly!

Last Agent to Sell the Property

RJ Waldman

INTEGRA REAL ESTATE License #00573609 Listed on: 01/06/2012

Last Buyer's Agent

TONI MUEHLER

CENTURY 21 LOIS LAUER REALTY License #00662153

CENTURY 21 LOIS LAUER REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 0.46 Acre Lot
  • Corner Lot

Parking

  • 4 Car Garage
  • 2 Attached Carport Spaces
  • Parking Available
  • Driveway

Home Design

  • 5,540 Sq Ft Home
  • Craftsman Architecture
  • Traditional Architecture
  • Frame Construction
  • Composition Roof
  • Clapboard
  • Stucco

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Utilities

  • Evaporated cooling system
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Assessor Parcel Number 0172091170000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,445
  • Net Operating Income $43,340

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Architectural Style: Craftsman, Traditional
  • Property Type: Residential Income
  • Parcel Number: 0172091170000
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 97.47

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Clapboard, Frame, Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Garage
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 20000.00
  • Lot Size Acres: 0.4600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5445.00
  • Gross Scheduled Income: 65340.00
  • Lot Size Area: 20000.0000 Square Feet
  • Net Operating Income: 43340.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 18700.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 5445.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: Mango
  • Tax Year: 2010

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2012 05/24/12 Sold $540,000 -5.1% $97 / Sq Ft
03/23/2012 03/23/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $569,000 -- $103 / 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 $8,241 $699,628 $188,410 $511,218
2024 $8,241 $685,910 $184,716 $501,194
2023 $8,232 $672,461 $181,094 $491,367
2022 $8,115 $659,275 $177,543 $481,732
2021 $8,261 $646,348 $174,062 $472,286
2020 $8,140 $639,720 $172,277 $467,443
2019 $7,915 $627,176 $168,899 $458,277
2018 $7,720 $614,878 $165,587 $449,291
2017 $7,656 $602,821 $162,340 $440,481
2016 $7,571 $591,001 $159,157 $431,844
2015 $7,516 $582,123 $156,766 $425,357
2014 $7,382 $570,720 $153,695 $417,025
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12002186

California Regional Multiple Listing Service (CRMLS)