NOT LISTED FOR SALE

819 W Olive Ave Redlands, CA 92373

South Redlands Neighborhood

Estimated Value: $852,000 - $986,000

4 Beds
3 Baths
2,134 Sq Ft
$420/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $810,000 $380 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,718/month

48 Days on Market

Highlights

  • Corner Lot
  • Cope Middle School Rated A-
  • Wood Siding

About This Home

As of March 2022

Opportunity to own Triplex income property in Large 7290 sq ft corner Lot. The Property is Located on desirable W. Olive Avenue in beautiful residential neighborhood in Redlands. The living area for all 3 Units is 2,134 sq. ft. Craftsman style with front porch and wood work columns.Building nestled in beautiful maintained Landscaping. 2 Parking garage on the back and one Covered carport. Total 3 units: 1- 2 bedroom and 1 bath upstairs with central heat & air and granite kitchen countertops, 2- 1 bedroom, 1 bath and 1 bedroom studio on main level with separate entries. A Common area laundry room with washer and dryer is located on the first level. These 3 units are all remodeled and has central heat and A/c. All 3 units can be rented with higher rent .(Please see the projected income) All units have separate Electric and Gas meters. Exterior with new paint, new concrete driveway, and new staircase. Newer roof. 10 years old. This property is close to Down town and minutes from Olive Market, Redlands Hospital and Loma Linda Medical center , Freeway and Redlands University . All Tenants are Month to Month. Total living Area will be 2134 sq ft.

Last Agent to Sell the Property

Kayhan Missaghi

Century 21 Affiliated License #01156207 Listed on: 12/18/2021

Century 21 Affiliated

Last Buyer's Agent

Quynh Vu

eXp Realty of California, Inc. License #02128309

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,994

Year Built

  • Built in 1908

Lot Details

  • 7,290 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Utilities

  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, hot water
  • Assessor Parcel Number 0172-112-21-0000

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 3 Units
  • Net Operating Income $37,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,994

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Norwood Stree
  • Neighborhood: Redlands
  • Supplement: Total living Area will be 2134 sq ft.
  • LP / Sq Ft: 17.26
  • Stories: 2 Story
  • Sale Price List Price: 0.95
  • Total Stories: 2
  • Year Built: 1908
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot
  • Topography: Level
  • Assessor Parcel Number: 0172-112-21-0000
  • Estimated Lot Dimensions: 81'x90'
  • Estimated Lot Sq Ft: 7290
  • Map Code Column: A
  • Map Code Page: 648
  • Map Code Row: 1

Rental Info

  • Tenant Pays: Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 37000
  • Annual Expense Actual: 8000
  • Annual Expense Projected: 12000
  • Gross Rent Multiplier Actual: 17.6
  • Gross Rent Multiplier Projected: 13.87
  • Gross Sched Income Actual: 48000
  • Gross Sched Income Projected: 61200
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1
  • Other Income Projected: 6000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2022
Sold by
Bigornia Paragas Joseph and Ly Julianne
Bought by
Paragas Trust
Current Estimated Value
$896,475

Purchase Details

Listed on
Apr 1, 2019
Closed on
Apr 9, 2019
Sold by
Ramirez Laura Anne
Bought by
Bigdeli Sara and Davari Hamid Reza
Seller's Agent
Jeffrey Smothers
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Jeffrey Smothers
CENTURY 21 LOIS LAUER REALTY
List Price
$519,000
Sold Price
$519,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%
Original Mortgage
$389,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 9, 2014
Closed on
Mar 28, 2014
Sold by
Jensen Kathi Baker and Baker Michael N
Bought by
Ramirez Laura Anne
Seller's Agent
DOROTHY GAFFNEY
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Jeffrey Smothers
CENTURY 21 LOIS LAUER REALTY
List Price
$380,000
Sold Price
$340,000
Premium/Discount to List
-$40,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%

Purchase Details

Closed on
Jun 13, 2008
Sold by
Baker Ardith E and Baker Family Trust
Bought by
Baker Ardith E and Baker Credit Shelter Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Paragas Trust -- Law Office Of Christopher Walk
Bigdeli Sara $519,000 Lawyers Title
Ramirez Laura Anne $340,000 Ticor Title Company Of Ca
Baker Ardith E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bigdeli Sara $389,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $810,000 -4.6% $380 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $849,000 0.0% $398 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/18/2021 12/18/21 For Sale $849,000 +63.6% $398 / Sq Ft
05/06/2019 05/06/19 Sold $519,000 0.0% $244 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $519,000 +52.6% $244 / Sq Ft
04/04/2014 04/04/14 Sold $340,000 -10.5% --
03/17/2014 03/17/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $380,000 -- --
Source: San Diego MLS

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 $9,994 $859,579 $212,242 $647,337
2024 $9,994 $842,724 $208,080 $634,644
2023 $9,983 $826,200 $204,000 $622,200
2022 $6,658 $545,562 $136,653 $408,909
2021 $6,779 $534,865 $133,974 $400,891
2020 $6,678 $529,380 $132,600 $396,780
2019 $4,700 $373,633 $112,091 $261,542
2018 $4,584 $366,307 $109,893 $256,414
2017 $4,546 $359,124 $107,738 $251,386
2016 $4,496 $352,082 $105,625 $246,457
2015 $4,463 $346,793 $104,038 $242,755
2014 $4,446 $345,000 $104,000 $241,000
Source: Public Records

Agents Affiliated with this Home

  • Kayhan Missaghi

    Seller's Agent in 2022

    Kayhan Missaghi

    Century 21 Affiliated

    (619) 804-0567

    1 in this area

    5 Total Sales

    Kayhan Missaghi
    Section Image
  • Quynh Vu

    Buyer's Agent in 2022

    Quynh Vu

    eXp Realty of California, Inc.

    (469) 274-3888

    1 in this area

    39 Total Sales

    Quynh Vu
    Section Image
  • Jeffrey Smothers

    Seller's Agent in 2019

    Jeffrey Smothers

    CENTURY 21 LOIS LAUER REALTY

    (909) 748-7000

    1 in this area

    21 Total Sales

    Jeffrey Smothers
    Section Image

  • D

    Seller's Agent in 2014

    DOROTHY GAFFNEY

    CENTURY 21 LOIS LAUER REALTY

    (909) 435-5678

    11 in this area

    22 Total Sales

    DOROTHY GAFFNEY
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210033580

San Diego MLS

APN: 0172-112-21

California San Bernardino County Redlands 92373 South Redlands

819 W Olive Ave, Redlands, CA

This home is located at 819 W Olive Ave, Redlands, CA 92373 since 18 December 2021 and is currently estimated at $896,475, approximately $420 per square foot. This property was built in 1908. 819 W Olive Ave is a home located in San Bernardino County with nearby schools including McKinley Elementary School, Cope Middle School, and Redlands Senior High School.

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