NOT LISTED FOR SALE

Estimated Value: $887,079 - $1,201,000

4 Beds
2 Baths
3,179 Sq Ft
$321/Sq Ft Est. Value

Last Sold October 02, 2015

Last sale price $450,000 $142 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $5,977/month

137 Days on Market

Highlights

  • 0.33 Acre Lot
  • Traditional Architecture
  • Neighborhood Views
  • Redlands Senior High School Rated A
  • Lawn
  • Living Room

About This Home

As of October 2015

This is a very well priced fourplex in Redlands very conveniently located near the 10 freeway at the University exit. It is a
short walk to the University of Redlands or to downtown Redlands. Each unit has 2 bedrooms and 1 bath. There is
ample parking on the property with carports. The units have central heat and A/C. This property is full of potential and ready to go.

Last Agent to Sell the Property

Tricia Cerda

RE/MAX Empire Properties License #01098061 Listed on: 07/16/2015

RE/MAX Empire Properties

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.33 Acre Lot
  • No Common Walls
  • Landscaped
  • Lawn

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,179 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Carpet
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 0170181180000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $467
  • Furniture Replacement Expense $120
  • Gardener Expense $2,375
  • Insurance Expense $1,188
  • Maintenance Expense $698
  • Pest Control $125
  • Professional Management Expense $2,400
  • Supplies Expense $1,202
  • Trash Expense $600
  • Water Sewer Expense $2,656
  • New Taxes Expense $5,000
  • Net Operating Income $24,756

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Professional Management Expense: 2400.00
  • Property Attached: No
  • Supplies Expense: 1202.00
  • View: Yes
  • Water Sewer Expenses: 2656.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 2375.00
  • Parcel Number: 0170181180000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 141.55
  • Room Type: Living Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Pest Control Expense: 125.00
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Lawn, Landscaped, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14250.00
  • Lot Size Acres: 0.3270

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 795
  • Electric Expense: 467.00
  • Furniture Replacement Expense: 120.00
  • Gross Multiplier: 10.80
  • Gross Scheduled Income: 41700.00
  • Insurance Expense: 1188.00
  • Lot Size Area: 14250.0000 Square Feet
  • Maintenance Expense: 698.00
  • Net Operating Income: 24756.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 16944.00
  • Rent Control: No
  • Total Actual Rent: 3475.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2018
Sold by
Group Iv Pomona Properties Ltd
Bought by
Group V San Bernardino Lp
Current Estimated Value
$1,021,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,004,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 16, 2015
Closed on
Oct 1, 2015
Sold by
Gse Residential Fund Llc
Bought by
Group Iv Pomona Properties Ltd
Seller's Agent
Tricia Cerda
RE/MAX Empire Properties
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%

Purchase Details

Closed on
Jan 14, 2011
Sold by
Lah Residential Fund Ii Llc
Bought by
Gse Residential Fund Llc

Purchase Details

Closed on
Aug 4, 2010
Sold by
U S Bank National Association
Bought by
Lah Residential Fund Ii Llc

Purchase Details

Closed on
Feb 20, 2010
Sold by
Alvarez Iris Yezeel
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 2, 2007
Sold by
Alvarez Iris Yezeel
Bought by
Rosales Jesus

Purchase Details

Closed on
Mar 6, 2005
Sold by
Castillo Jose Amador
Bought by
Alvarez Iris Yezeel

Purchase Details

Closed on
Jul 12, 2004
Sold by
Stevens Robert G
Bought by
Castillo Jose Amador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2004
Sold by
Amador Marina
Bought by
Castillo Jose Amador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 1995
Sold by
Stevens Robert G and Stevens Phyllis E
Bought by
Stevens Robert G and Stevens Phyllis E
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
Group V San Bernardino Lp -- Orange Coast Title Co
Group Iv Pomona Properties Ltd $450,000 Provident Title Company
Gse Residential Fund Llc -- Civic Center Title Services
Lah Residential Fund Ii Llc $261,000 Landsafe Title
Us Bank National Association $275,000 Accommodation
Rosales Jesus -- None Available
Alvarez Iris Yezeel -- --
Castillo Jose Amador $450,000 First American
Castillo Jose Amador -- First American
Stevens Robert G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Group V San Bernardino Lp $4,004,000
Previous Owner Castillo Jose Amador $360,000
Closed Castillo Jose Amador $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2015 10/02/15 Sold $450,000 0.0% $142 / Sq Ft
09/25/2015 09/25/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $450,000 -- $142 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,700 $532,710 $130,218 $402,492
2024 $6,260 $522,265 $127,665 $394,600
2023 $6,253 $512,025 $125,162 $386,863
2022 $6,163 $501,985 $122,708 $379,277
2021 $6,275 $492,142 $120,302 $371,840
2020 $6,182 $487,095 $119,068 $368,027
2019 $6,011 $477,544 $116,733 $360,811
2018 $5,863 $468,180 $114,444 $353,736
2017 $5,814 $459,000 $112,200 $346,800
2016 $5,749 $450,000 $110,000 $340,000
2015 $3,629 $278,226 $63,960 $214,266
2014 $3,565 $272,776 $62,707 $210,069
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15104186

California Regional Multiple Listing Service (CRMLS)

APN: 0170-181-18