NOT LISTED FOR SALE

870 S Sherman Ave Corona, CA 92882

Central Corona Neighborhood

Estimated Value: $1,022,617 - $1,213,000

6 Beds
4 Baths
2,866 Sq Ft
$391/Sq Ft Est. Value

Last Sold October 17, 2015

Last sale price $550,000 $192 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $6,881/month

25 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Benjamin Franklin Elementary School Rated A-
  • Detached Carport Space

About This Home

As of October 2015

Great Opportunity to own a 4 Unit Single Level income property with on site Laundry close to 91 freeway. Property sold as is! Seller is also offering identical 4 Unit adjacent to subject property.

Last Agent to Sell the Property

Devon Clark

Trojan Financial Solutions License #01352858 Listed on: 07/21/2015

Co-Listed By

James Martin

TMP Properties License #01344304

Last Buyer's Agent

Dan Owens

Owens Commerical Investments License #01809597

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,166

Year Built

  • Built in 1963

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Detached Carport Space
  • Parking Available

Home Design

  • 2,866 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 417
  • Assessor Parcel Number 110030023

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $3,300
  • New Taxes Expense $6,600
  • Gross Income $3,500
  • Net Operating Income $33,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,166

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 3300.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 110030023
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 191.91

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8712.00
  • Price Per Lot Square Foot: 63.13
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 33540.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 8460.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6600.00
  • Tax Lot: 3
  • Tax Tract Number: 417.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2015
Closed on
Sep 28, 2015
Sold by
Thomas Harold J
Bought by
Laycock William Randall and Seapy Elisa Virtrece
Seller's Agent
Devon Clark
Trojan Financial Solutions
Buyer's Agent
Dan Owens
Owens Commerical Investments
List Price
$580,000
Sold Price
$550,000
Premium/Discount to List
-$30,000
-5.17%
Total Days on Market
25
Current Estimated Value
$1,119,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$569,404
Avg. Annual Appreciation
7.66%
Original Mortgage
$385,000
Outstanding Balance
$161,922
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$957,482
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
Laycock William Randall $550,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laycock William Randall $385,000
Previous Owner Thomas Harold J $840,000
Previous Owner Thomas Harold J $604,500
Previous Owner Thomas Harold J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2015 10/17/15 Sold $550,000 -5.2% $192 / Sq Ft
08/15/2015 08/15/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $580,000 -- $202 / 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
2023 $7,166 $625,800 $204,807 $420,993
2022 $6,940 $613,531 $200,792 $412,739
2021 $6,803 $601,502 $196,855 $404,647
2020 $6,728 $595,335 $194,837 $400,498
2019 $6,573 $583,663 $191,017 $392,646
2018 $6,426 $572,220 $187,272 $384,948
2017 $6,269 $561,000 $183,600 $377,400
2016 $6,208 $550,000 $180,000 $370,000
2015 $2,654 $232,687 $68,932 $163,755
2014 $2,560 $228,132 $67,583 $160,549
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Devon Clark

    Trojan Financial Solutions

    (949) 545-0155

    Section Image
  • James Martin

    Seller Co-Listing Agent in 2015

    James Martin

    TMP Properties

    (949) 395-7200

    25 Total Sales

    James Martin
    Section Image

  • D

    Buyer's Agent in 2015

    Dan Owens

    Owens Commerical Investments

    (949) 573-4884

    1 in this area

    13 Total Sales

    Dan Owens
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15159531

California Regional Multiple Listing Service (CRMLS)

APN: 110-030-023

California Riverside County Corona 92882 Central Corona

870 S Sherman Ave, Corona, CA

This home is located at 870 S Sherman Ave, Corona, CA 92882 since 21 July 2015 and is currently estimated at $1,119,404, approximately $390 per square foot. This property was built in 1963. 870 S Sherman Ave is a home located in Riverside County with nearby schools including Benjamin Franklin Elementary School, Letha Raney Intermediate School, and Corona High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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