NOT LISTED FOR SALE

880 N Redding Way Upland, CA 91786

Estimated Value: $1,370,000 - $1,445,000

8 Beds
4 Baths
3,821 Sq Ft
$367/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $875,000 $229 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $8,138/month

319 Days on Market

About This Home

As of February 2018

Location! Location! Location! Excellent investment property in the prime area! Single story fourplex. Addresses are 880 A & B, 886 A & B, 890 A & B, and 896 A & B. Then 886 A and B, and 890 A & B are facing shared courtyard. Conveniently located to everything like Schools, Shopping Mall, Theaters, Markets and Groceries. Just minutes to 10 & 210 FWYs.

Last Agent to Sell the Property

Nida Jocson

RE/MAX MASTERS REALTY License #01083599 Listed on: 02/20/2017

RE/MAX MASTERS REALTY

Last Buyer's Agent

Joseph Van Fossen

Circa Properties, Inc. License #01917220

Circa Properties, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,980 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • 3,821 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Leased Washer and Dryer
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 6361
  • Assessor Parcel Number 1046044050000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Fuel Expense $1,440
  • Gardener Expense $840
  • Insurance Expense $1,211
  • Professional Management Expense $1,200
  • Trash Expense $752
  • Water Sewer Expense $1,764
  • New Taxes Expense $6,719
  • Operating Expense $7,747
  • Gross Income $54,900
  • Net Operating Income $47,153

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 5.30
  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1764.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 1046044050000
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 229.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 752.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7980.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 540.00
  • Fuel Expense: 1440.00
  • Gross Income: 54900.00
  • Gross Scheduled Income: 54900.00
  • Insurance Expense: 1211.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 3600.00
  • Net Operating Income: 47153.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7747.00
  • Rent Control: No
  • Total Expenses: 7747.00

Tax Info

  • New Taxes Expense: 6719.00
  • Tax Census Tract: 8.24
  • Tax Lot: 2
  • Tax Tract Number: 6361

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2017
Closed on
Jan 24, 2018
Sold by
Querido Joseph Alex R
Bought by
Lanyi Carolyn and The Andy Lanyi And Carolyn Lan
Seller's Agent
Nida Jocson
RE/MAX MASTERS REALTY
Buyer's Agent
Joseph Van Fossen
Circa Properties, Inc.
List Price
$895,888
Sold Price
$875,000
Premium/Discount to List
-$20,888
-2.33%
Current Estimated Value
$1,401,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,749
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Jan 5, 2007
Sold by
Golden Income Investments Llc
Bought by
Querido Joseph Alex R and Querido Maria Norma M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
2.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 27, 2005
Sold by
Klein Michael
Bought by
Golden Income Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2002
Sold by
Klein Herbert Jay
Bought by
Klein Michael and Klein Herbert Jay
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lanyi Carolyn $875,000 Provident Title Company
Querido Joseph Alex R $790,000 Landsafe
Golden Income Investments Llc $500,000 Landsafe Rancho Cucamonga
Klein Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Querido Joseph Alex R $592,500
Previous Owner Golden Income Investments Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2018 02/02/18 Sold $875,000 -2.3% $229 / Sq Ft
01/05/2018 01/05/18 Pending -- -- --
06/14/2017 06/14/17 For Sale $895,888 0.0% $234 / Sq Ft
04/27/2017 04/27/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $895,888 -- $234 / 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 $10,560 $995,600 $347,037 $648,563
2024 $10,560 $976,078 $340,232 $635,846
2023 $10,404 $956,939 $333,561 $623,378
2022 $10,181 $938,176 $327,021 $611,155
2021 $10,174 $919,781 $320,609 $599,172
2020 $9,898 $910,350 $317,322 $593,028
2019 $9,864 $892,500 $311,100 $581,400
2018 $7,387 $667,692 $233,580 $434,112
2017 $7,174 $654,600 $229,000 $425,600
2016 $6,720 $623,400 $218,100 $405,300
2015 $6,117 $571,900 $200,100 $371,800
2014 $5,763 $542,100 $189,700 $352,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17035582

California Regional Multiple Listing Service (CRMLS)

APN: 1046-044-05