NOT LISTED FOR SALE

880 W C St Colton, CA 92324

Estimated Value: $565,895 - $899,000

12 Beds
4 Baths
2,626 Sq Ft
$271/Sq Ft Est. Value

Last Sold November 07, 2012

Last sale price $260,000 $99 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $4,337/month

59 Days on Market

About This Home

As of November 2012

It's located close to fwy 10 and all large lot single family home area. No apartment complex nearby. Updated interiors with upgraded new cabinets , new water heater and newer furnace.Rent low with potenial room for increase. This property has three houses a total of five units in the same lot. The first building is 3 bedrooms detached; the second building is two units __ a unit of 3 bedrooms down stairs, 1 bedroom in another unit; building3 is 2 units : a 3 bedroom another unit is 2 bedroom. The property total lot size is 32 800 sqft.

Last Agent to Sell the Property

Jerry Cao

Kingston Realty License #01343383 Listed on: 02/19/2012

Last Buyer's Agent

Carlos Skubacz

RE/MAX 2000 Realty License #01474295

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,045

Year Built

  • Built in 1939

Lot Details

  • 0.75

Home Design

  • 2,626 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms

Parking

  • 20 Parking Spaces
  • Parking Available
  • Driveway

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 6600
  • Assessor Parcel Number 0274163210000

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $972
  • Professional Management Expense $2,400
  • Trash Expense $1,608
  • Water Sewer Expense $1,416
  • New Taxes Expense $3,625
  • Gross Income $2,350
  • Net Operating Income $17,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,045

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Professional Management Expense: 2400.00
  • Water Sewer Expenses: 1416.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 0274163210000
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 99.01

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 20.00

Utilities

  • Trash Expense: 1608.00

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 2350.00
  • Gross Scheduled Income: 28200.00
  • Insurance Expense: 972.00
  • Net Operating Income: 17580.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10620.00
  • Rent Control: No
  • Total Actual Rent: 28200.00

Tax Info

  • New Taxes Expense: 3625.00
  • Tax Lot: 18
  • Tax Tract Number: 6600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2013
Sold by
Wu Fei
Bought by
California Champion Inc
Total Days on Market
59
Current Estimated Value
$712,724

Purchase Details

Listed on
Feb 19, 2012
Closed on
Oct 26, 2012
Sold by
Welch Paul
Bought by
Li Qinke
Seller's Agent
Jerry Cao
Kingston Realty
Buyer's Agent
Carlos Skubacz
RE/MAX 2000 Realty
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%

Purchase Details

Listed on
Feb 19, 2012
Closed on
Oct 24, 2012
Sold by
Li Qinke
Bought by
Wu Fei
Seller's Agent
Jerry Cao
Kingston Realty
Buyer's Agent
Carlos Skubacz
RE/MAX 2000 Realty
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Purchase Details

Closed on
Dec 31, 2006
Sold by
Li Qinke
Bought by
Welch Paul

Purchase Details

Closed on
Feb 21, 2006
Sold by
Li Qinke
Bought by
Li Qinke and The Qinkle Li Living Trust

Purchase Details

Closed on
Jul 8, 2005
Sold by
Wagner Jack R and Wagner Sandra N
Bought by
Li Qinke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2002
Sold by
Wagner Jack
Bought by
Wagner Jack R and Wagner Sandra N
Source: Public Records

Similar Home in Colton, CA

  • 412 W C St, Colton, CA 92324

    $739,000

    • 7 Beds
    • 4 Baths
    • 2,358 Sq Ft
    • 412 W C St
    • Colton, CA

    This exceptional multi-unit triplex property offers incredible investment potential with four rentable units: One- a spacious 3-bedroom, 1.5-bath main home with a charming front porch, and Unit #2 - a cozy 2-bedroom one bath with a private balcony, and Unit #3- features a 1-bedroom layout, living area, kitchenette, and bath. Lastly, unit #4 -there is a one-bedroom studio above unit #3.

    Debbie Bledsoe CENTURY 21 PRIMETIME REALTORS

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Range of Values:

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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
California Champion Inc $265,000 Wfg Title Company Of Ca
Li Qinke -- Fidelity National Title
Wu Fei $260,000 Fidelity National Title
Li Qinke -- Fidelity National Title
Welch Paul -- None Available
Li Qinke -- None Available
Li Qinke $580,000 Fidelity National Title Co
Wagner Jack R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open California Champion Inc $100,000
Open California Champion Inc $400,000
Open California Champion Inc $800,000
Closed California Champion Inc $850,000
Previous Owner Li Qinke $464,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2012 11/07/12 Sold $260,000 -13.0% $99 / Sq Ft
04/18/2012 04/18/12 Pending -- -- --
02/19/2012 02/19/12 For Sale $299,000 -- $114 / 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
2024 $4,045 $318,485 $68,505 $249,980
2023 $4,050 $312,240 $67,162 $245,078
2022 $3,990 $306,118 $65,845 $240,273
2021 $4,064 $300,116 $64,554 $235,562
2020 $4,076 $297,039 $63,892 $233,147
2019 $3,970 $291,214 $62,639 $228,575
2018 $3,751 $285,504 $61,411 $224,093
2017 $3,620 $279,906 $60,207 $219,699
2016 $3,711 $274,417 $59,026 $215,391
2015 $3,593 $270,295 $58,139 $212,156
2014 $3,448 $265,000 $57,000 $208,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12022656

California Regional Multiple Listing Service (CRMLS)

APN: 0274-163-21