NOT LISTED FOR SALE
3 Beds
4 Baths
26,000 Sq Ft
44,997 Sq Ft Lot

Last Sold December 22, 2014

Last sale price $3,420,000 $132 Per Sq Ft

689 Days on Market

Highlights

  • 1.03 Acre Lot
  • Carpet
  • Wall Furnace
  • Mediterranean Architecture

About This Home

As of December 2014

It is one of the finest gated apartment complex comprising of 4 Buildings. It has Swimming Pool and plenty of parking. It is very close to Corona City Hall, restaurants, places of businesses and public transportation. It has tremendous potential.

Last Agent to Sell the Property

J.R. Shah

Century 21 Discovery License #01116918 Listed on: 09/07/2012

Century 21 Discovery

Last Buyer's Agent

J.R. Shah

Century 21 Discovery License #01116918 Listed on: 09/07/2012

Century 21 Discovery

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 1.03 Acre Lot

Parking

  • 48 Parking Spaces

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Clay Roof
  • Stucco

Interior Spaces

  • 26,000 Sq Ft Home
  • Carpet
  • Formica Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 2
  • Assessor Parcel Number 118283007

Community Details

Overview

  • 4 Buildings
  • 48 Units

Building Details

  • 48 Separate Electric Meters
  • 48 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $750
  • Gardener Expense $1,200
  • Insurance Expense $6,600
  • Other Expense $20,000
  • Pest Control $800
  • Professional Management Expense $7,500
  • Trash Expense $8,100
  • Water Sewer Expense $7,900
  • New Taxes Expense $42,000
  • Gross Income $30,875
  • Net Operating Income $243,808

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

1.03 Acres

Listing Details

  • CapRate: 6.27
  • Professional Management Expense: 7500.00
  • Water Sewer Expenses: 7900.00
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 118283007
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formica Counters
  • Flooring: Carpet
  • Price Per Square Foot: 131.54

Exterior Features

  • Roof: Clay, Spanish Tile
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 48.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Electric, Wall Furnace
  • Pest Control Expense: 800.00
  • Sewer: Sewer Paid
  • Trash Expense: 8100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 45000.00
  • Lot Size Acres: 1.0330

Multi Family

  • Electric Expense: 750.00
  • Gross Income: 30875.00
  • Gross Multiplier: 10.57
  • Gross Scheduled Income: 368000.00
  • Insurance Expense: 6600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 45000.0000 Square Feet
  • Net Operating Income: 243808.00
  • Number Of Separate Electric Meters: 48
  • Number Of Separate Gas Meters: 48
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 48
  • Operating Expense: 105792.00
  • Operating Expense Percent: 29.00
  • Other Expense: 20000.00
  • Other Expense Description: 16222
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 42000.00
  • Tax Area: 4141
  • Tax Lot: 7
  • Tax Tract Number: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2014 12/22/14 Sold $3,420,000 -12.1% $132 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
09/07/2012 09/07/12 For Sale $3,888,888 -- $150 / 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 $15,475 $1,400,791 $301,852 $1,098,939
2023 $15,475 $1,346,399 $290,132 $1,056,267
2022 $14,989 $1,320,000 $284,444 $1,035,556
2021 $7,600 $659,530 $142,120 $517,410
2020 $7,518 $652,768 $140,663 $512,105
2019 $7,348 $639,969 $137,905 $502,064
2018 $7,186 $639,421 $135,202 $504,219
2017 $7,013 $627,119 $132,551 $494,568
2016 $6,948 $615,058 $129,952 $485,106
2015 $6,785 $606,000 $128,000 $478,000
2014 $6,874 $625,130 $172,788 $452,342
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P835249

California Regional Multiple Listing Service (CRMLS)

APN: 118-283-007

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