Seller's Agent in 2021
Joseph Orozco Jr.
Keller Williams Realty
(949) 485-9427
1 in this area
28 Total Sales
939 N Vicentia Ave Corona, CA 92880
North Corona NeighborhoodEstimated Value: $1,011,597 - $1,147,000
8
Beds
8
Baths
4,288
Sq Ft
$255/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Level Lot
- Cooling System Mounted To A Wall/Window
About This Home
As of February 2021100% Occupied Fourplex with Below market rents and all tenants paying! Rare chance to buy a Fourplex asset in a prime location close Metro at Main, Starbucks and North Main Metrolink! These townhouse style units all feature 2 bedrooms and 1 bath upstairs and a 1/2 bath downstairs. All units are Occupied and all tenants are paying their Full Rent. Phenomenal 5.8 CAP Rate with the ability to further value add. There is also a laundry room that could bring even more income. This is the type of asset you put in a Trust for your children or add to your portfolio. High demand rental area virtually no vacancy. The building has very low operating costs. All units are individually metered for gas and electricity, owner pays water and trash. All tenants have always paid cash. All units have a backyard area and each have a shared garage space for 1 car. Longterm tenants that wish to stay will provide cashflow, depreciation, loan pay down and building appreciation. Below market rents, but for those looking for a repositioning opportunity, this asset offers a big upside in rental income. All buyers Must drive by the property first before making an offer.
Last Agent to Sell the Property
Keller Williams Realty License #01305877 Listed on: 10/24/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,137
Year Built
- Built in 1960
Lot Details
- 8,276 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- 4,288 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Additional Features
- Suburban Location
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 29
- Tax Tract Number 2745
- Assessor Parcel Number 119084001
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,300
- Trash Expense $2,400
- Water Sewer Expense $3,240
- New Taxes Expense $8,875
- Operating Expense $15,815
- Gross Income $62,100
- Net Operating Income $46,285
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2020
Closed on
Feb 3, 2021
Sold by
Golden Forest Investments Llc
Bought by
Gandhi Sandeep and Gandhi Purnima V
Seller's Agent
Joseph Orozco Jr.
Keller Williams Realty
Buyer's Agent
Joseph Orozco Jr.
Keller Williams Realty
List Price
$799,000
Sold Price
$768,000
Premium/Discount to List
-$31,000
-3.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,399
Avg. Annual Appreciation
8.04%
Original Mortgage
$563,000
Outstanding Balance
$504,990
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$588,409
Purchase Details
Closed on
Jun 22, 2011
Sold by
Shindler Paul J and Shindler Jessica H
Bought by
Golden Forest Investments Llc
Purchase Details
Closed on
May 19, 2011
Sold by
Nguyen Nathan
Bought by
Shindler Paul J and Shindler Jessica H
Purchase Details
Closed on
Jan 19, 2010
Sold by
Nguyen Nathan and Pender Teresa
Bought by
Nguyen Nathan
Purchase Details
Closed on
Apr 22, 2004
Sold by
Nguyen Nathan
Bought by
Nguyen Nathan and Pender Teresa
Purchase Details
Closed on
Jul 25, 2003
Sold by
Huynh Steve V and Sanfrancisco Maria Alice
Bought by
Sanfrancisco Dalida
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 1, 2003
Sold by
Sanfrancisco Dalida
Bought by
Nguyen Nathan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 5, 2003
Sold by
Pender Teresa
Bought by
Nguyen Nathan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 19, 2001
Sold by
Khoury Khaled
Bought by
Huynh Steve and Sanfrancisco Maria Alice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,700
Interest Rate
6.96%
Mortgage Type
Commercial
Purchase Details
Closed on
May 15, 1998
Sold by
Pff Bank & Trust
Bought by
Khoury Khaled
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
7.11%
Mortgage Type
Commercial
Purchase Details
Closed on
May 14, 1998
Sold by
Khoury Sawsan
Bought by
Khoury Kahled
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
7.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 26, 1998
Sold by
The Machado Partnership
Bought by
Pff Bank & Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
7.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 19, 1994
Sold by
Pomona First Fsla
Bought by
The Machado Partnership
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Interest Rate
9.29%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 7, 1994
Sold by
Pomona Financial Services Inc
Bought by
Pomona First Fsla
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gandhi Sandeep | $768,000 | Corinthian Title Company | |
| Golden Forest Investments Llc | -- | None Available | |
| Shindler Paul J | $405,000 | Nations Title | |
| Nguyen Nathan | -- | None Available | |
| Nguyen Nathan | -- | -- | |
| Sanfrancisco Dalida | -- | Fidelity National Title | |
| Nguyen Nathan | $400,000 | -- | |
| Nguyen Nathan | -- | -- | |
| Huynh Steve | $253,000 | Fidelity National Title Co | |
| Khoury Khaled | $131,000 | Chicago Title Co | |
| Khoury Kahled | -- | Chicago Title | |
| Pff Bank & Trust | $120,000 | First American Title Ins Co | |
| The Machado Partnership | -- | Chicago Title Company | |
| Pomona First Fsla | $243,760 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gandhi Sandeep | $563,000 | |
| Previous Owner | Nguyen Nathan | $110,000 | |
| Previous Owner | Nguyen Nathan | $292,500 | |
| Previous Owner | Huynh Steve | $227,700 | |
| Previous Owner | Khoury Khaled | $150,000 | |
| Previous Owner | Khoury Khaled | $104,800 | |
| Previous Owner | The Machado Partnership | $167,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/11/2021 02/11/21 | Sold | $768,000 | 0.0% | $179 / Sq Ft |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- |
| 11/27/2020 11/27/20 | Off Market | $768,000 | -- | -- |
| 11/13/2020 11/13/20 | Price Changed | $799,000 | 0.0% | $186 / Sq Ft |
| 11/13/2020 11/13/20 | For Sale | $799,000 | +4.0% | $186 / Sq Ft |
| 10/24/2020 10/24/20 | Off Market | $768,000 | -- | -- |
| 10/24/2020 10/24/20 | Pending | -- | -- | -- |
| 10/24/2020 10/24/20 | For Sale | $795,000 | -- | $185 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,137 | $831,307 | $135,304 | $696,003 |
| 2023 | $9,137 | $799,027 | $130,050 | $668,977 |
| 2022 | $8,849 | $783,360 | $127,500 | $655,860 |
| 2021 | $5,448 | $479,352 | $139,189 | $340,163 |
| 2020 | $5,389 | $474,438 | $137,762 | $336,676 |
| 2019 | $5,265 | $465,136 | $135,061 | $330,075 |
| 2018 | $5,148 | $457,016 | $132,413 | $324,603 |
| 2017 | $5,022 | $448,075 | $129,817 | $318,258 |
| 2016 | $4,974 | $439,310 | $127,272 | $312,038 |
| 2015 | $4,866 | $432,728 | $125,361 | $307,367 |
| 2014 | $4,690 | $424,273 | $122,906 | $301,367 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Orozco Jr.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG20223105
APN: 119-084-001
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