NOT LISTED FOR SALE

966 W 5th St Corona, CA 92882

Central Corona Neighborhood

Estimated Value: $953,333 - $1,103,000

8 Beds
4 Baths
3,400 Sq Ft
$304/Sq Ft Est. Value

Last Sold April 16, 2018

Last sale price $650,000 $191 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,092/month

183 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot
  • Wall Furnace
  • Tile Flooring

About This Home

As of April 2018

Great investment opportunity. 4 units located in the heart of Corona. Near many strip malls, easy freeway access and great central location.
All units are 2 beds / 1 bath. All units could use a cosmetic face-lift, but overall a great return for your money!!

Last Agent to Sell the Property

Josh Huizar

KW College Park License #01879833 Listed on: 08/21/2017

KW College Park

Last Buyer's Agent

Nassef (Sef) Girgis

Realty ONE Group West License #01424521

Realty ONE Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,128

Year Built

  • Built in 1964

Lot Details

  • 8,760 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Property Attached

Interior Spaces

  • 3,400 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 11
  • Tax Tract Number 33007
  • Assessor Parcel Number 118283015

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,172
  • Trash Expense $1,800
  • Water Sewer Expense $4,200
  • New Taxes Expense $5,400
  • Operating Expense $13,572
  • Gross Income $45,600
  • Net Operating Income $32,028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,128

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 4200.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 118283015
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 191.18

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8760.00

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 2172.00
  • Net Operating Income: 32028.00
  • 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: 13572.00
  • Rent Control: No
  • Total Actual Rent: 3800.00
  • Total Expenses: 13572.00

Tax Info

  • New Taxes Expense: 5400.00
  • Tax Census Tract: 417.04
  • Tax Lot: 11
  • Tax Tract Number: 033007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2020
Sold by
Bareh Adel B and Bareh Gihan M
Bought by
Aghapy Real Estate Holdings Llc
Current Estimated Value
$1,034,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,733
Interest Rate
2.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2017
Closed on
Apr 16, 2018
Sold by
Bareh Adel B and Bareh Gihan
Bought by
Aghapy Real Estate Holdings Llc
Seller's Agent
Josh Huizar
KW College Park
Buyer's Agent
Nassef (Sef) Girgis
Realty ONE Group West
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$487,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2017
Closed on
Feb 26, 2018
Sold by
Rodriguez Jesus and Rodriguez Maria
Bought by
Bareh Adel B and Bareh Gihan M
Seller's Agent
Josh Huizar
KW College Park
Buyer's Agent
Nassef (Sef) Girgis
Realty ONE Group West
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2005
Sold by
Garrido Jorge and Garrido Judith
Bought by
Rodriguez Jesus and Rodriguez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,600
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 1994
Sold by
Olson Ellsworth R
Bought by
Garrido Jorge and Garrido Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,200
Interest Rate
8.73%
Mortgage Type
Seller Take Back
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
Aghapy Real Estate Holdings Llc -- Pacific Coast Title Company
Bareh Adel B -- Pacific Coast Title Company
Aghapy Real Estate Holdings Llc -- None Available
Bareh Adel B $650,000 Lawyers Title
Rodriguez Jesus $596,000 Fidelity National Title Co
Garrido Jorge -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bareh Adel B $437,733
Previous Owner Bareh Adel B $487,500
Previous Owner Rodriguez Jesus $506,600
Previous Owner Garrido Jorge $13,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2018 04/16/18 Sold $650,000 -1.4% $191 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
01/08/2018 01/08/18 Price Changed $659,000 -1.5% $194 / Sq Ft
11/28/2017 11/28/17 Price Changed $669,000 -1.6% $197 / Sq Ft
11/18/2017 11/18/17 Price Changed $679,900 -1.3% $200 / Sq Ft
11/13/2017 11/13/17 Price Changed $689,000 -1.6% $203 / Sq Ft
08/21/2017 08/21/17 For Sale $700,000 -- $206 / 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 $8,128 $739,584 $170,671 $568,913
2023 $8,128 $710,867 $164,045 $546,822
2022 $7,872 $696,929 $160,829 $536,100
2021 $7,708 $683,265 $157,676 $525,589
2020 $7,623 $676,260 $156,060 $520,200
2019 $7,447 $663,000 $153,000 $510,000
2018 $7,279 $650,000 $150,000 $500,000
2017 $5,927 $428,400 $105,000 $323,400
2016 $5,429 $428,400 $105,000 $323,400
2015 $4,594 $408,000 $100,000 $308,000
2014 $4,514 $408,000 $100,000 $308,000
Source: Public Records

Agents Affiliated with this Home

  • Josh Huizar

    Seller's Agent in 2018

    Josh Huizar

    KW College Park

    (951) 316-5171

    1 in this area

    98 Total Sales

    Josh Huizar
    Section Image
  • Nassef (Sef) Girgis

    Buyer's Agent in 2018

    Nassef (Sef) Girgis

    Realty ONE Group West

    (951) 271-6561

    3 Total Sales

    Nassef (Sef) Girgis
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG17193464

California Regional Multiple Listing Service (CRMLS)

APN: 118-283-015

California Riverside County Corona 92882 Central Corona

966 W 5th St, Corona, CA

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