NOT LISTED FOR SALE

980 W Pine St Upland, CA 91786

Estimated Value: $1,200,000 - $1,594,000

8 Beds
7 Baths
4,028 Sq Ft
$353/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $1,260,000 $313 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,587/month

12 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Park
  • Pioneer Junior High School Rated A-
  • Living Room
  • Laundry Room

About This Home

As of October 2021

Build passive income the smart way. Become a landlord and earn steady income for your future. Exceptional Investment Opportunity (one of my favorite investment types), located in a prime, greatly desirable area, quiet and safe neighborhood in North Upland with convenient walking distance to nearby shopping. This is a well maintained fourplex with great potential cash flow. All units are very spacious, averaging 800 to 1,000 sq ft, units consist of: 1- three-bedroom with two baths, 2 - two-bedroom with 1 1/2 baths, and 1 - one bedroom with 1 bath, lower 3 units all have their own patio. Long term tenants, payment current and no behind payment (even during COVID). GREAT NEWS. NO HOA!! All tenants love the area and community, this can be your first investment property, or add this to your growing portfolio.

Last Agent to Sell the Property

Tracy Tsoi

eXp Realty of Greater L.A. Inc License #01848587 Listed on: 09/10/2021

eXp Realty of Greater L.A. Inc

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,800 Sq Ft Lot
  • No Common Walls
  • Garden
  • Front Yard

Parking

  • 4 Car Garage

Interior Spaces

  • 4,028 Sq Ft Home
  • 2-Story Property
  • Living Room

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 7621
  • Assessor Parcel Number 1006471140000
  • $715 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $305
  • Fuel Expense $1,746
  • Gardener Expense $1,200
  • Insurance Expense $1,575
  • Maintenance Expense $2,919
  • Trash Expense $1,592
  • Water Sewer Expense $3,053
  • New Taxes Expense $13,375
  • Operating Expense $26,223
  • Gross Income $74,787
  • Net Operating Income $47,301

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.78
  • Property Attached: No
  • Water Sewer Expenses: 3053.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 1006471140000
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Levels: Two
  • Price Per Square Foot: 312.81
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1592.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden
  • Lot Size Sq Ft: 7800.00
  • Lot Size Acres: 0.1791

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 305.00
  • Fuel Expense: 1746.00
  • Gross Income: 74787.00
  • Gross Operating Income: 73620.00
  • Gross Scheduled Income: 73620.00
  • Insurance Expense: 1575.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7800.0000 Square Feet
  • Maintenance Expense: 2919.00
  • Net Operating Income: 47301.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27486.00
  • Rent Control: No
  • Total Actual Rent: 6135.00
  • Total Expenses: 26223.00

Tax Info

  • New Taxes Expense: 13375.00
  • Tax Census Tract: 8.18
  • Tax Lot: 19
  • Tax Tract Number: 7621
  • TaxOtherAnnualAssessmentAmount: 715.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2022
Sold by
Khanna Satish K and Khanna Neelam
Bought by
Upland/Laverne Real Estate Llc
Current Estimated Value
$1,421,642

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 18, 2021
Sold by
Hui Paklun and Tsoi Tracy
Bought by
Khanna Satish K and Khanna Neelam
Seller's Agent
Tracy Tsoi
eXp Realty of Greater L.A. Inc
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,250,000
Sold Price
$1,260,000
Premium/Discount to List
$10,000
0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.89%
Original Mortgage
$819,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2016
Closed on
Dec 19, 2016
Sold by
Cheung Emily
Bought by
Cheung Emily and Hui Paklun
Seller's Agent
Jerry Tomeo
MGR REAL ESTATE, INC.
Buyer's Agent
Tracy Tsoi
eXp Realty of Greater L.A. Inc
List Price
$744,900
Sold Price
$748,000
Premium/Discount to List
$3,100
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%

Purchase Details

Listed on
Oct 1, 2016
Closed on
Oct 17, 2016
Sold by
Ahn Charles
Bought by
Cheung Emily and Hui Paklun
Seller's Agent
Jerry Tomeo
MGR REAL ESTATE, INC.
Buyer's Agent
Tracy Tsoi
eXp Realty of Greater L.A. Inc
List Price
$744,900
Sold Price
$748,000
Premium/Discount to List
$3,100
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,700
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2011
Sold by
Ahn Sandy
Bought by
Ahn Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,100
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2005
Sold by
Ahn Sandy
Bought by
Ahn Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.13%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 27, 2005
Sold by
Bonaldo Andre M
Bought by
Ahn Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.13%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 27, 2004
Sold by
Bonaldo Andrew M
Bought by
Bonaldo Andre M and Bonaldo Jeanine S
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
Upland/Laverne Real Estate Llc -- --
Khanna Satish K $1,260,000 Ticor Title
Cheung Emily -- None Available
Cheung Emily $748,000 Orange Coast Title
Ahn Charles -- Chicago Title Company
Ahn Charles -- Commonwealth Land Title Glen
Ahn Charles $790,000 Commonwealth Land Title Glen
Bonaldo Andre M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khanna Satish K $819,000
Previous Owner Cheung Emily $545,700
Previous Owner Ahn Charles $538,100
Previous Owner Ahn Charles $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2021 10/22/21 Sold $1,260,000 +0.8% $313 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $1,250,000 +67.1% $310 / Sq Ft
12/12/2016 12/12/16 Sold $748,000 +0.4% $186 / Sq Ft View Prior Sale
10/01/2016 10/01/16 For Sale $744,900 0.0% $185 / Sq Ft
11/05/2012 11/05/12 Rented $975 0.0% --
11/05/2012 11/05/12 Under Contract -- -- --
10/09/2012 10/09/12 For Rent $975 -- --
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 $13,836 $1,310,904 $327,726 $983,178
2024 $13,836 $1,285,200 $321,300 $963,900
2023 $13,632 $1,260,000 $315,000 $945,000
2022 $13,604 $1,260,000 $315,000 $945,000
2021 $8,862 $798,860 $277,861 $520,999
2020 $8,622 $790,669 $275,012 $515,657
2019 $8,593 $775,166 $269,620 $505,546
2018 $8,381 $759,966 $264,333 $495,633
2017 $8,171 $748,000 $260,000 $488,000
2016 $8,707 $808,088 $282,830 $525,258
2015 $8,508 $795,950 $278,582 $517,368
2014 $8,290 $780,358 $273,125 $507,233
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21200500

California Regional Multiple Listing Service (CRMLS)

APN: 1006-471-14