NOT LISTED FOR SALE
11 Beds
9 Baths
4,766 Sq Ft
0.76 Acre Lot

Sale Details

Date Sold: September 13, 2017

Last sale price $1,050,000 $220 Per Sq Ft

6 Days on Market

Highlights

  • 33,000 Sq Ft lot
  • Chain Link Fence
  • 1-Story Property

About This Home

As of September 2017

$90,120 per year scheduled income for a cash generating property located in the HIGH DEMAND good part of Colton, yes this part is
considered good and the streets are nice clean streets. See for yourself! Rents were previously low and property was in need of
dire attention when first bought, BUT luckily for you, Landlord made the right changes here and made life EASY for you. Now rents
are HEALTHY with room to increase in its current condition. Very easy location to rent out and to RAISE RENTS high...high...and
HIGHER! Schools are walking distance, freeways and stores a minute away. *** Furthermore, current land use allows for 5-14 units
on this largely unused 36,000 sqft lot. There are only 9 right now. Perhaps you are the one to make full use of all the space here?

Last Agent to Sell the Property

Eddie Hsu

New Century Commercial License #00514782 Listed on: 07/03/2017

New Century Commercial

Last Buyer's Agent

Daniel Hernandez

Excellence RE Real Estate License #01042373

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 33,000 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • 8 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 4,766 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7
  • Tax Tract Number 1901
  • Assessor Parcel Number 0274152440000

Community Details

Overview

  • 5 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Professional Management Expense $3,605
  • Trash Expense $1,827
  • Water Sewer Expense $5,378
  • New Taxes Expense $10,114
  • Operating Expense $32,724
  • Gross Income $88,800
  • Net Operating Income $57,396

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.76 Acres

Parking

1

Listing Details

  • CapRate: 4.86
  • Professional Management Expense: 3605.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5378.00
  • Zoning: RS
  • Property Type: Residential Income
  • Parcel Number: 0274152440000
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 220.31

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: No
  • Sewer: Conventional Septic
  • Trash Expense: 1827.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 33000.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 88800.00
  • Gross Scheduled Income: 90120.00
  • Insurance Expense: 4000.00
  • Net Operating Income: 57396.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 32724.00
  • Rent Control: No
  • Total Expenses: 32724.00

Tax Info

  • New Taxes Expense: 10114.00
  • Tax Census Tract: 66.01
  • Tax Lot: 7
  • Tax Tract Number: 1901

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2022
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 2021
Sold by
Bought by

Purchase Details

Listed on
Jul 3, 2017
Closed on
Sep 5, 2017
Sold by
Bought by
Seller's Agent
Eddie Hsu
New Century Commercial
Buyer's Agent
Daniel Hernandez
Excellence RE Real Estate
List Price
$1,180,000
Sold Price
$1,050,000
Premium/Discount to List
-$130,000
-11.02%

Purchase Details

Listed on
Aug 27, 2014
Closed on
Mar 24, 2015
Sold by
Bought by
Seller's Agent
Irene Olsen
Keller Williams Realty
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$749,000
Sold Price
$735,000
Premium/Discount to List
-$14,000
-1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.17%
Original Mortgage
$476,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 7, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
8.26%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 6, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Colton, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- None Listed On Document
$1,050,000 Advantage Title Inc
$735,000 Wfg National Title
$510,000 Fidelity National Title Co
-- None Available
$270,000 Chicago Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $476,000
Previous Owner $382,500
Previous Owner $50,000
Previous Owner $10,000
Previous Owner $60,000
Previous Owner $35,000
Previous Owner $239,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2017 09/13/17 Sold $1,050,000 -11.0% $220 / Sq Ft
07/03/2017 07/03/17 For Sale $1,180,000 +60.5% $248 / Sq Ft
04/30/2015 04/30/15 Sold $735,000 -1.9% $155 / Sq Ft View Prior Sale
03/04/2015 03/04/15 Pending -- -- --
08/27/2014 08/27/14 For Sale $749,000 0.0% $158 / Sq Ft
01/21/2014 01/21/14 Rented $675 0.0% --
01/21/2014 01/21/14 For Rent $675 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,029 $1,218,616 $348,176 $870,440
2025 $15,029 $1,194,722 $341,349 $853,373
2024 $14,337 $1,171,296 $334,656 $836,640
2023 $14,372 $1,148,329 $328,094 $820,235
2022 $14,165 $1,125,813 $321,661 $804,152
2021 $14,448 $1,103,738 $315,354 $788,384
2020 $14,507 $1,092,420 $312,120 $780,300
2019 $14,115 $1,071,000 $306,000 $765,000
2018 $13,731 $776,356 $139,427 $636,929
2017 $9,804 $761,133 $136,693 $624,440
2016 $10,052 $746,209 $134,013 $612,196
2015 $7,206 $543,662 $115,128 $428,534
2014 $6,930 $533,013 $112,873 $420,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17151098

California Regional Multiple Listing Service (CRMLS)
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