7389 Magnolia Ave
Description
- Listed by William Gorman • DRE #00385396 • Gorman & Associates
- Listed by Diana Ramirez • DRE #01384990 • Gorman & Associates
Property Details for 7389 Magnolia Avenue
Property Details for 7389 Magnolia Avenue
| Status | Closed |
|---|---|
| MLS # | P410958 |
| Days on Market | 34 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1970 |
| Lot Size | - |
| County | Riverside County |
Location
Sold By Out of Area, Out of Area Out of Area, DRE #OUTAREA
Building Information for 7389 Magnolia Avenue
Payment Calculator
$14,990 per month
30 year fixed, 6.36% Interest
$11,840
$3,150
$0
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1Property Information for 7389 Magnolia Avenue
- Gross Income: $17,911
- Gross Scheduled Income: $214,932
- Gross Spendable Income: $42,043
- Vacancy Allowance: 10746
- Vacancy Allowance Rate: 5
- Net Operating Income: $128,803
- Gross Multiplier: 10.7
- Cap Rate: 5.6
- Sold Cap Rate: 5.42
- Operating Expense: $75,383
- Operating Expense Percent: 37.00%
- New Taxes Expense: $24,289
- Gardener Expense: $4,985
- Cable TV Expense: $0
- Licenses Expense: $0
- Pest Control Expense: $0
- Furniture Replacement Expense: $0
- Electric Expense: $4,700
- Insurance Expense: $10,662
- Maintenance Expense: $9,862
- Professional Management Expense: $0
- Workmans Compensation Expense: $983
- Other Expense: $1,000
- Other Expense Description: 0
- Trash Expense: $4,200
- Water Sewer Expense: $0
- Supplies Expense: $0
- Tax Area: 009002
- Tax Rate: 1.06
- Tax Tract Number: 17
- Tax Lot: 14
- Assessments YN: No
- Investment Property: No
- Laundry: No
- Fence: No
- Number Of Units: 26
- Parking: No
- Carport Spaces: 0
- Building Name: 7389 Magnolia 26
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $1,600
- Unit Type Total Rent: $1,600
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $710
- Unit Type Total Rent: $1,420
- Unit Type Area Units: Square Feet
- Unit Type Type: 10
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $660
- Unit Type Total Rent: $660
- Unit Type Area Units: Square Feet
- Unit Type Type: 11
- Unit Type Units Total: 4
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $685
- Unit Type Total Rent: $2,740
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $675
- Unit Type Total Rent: $2,025
- Unit Type Area Units: Square Feet
- Unit Type Type: 3
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $645
- Unit Type Total Rent: $1,935
- Unit Type Area Units: Square Feet
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $620
- Unit Type Total Rent: $620
- Unit Type Area Units: Square Feet
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $665
- Unit Type Total Rent: $665
- Unit Type Area Units: Square Feet
- Unit Type Type: 6
- Unit Type Units Total: 6
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $610
- Unit Type Total Rent: $3,660
- Unit Type Area Units: Square Feet
- Unit Type Type: 7
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $600
- Unit Type Total Rent: $1,200
- Unit Type Area Units: Square Feet
- Unit Type Type: 8
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $640
- Unit Type Total Rent: $1,280
- Unit Type Area Units: Square Feet
- Unit Type Type: 9
- Rent Controlled: No
- Number Of Buildings: 4
- Number Of Separate Electric Meters: 16
- Number Of Separate Gas Meters: 16
- Number Of Separate Water Meters: 2
- Number With Carpet: 26
Property History for 7389 Magnolia Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 20, 2004 | Sold CRMLS #CC216000 | $2,376,000 | — |
| Sep 20, 2004 | Sold CLAW #P410958MR | $2,376,000 | — |
| Sep 20, 2004 | Sold CRMLS #P410958 | $2,376,000 | — |
| Sep 12, 2004 | Pending CLAW #P410958MR | — | |
| Sep 12, 2004 | Pending CRMLS #P410958 | — | |
| Sep 2, 2004 | Sold (Public Record) Public Record #142975099 | $2,376,000 | — |
| Aug 13, 2004 | Listed (Active) CRMLS #P410958 | $2,300,000 | — |
| Aug 13, 2004 | Listed (Active) CLAW #P410958MR | $2,300,000 | — |
| Aug 13, 2004 | Listed (Active) CRMLS #CC216000 | $2,300,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/20/2004 | Sold CRMLS #CC216000 | $2,376,000 |
| 09/20/2004 | Sold CLAW #P410958MR | $2,376,000 |
| 09/20/2004 | Sold CRMLS #P410958 | $2,376,000 |
| 09/12/2004 | Pending CLAW #P410958MR | — |
| 09/12/2004 | Pending CRMLS #P410958 | — |
| 09/02/2004 | Sold (Public Record) Public Record #142975099 | $2,376,000 |
| 08/13/2004 | Listed (Active) CRMLS #P410958 | $2,300,000 |
| 08/13/2004 | Listed (Active) CLAW #P410958MR | $2,300,000 |
| 08/13/2004 | Listed (Active) CRMLS #CC216000 | $2,300,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 7389 Magnolia Avenue
Schools near 7389 Magnolia Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Jefferson Elementary School PublicK to 6 | ||
Sierra Middle School Public7 to 8 | ||
Ramona High School Public9 to 12 | ||
Opportunity Program School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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| Address | Sold price | Beds | Baths | Sqft | Lot AC |
|---|---|---|---|---|---|
– | 4 | 4 | 3,864 | 1.05 | |
$3,821,500 | – | – | 28,245 | 0.87 | |
$1,495,000 | 4 | 6 | 4,402 | 1.93 | |
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$299,500 | 2 | 2 | 1,229 | 0.17 | |
– | 2 | 2 | 1,174 | 0.17 | |
$537,500 | 2 | 2 | 1,240 | 0.18 | |
– | – | – | – | – | |
$998,000 | – | 2 | 1,587 | – | |
– | 3 | 2 | 1,537 | 0.28 | |
$565,000 | 4 | 2 | 1,537 | 0.25 | |
– | – | 3 | 528 | 1.5 | |
$360,000 | 4 | 2 | 2,292 | 0.18 | |
– | 3 | 2 | 1,577 | 0.27 | |
– | 2 | 1 | 1,100 | 0.18 |
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Listing Courtesy of Gorman & Associates, William Gorman, DRE #00385396; Gorman & Associates, Diana Ramirez, DRE #01384990
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.