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2843 Valley View Ave, Norco, CA 92860
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2843 Valley View Ave Norco, CA 92860

$1,250,000 Sold Price as of 01/23/2023
  • 8 Beds
  • 4 Baths
  • 2,600 Sq.Ft.
Sold
$1,250,000 Sold Price as of 01/23/2023 Refinance Your Mortgage
Map preview of 2843 Valley View Ave, Norco, CA 92860

Property Overview: 2843 Valley View Ave Norco, CA has 8 bedrooms, 4 bathrooms, 2,600 living square feet and 14,810 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: -- Four single-story units with upgraded interiors -- Central location within close proximity to shopping and I-15 Freeway -- Large 14,810 square foot lot -- 100% 2-bedroom, 2-bath floorplans -- Amenities include in-unit laundry, small yards and horse stalls for each unit -- Significant upside potential in rental income -- Year built and square footage are estimates -- Buyer to verify with city of Norco

Listed by Justin White | BRE #01267826 | Justin White
Last checked: 9 minutes ago | Last updated: January 23rd, 2023 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
14,810
HOA Dues
$0/mo
Year built
1960
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
PW22243047
City
Norco
County
Riverside
Time on Site
682 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $67,320
  • Net Operating Income: $36,440
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $27,514
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $15,939
  • Trash: $1,600
  • Insurance: $2,500
  • Professional Management: $3,366
  • Water/Sewer: $3,044
  • Other Expenses: $1,065

Property Details for 2843 Valley View Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre, Yard
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 127280002
  • Year Built Source: Estimated
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: None
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit I-15 on 2nd St
Neighborhood Information
  • Community Features: Horse Trails, Suburban
View more facts & features

Local Norco Agent

Sale History for 2843 Valley View Ave

Last sold for $1,250,000 on January 23rd, 2023

  • January, 2023

  • Jan 23, 2023

    Date

    Sold

    CRMLS: PW22243047

    $1,250,000

    Price

  • Nov 16, 2022

    Date

    Active

    CRMLS: PW22243047

    $1,275,000

    Price

  • July, 1989

  • Jul 31, 1989

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

Show More

Tax History for 2843 Valley View Ave

Assessed Value (2020): $363,329
Year Land Value Improved Value Assessed Value
2020 $126,145 $237,184 $363,329

Home Value Compared to the Market

This property vs the competition

2843 Valley View Ave sold on January 23, 2023 for 49.12% higher than the current median sold price for the city of Norco which is $855,000. The median sold price per/sqft for Norco is $488 and this home is sold at $490.38 per/sqft which puts the price per square foot 0.49% higher than the current median sale per square foot for the city of Norco.

About 2843 Valley View Ave

Detailed summary of property

2843 Valley View Ave is a apartment that recently sold in Norco, CA 92860. This apartment offered 8 bedrooms, 4 bathrooms, roughly 2,600 living square feet, and sits on an approximately 14,810 square foot lot. 2843 Valley View Ave was first listed on ArdentRealEstateGroup.com on November 17, 2022. The homeowner sold the property for $1,250,000. Home in Norco are selling for a median price of $855,000 and a median price per square foot of $488. Based on Ardent Real Estate Group's Norco Market Data, this home is sold 49.12% higher than the current median priced home. Local homes that are currently for sale include 2411 Angela St, 8019 Alder Ave and 931 S Towne Ave. While the average home in Norco, CA is selling in 74 days, 2843 Valley View Ave has a days on market of 13 days. There are currently 59 homes for sale in the Norco real estate market and 59 of them are single family homes while 0 of them are condos and 0 are townhomes. For more information on this home for sale at 2843 Valley View Ave Norco, CA 92860 contact Ardent Real Estate Group and we will put you in touch with one of our Norco agents.

Public Facts for 2843 Valley View Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
14,810
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
127-280-002

The source for these homes facts are from public records.

92860 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$950,000
Median List Price/Sq.Ft.
$471
Median Sold Price
$855,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
59
Median Sale to List Price %
97.71%
Avg Days on Market
21
Loan Type
Conventional (60%), FHA (0%), VA (5%), Cash (20%), Other (15%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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