NOT LISTED FOR SALE

Estimated Value: $459,000 - $657,000

3 Beds
2 Baths
1,835 Sq Ft
$312/Sq Ft Est. Value

Sale Details

Date Sold: December 24, 2014

Last sale price $362,500 $198 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,582 / mo

40 Days on Market

About This Home

As of December 2014

PRICE REDUCED!! PRICE REDUCED FOR QUICK SALE. ALL OFFERS WILL BE CONSIDERED. LET'S OPEN ESCROW! This is a great 2-unit Investment Property For Sale. This property is being sold "as-is." It needs some work, but for the right investor it will generate good rental income. The 1st unit is 3 bedrooms with 2 bathrooms. The 2nd unit is 2 bedrooms with 2 bathrooms. The lot is almost an acre with 38,333 sq.ft. There is room on the lot to possibly add another unit, but check with the City of Riverside to verify if allowed. There are many palm trees around the property and a long custom driveway. The 1st unit has an extra bathroom with access from the 2 space carport. This is a great opportunity for you to live in one unit and rent the other. The home backs up on the side of a hill that allows for nice view of the city.

Last Agent to Sell the Property

Carlos Jaramillo

ARROWHEAD REALTY GROUP License #01847350 Listed on: 10/09/2014

Last Buyer's Agent

Doreen Mendoza

Coldwell Banker Icon License #01875682

Coldwell Banker Icon

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 38,333 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • 1,835 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry in unit
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 1 / 15
  • Tax Tract Number 412
  • Assessor Parcel Number 147110008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,500
  • Insurance Expense $1,372
  • Trash Expense $720
  • Water Sewer Expense $1,500
  • New Taxes Expense $3,217
  • Gross Income $2,500
  • Net Operating Income $19,671

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0.88 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.02
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 147110008
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 197.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 38333.00
  • Lot Size Acres: 0.8800

Multi Family

  • Electric Expense: 2500.00
  • Gross Income: 2500.00
  • Gross Multiplier: 13.07
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 1372.00
  • Lot Size Area: 38333.0000 Square Feet
  • Net Operating Income: 19671.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 10329.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3217.00
  • Tax Block: 15
  • Tax Lot: 1
  • Tax Tract Number: 412
  • Tax Year: 2013

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

Listed on
Oct 9, 2014
Closed on
Dec 6, 2014
Sold by
Bought by
Seller's Agent
Carlos Jaramillo
ARROWHEAD REALTY GROUP
Buyer's Agent
Doreen Mendoza
Coldwell Banker Icon
List Price
$392,000
Sold Price
$362,500
Premium/Discount to List
-$29,500
-7.53%
Current Estimated Value
$572,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,574
Avg. Annual Appreciation
3.99%
Original Mortgage
$210,500
Outstanding Balance
$156,737
Interest Rate
3.96%
Mortgage Type
Commercial
Estimated Equity
$415,337

Purchase Details

Closed on
Sep 23, 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
$220,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 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
$220,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2010
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
$4,954,000
Interest Rate
4.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 6, 2003
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
$196,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2003
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
$196,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2001
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
$123,400
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 1999
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
$8,250
Interest Rate
7.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 1999
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
$8,250
Interest Rate
7.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 1999
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
$8,250
Interest Rate
7.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 1999
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
$8,250
Interest Rate
7.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 1998
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 La Sierra Acres, 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
$362,500 Title365
-- Lawyers Title
$275,000 Lawyers Title
$165,500 Chicago Title Inland Empire
$140,200 Chicago Title Inlnd Empire
-- Orange Coast Title Co
$245,000 Orange Coast Title Co
$130,000 American Title
-- --
-- Stewart Title
-- --
$107,000 Stewart Title Company
-- Stewart Title
$87,969 Stewart Title
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
Open $210,500
Previous Owner $220,000
Previous Owner $4,954,000
Previous Owner $416,000
Previous Owner $360,000
Previous Owner $294,000
Previous Owner $196,000
Previous Owner $38,842
Previous Owner $123,400
Previous Owner $8,250
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
12/24/2014 12/24/14 Sold $362,500 -7.5% $198 / Sq Ft
11/18/2014 11/18/14 Pending -- -- --
10/09/2014 10/09/14 For Sale $392,000 -- $214 / Sq Ft
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 $5,322 $436,710 $127,178 $309,532
2025 $5,155 $428,148 $124,685 $303,463
2023 $5,155 $411,525 $119,845 $291,680
2022 $4,770 $403,457 $117,496 $285,961
2021 $4,693 $395,547 $115,193 $280,354
2020 $4,617 $391,492 $114,012 $277,480
2019 $4,557 $383,817 $111,777 $272,040
2018 $4,494 $376,292 $109,586 $266,706
2017 $4,487 $375,387 $113,910 $261,477
2016 $4,413 $368,027 $111,677 $256,350
2015 $4,349 $362,500 $110,000 $252,500
2014 $3,452 $281,772 $128,078 $153,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV14217586

California Regional Multiple Listing Service (CRMLS)

APN: 147-110-056

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