NOT LISTED FOR SALE

10394 Hole Ave Riverside, CA 92505

La Sierra Neighborhood
2 Beds
2 Baths
7,200 Sq Ft
0.32 Acres

Last Sold July 23, 2021

Last sale price $1,660,000 $231 Per Sq Ft

50 Days on Market

About This Home

As of July 2021

10394 Hole Avenue is an 8-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. Built in 1973, the property consists exclusively of spacious 2 bed/1.5 bath townhome units and offers amenities including open parking, on-site laundry, and private balconies. 10394 Hole Avenue is located within a 0.5 mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million square foot shopping mall, Michaels Plaza, Tyler Street Plaza, and Magnolia Plaza, providing residents with easy access to major retailers. Additionally, the property is just 1 mile from California State Route 91, placing residents in close proximity to nearby employment hubs.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 04/12/2021

Last Buyer's Agent

Frank Ohrmund

Otay Real Estate Company License #01169441

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Level Lot

Interior Spaces

  • 7,200 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 41407
  • Assessor Parcel Number 143202001

Community Details

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,203
  • Fuel Expense $2,203
  • Insurance Expense $3,600
  • Maintenance Expense $5,200
  • Other Expense $4,989
  • Professional Management Expense $4,222
  • Trash Expense $2,203
  • Water Sewer Expense $2,203
  • New Taxes Expense $19,719
  • Operating Expense $46,542
  • Gross Income $108,800
  • Net Operating Income $59,018

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Professional Management Expense: 4222.00
  • Property Attached: No
  • Water Sewer Expenses: 2203.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 143202001
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 230.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2203.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 13939.20
  • Lot Size Acres: 0.3200

Multi Family

  • Electric Expense: 2203.00
  • Fuel Expense: 2203.00
  • Gross Income: 108800.00
  • Gross Operating Income: 105560.00
  • Gross Scheduled Income: 108000.00
  • Insurance Expense: 3600.00
  • Lot Size Area: 0.3200 Acres
  • Maintenance Expense: 5200.00
  • Net Operating Income: 59018.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 46542.00
  • Other Expense: 4989.00
  • Other Expense Description: Misc
  • Other Income1: 800.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 9000.00
  • Total Expenses: 46542.00
  • Vacancy Allowance: 3240

Tax Info

  • New Taxes Expense: 19719.00
  • Tax Census Tract: 414.07
  • Tax Lot: 16
  • Tax Tract Number: 041407

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2021 07/23/21 Sold $1,660,000 -2.3% $231 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/07/2021 05/07/21 Price Changed $1,699,000 -5.3% $236 / Sq Ft
04/22/2021 04/22/21 Price Changed $1,795,000 -4.3% $249 / Sq Ft
04/12/2021 04/12/21 For Sale $1,875,000 -- $260 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2021

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    148 Total Sales

    Tyler Leeson
    Section Image
  • Frank Ohrmund

    Buyer's Agent in 2021

    Frank Ohrmund

    Otay Real Estate Company

    (619) 397-5300

    1 in this area

    14 Total Sales

    Frank Ohrmund
    Section Image

  • S

    Buyer's Agent in 2021

    Steven Cheung

    Century 21 Realty Alliance

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21076381

California Regional Multiple Listing Service (CRMLS)

APN: 143-202-001

California Riverside County Riverside 92505 La Sierra

10394 Hole Ave, Riverside, CA

This home is located at 10394 Hole Ave, Riverside, CA 92505 since 12 April 2021. This property was built in 1973. 10394 Hole Ave is a home located in Riverside County with nearby schools including Collett Elementary School, Arizona Middle School, and La Sierra High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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