NOT LISTED FOR SALE
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

Tax Info

  • New Taxes Expense: 19719.00
  • Tax Census Tract: 414.07
  • Tax Lot: 16
  • Tax Tract Number: 041407
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

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
2025 $21,253 $1,761,605 $297,138 $1,464,467
2023 $21,253 $1,693,200 $285,600 $1,407,600
2022 $19,671 $1,660,000 $280,000 $1,380,000
2021 $7,465 $614,504 $178,182 $436,322
2020 $7,348 $608,204 $176,355 $431,849
2019 $7,255 $596,280 $172,898 $423,382
2018 $7,157 $584,589 $169,508 $415,081
2017 $7,028 $573,128 $166,185 $406,943
2016 $6,915 $561,891 $162,927 $398,964
2015 $6,814 $553,453 $160,481 $392,972
2014 $6,791 $542,614 $157,339 $385,275
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21076381

California Regional Multiple Listing Service (CRMLS)

APN: 143-202-001