NOT LISTED FOR SALE
2 Beds
2 Baths
7,200 Sq Ft
0.32 Acre Lot

Sale Details

Date 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

  • 13,939 Sq Ft Lot
  • No Common Walls
  • Level Lot

Interior Spaces

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

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

0.32 Acres

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

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
Apr 12, 2021
Closed on
Sep 7, 2021
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Frank Ohrmund
Otay Real Estate Company
List Price
$1,875,000
Sold Price
$1,660,000
Premium/Discount to List
-$215,000
-11.47%

Purchase Details

Listed on
Apr 12, 2021
Closed on
Jul 15, 2021
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Frank Ohrmund
Otay Real Estate Company
List Price
$1,875,000
Sold Price
$1,660,000
Premium/Discount to List
-$215,000
-11.47%

Purchase Details

Closed on
Nov 13, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 11, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 4, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 1998
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
$21,930
Interest Rate
0.0693%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 1998
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
$21,930
Interest Rate
0.0693%
Mortgage Type
Unknown

Purchase Details

Closed on
May 7, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 1994
Sold by
Bought by

Purchase Details

Closed on
Sep 9, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Chicago Title Co Com Div
$1,660,000 Chicago Title Co Com Div
-- None Available
-- None Available
-- Accommodation
-- Fidelity National Title Ins
$500 --
-- --
-- --
-- --
$135,000 First American Title Ins Co
$298,173 --
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 $10,500,000
Closed $8,000,000
Previous Owner $550,000
Previous Owner $21,930
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
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

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
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21076381

California Regional Multiple Listing Service (CRMLS)

APN: 143-202-001

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