JC Kim
First Team Real Estate
(562) 352-1064
22 Total Sales
1 in Highgrove
$770,000 Price
1057 Center St Riverside, CA 92507
Highgrove Neighborhood
3
Beds
--
Bath
2,984
Sq Ft
7,600
Sq Ft Lot
About This Home
As of December 2022*BACK ON THE MARKET* Buyer could not preform. Motivated seller, 25k price reduction. Rare opportunity to own mixed use property in, possibly, the largest development boom in Riverside County. Two parcels are included in the sale, with a total of approximately 2984 sqft on a 7400 sqft lot. The warehouse is 1736 sq ft. the corner unit is 1248 sq. ft. Just Appraised for $475,000. The corner unit is now being used as a 2 bed 1 bath single family unit. Detached 2 car garage has a 1/2 bath. Could easily be turned into retail frontage. The main building has endless possibilities with a huge warehouse in the front and office and bathroom in the back. Property also includes a 2 car garage. Plenty of parking for both. Both buildings have recently been painted, new roof, newer electric panel, and new windows will be replaced in front of main building before COE. Fantastic location with stellar street visibility, thousands of commuters passing by and waiting in front for the train. Thousands of new homes have been built in this community in the past few years, and now is a great time to own before the entire community is re-developed. Just a block away is a new development- “The Highgrove Town Center” with 846 townhomes being built with retail and shopping. Could be a great live/work location.
Last Agent to Sell the Property
NEST REAL ESTATE License #01503278 Listed on: 10/24/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1912
Lot Details
- 7,600 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 2 Car Garage
Home Design
- 2,984 Sq Ft Home
Utilities
- Central Air
- Septic Type Unknown
Additional Features
- 3 Bedrooms
- Laundry in Garage
Listing and Financial Details
- Legal Lot and Block 12 / 11
- Tax Tract Number 9
- Assessor Parcel Number 247053008
- $140 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,300
- Trash Expense $800
- Operating Expense $2,100
- Gross Income $54,000
- Net Operating Income $51,900
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 24, 2022
Closed on
Dec 8, 2022
Sold by
Bought by
Seller's Agent
FREDERICK GORDON
NEST REAL ESTATE
Buyer's Agent
Dongyan Zheng
A-Z REALTY & INVESTMENT CORP
List Price
$475,000
Sold Price
$435,000
Premium/Discount to List
-$40,000
-8.42%
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Outstanding Balance
$355,093
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 16, 2019
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
$240,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Highgrove, CA
-
JC Kim
-
Mark Lear
Mark Lear
WERE Real Estate Inc
(657) 223-8121
353 Total Sales
2 in Highgrove
$650K - $713K Price Range
-
Edward Ong
Edward Ong
Responds QuicklyCorpen Real Estate Group
(669) 200-0582
83 Total Sales
1 in Highgrove
$685,000 Price
-
John Nicols
John Nicols
Nicols Real Estate and Loans, Inc
(657) 332-0825
38 Total Sales
2 in Highgrove
$875,000 Price Range
-
Kevin Freeman
Kevin Freeman
Re/Max R. E. Specialists
(213) 600-3360
18 Total Sales
2 in Highgrove
$405,000 Price Range
-
John Germing
John Germing
Meridian Capital Real Estate
(833) 985-5301
23 Total Sales
1 in Highgrove
$200,000 Price
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 |
|---|---|---|---|
| $217,500 | Ticor Title | ||
| $240,000 | Fidelity National Title Co |
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 | $370,000 | ||
| Previous Owner | $240,000 |
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 |
|---|---|---|---|---|
| 12/19/2022 12/19/22 | Sold | $435,000 | -8.4% | $146 / Sq Ft |
| 10/24/2022 10/24/22 | For Sale | $475,000 | -- | $159 / 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 | $2,046 | $175,098 | $53,060 | $122,038 |
| 2025 | $1,983 | $171,666 | $52,020 | $119,646 |
| 2023 | $1,983 | $165,000 | $50,000 | $115,000 |
| 2022 | $1,140 | $90,172 | $53,588 | $36,584 |
| 2021 | $1,121 | $88,405 | $52,538 | $35,867 |
| 2020 | $1,114 | $87,500 | $52,000 | $35,500 |
| 2019 | $617 | $42,846 | $17,819 | $25,027 |
| 2018 | $607 | $42,007 | $17,471 | $24,536 |
| 2017 | $599 | $41,184 | $17,129 | $24,055 |
| 2016 | $569 | $40,378 | $16,794 | $23,584 |
| 2015 | $563 | $39,774 | $16,543 | $23,231 |
| 2014 | $559 | $38,997 | $16,220 | $22,777 |
Source: Public Records
Agents Affiliated with this Home
-
FREDERICK GORDON
Seller's Agent in 2022
FREDERICK GORDON
NEST REAL ESTATE
(951) 545-8846
2 in this area
30 Total Sales
-
Crystal Coleman
Seller Co-Listing Agent in 2022
Crystal Coleman
NEST REAL ESTATE
(951) 801-0924
2 in this area
41 Total Sales
-
Dongyan Zheng
D
Buyer's Agent in 2022
Dongyan Zheng
A-Z REALTY & INVESTMENT CORP
(714) 856-6281
3 in this area
52 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV22228852
APN: 247-053-008
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.
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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