Seller's Agent in 2020
Matthew Hopkins
Citivest Inc
(800) 819-9347
3 in this area
39 Total Sales
10640 Burton St Riverside, CA 92505
La Sierra NeighborhoodEstimated Value: $1,141,000 - $1,301,000
2
Beds
1
Bath
3,950
Sq Ft
$305/Sq Ft
Est. Value
About This Home
As of December 2020100% Occupied Riverside Fourplex with Below market rents and all tenants paying! This is the first time this property has been on the market for over 30 years. The property consists of one four unit building. All units are two bedroom one bathroom with two units being upstairs and two downstairs. Tenants are responsible for gas and electric and owner pays for water, sewer and common area utilities. Each unit has two parking spaces on the premises with 2 of the units having covered garage spaces. All tenants are currently paying full rent have lease expirations coming in the near future. This will allow a buyer to substantially increase rents in the units over the next year. Recent Upgrades to the property include newly repaved driveway and parking lot, exterior paint, plumbing upgrades and more. This property can be purchased by itself or with 10652 Burton St.
Last Agent to Sell the Property
Citivest Inc License #01819074 Listed on: 10/08/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,969
Year Built
- Built in 1965
Lot Details
- 7,841 Sq Ft Lot
- No Common Walls
- Front Yard Sprinklers
- Lawn
- Land Lease
Parking
- 6 Open Parking Spaces
- 2 Car Garage
Home Design
- 3,950 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Leased Washer and Dryer
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 33
- Tax Tract Number 41407
- Assessor Parcel Number 143243001
Community Details
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $550
- Fuel Expense $800
- Insurance Expense $1,750
- Maintenance Expense $5,500
- Professional Management Expense $3,480
- Trash Expense $915
- Water Sewer Expense $1,400
- New Taxes Expense $9,350
- Operating Expense $23,745
- Gross Income $400
- Net Operating Income $45,955
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2020
Closed on
Jan 11, 2021
Sold by
Lieu William and Phung Lisa
Bought by
Will Estates Llc
Seller's Agent
Matthew Hopkins
Citivest Inc
Buyer's Agent
Kevin Chiang
West Shores Realty, Inc.
List Price
$849,900
Sold Price
$825,000
Premium/Discount to List
-$24,900
-2.93%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,529
Avg. Annual Appreciation
8.40%
Purchase Details
Listed on
Oct 8, 2020
Closed on
Oct 23, 2020
Sold by
Haynes Dana
Bought by
Lieu William and Phung Lisa
Seller's Agent
Matthew Hopkins
Citivest Inc
Buyer's Agent
Kevin Chiang
West Shores Realty, Inc.
List Price
$849,900
Sold Price
$825,000
Premium/Discount to List
-$24,900
-2.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 12, 2018
Sold by
Haynes Dana
Bought by
Haynes Dana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2003
Sold by
Haynes Kathy
Bought by
Haynes Dany
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.54%
Mortgage Type
Commercial
Purchase Details
Closed on
May 22, 1996
Sold by
Burton Street Associates
Bought by
Haynes Dana
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Will Estates Llc | -- | None Available | |
| Lieu William | $840,000 | Ticor Title | |
| Haynes Dana | -- | Pacific Coast Title | |
| Haynes Dany | -- | -- | |
| Haynes Dana | -- | First American Title Co | |
| Haynes Dana | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lieu William | $470,000 | |
| Previous Owner | Haynes Dana | $200,000 | |
| Previous Owner | Haynes Dana | $233,000 | |
| Previous Owner | Haynes Dana | $200,000 | |
| Previous Owner | Haynes Dana | $150,000 | |
| Previous Owner | Haynes Dana | $472,000 | |
| Previous Owner | Haynes Dana L | $50,000 | |
| Previous Owner | Haynes Dana | $195,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2020 12/22/20 | Sold | $825,000 | -2.9% | $209 / Sq Ft |
| 10/19/2020 10/19/20 | Pending | -- | -- | -- |
| 10/08/2020 10/08/20 | For Sale | $849,900 | -- | $215 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,969 | $909,240 | $124,478 | $784,762 |
| 2023 | $10,969 | $873,936 | $119,646 | $754,290 |
| 2022 | $10,153 | $856,800 | $117,300 | $739,500 |
| 2021 | $9,970 | $840,000 | $115,000 | $725,000 |
| 2020 | $2,269 | $181,654 | $66,812 | $114,842 |
| 2019 | $2,241 | $178,093 | $65,502 | $112,591 |
| 2018 | $2,212 | $174,602 | $64,218 | $110,384 |
| 2017 | $2,173 | $171,179 | $62,959 | $108,220 |
| 2016 | $2,139 | $167,824 | $61,725 | $106,099 |
| 2015 | $2,108 | $165,305 | $60,799 | $104,506 |
| 2014 | $2,100 | $162,069 | $59,609 | $102,460 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Hopkins
-
Kevin Chiang
Buyer's Agent in 2020
Kevin Chiang
West Shores Realty, Inc.
(626) 258-9221
2 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20211416
APN: 143-243-001
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