Seller's Agent in 2020
Matthew Hopkins
Citivest Inc
(800) 819-9347
1 in this area
30 Total Sales
10652 Burton St Riverside, CA 92505
La Sierra NeighborhoodEstimated Value: $1,032,000 - $1,228,000
2
Beds
1
Bath
3,950
Sq Ft
$287/Sq Ft
Est. Value
Highlights
- Community Pool
- Laundry Room
- Paved or Partially Paved Lot
- Security Service
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 10640 Burton St.
Last Agent to Sell the Property
Citivest Inc License #01819074 Listed on: 10/08/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Paved or Partially Paved Lot
- Sprinklers on Timer
HOA Fees
- $125 Monthly HOA Fees
Parking
- 5 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, water
- Tax Lot 34
- Tax Tract Number 41407
- Assessor Parcel Number 143243002
Community Details
Overview
- 4 Units
Recreation
- Community Pool
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $550
- Fuel Expense $955
- 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 $23,900
- Gross Income $400
- Net Operating Income $47,300
Additional Features
- Laundry Facilities
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 26, 2022
Sold by
Meng Chiang Kevin and Fang Maria
Bought by
Kimberly First Investment Group Llc
Current Estimated Value
Purchase Details
Listed on
Oct 8, 2020
Closed on
Oct 23, 2020
Sold by
Haynes Dana
Bought by
Chiang Kevin Meng and Chiang Maria Tan
Seller's Agent
Matthew Hopkins
Citivest Inc
Buyer's Agent
Kevin Chiang
West Shores Realty, Inc.
List Price
$849,900
Sold Price
$819,850
Premium/Discount to List
-$30,050
-3.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Original Mortgage
$400,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 22, 1996
Sold by
Burton Street Associates
Bought by
Haynes Dana
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kimberly First Investment Group Llc | -- | None Listed On Document | |
| Chiang Kevin Meng | $820,000 | Ticor Ttl Orange Cnty Branch | |
| Haynes Dana | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chiang Kevin Meng | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2020 12/18/20 | Sold | $819,850 | -3.5% | $208 / 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
| 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 | $10,709 | $887,429 | $108,242 | $779,187 |
| 2023 | $10,709 | $852,971 | $104,040 | $748,931 |
| 2022 | $9,913 | $836,247 | $102,000 | $734,247 |
| 2021 | $9,734 | $819,850 | $100,000 | $719,850 |
| 2020 | $2,268 | $181,654 | $66,812 | $114,842 |
| 2019 | $2,240 | $178,093 | $65,502 | $112,591 |
| 2018 | $2,211 | $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
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20212140
APN: 143-243-002
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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