NOT LISTED FOR SALE

Estimated Value: $978,000 - $1,146,000

3 Beds
2 Baths
3,300 Sq Ft
$316/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $832,000 $252 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,256/month

8 Days on Market

Highlights

  • Gated Parking
  • 4 Car Direct Access Garage
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Level Lot

About This Home

As of April 2021

INVESTORS DREAM PROPERTY! LOCATION, LOCATION, LOCATION!! 100% Occupied Riverside Fourplex. All tenants are currently paying full rent and are on month to month rental agreements. This will allow a buyer the flexibility to increase rents in the near future if they wish. This property is located within 1 mile of both the Tyler Galleria and Kaiser hospital. This property is a four unit property with two 2 bd. 1 ba. units on the ground floor, and at the rear of the property are two 1 bd. 1 ba. units upstairs. Each unit comes with a single car attached garage which is located in the rear of the property. A vehicle can also be parked directly in the back of tenants' assigned garage for additional parking. The garages are in an alley that is gated by the River Glen Apartments. The new owners can join the River Glen Apartments Association for a dollar amount that is up to the association. This would allow your tenants to be able to use the River Glen Apartments swimming pool, bringing even more value to your units. Tenants are responsible for their own gas, electric. The owner pays for common area electric and water. A washer and Dryer are in the garage and are coin operated and owned by an outside vendor. This would be an additional income stream for the new owner if they wanted to operate this on their own in the future. Recent upgrades include a brand new roof, newly painted fascia board. Bring your investors!! Listing agent is related to sellers.

Last Agent to Sell the Property

Ryan Robson

U.S. Real Estate Services, Inc License #01261783 Listed on: 02/26/2021

Last Buyer's Agent

TYLER HUNGERFORD

KELLER WILLIAMS RIVERSIDE CENT License #02021574

KELLER WILLIAMS RIVERSIDE CENT

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Gated Parking

Home Design

  • Composition Roof

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 414
  • Assessor Parcel Number 143242002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $2,000
  • Maintenance Expense $700
  • Water Sewer Expense $840
  • New Taxes Expense $9,444
  • Operating Expense $13,494
  • Gross Income $52,800
  • Net Operating Income $39,306

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

7,405 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 840.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 143242002
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 252.12

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Faces Rear, Garage - Single Door, Gated
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 52800.00
  • Gross Operating Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 700.00
  • Net Operating Income: 39306.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 13494.00
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 13494.00

Tax Info

  • New Taxes Expense: 9444.00
  • Tax Census Tract: 414.07
  • Tax Lot: 39
  • Tax Tract Number: 0414

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2021
Closed on
Mar 8, 2021
Sold by
Garyn Properties Llc
Bought by
Nashed Mark and Nashed Marlene
Seller's Agent
Ryan Robson
U.S. Real Estate Services, Inc
Buyer's Agent
TYLER HUNGERFORD
KELLER WILLIAMS RIVERSIDE CENT
List Price
$799,999
Sold Price
$832,000
Premium/Discount to List
$32,001
4%
Current Estimated Value
$1,041,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,790
Avg. Annual Appreciation
4.72%
Original Mortgage
$624,000
Outstanding Balance
$561,249
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$480,541

Purchase Details

Closed on
Sep 25, 2009
Sold by
Robson Gary M
Bought by
Garyn Properties Llc

Purchase Details

Closed on
May 31, 2009
Sold by
Robson Charlene
Bought by
Robson Gary M

Purchase Details

Closed on
May 29, 2009
Sold by
Wells Fargo Bank Na
Bought by
Robson Gary M

Purchase Details

Closed on
Nov 5, 2008
Sold by
Aguilar Pedro
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 20, 2004
Sold by
Aguilar Emma G
Bought by
Aguilar Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,600
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2003
Sold by
Aguilar Julio C and Aguilar Pedro
Bought by
Aguilar Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2001
Sold by
Corral Eduardo and Martinez Jose Dejesus
Bought by
Aguilar Julio C and Aguilar Pedro

Purchase Details

Closed on
Oct 2, 2000
Sold by
Aguilar Pedro
Bought by
Tirado Eduardo Corral and Martinez Jose Dejesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,405
Interest Rate
7.71%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 2000
Sold by
Aguilar Pedro and Bonilla Hector
Bought by
Aguilar Pedro

Purchase Details

Closed on
Oct 4, 1999
Sold by
Celestino Mendoza and Celestino Silvestre
Bought by
Aguilar Pedro and Bonilla Hector

Purchase Details

Closed on
May 7, 1998
Sold by
Haldeman Julia G and Haldeman John John
Bought by
Mendoza Celestino and Pineda Silvestre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,632
Interest Rate
6.92%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nashed Mark $832,000 Fidelity National Title Co
Garyn Properties Llc -- None Available
Robson Gary M -- Ticor Title Company Of Ca
Robson Gary M $182,000 Ticor Title Company Of Ca
Wells Fargo Bank Na $546,579 None Available
Aguilar Pedro -- Ticor Title Company Of Ca
Aguilar Pedro -- First American Title Co
Aguilar Julio C -- --
Tirado Eduardo Corral $195,000 Fidelity National Title
Aguilar Pedro -- --
Aguilar Pedro -- --
Mendoza Celestino $147,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nashed Mark $624,000
Previous Owner Aguilar Pedro $365,600
Previous Owner Aguilar Pedro $264,000
Previous Owner Tirado Eduardo Corral $193,405
Previous Owner Mendoza Celestino $144,632
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2021 04/12/21 Sold $832,000 +4.0% $252 / Sq Ft
02/26/2021 02/26/21 For Sale $799,999 -- $242 / 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 $10,865 $900,581 $162,364 $738,217
2023 $10,865 $865,612 $156,060 $709,552
2022 $10,057 $848,640 $153,000 $695,640
2021 $2,759 $222,581 $90,067 $132,514
2020 $2,716 $220,300 $89,144 $131,156
2019 $2,682 $215,982 $87,397 $128,585
2018 $2,647 $211,748 $85,684 $126,064
2017 $2,600 $207,597 $84,004 $123,593
2016 $2,559 $203,527 $82,357 $121,170
2015 $2,522 $200,471 $81,121 $119,350
2014 $2,513 $196,546 $79,533 $117,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21040446

California Regional Multiple Listing Service (CRMLS)

APN: 143-242-002

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