NOT LISTED FOR SALE

10880 Wells Ave Riverside, CA 92505

La Sierra Neighborhood

Estimated Value: $653,000 - $901,000

2 Beds
1 Bath
1,978 Sq Ft
$399/Sq Ft Est. Value

Last Sold December 26, 2012

Last sale price $288,000 $146 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $4,525/month

127 Days on Market

About This Home

As of December 2012

Triplex just two blocks from Hole Avenue. Short distance from original Five Points intersection of La Sierra and Pierce. Check with City of Riverside for an update on recent development projects.
Property is also zoned CG Commercial General, allowing for varied commercial usage in the future as the economy grows.
Property falls within the La Sierra/Arlanza Project Area. Contact Development or Listing Agents for additional information.
Present income may be lower than market rents, but is offset by consistently on-time payments by longstanding tenants. See financial attachment in "Supplemnets" for market rent analysis. 3 units at 10980 Wells Ave also for sale. See MLS# I12063484.

Last Agent to Sell the Property

BRENDA ATKINSON

COLDWELL BANKER REALTY License #01254811 Listed on: 05/17/2012

Co-Listed By

Heike Mc Inally

Birgit Enterprises License #01273358

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,302

Year Built

  • Built in 1963

Lot Details

  • 5,663

Parking

  • 4 Parking Spaces

Home Design

  • 1,978 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • 5,663 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 146252001

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Maintenance Expense $450
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,600
  • Gross Income $1,500
  • Net Operating Income $11,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,302

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 6.73
  • Other Phone Description: On File
  • Other Phone Number: On File
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 146252001
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 145.60

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Heating: No

Lot Info

  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 1500.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5663.0000 Square Feet
  • Maintenance Expense: 450.00
  • Net Operating Income: 11750.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 6250.00
  • Operating Expense Percent: 34.72
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3600.00
  • Tax Lot: 1
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2012
Closed on
Nov 16, 2012
Sold by
Rowe Olen P and Rowe Rosemary
Bought by
Duenas Rosa Gomez and Duenas Ernesto A
Seller's Agent
BRENDA ATKINSON
COLDWELL BANKER REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$300,000
Sold Price
$288,000
Premium/Discount to List
-$12,000
-4%
Current Estimated Value
$788,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500,807
Avg. Annual Appreciation
8.86%
Original Mortgage
$216,000
Outstanding Balance
$149,481
Interest Rate
3.27%
Mortgage Type
Commercial
Estimated Equity
$700,670
Source: Public Records

Range of Values:

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Average Value
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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
Duenas Rosa Gomez $288,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duenas Rosa Gomez $216,000
Previous Owner Rowe Olen P $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2012 12/26/12 Sold $288,000 -4.0% $146 / Sq Ft
09/21/2012 09/21/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $300,000 -- $152 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,302 $354,638 $73,877 $280,761
2023 $4,302 $340,868 $71,009 $269,859
2022 $3,983 $334,185 $69,617 $264,568
2021 $3,922 $327,633 $68,252 $259,381
2020 $3,860 $324,275 $67,553 $256,722
2019 $3,810 $317,918 $66,229 $251,689
2018 $3,758 $311,685 $64,932 $246,753
2017 $3,689 $305,574 $63,659 $241,915
2016 $3,629 $299,583 $62,411 $237,172
2015 $3,576 $295,085 $61,475 $233,610
2014 $3,577 $289,307 $60,272 $229,035
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    BRENDA ATKINSON

    COLDWELL BANKER REALTY

  • H

    Seller Co-Listing Agent in 2012

    Heike Mc Inally

    Birgit Enterprises

  • N

    Buyer's Agent in 2012

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,910 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12063503

California Regional Multiple Listing Service (CRMLS)

APN: 146-252-001

California Riverside County Riverside 92505 La Sierra

10880 Wells Ave, Riverside, CA

This home is located at 10880 Wells Ave, Riverside, CA 92505 since 17 May 2012 and is currently estimated at $788,807, approximately $398 per square foot. This property was built in 1963. 10880 Wells Ave is a home located in Riverside County with nearby schools including Myra Linn Elementary School, Arizona Middle School, and La Sierra High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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