NOT LISTED FOR SALE
16 Beds
16 Baths
22,339 Sq Ft
0.55 Acre Lot

Sale Details

Date Sold: June 9, 2015

Last sale price $2,850,000 $128 Per Sq Ft

8 Days on Market

Highlights

  • Gunite Pool
  • Contemporary Architecture
  • Balcony
  • 0.56 Acre Lot
  • No HOA
  • Tile Countertops

About This Home

As of June 2015

Silverwood Apartments: Ideally located within walking distance to UC Riverside. Exceptional investment opportunity can add an additional 24 units to the portfolio with the purchase of property at 1177 W. Linden St! This is a well established building that is well taken care of. Exterior painting was recently completed and landscaping upgraded. All the units are currently rented. These units are larger in square footage than those in surrounding units. Property has 22 units with 3 non conforming units for added income. Covered parking, twenty two tuck under parking spaces with two open spaces. Overnight street parking is allowed. Two separate laundry rooms with coin operated equipment. Laundry equipment is on a month to month contract. Two central hot water heaters with individual gas and electric meters, expect for the non conforming units. Fenced swimming pool located in the center of the property. Property is secure with fencing and self closing gates.
Interiors include: Central heat, wall air conditioners, dishwashers, garbage disposals, gas stoves and refrigerators. All two and three bedroom units have two baths each.

Last Agent to Sell the Property

Rick Peterson

MR. REAL ESTATE License #00648356 Listed on: 03/12/2015

Last Buyer's Agent

Sean Montgomery

Montgomery & Associates R.E. License #01221046

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 24,159 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Block Wall Fence
  • Landscaped
  • Sprinkler System

Parking

  • 5 Car Garage
  • 17 Carport Spaces
  • Parking Available
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking
  • Community Parking Structure

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 22,339 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Separate Family Room

Kitchen

  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Converted Bedroom
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Accessible Home Design

  • More Than Two Accessible Exits

Pool

  • Gunite Pool
  • Fence Around Pool
  • Pool Tile

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Heating System Uses Natural Gas
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 2350
  • Assessor Parcel Number 250212011

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 22 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 25 Leased Units
  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,000
  • Gardener Expense $1,290
  • Insurance Expense $6,553
  • Maintenance Expense $13,555
  • Pest Control $1,900
  • Pool Expense $1,200
  • Professional Management Expense $13,876
  • Supplies Expense $8,954
  • Trash Expense $2,160
  • Water Sewer Expense $12,000
  • New Taxes Expense $30,260
  • Gross Income $24,268
  • Net Operating Income $163,436

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.55 Acres

Parking

5

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 13876.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Supplies Expense: 8954.00
  • Water Sewer Expenses: 12000.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1290.00
  • Parcel Number: 250212011
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s), Copper Plumbing Full, Formica Counters, Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 127.58
  • Room Type: Converted Bedroom, Master Bedroom, Separate Family Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Expense: 1200.00
  • Pool Features: Community, Fenced, Gunite, Tile
  • Pool Private: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 17.00
  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Covered, Off Street, Parking Space, Structure
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Range Hood, Refrigerator
  • Heating Type: Central, Natural Gas
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 1900.00
  • Trash Expense: 2160.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Landscaped, Lot 20000-39999 Sqft, Sprinkler System, Utilities - Overhead
  • Lot Size Sq Ft: 24159.00
  • Lot Size Acres: 0.5550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 690
  • Average2 Bed Area: 1050
  • Average3 Bed Area: 1348
  • Average Studio Area: 442
  • Electric Expense: 4000.00
  • Gross Income: 24268.00
  • Gross Scheduled Income: 291216.00
  • Insurance Expense: 6553.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 24159.0000 Square Feet
  • Maintenance Expense: 13555.00
  • Net Operating Income: 163436.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 25
  • Number Of Units Total: 22
  • Number With Carpet: 25
  • Number With Dishwasher: 22
  • Number With Disposal: 22
  • Number With Drapes: 25
  • Number With Patio: 22
  • Number With Range: 25
  • Number With Refrigerator: 25
  • Operating Expense: 114088.00
  • Other Income Description: 3 non conforming units
  • Rent Control: No
  • Total Actual Rent: 24268.00

Tax Info

  • New Taxes Expense: 30260.00
  • Tax Lot: 25
  • Tax Tract Number: 2350
  • Tax Year: 2014

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
Mar 12, 2015
Closed on
May 14, 2015
Sold by
Brink Vincent L and Brink Cindy J
Bought by
Seller's Agent
Rick Peterson
MR. REAL ESTATE
Buyer's Agent
Sean Montgomery
Montgomery & Associates R.E.
List Price
$2,800,000
Sold Price
$2,850,000
Premium/Discount to List
$50,000
1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,137,500
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 8, 2006
Sold by
Wojcik Russell D and Wojcik Adele L
Bought by
Wojcik Russell D and Wojcik Adele L

Purchase Details

Closed on
Jul 17, 2003
Sold by
Tritsch David G
Bought by
Brink Vincent I and Brink Cindy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,800
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2000
Sold by
Palestine Jamie
Bought by
Palestine Jamie
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,850,000 Fidelity National Title Co
Wojcik Russell D -- None Available
Brink Vincent I -- None Available
Brink Vincent I $1,939,000 Commonwealth Land Title Co
Palestine Jamie -- Orange Coast Title
Tritsch David G $65,000 Orange Coast Title
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 $5,500,000
Closed Ccn Enterprises Lp $1,000,000
Closed Ccn Enterprises Lp $4,202,000
Closed Ccn Enterprises Lp $2,137,500
Previous Owner Wojcik Russell D $1,340,500
Previous Owner Wojcik Russell D $1,515,000
Previous Owner Brink Vincent I $1,550,800
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
06/09/2015 06/09/15 Sold $2,850,000 +1.8% $128 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $2,800,000 -- $125 / 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 $38,773 $3,493,768 $612,938 $2,880,830
2025 $37,512 $3,425,264 $600,920 $2,824,344
2023 $37,512 $3,292,259 $577,587 $2,714,672
2022 $36,668 $3,227,706 $566,262 $2,661,444
2021 $36,070 $3,164,418 $555,159 $2,609,259
2020 $35,800 $3,131,972 $549,467 $2,582,505
2019 $35,130 $3,070,562 $538,694 $2,531,868
2018 $34,450 $3,010,356 $528,132 $2,482,224
2017 $33,842 $2,951,330 $517,777 $2,433,553
2016 $31,678 $2,893,462 $507,625 $2,385,837
2015 $20,517 $1,848,000 $210,000 $1,638,000
2014 $19,770 $1,760,000 $200,000 $1,560,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV15055060

California Regional Multiple Listing Service (CRMLS)

APN: 250-212-011

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