Seller's Agent in 2018
Kevin Lee
Berkshire Hathaway HomeServices California Properties
(626) 975-2521
80 Total Sales
1162 Fountain St Riverside, CA 92507
Highgrove NeighborhoodEstimated Value: $690,000 - $941,000
5
Beds
4
Baths
2,600
Sq Ft
$315/Sq Ft
Est. Value
Highlights
- No HOA
- Tile Flooring
- Wall Furnace
- Cul-De-Sac
- 4 Attached Carport Spaces
About This Home
As of November 20184 units Complex for Sale. Very attractive unit mix with 1 unit – 2 Bedroom/1 Bath and 3 units – 1 Bedroom/1 Bath. This is an extremely rare investment offers Over 6% CAP Rate. Great cash flow. Amazing upside potential with all units individually metered for electricity and gas. Great additional carport parking in the back of the building. Property does have septic tank system and it was upgraded in 2015. The property is located 3 miles from University California of Riverside (UCR) while also only less than a mile from the Grand Terrace High School. This excellent location is perfectly situated near the 215 & 60 FWY. Nestled off the 215 FWY in between the 10 & 60 FWY, this property is very commuter friendly. Just 3 miles from University California of Riverside, this is a highly desirable student rental area.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01720786 Listed on: 10/15/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,532
Year Built
- Built in 1968
Lot Details
- 7,928 Sq Ft Lot
- No Common Walls
- Cul-De-Sac
Home Design
- Quadruplex
Interior Spaces
- 2,600 Sq Ft Home
- Tile Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- 4 Attached Carport Spaces
- Parking Available
Utilities
- Wall Furnace
- Natural Gas Connected
- Conventional Septic
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 5
- Assessor Parcel Number 247091049
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $304
- Insurance Expense $1,034
- Maintenance Expense $1,222
- Trash Expense $375
- Water Sewer Expense $610
- New Taxes Expense $5,456
- Operating Expense $9,001
- Gross Income $37,200
- Net Operating Income $27,083
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 24, 2021
Sold by
Golden Opportunity No 28 Lp
Bought by
Illidan 28 Lp
Current Estimated Value
Purchase Details
Listed on
Oct 15, 2018
Closed on
Nov 12, 2018
Sold by
R & T Enterprises Inc
Bought by
Golden Opportunity 28 Lp
Seller's Agent
Kevin Lee
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$485,000
Sold Price
$450,000
Premium/Discount to List
-$35,000
-7.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Purchase Details
Closed on
Dec 20, 2013
Sold by
Babb Sherry
Bought by
R & T Enterprises Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 11, 2013
Sold by
Tomblin David L and Tomblin Ann M
Bought by
Babb Sherry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 2, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Tomblin David L and Tomblin Ann M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.41%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 3, 2008
Sold by
Carrera Isabel Rosas
Bought by
Deutsche Bank National Trust Co
Purchase Details
Closed on
Aug 31, 2006
Sold by
Carrera Isabel R
Bought by
Garcia Jose
Purchase Details
Closed on
Dec 1, 2004
Sold by
Medrano Octavio and Guzman Ana
Bought by
Carrera Isabel Rosas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
7.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 26, 2003
Sold by
Medrano Octavio
Bought by
Medrano Octavio and Guzman Ana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 6, 2003
Sold by
Diaz Peggy
Bought by
Medrano Octavio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 31, 2003
Sold by
Medrano Lilia
Bought by
Medrano Octavio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 8, 2002
Sold by
Murken Richard
Bought by
Diaz Peggy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,492
Interest Rate
6.84%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 27, 2001
Sold by
Lugo Land Corp
Bought by
Murken Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 11, 2000
Sold by
Ocwen Financial Services Inc
Bought by
Lugo Land Corp
Purchase Details
Closed on
Oct 28, 1999
Sold by
Bell Brenda
Bought by
Ocwen Financial Services Inc
Purchase Details
Closed on
Apr 15, 1998
Sold by
Grange Phillip G
Bought by
Bell Brenda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 18, 1997
Sold by
Garrison Wiehe Lynne
Bought by
Pff Bank & Trust
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 |
|---|---|---|---|
| Illidan 28 Lp | -- | Orange Coast Title Co | |
| Golden Opportunity 28 Lp | $450,000 | Wfg Title Company | |
| R & T Enterprises Inc | -- | Accommodation | |
| Babb Sherry | $285,000 | Pacific Coast Title Company | |
| Tomblin David L | $200,000 | Nations | |
| Deutsche Bank National Trust Co | $368,000 | Accommodation | |
| Garcia Jose | -- | Accommodation | |
| Carrera Isabel Rosas | $840,000 | Old Republic Title | |
| Medrano Octavio | -- | -- | |
| Medrano Octavio | $245,000 | Fidelity National Title Co | |
| Medrano Octavio | -- | Fidelity National Title | |
| Diaz Peggy | $161,000 | Landsafe Title | |
| Murken Richard | $125,000 | Fidelity National Title Co | |
| Lugo Land Corp | $27,500 | Fidelity National Title | |
| Ocwen Financial Services Inc | $100,996 | Chicago Title Co | |
| Bell Brenda | $145,000 | First American Title Co | |
| Pff Bank & Trust | $103,974 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Babb Sherry | $199,500 | |
| Previous Owner | Babb Sherry | $199,500 | |
| Previous Owner | Tomblin David L | $243,200 | |
| Previous Owner | Tomblin David L | $300,000 | |
| Previous Owner | Carrera Isabel Rosas | $378,000 | |
| Previous Owner | Medrano Octavio | $196,000 | |
| Previous Owner | Diaz Peggy | $157,984 | |
| Previous Owner | Diaz Peggy | $158,492 | |
| Previous Owner | Murken Richard | $100,000 | |
| Previous Owner | Bell Brenda | $23,405 | |
| Previous Owner | Bell Brenda | $46,834 | |
| Previous Owner | Bell Brenda | $100,000 | |
| Previous Owner | Grange Phillip | $42,000 | |
| Previous Owner | Grange Philip | $20,000 | |
| Closed | Murken Richard | $12,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/15/2018 11/15/18 | Sold | $450,000 | -7.2% | $173 / Sq Ft |
| 11/09/2018 11/09/18 | Pending | -- | -- | -- |
| 10/15/2018 10/15/18 | For Sale | $485,000 | -- | $187 / 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 | $5,532 | $501,979 | $167,325 | $334,654 |
| 2023 | $5,532 | $489,600 | $163,200 | $326,400 |
| 2022 | $5,463 | $480,000 | $160,000 | $320,000 |
| 2021 | $5,292 | $463,755 | $154,585 | $309,170 |
| 2020 | $5,251 | $459,000 | $153,000 | $306,000 |
| 2019 | $5,154 | $450,000 | $150,000 | $300,000 |
| 2018 | $3,560 | $307,043 | $134,668 | $172,375 |
| 2017 | $3,498 | $301,024 | $132,028 | $168,996 |
| 2016 | $3,277 | $295,123 | $129,440 | $165,683 |
| 2015 | $3,235 | $290,693 | $127,497 | $163,196 |
| 2014 | $3,205 | $285,000 | $125,000 | $160,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2018
Peggy Hsiao
High Ten Partners, Inc.
(626) 445-6660
11 Total Sales
-
C
Buyer's Agent in 2018
Christopher Dumayas
MZ BROKERAGE INC.
(626) 676-5090
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR18250969
APN: 247-091-049
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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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