NOT LISTED FOR SALE

11689 Carmine St Riverside, CA 92505

La Sierra Neighborhood

Estimated Value: $601,000 - $742,000

4 Beds
3 Baths
2,010 Sq Ft
$347/Sq Ft Est. Value

Last Sold November 30, 2017

Last sale price $460,000 $229 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,166/month

63 Days on Market

Highlights

  • No HOA
  • Garden
  • No Heating
  • Laundry Room

About This Home

As of November 2017

RARE Single Family Home Plus Duplex. Front house has 2 bedrooms, one bath. Duplex units each have 1 bedroom, one bath. Duplex units stacked.
Front home has been lovingly cared for by Owners who lived there for many years. Tenants in duplex are longstanding tenants. Each unit has it's own electric meter. Water meter shared. RIGHT ACROSS THE STREET FROM THE LA SIERRA UNIVERSITY. Excellent cap rate. Fruit trees in private yard in back.
DRIVE BY ONLY. DOGS ON SITE. INSPECTIONS SCHEDULED WITH ACCEPTED OFFER. KINDLY DO NOT DISTURB THE TENANTS. THANK YOU.

Last Agent to Sell the Property

Heike Mcinally

ACCESS BROKERAGE CORP. License #01273358 Listed on: 07/21/2017

Last Buyer's Agent

Sunshine Coyle-Pardo

RGSC Properties Inc. License #01504416

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Garden

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,010 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 6
  • Tax Tract Number 2345
  • Assessor Parcel Number 141143028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $5,400
  • Operating Expense $8,487
  • Gross Income $38,940
  • Net Operating Income $28,566

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: R1065
  • Property Type: Residential Income
  • Parcel Number: 141143028
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 228.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Lot 6500-9999, Rocks
  • Lot Size Sq Ft: 8712.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Gross Income: 38940.00
  • Gross Scheduled Income: 37053.00
  • Insurance Expense: 1200.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 28566.00
  • 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: 8427.00
  • Operating Expense Percent: 23.06
  • Other Income1: 100.00
  • Rent Control: No
  • Total Expenses: 8487.00

Tax Info

  • New Taxes Expense: 5400.00
  • Tax Census Tract: 409.03
  • Tax Lot: 6
  • Tax Tract Number: 2345

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2017
Closed on
Oct 13, 2017
Sold by
Martinez Alex
Bought by
Martinez Myrna
Seller's Agent
Heike Mcinally
ACCESS BROKERAGE CORP.
Buyer's Agent
Sunshine Coyle-Pardo
RGSC Properties Inc.
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Current Estimated Value
$697,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,274
Avg. Annual Appreciation
5.30%

Purchase Details

Listed on
Jul 21, 2017
Closed on
Oct 3, 2017
Sold by
Davis Frederick and Davis Kim
Bought by
Martinez Myrna
Seller's Agent
Heike Mcinally
ACCESS BROKERAGE CORP.
Buyer's Agent
Sunshine Coyle-Pardo
RGSC Properties Inc.
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Purchase Details

Closed on
Dec 17, 2004
Sold by
Davis Jennifer K and Davis Violette K
Bought by
Davis Frederick and Davis Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,260
Interest Rate
5.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 29, 2003
Sold by
Davis Frederick and Davis Kim
Bought by
Davis Frederick and Davis Kim

Purchase Details

Closed on
Jan 2, 2001
Sold by
Eagler Louis
Bought by
Davis Frederick and Davis Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,466
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 1994
Sold by
Eagler Shirley R
Bought by
Eagler Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
9.29%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Martinez Myrna -- Ticor Title Riverside
Martinez Myrna $460,000 Ticor Title
Davis Frederick -- --
Davis Frederick -- --
Davis Frederick $328,000 Orange Coast Title
Eagler Louis -- First American Title Ins Co
Eagler Louis $133,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Frederick $125,260
Previous Owner Davis Frederick $161,466
Previous Owner Eagler Louis $106,400
Closed Eagler Louis $13,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2017 11/30/17 Sold $460,000 +2.2% $229 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $450,000 0.0% $224 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/21/2017 07/21/17 For Sale $450,000 -- $224 / 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 $6,288 $523,396 $73,956 $449,440
2023 $6,288 $503,074 $71,085 $431,989
2022 $5,818 $493,211 $69,692 $423,519
2021 $5,720 $483,541 $68,326 $415,215
2020 $5,628 $478,584 $67,626 $410,958
2019 $5,555 $469,200 $66,300 $402,900
2018 $5,477 $460,000 $65,000 $395,000
2017 $2,577 $212,906 $71,397 $141,509
2016 $2,535 $208,733 $69,998 $138,735
2015 $2,498 $205,600 $68,948 $136,652
2014 $2,489 $201,575 $67,599 $133,976
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2017

    Heike Mcinally

    ACCESS BROKERAGE CORP.

    (800) 764-2284

    1 in this area

    4 Total Sales

    Heike Mcinally
    Section Image
  • Sunshine Coyle-Pardo

    Buyer's Agent in 2017

    Sunshine Coyle-Pardo

    RGSC Properties Inc.

    (626) 676-4964

    37 Total Sales

    Sunshine Coyle-Pardo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17167911

California Regional Multiple Listing Service (CRMLS)

APN: 141-143-028

California Riverside County Riverside 92505 La Sierra

11689 Carmine St, Riverside, CA

Not Listed for Sale

MultiFamily

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