NOT LISTED FOR SALE
15 Beds
12 Baths
7,831 Sq Ft
0.32 Acres

Last Sold December 27, 2023

Last sale price $2,205,000 $282 Per Sq Ft

106 Days on Market

Highlights

  • Golf Course Community
  • Laundry Room
  • Bike Trail

About This Home

As of December 2023

Rare Opportunity to own this Multi Family in Riverside. First time in market in almost 50 years. Strategic location. Close to UC Riverside, shopping centers, restaurants & adjacent to Canyon Crest Country Club Course with exceptional views form 5 of 7 units. Most recent renovations are as follows: New landscaping, Newer water heater, New gas lines ( 5 months ago ), Newer roof ( welded down ), 3 of 7 units recently renovated, New paintings of moldings, frames, doors, fences, balconies, railings and parking resealed and painted completely.

Last Agent to Sell the Property

Paul Sarkissian

So-Cal Realty License #01452059 Listed on: 08/23/2023

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 7,831 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 12 Bathrooms

Listing and Financial Details

  • Tax Lot 54
  • Tax Tract Number 3164
  • Assessor Parcel Number 254162008
  • $291 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 7 Units

Recreation

  • Golf Course Community
  • Bike Trail

Building Details

  • 5 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $689
  • Fuel Expense $5,000
  • Insurance Expense $4,488
  • Professional Management Expense $8,636
  • Trash Expense $2,588
  • Water Sewer Expense $1,398
  • Operating Expense $22,799
  • Gross Income $160,037
  • Net Operating Income $107,429

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

7

Listing Details

  • Professional Management Expense: 8636.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1398.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 254162008
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 281.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2588.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Golf, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 13939.00
  • Lot Size Acres: 0.3200

Multi Family

  • Electric Expense: 689.00
  • Fuel Expense: 5000.00
  • Gross Income: 160037.00
  • Gross Scheduled Income: 160037.00
  • Insurance Expense: 4488.00
  • Lot Size Area: 13939.0000 Square Feet
  • Net Operating Income: 107429.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 5
  • Number Of Units Total: 7
  • Operating Expense: 52607.00
  • Rent Control: Yes
  • Total Expenses: 22799.00

Tax Info

  • Tax Census Tract: 422.06
  • Tax Lot: 54
  • Tax Tract Number: 3164
  • TaxOtherAnnualAssessmentAmount: 291.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2023 12/27/23 Sold $2,205,000 -11.6% $282 / Sq Ft
11/06/2023 11/06/23 Price Changed $2,495,000 -3.9% $319 / Sq Ft
10/19/2023 10/19/23 Price Changed $2,595,000 -3.7% $331 / Sq Ft
09/27/2023 09/27/23 Price Changed $2,695,000 -6.9% $344 / Sq Ft
08/23/2023 08/23/23 For Sale $2,895,000 0.0% $370 / Sq Ft
05/20/2019 05/20/19 Rented $1,800 0.0% --
04/30/2019 04/30/19 For Rent $1,800 0.0% --
04/29/2019 04/29/19 Off Market $1,800 -- --
04/18/2019 04/18/19 For Rent $1,800 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD23158084

California Regional Multiple Listing Service (CRMLS)

APN: 254-162-008