NOT LISTED FOR SALE

1186 Fountain St Riverside, CA 92507

Highgrove Neighborhood

Estimated Value: $753,978 - $1,173,000

2 Beds
1 Bath
2,400 Sq Ft
$400/Sq Ft Est. Value

Sale Details

Date Sold: July 20, 2017

Last sale price $450,000 $188 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $5,461 / mo

19 Days on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • No HOA
  • Living Room
  • Tile Flooring

About This Home

As of July 2017

"BACK ON THE MARKET" GREAT LOCATION NEAR I-215 Frwy. Well Established Long Term Tenants. Low Maintenance In Very Good Condition. Each Unit Metered For Gas&Elect. A WONDERFUL OPPORTUNITY FOR THE FIRST TIME INVESTOR TO GENERATE INCOME FROM YOUR INVESTMENT.
THESE UNITS QUALIFY FOR FHA 3.5% DOWN PAYMENT. PERFECT FOR THE INVESTOR WHO WOULD MOVE IN ONE UNIT AND COLLECT RENT ON THE OTHER UNITS. APARTMENT INVESTMENTS ARE THE NEW WAVE FOR THE SAVVY INVESTOR AND AT ENTRY LEVEL PRICING.

Last Agent to Sell the Property

Robert Meadows

METRO ONE PREMIER REALTY License #01395359 Listed on: 05/15/2017

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,050 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Apartment
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Tile Flooring
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Gas Cooktop
  • Formica Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • Parking Available
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Conventional Septic
  • TV Antenna

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 3
  • Tax Tract Number 423
  • Assessor Parcel Number 247091047

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 75 Separate Electric Meters
  • 30 Separate Gas Meters
  • Electric Expense $75
  • Insurance Expense $200,256
  • Trash Expense $100
  • Water Sewer Expense $80
  • New Taxes Expense $2,565
  • Operating Expense $3
  • Gross Income $36,000
  • Net Operating Income $10,995

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

8,050 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 80.00
  • Zoning: R-2
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 247091047
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Formica Counters, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 187.50
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: TV Antenna
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Community
  • Sewer: Conventional Septic
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping, Paved
  • Lot Size Sq Ft: 8050.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 600 Square Feet
  • Electric Expense: 75.00
  • Gross Income: 36000.00
  • Gross Scheduled Income: 3000.00
  • Insurance Expense: 200256.00
  • Net Operating Income: 10995.00
  • Number Of Separate Electric Meters: 75
  • Number Of Separate Gas Meters: 30
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 23451.00
  • Rent Control: No
  • Total Expenses: 3.00
  • Vacancy Allowance Rate: 0.25

Tax Info

  • New Taxes Expense: 2565.00
  • Tax Census Tract: 423.00
  • Tax Lot: 3
  • Tax Tract: 247091047
  • Tax Tract Number: 423

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

Closed on
Sep 28, 2021
Sold by
Bought by
Current Estimated Value
$924,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,321,500
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,680,000
Interest Rate
0.0444%
Mortgage Type
Commercial

Purchase Details

Listed on
May 15, 2017
Closed on
Jun 29, 2017
Sold by
Bought by
Seller's Agent
Robert Meadows
METRO ONE PREMIER REALTY
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$450,900
Sold Price
$450,000
Premium/Discount to List
-$900
-0.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%

Purchase Details

Closed on
Oct 2, 2015
Sold by
Bought by

Purchase Details

Closed on
May 30, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,500
Interest Rate
0.0318%
Mortgage Type
Commercial

Purchase Details

Listed on
May 10, 2011
Closed on
Dec 15, 2011
Sold by
Bought by
Seller's Agent
Jose Heredia
Realty One Group West
Buyer's Agent
Jose Heredia
Realty One Group West
List Price
$299,000
Sold Price
$215,000
Premium/Discount to List
-$84,000
-28.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%
Original Mortgage
$150,500
Interest Rate
0.0388%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
0.025%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 11, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
0.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
0.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2002
Sold by
Bought by

Purchase Details

Closed on
May 25, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 30, 1995
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 1994
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1993
Sold by
Bought by

Purchase Details

Closed on
Jul 28, 1993
Sold by
Bought by
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

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
-- Orange Coast Title
-- Wfg National Title Insurance
$450,000 Orange Coast Title Company O
-- None Available
-- First American Title Company
$215,000 Chicago Title Company
-- Accommodation
$545,000 Advantage Title Inc
-- Fnt
$355,000 Fnt
$175,000 Orange Coast Title
$110,000 Stewart Title Company
-- Stewart Title
-- Stewart Title
-- --
-- Gateway Title Company
$62,000 Fidelity Title
$50,000 Fidelity National Title Ins
$90,914 Chicago Title Company
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
Closed $13,321,500
Closed $3,680,000
Closed $147,500
Closed $150,500
Closed $436,000
Closed $284,000
Closed $25,000
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 Prior Sale
07/20/2017 07/20/17 Sold $450,000 -0.2% $188 / Sq Ft
06/03/2017 06/03/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $450,900 +109.7% $188 / Sq Ft
02/10/2012 02/10/12 Sold $215,000 -28.1% $90 / Sq Ft View Prior Sale
01/27/2012 01/27/12 Pending -- -- --
05/10/2011 05/10/11 For Sale $299,000 -- $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
2025 $5,639 $512,017 $182,050 $329,967
2023 $5,639 $492,137 $174,982 $317,155
2022 $5,490 $482,488 $171,551 $310,937
2021 $5,394 $473,029 $168,188 $304,841
2020 $5,353 $468,180 $166,464 $301,716
2019 $5,253 $459,000 $163,200 $295,800
2018 $5,355 $450,000 $160,000 $290,000
2017 $2,736 $232,679 $126,621 $106,058
2016 $2,566 $228,118 $124,139 $103,979
2015 $2,532 $224,693 $122,275 $102,418
2014 $2,510 $220,294 $119,881 $100,413
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Robert Meadows

    METRO ONE PREMIER REALTY

    (909) 754-2808

    23 Total Sales

    Robert Meadows
    Section Image

  • J

    Seller's Agent in 2012

    Jose Heredia

    Realty One Group West

    (714) 329-0456

    22 Total Sales

    Jose Heredia
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17108685

California Regional Multiple Listing Service (CRMLS)

APN: 247-091-047

California Riverside County Riverside 92507 Highgrove

1186 Fountain St, Riverside, CA

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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