NOT LISTED FOR SALE
5 Beds
4 Baths
2,400 Sq Ft
7,405 Sq Ft Lot

Last Sold March 11, 2022

Last sale price $665,000 $277 Per Sq Ft

13 Days on Market

Highlights

  • Dual Staircase
  • Corner Lot
  • Carpet
  • Contemporary Architecture
  • Forced Air Heating System

About This Home

As of March 2022

Great opportunity for first time home buyers or investors, in the heart of Riverside conveniently located close to freeways, 215, 10 and 15, a couple of miles North the Box Spring Mountain Reserve Park is located, Grand Terrace High School and Groceries stores. 3 units have one bedroom and one bathroom, the fourth unit has 2 bedroom and one bath, it is located in separate building on above the 4 garages (see photos), there are 5 open parking spaces on the back of the building accessed through the alley. Drive by only. Seller will not do any repair except those required by the lender - Seller will not as the tenants to vacate the apartments. – PROPERTY IS SOLD AS IS - – PROPERTY IS SOLD AS IS - – PROPERTY IS SOLD AS IS -– PROPERTY IS SOLD AS IS – DO NOT DISTURBE THE TENANTS- DRIVE BY ONLY-

Last Agent to Sell the Property

Kenneth Conejo

Kenneth Conejo, Broker License #01062524 Listed on: 02/03/2022

Last Buyer's Agent

Kenneth Conejo

Kenneth Conejo, Broker License #01062524 Listed on: 02/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,511

Year Built

  • Built in 1957

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Single Garage Door

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • Dual Staircase

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Forced Air Heating System
  • Cesspool

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 2
  • Assessor Parcel Number 247081011
  • $1 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,487
  • Maintenance Expense $2,040
  • Supplies Expense $450
  • Trash Expense $660
  • Water Sewer Expense $1,200
  • Operating Expense $5,837
  • Gross Income $46,452
  • Net Operating Income $38,952

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,511

Year Built

Built in 1957

Lot Details

7,405 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Supplies Expense: 450.00
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Contemporary
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 247081011
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One, Two
  • Price Per Square Foot: 277.08

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central, Forced Air
  • Sewer: Cesspool
  • Trash Expense: 660.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Level
  • Lot Size: 7405
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

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

Multi Family

  • Gross Operating Income: 46452.00
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 1487.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 2040.00
  • Net Operating Income: 38952.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Operating Expense: 7500.00
  • Rent Control: No
  • Total Expenses: 5837.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 0423.00
  • Tax Lot: 2
  • Tax Rate: 88044.00
  • Tax Tract Number: unk...
  • Tax Annual Amount: 5511.08
  • TaxOtherAnnualAssessmentAmount: 1.00
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2022 03/11/22 Sold $665,000 -1.5% $277 / Sq Ft
02/24/2022 02/24/22 For Sale $675,000 +1.5% $281 / Sq Ft
02/17/2022 02/17/22 Off Market $665,000 -- --
02/16/2022 02/16/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $675,000 0.0% $281 / Sq Ft
02/03/2022 02/03/22 For Sale $675,000 -- $281 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,725 $705,702 $196,323 $509,379
2023 $7,725 $678,300 $188,700 $489,600
2022 $5,615 $493,212 $198,357 $294,855
2021 $5,511 $483,542 $194,468 $289,074
2020 $5,469 $478,584 $192,474 $286,110
2019 $5,367 $469,200 $188,700 $280,500
2018 $7,363 $460,000 $185,000 $275,000
2017 $6,945 $432,887 $173,154 $259,733
2016 $6,536 $220,501 $73,868 $146,633
2015 $2,376 $210,000 $70,350 $139,650
2014 $2,292 $200,000 $67,000 $133,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG22021115

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.