Adel Hamad
Lifetime Realty Inc
(424) 396-0586
24 Total Sales
1 in University
$114,000 Price
1421 Seventh St Riverside, CA 92507
University Neighborhood
7
Beds
6
Baths
16,828
Sq Ft
0.38
Acre Lot
Highlights
- 0.38 Acre Lot
- Landscaped
- Laundry Facilities
- Community Pool
About This Home
As of January 2020University Court is a 17-unit multifamily investment property located at 1415 - 1421 7th Street, Riverside, CA. Situated on a 0.38-acre lot, University Court consists of one-, two-, and three-bedroom units and offers amenities including gated access as well as a gated swimming pool, on-site laundry, and carport and garage parking.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 09/12/2019
Co-Listed By
Alex Garcia
MARCUS & MILLICHAP License #01072982
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 09/12/2019
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Property Details
Home Type
- Apartment
Year Built
- Built in 1964
Lot Details
- 16,553 Sq Ft Lot
- No Common Walls
- Landscaped
- 250190018
Parking
- 14 Open Parking Spaces
- 2 Car Garage
- 2 Carport Spaces
Home Design
- 16,828 Sq Ft Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 2223
- Assessor Parcel Number 250190017
Community Details
Overview
- 2 Buildings
- 17 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 17 Leased Units
- 1 Separate Water Meter
- Electric Expense $3,959
- Fuel Expense $3,959
- Insurance Expense $4,250
- Maintenance Expense $20,400
- Other Expense $19,810
- Professional Management Expense $10,535
- Trash Expense $3,960
- Water Sewer Expense $3,960
- New Taxes Expense $29,713
- Operating Expense $117,121
- Gross Income $234,120
- Net Operating Income $105,701
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
Nov 6, 2019
Sold by
Deshmukh Rajeshwari and Rajeshwari Deshmukh Family Tru
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
$1,350,000
Interest Rate
3.7%
Mortgage Type
Construction
Purchase Details
Closed on
Apr 19, 2006
Sold by
Landmark Equity Fund 114 Llc
Bought by
Deshmukh Rajeshwari and Rajeshwari Deshmukh Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,075,000
Interest Rate
6.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 19, 2002
Sold by
Fung Sun Yiu and Fung Helen W
Bought by
Downard Gary and Downard Teresa L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$727,500
Interest Rate
5.5%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in University, CA
-
Adel Hamad
-
ROBERT WATKINS
ROBERT WATKINS
RE/MAX TIME REALTY
(909) 406-2551
77 Total Sales
3 in University
$255K - $565K Price Range
-
Alan Cirson
Alan Cirson
The Cirson Team
(949) 569-5527
65 Total Sales
1 in University
$660,000 Price
-
Josephine Sharma
Josephine Sharma
LEGACY HOMES REALTY
(951) 463-4738
62 Total Sales
2 in University
$580,000 Price Range
-
Laura McKinney
Laura McKinney
KELLER WILLIAMS RIVERSIDE CENT
(951) 386-2447
47 Total Sales
1 in University
$310,000 Price
-
Yescenia Osorio
Yescenia Osorio
VISMAR REAL ESTATE
(877) 890-9870
73 Total Sales
1 in University
$38,600 Price
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 |
|---|---|---|---|
| $2,600,000 | Chicago Title Company | ||
| Deshmukh Rajeshwari | -- | Fidelity National Title Co | |
| Downard Gary | $970,000 | Commonwealth Land Title Co |
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 |
|---|---|---|---|
| Previous Owner | $1,350,000 | ||
| Previous Owner | Deshmukh Rajeshwari | $1,088,750 | |
| Previous Owner | Deshmukh Rajeshwari | $1,075,000 | |
| Previous Owner | Downard Gary | $727,500 |
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 |
|---|---|---|---|---|
| 01/29/2020 01/29/20 | Sold | $2,600,000 | 0.0% | $155 / Sq Ft |
| 09/23/2019 09/23/19 | Off Market | $2,600,000 | -- | -- |
| 09/12/2019 09/12/19 | For Sale | $2,600,000 | -- | $155 / 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 |
|---|---|---|---|---|
| 2026 | $15,870 | $1,450,167 | $228,677 | $1,221,490 |
| 2025 | $15,346 | $1,421,734 | $224,194 | $1,197,540 |
| 2023 | $15,346 | $1,366,529 | $215,490 | $1,151,039 |
| 2022 | $14,996 | $1,339,735 | $211,265 | $1,128,470 |
| 2021 | $14,759 | $1,313,467 | $207,123 | $1,106,344 |
| 2020 | $9,691 | $856,800 | $147,900 | $708,900 |
| 2019 | $9,507 | $840,000 | $145,000 | $695,000 |
| 2018 | $9,505 | $840,000 | $145,000 | $695,000 |
| 2017 | $9,063 | $619,500 | $147,000 | $472,500 |
| 2016 | $8,216 | $619,500 | $147,000 | $472,500 |
| 2015 | $6,404 | $590,000 | $140,000 | $450,000 |
| 2014 | $6,469 | $590,000 | $140,000 | $450,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2020
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
170 Total Sales
-
AG
Seller Co-Listing Agent in 2020
Alex Garcia
MARCUS & MILLICHAP
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19218684
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.
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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