NOT LISTED FOR SALE

1428 Villa St Riverside, CA 92507

Highgrove Neighborhood

Estimated Value: $536,000 - $691,000

4 Beds
2 Baths
1,372 Sq Ft
$452/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $289,900 $211 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,521/month

92 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Wall Furnace
  • More Than Two Accessible Exits

About This Home

As of October 2016

Riverside duplex property, live in one rent the other or rent them both. Good cash flow after increasing rent. Home is sold with a extra lot for a total of 15681 sq ft that's included already in the price. Extra parcel is in the back of the units, Parcel # is 247-072-006. Possible to add on extra unit or units, buyer to verify with city planning. Each unit is 2 bedrooms with 1 bath each, both have laundry areas. Front unit has been remodeled with in the last 3 years, newer kitchen cabinets, newer laminate wood flooring, mirrored closet doors and indoor laundry in front unit. Each unit has 1 car garage, rear unit has been painted in the bathroom and has new vanity. Rents are low and can be increased, easy access to local freeway.

Last Agent to Sell the Property

Jorge Chavez

Synergy Real Estate License #01189482 Listed on: 06/07/2016

Last Buyer's Agent

Xiomara Vasquez

Century 21 Masters License #01730096

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.36 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre
  • 247072006

Parking

  • 2 Car Garage

Home Design

  • 1,372 Sq Ft Home
  • Composition Roof

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Conventional Septic

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 56
  • Tax Tract Number 423
  • Assessor Parcel Number 247072003

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $535
  • Trash Expense $715
  • Water Sewer Expense $953
  • New Taxes Expense $2,950
  • Gross Income $1,650
  • Net Operating Income $12,077

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 953.00
  • Property Type: Residential Income
  • Parcel Number: 247072003
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: 2+ Access Exits
  • Levels: One
  • Price Per Square Foot: 211.30

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage, Inside, Individual Room
  • Sewer: Conventional Septic
  • Trash Expense: 715.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 247072006
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15681.00
  • Price Per Lot Square Foot: 18.49

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 1650.00
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 535.00
  • Net Operating Income: 12077.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7723.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2950.00
  • Tax Lot: 56
  • Tax Tract Number: 423

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2021
Sold by
Guerrero Edgar A Perez and Guerrero Edgar Alejandro
Bought by
Guerrero Edgar A Perez
Current Estimated Value
$620,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Outstanding Balance
$252,650
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$367,350

Purchase Details

Listed on
Jun 7, 2016
Closed on
Sep 14, 2016
Sold by
Chavez Ezequiel and Chavez Eva
Bought by
Guerrero Edgar Alejandro Perez
Seller's Agent
Jorge Chavez
Synergy Real Estate
Buyer's Agent
Xiomara Vasquez
Century 21 Masters
List Price
$295,000
Sold Price
$289,900
Premium/Discount to List
-$5,100
-1.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.62%
Original Mortgage
$284,648
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 2003
Sold by
Chavez Ezequiel and Chavez Eva
Bought by
Chavez Ezequiel and Chavez Eva

Purchase Details

Closed on
May 15, 2003
Sold by
Padilla Jose M and Padilla Maria G
Bought by
Chavez Ezequiel and Chavez Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2002
Sold by
Padilla Jose M and Padilla Maria G
Bought by
Padilla Jose M and Padilla Maria G
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
Guerrero Edgar A Perez -- Provident Title
Guerrero Edgar Alejandro Perez $290,000 Corinthian Title Company
Chavez Ezequiel -- --
Chavez Ezequiel $140,000 Orange Coast Title Co
Padilla Jose M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerrero Edgar A Perez $306,000
Previous Owner Guerrero Edgar Alejandro Perez $284,648
Previous Owner Chavez Ezequiel $112,000
Closed Chavez Ezequiel $14,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $289,900 -1.7% $211 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $295,000 -- $215 / 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 $3,379 $301,629 $58,026 $243,603
2023 $3,379 $289,919 $55,774 $234,145
2022 $3,291 $284,235 $54,681 $229,554
2021 $3,234 $278,662 $53,609 $225,053
2020 $3,210 $275,806 $53,060 $222,746
2019 $3,151 $270,399 $52,020 $218,379
2018 $3,090 $265,098 $51,000 $214,098
2017 $3,037 $259,900 $50,000 $209,900
2016 $2,686 $239,679 $73,696 $165,983
2015 $2,651 $236,081 $72,590 $163,491
2014 $2,289 $200,000 $60,000 $140,000
Source: Public Records

Agents Affiliated with this Home

  • Jorge Chavez

    Seller's Agent in 2016

    Jorge Chavez

    Synergy Real Estate

    (909) 957-9902

    52 Total Sales

    Jorge Chavez
    Section Image
  • Xiomara Vasquez

    Buyer's Agent in 2016

    Xiomara Vasquez

    Century 21 Masters

    (909) 263-9299

    10 Total Sales

    Xiomara Vasquez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16122630

California Regional Multiple Listing Service (CRMLS)

APN: 247-072-003

California Riverside County Riverside 92507 Highgrove

1428 Villa St, Riverside, CA

Not Listed for Sale

MultiFamily

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