NOT LISTED FOR SALE

Estimated Value: $596,007 - $1,033,000

4 Beds
2 Baths
1,809 Sq Ft
$398/Sq Ft Est. Value

Last Sold August 06, 2018

Last sale price $420,000 $232 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,186/month

9 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 1-Story Property

About This Home

As of August 2018

Wonderful duplex located near downtown Riverside and UCR. Each unit has 2 bedrooms and 1 bathroom. Newer energy efficient roof recently installed. One of the units has hardwood floors. The property is cleverly divided in the rear so that each tenant has their own private space. Each unit features its own washer and dryer space, wall A/C units, and a divided but equal use of the garage for storage. Dual driveways on the property provide each unit with its own space to park numerous vehicles. This is a great buy for any investor looking for a turn key duplex property! There is no wasted space here! You'll love the maximum use this property provides.

Last Agent to Sell the Property

Dustin Figueroa

The Network Agency License #01898949 Listed on: 07/12/2018

Last Buyer's Agent

Cindy Ta

BLOSSOM HOMES REALTY License #01385112

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Sprinkler System
  • Back and Front Yard

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,809 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 9, 1
  • Tax Tract Number 301
  • Assessor Parcel Number 206141009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $1,200
  • Water Sewer Expense $600
  • Operating Expense $3,240
  • Net Operating Income $27,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: R1065
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 206141009
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 232.17

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 8712.00

Multi Family

  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 27960.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3240.00
  • Rent Control: No
  • Total Actual Rent: 2600.00
  • Total Expenses: 3240.00

Tax Info

  • Tax Census Tract: 301.04
  • Tax Lot: 9, 1
  • Tax Tract Number: 301.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2018
Closed on
Jul 31, 2018
Sold by
Chu Phuong Yen T
Bought by
Nguyen Derek
Seller's Agent
Dustin Figueroa
The Network Agency
Buyer's Agent
Cindy Ta
BLOSSOM HOMES REALTY
List Price
$405,000
Sold Price
$420,000
Premium/Discount to List
$15,000
3.7%
Current Estimated Value
$720,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,252
Avg. Annual Appreciation
7.54%

Purchase Details

Listed on
Jul 12, 2018
Closed on
Jul 25, 2018
Sold by
Bruce Alexander and Bruce Jana
Bought by
Nguyen Derek
Seller's Agent
Dustin Figueroa
The Network Agency
Buyer's Agent
Cindy Ta
BLOSSOM HOMES REALTY
List Price
$405,000
Sold Price
$420,000
Premium/Discount to List
$15,000
3.7%

Purchase Details

Listed on
Nov 22, 2013
Closed on
Nov 26, 2013
Sold by
Hearn James Rellie and Hearn Earlene Patricia
Bought by
Bruce Alexander and Bruce Jana
Seller's Agent
Shannon Salazar
COLDWELL BANKER REALTY
Buyer's Agent
Desi Reyes
First Team Real Estate
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$294,566
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 2009
Sold by
Hearn James R and Hearn Earlene P
Bought by
Hearn Ii James Rellie and Hearn Earlene Patricia

Purchase Details

Closed on
Sep 19, 2008
Sold by
Ellsworth Patricia J
Bought by
Hearn James R and Hearn Earlene P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 1998
Sold by
Ellsworth Patricia J
Bought by
Ellsworth Robert I and Ellsworth Patricia J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Nguyen Derek -- Wfg National Title Company O
Nguyen Derek $420,000 Wfg National Title Company
Bruce Alexander $300,000 Title365
Hearn Ii James Rellie -- None Available
Hearn James R $262,500 First American Title Company
Ellsworth Robert I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bruce Alexander $294,566
Previous Owner Hearn James R $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2018 08/06/18 Sold $420,000 0.0% $232 / Sq Ft
07/21/2018 07/21/18 Pending -- -- --
07/21/2018 07/21/18 Off Market $420,000 -- --
07/12/2018 07/12/18 For Sale $405,000 +35.0% $224 / Sq Ft
12/20/2013 12/20/13 Sold $300,000 0.0% $166 / Sq Ft View Prior Sale
11/25/2013 11/25/13 Pending -- -- --
11/22/2013 11/22/13 For Sale $300,000 -- $166 / 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 $5,091 $468,513 $83,661 $384,852
2023 $5,091 $450,321 $80,413 $369,908
2022 $4,976 $441,492 $78,837 $362,655
2021 $4,911 $432,837 $77,292 $355,545
2020 $4,874 $428,400 $76,500 $351,900
2019 $4,782 $420,000 $75,000 $345,000
2018 $3,698 $323,207 $107,735 $215,472
2017 $3,633 $316,871 $105,623 $211,248
2016 $3,401 $310,658 $103,552 $207,106
2015 $3,352 $305,994 $101,998 $203,996
2014 $3,321 $300,000 $100,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18168153

California Regional Multiple Listing Service (CRMLS)

APN: 206-141-009