NOT LISTED FOR SALE

16380 Gamble Ave Riverside, CA 92508

Estimated Value: $821,253 - $891,000

6 Beds
3 Baths
2,340 Sq Ft
$363/Sq Ft Est. Value

Last Sold April 20, 2022

Last sale price $799,000 $341 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,199/month

10 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • Frank Augustus Miller Middle School Rated A-
  • Chain Link Fence
  • Wall Furnace

About This Home

As of April 2022

Spectacular opportunity to acquire 3 units in the Woodcrest area (2 bedroom 1 bath units) situated on a huge lot 1/2 acre approximately 23086 sq. ft. with the possible opportunity to build additional units on fenced off area (check city, county zoning). Updated triplex remodeled. Long term tenants will remain as tenants at close of escrow.. Newer copper plumbing and roof approximately 10 years old. End unit currently is being remodeled with Pergo non/ dent, non /scratch flooring. Newer facia board exterior roof. Possible truck parking or storage via main street. Rent increase for second unit April 1st. Great location close to all services and schools.

Last Agent to Sell the Property

Ernest Livingstone

LIVINGSTONE REALTY GROUP License #01270885 Listed on: 02/18/2022

Last Buyer's Agent

Raj Sharma

HomeSmart Realty Group License #01943882

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.53 Acre Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Shingle Roof
  • Copper Plumbing

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 48
  • Tax Tract Number 14067
  • Assessor Parcel Number 274150001
  • $13 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $925
  • Maintenance Expense $360
  • Water Sewer Expense $840
  • Operating Expense $2,125
  • Gross Income $38,075
  • Net Operating Income $40,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel, Paved
  • View: No
  • Water Sewer Expenses: 840.00
  • Zoning: R-A
  • Property Type: Residential Income
  • Parcel Number: 274150001
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 341.45
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Cooktop
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Conventional Septic
  • 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: 0-1 Unit/Acre
  • Lot Size Sq Ft: 23087.00
  • Lot Size Acres: 0.5300

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 38075.00
  • Gross Operating Income: 40560.00
  • Gross Scheduled Income: 40560.00
  • Insurance Expense: 925.00
  • Lot Size Area: 23087.0000 Square Feet
  • Maintenance Expense: 360.00
  • Net Operating Income: 40200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 360.00
  • Rent Control: No
  • Total Expenses: 2125.00

Tax Info

  • Tax Census Tract: 420.04
  • Tax Lot: 48
  • Tax Tract Number: 014067
  • TaxOtherAnnualAssessmentAmount: 13.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2023
Sold by
Tang Sopheap
Bought by
Riverside Mountain View Properties Llc
Current Estimated Value
$850,063

Purchase Details

Closed on
Mar 30, 2019
Sold by
Nelson Alaina M
Bought by
Alaina M Nelson Living Trust

Purchase Details

Closed on
May 16, 2017
Sold by
Nelson Robert G and Nelson Robert G
Bought by
Nelson Robert Gene

Purchase Details

Closed on
Dec 21, 2011
Sold by
Anthony Nelson Elaine
Bought by
Nelson Alaina M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Riverside Mountain View Properties Llc -- None Listed On Document
Alaina M Nelson Living Trust -- None Available
Nelson Robert Gene -- None Available
Nelson Alaina M -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Sold $799,000 0.0% $341 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $799,000 -- $341 / 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 $8,934 $831,279 $234,600 $596,679
2023 $8,934 $814,980 $234,600 $580,380
2022 $1,424 $127,139 $32,794 $94,345
2021 $1,397 $124,647 $32,151 $92,496
2020 $1,386 $123,370 $31,822 $91,548
2019 $1,360 $120,952 $31,199 $89,753
2018 $1,333 $118,582 $30,588 $87,994
2017 $1,309 $116,258 $29,989 $86,269
2016 $1,224 $113,979 $29,401 $84,578
2015 $1,207 $112,268 $28,960 $83,308
2014 $1,196 $110,071 $28,394 $81,677
Source: Public Records

Agents Affiliated with this Home

  • Ernest Livingstone

    Seller's Agent in 2022

    Ernest Livingstone

    LIVINGSTONE REALTY GROUP

    (951) 529-2990

    1 in this area

    26 Total Sales

    Ernest Livingstone
    Section Image

  • R

    Buyer's Agent in 2022

    Raj Sharma

    HomeSmart Realty Group

    (562) 912-7770

    1 in this area

    24 Total Sales

    Raj Sharma
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22032720

California Regional Multiple Listing Service (CRMLS)

APN: 274-150-001

California Riverside County Riverside 92508

16380 Gamble Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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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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