NOT LISTED FOR SALE

Estimated Value: $558,000 - $680,000

3 Beds
2 Baths
1,444 Sq Ft
$435/Sq Ft Est. Value

Last Sold June 12, 2024

Last sale price $635,000 $440 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,705/month

17 Days on Market

Highlights

  • Traditional Architecture
  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Granite Countertops
  • No HOA
  • Laundry Room

About This Home

As of June 2024

RARE Opportunity!!! Two separate homes situated on an oversized lot. Convenient to favorite shopping, dining, entertainment, Downtown Riverside, Mission Inn, UC Riverside, Riverside City College, the 60 freeway, the 91 freeway, the 10 and 215 freeway and more. Lovely front home has 2 bedrooms and 2 bathrooms plus a bonus room that can be used as a 3rd bedroom, cozy fireplace in living room, new flooring, new interior & exterior paint, new kitchen appliances, new kitchen countertops, new sink, new water heater and updated bathrooms. Rear home has 1 bedroom and 1 bath, an updated kitchen with granite countertops and a large storage. Both homes have their own washer & dryer hookups, spacious private yard/outdoor space, and a long-paved driveway perfect for additional parking space. The property has a lot of potential and secured with newly built block wall & iron gate. Next door to a brand-new community.

Last Agent to Sell the Property

Sunshine Coyle-Pardo

RGSC Properties Inc. Brokerage Phone: 626-676-4964 License #01504416 Listed on: 03/25/2024

Last Buyer's Agent

ORALIA SANCHEZ

SYNERGY ONE REAL ESTATE License #01501327

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,524

Year Built

  • Built in 1941

Lot Details

  • 0.26 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • Private Yard

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 1,444 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Converted Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Chute

Parking

  • Parking Available
  • Driveway Level
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 30 / 3
  • Tax Tract Number 305
  • Assessor Parcel Number 211181018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • Fuel Expense $1,200
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,150
  • Net Operating Income $32,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,524

Year Built

Built in 1941

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Price Per Unit: 307500
  • Property Attached: No
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: C1
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 211181018
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 439.75
  • Room Type: Converted Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Driveway Level

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Laundry Chute
  • Sewer: Sewer Paid
  • 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: Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600
  • Latitude Manual: 33.97718900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 580 Square Feet
  • Average2 Bed Area: 864 Square Feet
  • Fuel Expense: 1200.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 11326.0000 Square Feet
  • Net Operating Income: 32250.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 9750.00
  • Other Income2: 150.00
  • Other Income Description: Storage Fee
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6150.00
  • Tax Block: 3
  • Tax Census Tract: 305.03
  • Tax Lot: 30
  • Tax Tract Number: 305.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
May 8, 2024
Sold by
Cantu Mauricio A and Cantu Alexandra
Bought by
Alvarez Paulino M and Alvarez Elizabeth P
Seller's Agent
Sunshine Coyle-Pardo
RGSC Properties Inc.
Buyer's Agent
ORALIA SANCHEZ
SYNERGY ONE REAL ESTATE
List Price
$615,000
Sold Price
$635,000
Premium/Discount to List
$20,000
3.25%
Views
135
Current Estimated Value
$627,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,387
Avg. Annual Appreciation
-0.90%
Original Mortgage
$428,498
Outstanding Balance
$423,602
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$204,011

Purchase Details

Listed on
Oct 28, 2019
Closed on
Apr 29, 2020
Sold by
Lopez Lorenzo
Bought by
Cantu Mauricio A and Cantu Alexandra
Seller's Agent
Maria Knorr
FIRST TEAM REAL ESTATE
Buyer's Agent
Sunshine Coyle-Pardo
RGSC Properties Inc.
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%
Original Mortgage
$373,117
Interest Rate
3.2%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 2015
Sold by
Lopez Lorenzo and Lopez Josefina
Bought by
Lopez Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Interest Rate
4.05%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Alvarez Paulino M $635,000 None Listed On Document
Cantu Mauricio A $380,000 Ticor Title Riverside
Lopez Lorenzo -- Wfg National Title Company
Lopez Lorenzo -- Wfg National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Paulino M $428,498
Previous Owner Cantu Mauricio A $373,117
Previous Owner Lopez Lorenzo $169,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2024 06/12/24 Sold $635,000 +3.3% $440 / Sq Ft
03/25/2024 03/25/24 For Sale $615,000 +61.8% $426 / Sq Ft
06/19/2020 06/19/20 Sold $380,000 -5.0% $263 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
10/28/2019 10/28/19 For Sale $399,900 -- $277 / 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 $4,524 $647,699 $194,312 $453,387
2023 $4,524 $399,444 $126,140 $273,304
2022 $4,421 $391,613 $123,667 $267,946
2021 $4,365 $383,936 $121,243 $262,693
2020 $1,663 $141,272 $50,452 $90,820
2019 $1,633 $138,503 $49,463 $89,040
2018 $1,602 $135,789 $48,494 $87,295
2017 $1,574 $133,128 $47,544 $85,584
2016 $1,476 $130,518 $46,612 $83,906
2015 $1,455 $128,560 $45,913 $82,647
2014 $1,441 $126,043 $45,014 $81,029
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24057293

California Regional Multiple Listing Service (CRMLS)

APN: 211-181-018