NOT LISTED FOR SALE

Estimated Value: $1,254,437 - $1,448,000

8 Beds
8 Baths
3,800 Sq Ft
0.36 Acres

Last Sold February 02, 2022

Last sale price $1,140,000 $300 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,151/month

47 Days on Market

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Laundry Room

About This Home

As of February 2022

Absolutely stunning opportunity to add 4 more units to your portfolio. In the heart of Riverside and conveniently located close to freeways. This 4 plex is in great shape and all units have long term tenants. Very well maintained with updated units and a large lot next door that has room for ADU. Seller is retiring and moving out of state. Priced to sell!!!

Last Agent to Sell the Property

Jorge Borda

Fiv Realty Co License #01308511 Listed on: 11/12/2021

Fiv Realty Co

Last Buyer's Agent

Willliam Hugron

Ashwill Associates License #00803524

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,085

Year Built

  • Built in 1981

Lot Details

  • 1 Common Wall

Parking

  • 4 Car Garage
  • Parking Available

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1
  • Tax Tract Number 30503
  • Assessor Parcel Number 2110510010000
  • $200 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Electric Expense $2,145
  • Insurance Expense $1,200
  • Trash Expense $1,540
  • Water Sewer Expense $2,100
  • Operating Expense $14,345
  • Gross Income $61,704
  • Net Operating Income $47,358

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,085

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.10
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Water Sewer Expenses: 2100.00
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 2110510010000
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 300.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 15700.00
  • Lot Size Acres: 0.3604

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 2145.00
  • Gross Income: 61704.00
  • Gross Operating Income: 61704.00
  • Gross Scheduled Income: 61704.00
  • Insurance Expense: 1200.00
  • Laundry Income: 2000.00
  • Lot Size Area: 15700.0000 Square Feet
  • Net Operating Income: 47358.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14345.00
  • Rent Control: No
  • Total Actual Rent: 5042.00
  • Total Expenses: 14345.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 30503
  • TaxOtherAnnualAssessmentAmount: 200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Jan 29, 2022
Sold by
Hixson Hertica Sherryl
Bought by
Hertica Gary C
Seller's Agent
Jorge Borda
Fiv Realty Co
Buyer's Agent
Willliam Hugron
Ashwill Associates
List Price
$1,100,000
Sold Price
$1,140,000
Premium/Discount to List
$40,000
3.64%
Current Estimated Value
$1,331,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,859
Avg. Annual Appreciation
4.34%

Purchase Details

Listed on
Nov 12, 2021
Closed on
Jan 13, 2022
Sold by
Richens Family Trust
Bought by
Jacot Living Trust
Seller's Agent
Jorge Borda
Fiv Realty Co
Buyer's Agent
Willliam Hugron
Ashwill Associates
List Price
$1,100,000
Sold Price
$1,140,000
Premium/Discount to List
$40,000
3.64%

Purchase Details

Closed on
Apr 2, 2004
Sold by
Richens Gary T and Richens Carol A
Bought by
Richens Gary T and Richens Carol A
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
Hertica Gary C -- First American Title
Jacot Living Trust $2,280,000 First American Title
Richens Gary T -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2022 02/02/22 Sold $1,140,000 +3.6% $300 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/20/2021 12/20/21 For Sale $1,100,000 0.0% $289 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $1,100,000 -- $289 / 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 $13,085 $1,209,776 $318,362 $891,414
2023 $13,028 $1,162,800 $306,000 $856,800
2022 $3,632 $317,280 $77,849 $239,431
2021 $3,590 $311,060 $76,323 $234,737
2020 $3,564 $307,872 $75,541 $232,331
2019 $3,497 $301,836 $74,060 $227,776
2018 $3,430 $295,918 $72,609 $223,309
2017 $3,370 $290,117 $71,186 $218,931
2016 $3,157 $284,430 $69,791 $214,639
2015 $3,109 $280,160 $68,744 $211,416
2014 $3,077 $274,675 $67,399 $207,276
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21247655

California Regional Multiple Listing Service (CRMLS)

APN: 211-051-001