NOT LISTED FOR SALE
8 Beds
6 Baths
12,800 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: September 11, 2018

Last sale price $2,295,000 $179 Per Sq Ft

25 Days on Market

Highlights

  • No Units Above
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 15,246 Sq Ft lot
  • 4 Attached Carport Spaces

About This Home

As of September 2018

-Less than 1.25 Miles to UC Riverside Campus
-Adjacent to Desirable Canyon Crest Neighborhood
-Majority Spacious 2BR & 3BR Units
-Substantial Rental Upside
-Garages & Attractive Garden Area
-New Roof & Landscaping

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 08/06/2018

Last Buyer's Agent

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 08/06/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 15,246 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is 16-20 Units/Acre
  • 221162018, 221162019

Parking

  • 4 Open Parking Spaces
  • 16 Car Garage
  • 4 Attached Carport Spaces
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 12,800 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Tax Lot 062
  • Tax Tract Number 18
  • Assessor Parcel Number 221162020

Community Details

Overview

  • 4 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Leased Units
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • Gardener Expense $3,500
  • Insurance Expense $2,712
  • Maintenance Expense $13,469
  • Professional Management Expense $4,800
  • Water Sewer Expense $8,822
  • New Taxes Expense $25,717
  • Operating Expense $61,045
  • Gross Income $192,400
  • Net Operating Income $125,602

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.35 Acres

Parking

16

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 8822.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 3500.00
  • Parcel Number: 221162020
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 179.30

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 16.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 221162018, 221162019
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 15246.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Gross Income: 192400.00
  • Gross Multiplier: 11.93
  • Gross Operating Income: 186647.00
  • Gross Scheduled Income: 192400.00
  • Insurance Expense: 2712.00
  • Maintenance Expense: 13469.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 125602.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Number With Dishwasher: 16
  • Number With Range: 16
  • Operating Expense: 61045.00
  • Operating Expense Percent: 31.70
  • Rent Control: No
  • Total Actual Rent: 15785.00
  • Total Expenses: 61045.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 25717.00
  • Tax Census Tract: 305.01
  • Tax Lot: 062
  • Tax Tract Number: 018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,299,750
Interest Rate
0.0301%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 5, 2018
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Peter Gillin
Morgan Skenderian
List Price
$2,295,000
Sold Price
$2,295,000

Purchase Details

Closed on
Dec 21, 2016
Sold by
Bought by

Purchase Details

Listed on
Jun 11, 2015
Closed on
Aug 26, 2015
Sold by
Bought by
Seller's Agent
LARRY ROBILLARD
REALTY MASTERS & ASSOCIATES
Buyer's Agent
John Whitby
Pacific Real Estate Investment
List Price
$1,999,950
Sold Price
$1,900,000
Premium/Discount to List
-$99,950
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
0.0386%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 11, 2015
Closed on
Aug 17, 2015
Sold by
Bought by
Seller's Agent
LARRY ROBILLARD
REALTY MASTERS & ASSOCIATES
Buyer's Agent
John Whitby
Pacific Real Estate Investment
List Price
$1,999,950
Sold Price
$1,900,000
Premium/Discount to List
-$99,950
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
0.0386%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title Co
$2,350,000 Chicago Title Company
-- None Available
-- Chicago Title Inland Empire
$1,900,000 Chicago Title Inland Empire
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $22,299,750
Previous Owner $950,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2018 09/11/18 Sold $2,295,000 0.0% $179 / Sq Ft
09/04/2018 09/04/18 Price Changed $2,295,000 0.0% $179 / Sq Ft
09/04/2018 09/04/18 For Sale $2,295,000 -2.3% $179 / Sq Ft
09/04/2018 09/04/18 Price Changed $2,350,000 +2.4% $184 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $2,295,000 +20.8% $179 / Sq Ft
09/22/2015 09/22/15 Sold $1,900,000 -5.0% $148 / Sq Ft View Prior Sale
07/19/2015 07/19/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $1,999,950 -- $156 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,072 $1,282,841 $278,876 $1,003,965
2023 $14,072 $1,233,029 $268,048 $964,981
2022 $13,756 $1,208,853 $262,793 $946,060
2021 $13,544 $1,185,151 $257,641 $927,510
2020 $13,443 $1,173,000 $255,000 $918,000
2019 $13,192 $1,150,000 $250,000 $900,000
2018 $10,799 $936,360 $208,080 $728,280
2017 $10,609 $918,000 $204,000 $714,000
2016 $9,936 $900,000 $200,000 $700,000
2015 $4,959 $434,139 $98,754 $335,385
2014 $4,911 $425,636 $96,820 $328,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18189948

California Regional Multiple Listing Service (CRMLS)

APN: 221-162-020

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