NOT LISTED FOR SALE
-- Beds
1 Bath
1 Sq Ft
1,000 Sq Ft Lot

Sale Details

Date Sold: April 24, 2024

Last sale price $4,838,000 $4,838,000 Per Sq Ft

314 Days on Market

About This Home

As of April 2024

This home is located at 1864 12th St, Riverside, CA 92507 since 04 April 2023. This property was built in 1990. 1864 12th St is a home located in Riverside County with nearby schools including Emerson Elementary School, Matthew Gage Middle School, and Polytechnic High School.

Last Agent to Sell the Property

Sean Hwangbo

TNG REAL ESTATE CONSULTANTS Brokerage Email: seanhwangbo@outlook.com License #01945497 Listed on: 04/04/2023

TNG REAL ESTATE CONSULTANTS

Last Buyer's Agent

Hao Ding

MacroReal Inv Grp Inc. License #02024511

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 1,000 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 1 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 1 Bathroom

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 221161010
  • $1 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • 20 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1
  • Professional Management Expense $1
  • Trash Expense $1
  • Operating Expense $1
  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

1,000 Sq Ft Lot

Listing Details

  • CapRate: 1.00
  • Professional Management Expense: 1.00
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 221161010
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Sewer: Other
  • Trash Expense: 1.00
  • Water Source: Other

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 1000.00
  • Lot Size Acres: 0.0230

Multi Family

  • Gross Income: 1.00
  • Gross Scheduled Income: 1.00
  • Insurance Expense: 1.00
  • Laundry Income: 1.00
  • Lot Size Area: 1000.0000 Square Feet
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Operating Expense: 1.00
  • Rent Control: No
  • Total Expenses: 1.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 1.00

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
Aug 8, 2023
Sold by
Villa Ava Apartments Llc
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
$2,800,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2019
Sold by
Now They Form Llc
Bought by
Villa Ava Apartments Llc

Purchase Details

Closed on
Aug 8, 2014
Sold by
Rodriguez Melvin M and Rodriguez Corrine
Bought by
Stone Ronald R and Stone Lourdes S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2007
Sold by
Rodriguez Melvin M
Bought by
Rodriguez Melvin M and Rodriguez Corrine

Purchase Details

Closed on
Jan 26, 2005
Sold by
Park Center Exchange Inc
Bought by
Rodriguez Melvin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2005
Sold by
Rodriguez Corrine
Bought by
Rodriguez Melvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2003
Sold by
Newsome Thomas I and Highland Susan L
Bought by
Banbury Apartments Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2000
Sold by
Greenspan Bob
Bought by
Newsome Thomas I and Highland Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
8.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 1999
Sold by
Walker Rob D
Bought by
Greenspan Bob

Purchase Details

Closed on
Jul 27, 1998
Sold by
First Federal S & L Assn
Bought by
Walker Rob D

Purchase Details

Closed on
Jul 15, 1998
Sold by
Lin Yehsen and Lin Wilma
Bought by
First Fsla Of San Gabriel Valley

Purchase Details

Closed on
May 11, 1994
Sold by
Ko Yung Yuan and Chen Chyong Fen
Bought by
Ko Yung Yuan and Ko Hui Lin H
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Eastside, CA

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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
$4,838,000 Fidelity National Title Compan
Villa Ava Apartments Llc -- None Available
Villa Ava Apartments Llc -- None Available
Stone Ronald R $2,270,000 First American Title Company
Rodriguez Melvin M -- Chicago Title Company
Rodriguez Melvin M $2,140,000 United Independent Title Co
Tcrm Co -- United Independent Title Co
Park Center Exchange Inc -- United Independent Title Co
Rodriguez Melvin -- United Independent Title Co
Banbury Apartments Ltd $1,800,000 Orange Coast Title Company
Newsome Thomas I $820,000 Southland Title Corporation
Greenspan Bob -- Orange Coast Title Co
Walker Rob D $500,000 Old Republic Title Company
First Fsla Of San Gabriel Valley $569,000 First Southwestern Title Co
Ko Yung Yuan -- Old Republic Title Company
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
Previous Owner -- $2,800,000
Previous Owner Stone Ronald R $1,250,000
Previous Owner Rodriguez Melvin M $1,260,000
Previous Owner Banbury Apartments Ltd $1,150,000
Previous Owner Newsome Thomas I $656,000
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
04/24/2024 04/24/24 Sold $4,838,000 -2.3% $4,838,000 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
12/01/2023 12/01/23 Price Changed $4,950,000 -6.4% $4,950,000 / Sq Ft
04/04/2023 04/04/23 For Sale $5,288,000 0.0% $5,288,000 / Sq Ft
05/18/2015 05/18/15 Rented $885 0.0% --
04/18/2015 04/18/15 Under Contract -- -- --
04/08/2015 04/08/15 For Rent $885 -10.2% --
02/12/2015 02/12/15 Rented $985 0.0% --
02/12/2015 02/12/15 For Rent $985 -- --
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
2026 $55,515 $5,033,455 $780,300 $4,253,155
2025 $30,024 $4,934,760 $765,000 $4,169,760
2023 $30,024 $2,622,254 $745,088 $1,877,166
2022 $29,352 $2,570,838 $730,479 $1,840,359
2021 $28,878 $2,520,430 $716,156 $1,804,274
2020 $28,693 $2,494,587 $708,813 $1,785,774
2019 $28,165 $2,445,674 $694,915 $1,750,759
2018 $30,128 $2,626,434 $771,787 $1,854,647
2017 $29,598 $2,575,030 $756,654 $1,818,376
2016 $27,710 $2,524,634 $741,818 $1,782,816
2015 $27,321 $2,486,785 $730,676 $1,756,109
2014 $27,069 $2,438,168 $716,364 $1,721,804
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23054593

California Regional Multiple Listing Service (CRMLS)

APN: 221-161-010

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