NOT LISTED FOR SALE

18920 Boulder Ave Riverside, CA 92508

Estimated Value: $542,357 - $1,178,000

4 Beds
2 Baths
1,500 Sq Ft
$512/Sq Ft Est. Value

Last Sold September 26, 2013

Last sale price $245,000 $163 Per Sq Ft

Est. 213% increase in value since last sale

Current estimated payment $4,375/month

7 Days on Market

Highlights

  • Horse Property
  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Mark Twain Elementary School Rated A-
  • No HOA
  • Foothills

About This Home

As of September 2013

Great Investment Opportunity Located in Country Setting. Situated on half acre lot (19,155 sqft) which allows horses and other animals and has a 16x20 detached garage. Surrounded by custom ranch homes valued in the $400,000-$500,000 range. Near MLK High School. Live in one and rent the other. Duplex is super clean and is 1500 sqft (taped). Each unit is 2-bedroom/1-bath. Each unit has front fenced yards and cross fenced in rear with each unit having approximately 1/4 acre back yards. Large entry gates on each unit for truck and trailers.Copper plumbing thru-out, fruit trees and much more. Great investment. Rents are low for the area. Property selling in its present as is condition. Termite report in and seller will clear. One unit is vacant. Owner will show. Dog on property- see showing instructions.

Last Agent to Sell the Property

BRIAN SCHAFER

AMERA-STAR REALTY License #1023959 Listed on: 09/09/2013

Last Buyer's Agent

Alberto Flores

A & G Investments License #01100642

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 0.44 Acre Lot
  • 1 Common Wall
  • Rural Setting
  • Cross Fenced

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Gravel Driveway

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Sliding Doors
  • Family Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Horse Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 143
  • Tax Tract Number 88053
  • Assessor Parcel Number 267131009

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Foothills

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $420
  • Water Sewer Expense $720
  • New Taxes Expense $2,629
  • Gross Income $1,725
  • Net Operating Income $18,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 720.00
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 267131009
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 163.33
  • Room Type: Family Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fencing: Cross Fenced
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Gravel, Garage, Garage - Single Door
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Natural Gas Available, Water Connected
  • Heating: Yes
  • Appliances: Free-Standing Range, Gas Oven, Gas Range, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Sewer: Conventional Septic
  • Trash Expense: 420.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Rural

Lot Info

  • Lot Features: Horse Property, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19166.00
  • Lot Size Acres: 0.4400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750
  • Gross Income: 1725.00
  • Gross Scheduled Income: 20700.00
  • Insurance Expense: 600.00
  • Lot Size Area: 19166.0000 Square Feet
  • Net Operating Income: 18300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 2400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2629.00
  • Tax Lot: 143
  • Tax Tract Number: 88053
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2019
Sold by
Estrella Na
Bought by
Flores Aidan Alberto
Current Estimated Value
$767,839

Purchase Details

Listed on
Sep 9, 2013
Closed on
Sep 19, 2013
Sold by
Schafer Scott L
Bought by
Estrella Ana
Seller's Agent
BRIAN SCHAFER
AMERA-STAR REALTY
Buyer's Agent
Alberto Flores
A & G Investments
List Price
$239,900
Sold Price
$245,000
Premium/Discount to List
$5,100
2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%

Purchase Details

Closed on
Jun 1, 2004
Sold by
Schafer Scott
Bought by
Schafer Scott L and Family Trust Of Scott L Schafer

Purchase Details

Closed on
Jan 9, 1998
Sold by
Schafer Michael
Bought by
Schafer Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,618
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 1997
Sold by
Weaver Ronald L and Weaver Evalyn V
Bought by
Schafer Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
7.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Flores Aidan Alberto -- None Available
Estrella Ana $245,000 Stewart Title Riverside
Schafer Scott L -- --
Schafer Scott $72,500 First American Title Ins Co
Schafer Michael $34,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schafer Scott $72,618
Previous Owner Schafer Michael $51,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2013 09/26/13 Sold $245,000 +2.1% $163 / Sq Ft
09/16/2013 09/16/13 Pending -- -- --
09/09/2013 09/09/13 For Sale $239,900 -- $160 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,658 $432,972 $162,364 $270,608
2023 $4,658 $416,160 $156,060 $260,100
2022 $4,533 $283,005 $86,632 $196,373
2021 $3,093 $277,457 $84,934 $192,523
2020 $3,069 $274,613 $84,064 $190,549
2019 $3,011 $269,229 $82,416 $186,813
2018 $2,950 $263,950 $80,800 $183,150
2017 $2,897 $258,775 $79,216 $179,559
2016 $2,707 $253,702 $77,663 $176,039
2015 $2,671 $249,894 $76,498 $173,396
2014 $2,646 $245,000 $75,000 $170,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13183741

California Regional Multiple Listing Service (CRMLS)

APN: 267-131-009

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