1957 7th St Riverside, CA 92507
Eastside NeighborhoodEstimated Value: $553,000 - $732,000
8
Beds
4
Baths
2,625
Sq Ft
$253/Sq Ft
Est. Value
Highlights
- No HOA
- 1-Story Property
- 5-minute walk to Bobby Bonds Park and Sports Complex
- No Heating
About This Home
As of September 2022Fantastic Opportunity to own this Multi-family Dwelling in the Beautiful City of Riverside. Here are some Key Features about this property. The layout of the land and multi-family dwellings provide additional areas for storage & parking and still leave room for some outdoor lounging. One of the units has a remodeled Kitchen with beautiful Cabinets and upgraded flooring. One of the units has a newer central air conditioning system. Regarding the units, some of the bathrooms have been upgraded over the years. This Multi-Family dwelling is located near Multiple colleges to include, University of California Riverside, California Baptist University, Riverside Community College, La Sierra University etc... There are many nearby Hospitals, Eateries, parks, schools, entertainment, and Downtown Riverside. The property is near many freeways such as the 91 FWY, 60 FWY, 215 FWY. Conservatively, if this Multi-Family Dwelling was renovated it can potentially fetch approximately 50% more in Higher Rents. All units are tenant occupied and have been successfully rented for many years by the same tenants. Great Multi-Family Dwelling with tons of opportunities. Don's miss this opportunity to add this Fantastic property to your portfolio!
Last Agent to Sell the Property
Re/Max Partners License #01877582 Listed on: 06/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,102
Year Built
- Built in 1946
Lot Details
- 8,712 Sq Ft Lot
- No Common Walls
Parking
- 7 Parking Spaces
Interior Spaces
- 2,625 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 69
- Tax Tract Number 9000
- Assessor Parcel Number 211172009
- $88 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 4 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $4,800
- Fuel Expense $1,500
- Insurance Expense $2,000
- Maintenance Expense $3,000
- Trash Expense $1,200
- Water Sewer Expense $2,400
- New Taxes Expense $7,500
- Operating Expense $22,400
- Net Operating Income $20,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2022
Closed on
Aug 5, 2022
Sold by
Cama Trust
Bought by
Heng Ponnarith Pok and Heng Nguon S
Seller's Agent
Ben Rubalcava
Re/Max Partners
Buyer's Agent
Paul Conti
Harcourts Place
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%
Total Days on Market
59
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,266
Avg. Annual Appreciation
1.87%
Original Mortgage
$472,500
Outstanding Balance
$454,843
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$208,423
Purchase Details
Closed on
Aug 30, 2019
Sold by
Cama Oscar Rene and Cama Horencia
Bought by
Cama Oscar and Cama Hortencia
Purchase Details
Closed on
Nov 4, 2002
Sold by
Godinez Martin and Godinez Maria
Bought by
Cama Oscar R and Cama Hortencia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
6.06%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 15, 1998
Sold by
Hud
Bought by
Godinez Martin and Godinez Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,288
Interest Rate
6.78%
Mortgage Type
FHA
Purchase Details
Closed on
May 16, 1997
Sold by
Midfirst Bank
Bought by
Hud
Purchase Details
Closed on
Jan 3, 1997
Sold by
Zepeda Ramon and Dazepeda Luz Maria E
Bought by
Midfirst Bank
Similar Homes in Riverside, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Heng Ponnarith Pok | $630,000 | -- | |
| Cama Oscar | -- | None Available | |
| Cama Oscar R | $390,000 | Orange Coast Title Company | |
| Godinez Martin | $80,000 | -- | |
| Hud | -- | United Title Company | |
| Midfirst Bank | $123,709 | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Heng Ponnarith Pok | $472,500 | |
| Previous Owner | Cama Oscar R | $136,500 | |
| Previous Owner | Godinez Martin | $81,288 | |
| Closed | Cama Oscar R | $39,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2022 09/02/22 | Sold | $630,000 | -3.1% | $240 / Sq Ft |
| 08/05/2022 08/05/22 | Pending | -- | -- | -- |
| 07/27/2022 07/27/22 | Price Changed | $650,000 | -3.7% | $248 / Sq Ft |
| 07/15/2022 07/15/22 | Price Changed | $675,000 | 0.0% | $257 / Sq Ft |
| 07/15/2022 07/15/22 | For Sale | $675,000 | +7.1% | $257 / Sq Ft |
| 06/17/2022 06/17/22 | Pending | -- | -- | -- |
| 06/14/2022 06/14/22 | Off Market | $630,000 | -- | -- |
| 06/07/2022 06/07/22 | For Sale | $599,000 | -- | $228 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $7,102 | $630,000 | $158,000 | $472,000 |
| 2022 | $3,030 | $266,110 | $61,400 | $204,710 |
| 2021 | $2,998 | $260,894 | $60,197 | $200,697 |
| 2020 | $2,976 | $258,220 | $59,580 | $198,640 |
| 2019 | $2,920 | $253,158 | $58,412 | $194,746 |
| 2018 | $2,864 | $248,195 | $57,268 | $190,927 |
| 2017 | $2,813 | $243,330 | $56,146 | $187,184 |
| 2016 | $2,635 | $238,560 | $55,046 | $183,514 |
| 2015 | $2,597 | $234,978 | $54,220 | $180,758 |
| 2014 | $2,573 | $230,377 | $53,159 | $177,218 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Rubalcava
Seller's Agent in 2022
Ben Rubalcava
RE/MAX
(714) 673-5181
2 in this area
127 Total Sales
-
Paul Conti
P
Buyer's Agent in 2022
Paul Conti
Harcourts Place
(714) 418-3427
1 in this area
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG22122110
APN: 211-172-009
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