$270,000
SOLD MAR 10, 2015

2015 Thornton St Riverside, CA 92507

4 Beds
2 Baths
1,704 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$158 Per Sq Ft

15% Above List Price

41 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Central Air
  • Granite Countertops

About This Home

As of September 2018

Amazing Opportunity!!!! Charming Duplex Rehabbed in 2010, two homes on one lot. Unit 1 - 1Bd/1Ba, Large Living Room, Updated Kitchen with Eat in Dining area, Detached Garage. Unit 2 - 3Bd/1Ba, Separate Entrance, Large Living Room., Updated Kitchen, Large Rear Yard, Off Street Parking. Unit can be rented for $900-$1,050 and Unit 2 can go for $1,150 - $1,250. Put This One At The Top Of Your Show List! Great Investment Property with lots of possibilities seller is very motivated!

Last Agent to Sell the Property

Francisco Esparza

Francisco P Esparza License #01790404 Listed on: 09/17/2014

Co-Listed By

Marc Murano

Esparza Real Estate, Inc. License #01931353

Last Buyer's Agent

Eid Habash

Keller Williams Pacific Estate License #01893572

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,799

Year Built

  • Built in 1946

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls

Home Design

  • 1,704 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Granite Countertops
  • Laundry Room
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 16
  • Tax Tract Number 301
  • Assessor Parcel Number 210071027

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,177
  • Maintenance Expense $936
  • Professional Management Expense $1,638
  • New Taxes Expense $2,350
  • Gross Income $1,950
  • Net Operating Income $16,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,799

Year Built

Built in 1946

Lot Details

0

Listing Details

  • CapRate: 7.01
  • Professional Management Expense: 1638.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 210071027
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 158.45
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: In Closet
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 1950.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 1177.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 936.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 16480.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 6101.00
  • Operating Expense Percent: 26.07
  • Rent Control: No
  • Vacancy Allowance: 819
  • Vacancy Allowance Rate: 3.50

Tax Info

  • New Taxes Expense: 2350.00
  • Tax Lot: 16
  • Tax Tract Number: 301
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2020
Sold by
Garcia Noe A and Vargas Ronnie A
Bought by
Agustin Garcia Noe
Current Estimated Value
$601,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$248,448
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$352,895

Purchase Details

Listed on
Jul 23, 2018
Closed on
Aug 3, 2018
Sold by
Turner Barbara
Bought by
Garcia Noe A and Vargas Ronnie A
Seller's Agent
Vicki Lynn Pedersen
VICKI L. PEDERSEN, BROKER
Buyer's Agent
Greg Helms
National Realty Group
List Price
$305,000
Sold Price
$312,000
Premium/Discount to List
$7,000
2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$249,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2014
Sold by
Wilde & Esparza Real Estate Group Llc
Bought by
Turner Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Interest Rate
3.61%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 2012
Sold by
Wilde Paul M
Bought by
Wilde & Esparza Real Estate Group Llc

Purchase Details

Closed on
Aug 11, 2011
Sold by
Afc Group Llc
Bought by
Wilde Paul M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2009
Sold by
U S Bank National Association
Bought by
Afc Group Llc

Purchase Details

Closed on
Apr 15, 2008
Sold by
Romero Isela
Bought by
Lasalle Bank Na and Mlmi Trust Series 2007-Sd1

Purchase Details

Closed on
Dec 19, 2006
Sold by
Romero Isela
Bought by
Campbell Michael A

Purchase Details

Closed on
Jan 3, 2006
Sold by
Aijala Curtis and Aijala Marjorie
Bought by
Romero Isela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
9.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Bernal Pedro
Bought by
Aijala Curtis and Aijala Marjorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,400
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2003
Sold by
Bernal Pedro
Bought by
Bernal Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2000
Sold by
Bernal Pedro
Bought by
Bernal Pedro and Cadena Felicitas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,317
Interest Rate
8.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 1997
Sold by
Bernal Pedro and Adame Luis
Bought by
Bernal Pedro

Purchase Details

Closed on
Jun 27, 1996
Sold by
Cadenas Felicitas
Bought by
Bernal Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,235
Interest Rate
8.01%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 1996
Sold by
Hulstine David W and Hulstine Cynthia J
Bought by
Bernal Pedro and Adame Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,235
Interest Rate
8.01%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 1995
Sold by
Hud
Bought by
Hulstine David W and Hulstine Cynthia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 1995
Sold by
Alvarez Alfredo and Alvarez Alicia
Bought by
Countrywide Funding Corp

Purchase Details

Closed on
Jan 11, 1995
Sold by
Countrywide Funding Corp
Bought by
Hud

Purchase Details

Closed on
Sep 12, 1994
Sold by
Girard Roland and Girard Candida R
Bought by
Alvarez Alfredo and Alvarez Alicia

Purchase Details

Closed on
May 24, 1994
Sold by
Alvarez Alfredo and Alvarez Alicia
Bought by
Girard Roland and Girard Candida R
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $312,000 Chicago Title Inland Empire
Grant Deed $270,000 First American Title Company
Grant Deed $165,000 None Available
Grant Deed $165,000 First American Title Company
Grant Deed $130,000 Lsi Title Company Ca
Trustee Deed $226,675 None Available
Grant Deed -- Accommodation
Grant Deed $410,000 United Title Company
Grant Deed $221,181 United Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title Ins Co
Grant Deed $77,000 First American Title Ins Co
Grant Deed $48,000 Commonwealth Land Title Co
Trustee Deed $125,798 Stewart Title
Corporate Deed -- Stewart Title
Grant Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 New Conventional
Closed $249,600 New Conventional
Previous Owner $265,109 FHA
Previous Owner $123,750 Commercial
Previous Owner $328,000 Purchase Money Mortgage
Previous Owner $170,400 Commercial
Previous Owner $49,000 Commercial
Previous Owner $11,317 Commercial
Previous Owner $77,235 FHA
Previous Owner $50,000 Commercial
Closed $21,300 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2018 09/03/18 Sold $312,000 0.0% $281 / Sq Ft
08/01/2018 08/01/18 Off Market $312,000 -- --
07/31/2018 07/31/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $305,000 +13.0% $275 / Sq Ft
03/10/2015 03/10/15 Sold $270,000 +14.9% $158 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
09/17/2014 09/17/14 For Sale $235,000 -- $138 / 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 $3,799 $348,036 $83,661 $264,375
2023 $3,799 $334,523 $80,413 $254,110
2022 $3,713 $327,965 $78,837 $249,128
2021 $3,669 $321,536 $77,292 $244,244
2020 $3,642 $318,240 $76,500 $241,740
2019 $3,574 $312,000 $75,000 $237,000
2018 $3,273 $285,189 $84,500 $200,689
2017 $3,215 $279,598 $82,844 $196,754
2016 $3,010 $274,117 $81,220 $192,897
2015 $1,924 $172,438 $52,253 $120,185
2014 $1,906 $169,063 $51,231 $117,832
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14200458

California Regional Multiple Listing Service (CRMLS)

APN: 210-071-027