NOT LISTED FOR SALE

2121 Down St Riverside, CA 92507

Estimated Value: $653,000 - $673,000

4 Beds
2 Baths
1,641 Sq Ft
$406/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $569,000 $347 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,148/month

181 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • 2 Car Garage
  • 1-Story Property
  • Laundry Room
  • Wall Furnace

About This Home

As of July 2023

Tucked away in a private neighborhood next to the 60/91/215 FWY and 5 minutes from the center of Riverside. This Fully Leased Duplex offers two units at 2bdrm and 1 bath each. Each unit comes with its own one-car garage. Tenants are currently month-to-month and under market rents. Great potential for increased income and value. Property can be purchased individually or as a portfolio of properties in Riverside (8320 Mission Blvd, 2909 4th St, 3382 Eucalyptus Ave). Sold as-is in present condition. Current rents: 2121 Down 1390.00 2123 Down 1495.00 Total income: 2885.00

Last Agent to Sell the Property

Joan Chase Swing

RE/MAX College Park Realty License #01736594 Listed on: 11/23/2022

RE/MAX College Park Realty

Co-Listed By

Gary Chen

eXp Realty of Southern Ca, Inc License #01969000

Last Buyer's Agent

Luis Duque

Elevate Real Estate Agency License #01235473

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,315

Year Built

  • Built in 1964

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 1,641 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 210091028
  • $83 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $34,620
  • Net Operating Income $28,533

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,315

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.81
  • Price Per Unit: 284500
  • Property Attached: Yes
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 210091028
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 346.74
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 34620.00
  • Gross Scheduled Income: 34620.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 28533.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6086.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 301.01
  • Tax Lot: 15
  • TaxOtherAnnualAssessmentAmount: 83.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Ochoa Bryan Alexis and Ochoa Juan
Bought by
Garcia Tommy Jacob
Current Estimated Value
$665,992

Purchase Details

Listed on
Nov 23, 2022
Closed on
Jun 7, 2023
Sold by
Gale Peter A
Bought by
Ochoa Bryan Alexis and Ochoa Juan
Seller's Agent
Joan Chase Swing
RE/MAX College Park Realty
Buyer's Agent
Luis Duque
Elevate Real Estate Agency
List Price
$749,000
Sold Price
$569,000
Premium/Discount to List
-$180,000
-24.03%
Views
653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$558,693
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2021
Sold by
Ford Cheryl A and Reginaldo Antonio Gale Living
Bought by
Gale Peter A

Purchase Details

Closed on
Sep 27, 2018
Sold by
Gale Reginaldo A
Bought by
Gale Reginaldo Antonio and Reginaldo Antonio Gale Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2013
Sold by
Gale Reginaldo Antonio
Bought by
Gale Reginaldo A

Purchase Details

Closed on
Jul 26, 2005
Sold by
Gale Reginald A
Bought by
Gale Reginaldo Antonio and The Reginaldo Antonio Gale Living Trust

Purchase Details

Closed on
Aug 19, 2004
Sold by
Gale Reginaldo
Bought by
Gale Reginaldo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2003
Sold by
Pulido Samuel and Pulido Olga
Bought by
Gale Reginaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 1998
Sold by
Clark Edward R
Bought by
Pulido Samuel and Pulido Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,200
Interest Rate
6.88%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Garcia Tommy Jacob -- Socal Title Company
Ochoa Bryan Alexis $1,138,000 None Listed On Document
Gale Peter A -- None Available
Gale Reginaldo Antonio -- Accommodation
Gale Reginaldo A -- Lawyers Title
Gale Reginaldo A -- None Available
Gale Reginaldo Antonio -- --
Gale Reginaldo A -- Commerce Title Company
Gale Reginaldo $185,000 First American Title Co
Pulido Samuel $81,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ochoa Bryan Alexis $558,693
Previous Owner Gale Reginaldo A $231,000
Previous Owner Gale Reginaldo A $189,000
Previous Owner Gale Reginaldo $148,000
Previous Owner Pulido Samuel $65,200
Closed Gale Reginaldo $27,700
Closed Gale Reginaldo A $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $569,000 0.0% $347 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
05/09/2023 05/09/23 Price Changed $569,000 -5.0% $347 / Sq Ft
04/03/2023 04/03/23 Price Changed $599,000 -3.2% $365 / Sq Ft
03/15/2023 03/15/23 Price Changed $619,000 -8.6% $377 / Sq Ft
02/07/2023 02/07/23 Price Changed $677,000 -9.6% $413 / Sq Ft
11/23/2022 11/23/22 For Sale $749,000 -- $456 / 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 $6,315 $580,000 $174,306 $405,694
2023 $6,315 $252,795 $54,650 $198,145
2022 $2,845 $247,839 $53,579 $194,260
2021 $3,801 $333,418 $101,036 $232,382
2020 $2,772 $240,490 $51,991 $188,499
2019 $2,720 $235,775 $50,972 $184,803
2018 $2,668 $231,153 $49,974 $181,179
2017 $2,621 $226,622 $48,995 $177,627
2016 $2,455 $222,180 $48,035 $174,145
2015 $2,420 $218,844 $47,314 $171,530
2014 $2,397 $214,559 $46,388 $168,171
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22244131

California Regional Multiple Listing Service (CRMLS)

APN: 210-091-028