NOT LISTED FOR SALE

Estimated Value: $497,000 - $610,000

6 Beds
3 Baths
1,930 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 10, 2016

Last sale price $317,900 $165 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,512/month

72 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Wood Fence
  • Polytechnic High School Rated A-
  • Tile Flooring
  • Wall Furnace

About This Home

As of May 2016

Come and let your eyes do all the work. This property is great for a buyer with a large or small family or an investor looking to collect on the rents. This Tri-plex is not going to last. the front unit features a 3 bedroom 1 full bathroom with a full living room, full dining room and full kitchen with a indoor laundry room. The middle unit is a 1 bedroom 1 bathroom studio. The back unit is a 2 bedroom 1 full bathroom with a large kitchen and living room. The lot has a large carport to fit cars for everyone. Don't let this money maker pass you buy. Close to the 91, 60, and 215 freeway; walking distance to the metro station; within 5 minutes of the RCC and UCR as well as located in a historic area of downtown Riverside. Property also has new renovations throughout the house: kitchen, tile floors, bathroom and kitchen in front house completely renovated. Call today for an appointment before its too late.

Last Agent to Sell the Property

Nick Jenkins

Human Matrix Real Estate License #01851941 Listed on: 02/19/2016

Last Buyer's Agent

CHAU NGUYEN

WESTERN REALTY& INV. License #00886002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,090

Year Built

  • Built in 1949

Lot Details

  • 6,098 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Chain Link Fence
  • Back and Front Yard

Parking

  • 6 Parking Spaces

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 1,930 Sq Ft Home
  • Tile Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas, HVAC maintenance, water
  • Tax Lot 131
  • Tax Tract Number 305
  • Assessor Parcel Number 221032019

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $650
  • Trash Expense $480
  • Water Sewer Expense $600
  • New Taxes Expense $1,756
  • Gross Income $3,175
  • Net Operating Income $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,090

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 221032019
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 164.72

Exterior Features

  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 52.13
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas, HVAC Maintenance, Water

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 3175.00
  • Gross Scheduled Income: 3175.00
  • Insurance Expense: 650.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 3000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 175.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1756.00
  • Tax Lot: 131
  • Tax Tract Number: 305.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Mar 31, 2016
Sold by
Bournes Connie
Bought by
Gutierrez Antonio
Seller's Agent
Nick Jenkins
Human Matrix Real Estate
Buyer's Agent
CHAU NGUYEN
WESTERN REALTY& INV.
List Price
$324,900
Sold Price
$317,900
Premium/Discount to List
-$7,000
-2.15%
Total Days on Market
72
Current Estimated Value
$564,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,875
Avg. Annual Appreciation
6.95%
Original Mortgage
$238,425
Outstanding Balance
$194,143
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$391,016

Purchase Details

Closed on
Jun 24, 2014
Sold by
Bournes Connie
Bought by
Bournes Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,200
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2014
Sold by
Bournes Howard and Bournes Connie
Bought by
Bournes Connie and Bournes Concepcion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,200
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2011
Sold by
Chaidez Hector and Chaidez Maria Antonia
Bought by
Bournes Howard and Bournes Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 1998
Sold by
Bergara Hector
Bought by
Chaidez Hector and Chaidez Maria Antonia

Purchase Details

Closed on
Jan 20, 1998
Sold by
Nguyen An Huu and Nguyen Ngoc Tuyet
Bought by
Bergara Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,132
Interest Rate
7.06%
Mortgage Type
FHA
Source: Public Records

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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
Gutierrez Antonio $318,000 Fidelity National Title
Bournes Connie -- First American Title Company
Bournes Howard -- Stewart Title Riverside
Chaidez Hector -- Northern Counties Title Co
Bergara Hector $94,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Antonio $238,425
Previous Owner Bournes Connie $179,200
Previous Owner Bournes Howard $112,500
Previous Owner Chaidez Hector $344,000
Previous Owner Chaidez Hector $221,000
Previous Owner Bergara Hector $94,132
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2016 05/10/16 Sold $317,900 -2.2% $165 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $324,900 -- $168 / 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
2023 $4,090 $360,686 $102,401 $258,285
2022 $3,998 $353,615 $100,394 $253,221
2021 $3,949 $346,682 $98,426 $248,256
2020 $3,919 $343,128 $97,417 $245,711
2019 $3,846 $336,401 $95,507 $240,894
2018 $3,771 $329,806 $93,636 $236,170
2017 $3,705 $323,340 $91,800 $231,540
2016 $1,781 $159,151 $47,745 $111,406
2015 $1,756 $156,763 $47,029 $109,734
2014 $1,739 $153,694 $46,108 $107,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16033514

California Regional Multiple Listing Service (CRMLS)

APN: 221-032-019