NOT LISTED FOR SALE

Estimated Value: $522,000 - $564,000

3 Beds
2 Baths
1,300 Sq Ft
$413/Sq Ft Est. Value

Last Sold June 23, 2016

Last sale price $254,000 $195 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,197/month

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Polytechnic High School Rated A-
  • Carpet
  • 5-minute walk to Dario Vasquez Park

About This Home

As of June 2016

GREAT INVESTMENT OPPORTUNITY! 2 UNITS PROPERTY IN DOWNTOWN OF RIVERSIDE. FRONT UNIT IS 3BED 1.5 BATH, BACK UNIT IS A STUDIO WITH SEPARATE ENTRANCES, SEPARATE METERS, WALKING DISTANCE TO COMMUNITY COLLEGE AND 5 MIN FROM UNIVERSITY OF RIVERSIDE , LONG TERMTENANTS, AND MUCH MORE... DON'T MISS THIS !

Last Agent to Sell the Property

Tiffany Nguyen

Advance Estate Realty License #01429636 Listed on: 04/26/2016

Last Buyer's Agent

Patricia Olvera

United Freedom Realty License #01808296

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,290

Year Built

  • Built in 1908

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Front Yard

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, grounds care, trash collection, water
  • Tax Lot 149
  • Tax Tract Number 30510
  • Assessor Parcel Number 221034011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • New Taxes Expense $2,863
  • Gross Income $1,500
  • Net Operating Income $15,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,290

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 221034011
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Living Room
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 195.38

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6534.00
  • Price Per Lot Square Foot: 38.87

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Trash Collection, Water

Multi Family

  • Average3 Bed Area: 900
  • Average Studio Area: 400
  • Gross Income: 1500.00
  • Gross Scheduled Income: 18000.00
  • Net Operating Income: 15136.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2863.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2863.00
  • Tax Lot: 149
  • Tax Tract Number: 30510

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2016
Closed on
Jun 6, 2016
Sold by
Jc Financial Enterprise Inc
Bought by
Sanchez Sendy
Seller's Agent
Tiffany Nguyen
Advance Estate Realty
Buyer's Agent
Patricia Olvera
United Freedom Realty
List Price
$249,000
Sold Price
$254,000
Premium/Discount to List
$5,000
2.01%
Current Estimated Value
$536,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,333
Avg. Annual Appreciation
8.39%
Original Mortgage
$203,200
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 21, 2015
Closed on
Apr 7, 2015
Sold by
Em Capital Llc
Bought by
Jc Financial Enterprise Inc
Seller's Agent
Dale Beaver
First Choice Real Estate & Loa
Buyer's Agent
Tiffany Nguyen
Advance Estate Realty
List Price
$236,500
Sold Price
$175,000
Premium/Discount to List
-$61,500
-26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.06%

Purchase Details

Closed on
Aug 8, 2011
Sold by
Nuevo Horizonte Llc
Bought by
Em Capital Llc

Purchase Details

Closed on
Feb 2, 2011
Sold by
Mar De Fines Llc
Bought by
Nuevo Horizonte Llc

Purchase Details

Closed on
Jul 15, 2010
Sold by
Heredia Juan L
Bought by
Mar De Fines Llc

Purchase Details

Closed on
Jun 8, 1995
Sold by
Adame Mauro N and Adame Rita D
Bought by
Heredia Juan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,964
Interest Rate
7.59%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Sanchez Sendy $254,000 Orange Coast Title Co Socal
Jc Financial Enterprise Inc $175,000 None Available
Em Capital Llc -- None Available
Nuevo Horizonte Llc -- None Available
Mar De Fines Llc -- None Available
Heredia Juan L $70,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Sendy $300,000
Closed Sanchez Sendy $203,200
Previous Owner Jc Financial Enterprise Inc $200,000
Previous Owner Em Capital Llc $100,000
Previous Owner Heredia Juan L $50,000
Previous Owner Heredia Juan L $240,000
Previous Owner Heredia Juan $170,000
Previous Owner Heredia Juan L $69,964
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2016 06/23/16 Sold $254,000 +2.0% $195 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $249,000 +42.3% $192 / Sq Ft
04/10/2015 04/10/15 Sold $175,000 -26.0% $137 / Sq Ft
03/26/2015 03/26/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $236,500 -- $186 / 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 $3,290 $300,674 $94,699 $205,975
2023 $3,290 $289,001 $91,023 $197,978
2022 $3,216 $283,336 $89,239 $194,097
2021 $3,181 $277,782 $87,490 $190,292
2020 $3,157 $274,934 $86,593 $188,341
2019 $3,098 $269,545 $84,896 $184,649
2018 $3,038 $264,261 $83,232 $181,029
2017 $2,982 $259,080 $81,600 $177,480
2016 $1,976 $177,668 $60,915 $116,753
2015 $1,216 $106,597 $42,639 $63,958
2014 $1,204 $104,510 $41,804 $62,706
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16087395

California Regional Multiple Listing Service (CRMLS)

APN: 221-034-011