NOT LISTED FOR SALE

2450 Mission Inn Ave Riverside, CA 92507

Eastside Neighborhood

Estimated Value: $664,000 - $823,000

6 Beds
3 Baths
2,613 Sq Ft
$285/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $410,000 $157 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $4,404/month

74 Days on Market

Highlights

  • Evaporated cooling system
  • Polytechnic High School Rated A-
  • 3 Car Garage

About This Home

As of October 2016

Great 3-unit investment opportunity with good cash flow. Two side-by-side units in the front building, and one in the back building. Every unit has 2 bedrooms, 1 bath, and inside laundry. Detached building with 3 one-car garage on a large lot. Front yard and backyard between the buildings. All single story. Close to downtown Riverside, UCR, and 91 & 60 freeway.

Last Agent to Sell the Property

Calvin Lin

Diamond Trust Realty License #01043310 Listed on: 07/15/2016

Last Buyer's Agent

Calvin Lin

Diamond Trust Realty License #01043310 Listed on: 07/15/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,170

Year Built

  • Built in 1921

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 2,613 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 211141010

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,000
  • Water Sewer Expense $700
  • New Taxes Expense $4,598
  • Gross Income $2,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,170

Year Built

Built in 1921

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 700.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 211141010
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 156.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 12197.00
  • Price Per Lot Square Foot: 34.27

Multi Family

  • Gross Income: 2750.00
  • Gross Scheduled Income: 33000.00
  • Insurance Expense: 1000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 6
  • Rent Control: No
  • Total Actual Rent: 2750.00

Tax Info

  • New Taxes Expense: 4598.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Oct 24, 2016
Sold by
La Aina Llc
Bought by
Zhang Christina
Seller's Agent
Calvin Lin
Diamond Trust Realty
Buyer's Agent
Calvin Lin
Diamond Trust Realty
List Price
$418,000
Sold Price
$410,000
Premium/Discount to List
-$8,000
-1.91%
Current Estimated Value
$745,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,745
Avg. Annual Appreciation
6.91%
Original Mortgage
$307,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2016
Sold by
Kortsch William D
Bought by
La Aina Llc

Purchase Details

Closed on
Jan 29, 2013
Sold by
Liceaga Giancarlo
Bought by
Kortsch William E and Kortsch Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
3.54%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 20, 2012
Sold by
Kortsch William E
Bought by
Liceaga Giancarlo

Purchase Details

Closed on
Jan 5, 2011
Sold by
Kortsch William E
Bought by
Kortsch William E and The Kortsch Family Trust
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
Zhang Christina $410,000 Chicago Title Company
La Aina Llc $292,000 None Available
Kortsch William E -- Lawyers Title
Liceaga Giancarlo -- None Available
Kortsch William E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Christina $291,100
Closed Zhang Christina $307,500
Previous Owner Kortsch William E $182,000
Previous Owner Kortsch William E $100,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $410,000 -1.9% $157 / Sq Ft
09/27/2016 09/27/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $418,000 -- $160 / 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 $5,170 $475,834 $127,661 $348,173
2023 $5,170 $457,358 $122,704 $334,654
2022 $5,053 $448,392 $120,299 $328,093
2021 $4,986 $439,601 $117,941 $321,660
2020 $4,949 $435,094 $116,732 $318,362
2019 $4,856 $426,564 $114,444 $312,120
2018 $4,761 $418,200 $112,200 $306,000
2017 $4,677 $410,000 $110,000 $300,000
2016 $2,528 $228,846 $62,411 $166,435
2015 $2,492 $225,411 $61,475 $163,936
2014 $2,468 $220,998 $60,272 $160,726
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Calvin Lin

    Diamond Trust Realty

    (909) 525-6739

    1 in this area

    21 Total Sales

    Calvin Lin
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16154437

California Regional Multiple Listing Service (CRMLS)

APN: 211-141-010

California Riverside County Riverside 92507 Eastside

2450 Mission Inn Ave, Riverside, CA

This home is located at 2450 Mission Inn Ave, Riverside, CA 92507 since 15 July 2016 and is currently estimated at $745,745, approximately $285 per square foot. This property was built in 1921. 2450 Mission Inn Ave is a home located in Riverside County with nearby schools including Longfellow Elementary School, University Heights Middle School, and Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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