Seller's Agent in 2021
Parham Khoshbakhtian
Parham Khoshbakhtian, Broker
(949) 929-5901
1 in this area
3 Total Sales
2470 Mission Inn Ave Riverside, CA 92507
Eastside NeighborhoodEstimated Value: $922,000 - $1,505,000
7
Beds
5
Baths
3,562
Sq Ft
$334/Sq Ft
Est. Value
Highlights
- New Construction
- Laundry Room
- 4 Car Garage
- Polytechnic High School Rated A-
About This Home
As of August 2021New construction duplex in downtown Riverside approx. 2 miles from UC Riverside with one 4 bedroom 3 bath unit and one 3 bedroom 2 bath unit. This building offers a prospective buyer immediate cash from in a strong rental market in a building where no expense was spared in construction.
Last Agent to Sell the Property
Parham Khoshbakhtian, Broker License #01446947 Listed on: 06/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,019
Year Built
- Built in 2020 | New Construction
Lot Details
- 8,020 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- Parking Available
Home Design
- 3,562 Sq Ft Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 14 / 11
- Tax Tract Number 13
- Assessor Parcel Number 211131013
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $920
- New Taxes Expense $10,989
- Operating Expense $11,909
- Gross Income $64,800
- Net Operating Income $52,891
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 1, 2021
Closed on
Jul 26, 2021
Sold by
Carcelen Jose Luis and Carcelen Rosalie Leann
Bought by
Progeny Properties Llc
Seller's Agent
Parham Khoshbakhtian
Parham Khoshbakhtian, Broker
Buyer's Agent
Kevin Gonzalez
eXp Realty of Southern California Inc
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,865
Avg. Annual Appreciation
3.14%
Purchase Details
Closed on
Feb 11, 2021
Sold by
New Legacy Development Corp
Bought by
Carcelen Jose Luis and Carcelen Rosalie Leann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
2.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 1, 2018
Sold by
Riverside County
Bought by
Handojo Virgo and Handojo Jeanne
Purchase Details
Closed on
May 2, 2006
Sold by
Wetherell Susan E and Connolly Brendan M
Bought by
Connolly Brendan M and Wetherell Susan E
Purchase Details
Closed on
Mar 23, 2006
Sold by
Wetherell Susan E and Connolly Brendan M
Bought by
Wetherell Susan E and Connolly Brendan M
Purchase Details
Closed on
Sep 2, 2003
Sold by
Coleman Debra Annette
Bought by
Coleman Mitchell K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 23, 2003
Sold by
Cartmill John
Bought by
Coleman Mitchell K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 10, 2002
Sold by
Cartmill John
Bought by
Cartmill John
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Progeny Properties Llc | $1,050,000 | Fidelity Natl Ttl Builder Sv | |
| Carcelen Jose Luis | -- | Solidifi | |
| Handojo Virgo | $93,800 | None Available | |
| New Legacy Development Corp | $76,900 | None Available | |
| Connolly Brendan M | -- | None Available | |
| Wetherell Susan E | -- | None Available | |
| Coleman Mitchell K | -- | First American Title Co | |
| Coleman Mitchell K | $283,500 | First American Title Co | |
| Cartmill John | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Carcelen Jose Luis | $508,000 | |
| Previous Owner | New Legacy Development Corp | $350,000 | |
| Previous Owner | Coleman Mitchell K | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2021 08/10/21 | Sold | $1,050,000 | -4.5% | $295 / Sq Ft |
| 07/15/2021 07/15/21 | For Sale | $1,100,000 | +4.8% | $309 / Sq Ft |
| 07/12/2021 07/12/21 | Off Market | $1,050,000 | -- | -- |
| 06/01/2021 06/01/21 | For Sale | $999,000 | -- | $280 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,019 | $1,114,266 | $279,097 | $835,169 |
| 2023 | $12,019 | $1,071,000 | $268,260 | $802,740 |
| 2022 | $11,745 | $1,050,000 | $263,000 | $787,000 |
| 2021 | $5,178 | $456,839 | $80,939 | $375,900 |
| 2020 | $2,316 | $200,410 | $80,110 | $120,300 |
| 2019 | $941 | $78,540 | $78,540 | $0 |
| 2018 | $2,155 | $97,996 | $97,996 | $0 |
| 2017 | $2,349 | $96,075 | $96,075 | $0 |
| 2016 | $1,068 | $94,192 | $94,192 | $0 |
| 2015 | $1,054 | $92,778 | $92,778 | $0 |
| 2014 | $1,045 | $90,961 | $90,961 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Parham Khoshbakhtian
-
Kevin Gonzalez
Buyer's Agent in 2021
Kevin Gonzalez
eXp Realty of Southern California Inc
(909) 590-8853
1 in this area
120 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21117302
APN: 211-131-013
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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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