NOT LISTED FOR SALE

Estimated Value: $459,000 - $1,091,000

7 Beds
3 Baths
2,968 Sq Ft
$284/Sq Ft Est. Value

Last Sold June 19, 2023

Last sale price $865,000 $291 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,272/month

154 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Central Heating and Cooling System
  • Polytechnic High School Rated A-
  • Laundry Room
  • 2 Car Garage

About This Home

As of June 2023

Corner Lot Property in a very quiet neighborhood. Located near the 60/91/215 FWY and 5 minutes from the center of Riverside. Triplex property that you can live in while renting out the other units. A great investment property! Main home is a three-bedroom, one-bath house, plus a Duplex (3363-3365 Park Ave), each unit is 2 bdrm/1bath. The main house is very nice and cozy with a fireplace, stairway, and upgraded kitchen. Spacious living room, dining room. The property also has a huge common yard space for personal use or parking. Current rents are under market, so great potential for increased income and value. Property can be purchased individually or as a portfolio of properties in Riverside (8320 Mission Blvd, 2121 Down, 3382 Eucalyptus Ave). Sold in as-is present condition. Current rents: 3363 Park :1500.00, 3365 Park: 1455.00 2902 4th 1850.00 Total rent per month: 4805.00

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

Jason Coleman

Jag Real Estate Lifestyle License #01980674

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,725

Year Built

  • Built in 1902

Lot Details

  • 10,454 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Driveway
  • Parking Lot

Home Design

  • Triplex

Interior Spaces

  • 2,968 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Dining Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 15 / 2
  • Assessor Parcel Number 211021012
  • $88 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $45,814
  • Net Operating Income $45,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,725

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.05
  • Price Per Unit: 323000
  • Property Attached: No
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 211021012
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Fireplace Features: Dining Room
  • Levels: Two
  • Price Per Square Foot: 291.44
  • Room Type: Family Room, Kitchen

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • 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: 10454.00
  • Lot Size Acres: 0.2400

Multi Family

  • Gross Income: 45814.00
  • Gross Scheduled Income: 57660.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 45814.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11847.00
  • Rent Control: No

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 304.00
  • Tax Lot: 15
  • TaxOtherAnnualAssessmentAmount: 88.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2024
Sold by
Khemlani Suniel and Lalwani Megha
Bought by
1 Park Avenue Statutory Trust
Current Estimated Value
$841,455

Purchase Details

Listed on
Nov 23, 2022
Closed on
May 15, 2023
Sold by
Gale Peter A
Bought by
Khemlani Suniel and Lalwani Megha
Seller's Agent
Joan Chase Swing
RE/MAX College Park Realty
Buyer's Agent
Jason Coleman
Jag Real Estate Lifestyle
List Price
$1,129,000
Sold Price
$865,000
Premium/Discount to List
-$264,000
-23.38%
Views
173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.20%
Original Mortgage
$692,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2021
Sold by
Ford Cheryl A
Bought by
Gale Peter A

Purchase Details

Closed on
Feb 22, 2021
Sold by
Gale Reginaldo Antonio
Bought by
Reginalod Antonio Gale Living Trust and Ford

Purchase Details

Closed on
May 22, 2019
Sold by
Gale Reginaldo A
Bought by
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
$384,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2019
Sold by
Reginaldo Antonio Gale Living Trust
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
$384,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2018
Sold by
Gale Reginaldo A
Bought by
Gale Reginaldo Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2005
Sold by
Gale Reginaldo A
Bought by
Gale Reginaldo A

Purchase Details

Closed on
Jul 18, 2005
Sold by
Ford Cheryl A and Gale Ford Cheryl A
Bought by
Gale Reginaldo A

Purchase Details

Closed on
May 14, 2004
Sold by
Gale Reginald
Bought by
Gale Reginald and 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
$304,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2004
Sold by
Gale Reginaldo A and Ford Cheryl A
Bought by
Gale Reginald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2003
Sold by
Ford Anthony H
Bought by
Ford Cheryl A

Purchase Details

Closed on
May 27, 2003
Sold by
Iacob Teofil and Iacob Eugenia
Bought by
Gale Reginald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
1 Park Avenue Statutory Trust -- None Listed On Document
Khemlani Suniel $438,409 Wfg National Title
Gale Peter A -- None Available
Reginalod Antonio Gale Living Trust -- --
Reginaldo Antonio Gale Living Trust -- Accommodation
Gale Reginaldo A -- Lawyers Title
Gale Reginaldo Antonio -- Lawyers Title
Gale Reginaldo A -- Lawyers Title
Gale Reginaldo A -- --
Gale Reginaldo A -- Commerce Title Company
Gale Reginald -- Commerce Title Company
Gale Reginald -- Commerce Title Company
Ford Cheryl A -- --
Gale Reginald -- --
Gale Reginald $260,000 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khemlani Suniel $692,000
Previous Owner Gale Reginaldo A $384,000
Previous Owner Gale Reginaldo A $357,000
Previous Owner Gale Reginald $304,000
Previous Owner Gale Reginald $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2023 06/19/23 Sold $865,000 -10.7% $291 / Sq Ft
05/03/2023 05/03/23 Price Changed $969,000 -3.0% $326 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/03/2023 04/03/23 Price Changed $999,000 -2.0% $337 / Sq Ft
03/15/2023 03/15/23 Price Changed $1,019,000 -3.6% $343 / Sq Ft
02/07/2023 02/07/23 Price Changed $1,057,000 -6.4% $356 / Sq Ft
11/23/2022 11/23/22 For Sale $1,129,000 -- $380 / 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 $9,725 $899,946 $270,504 $629,442
2023 $9,725 $422,734 $95,997 $326,737
2022 $4,514 $399,506 $81,904 $317,602
2021 $4,877 $429,402 $111,139 $318,263
2020 $4,423 $387,659 $79,476 $308,183
2019 $4,340 $380,059 $77,918 $302,141
2018 $4,256 $372,608 $76,391 $296,217
2017 $4,180 $365,303 $74,894 $290,409
2016 $3,912 $358,141 $73,426 $284,715
2015 $3,857 $352,764 $72,324 $280,440
2014 $3,325 $300,000 $90,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22243847

California Regional Multiple Listing Service (CRMLS)

APN: 211-021-012