Seller's Agent in 2021
Anthony Tafesh
PINNACLE REAL ESTATE GROUP
(626) 964-5500
3 in this area
80 Total Sales
2932 5th St Riverside, CA 92507
Eastside NeighborhoodEstimated Value: $616,495 - $726,000
4
Beds
3
Baths
1,660
Sq Ft
$409/Sq Ft
Est. Value
Highlights
- No HOA
- Neighborhood Views
- Cooling System Mounted To A Wall/Window
- Polytechnic High School Rated A-
- Double Pane Windows
- Tile Flooring
About This Home
As of January 2021Looking to add another property to your investment portfolio? Don’t miss your chance at this special opportunity in the bustling Riverside area. Located near local freeways and just minutes away from downtown Riverside, your tenants will love the easy commute to the University of California – Riverside and to all of the great local amenities and entertainment. Offering three units, all already tenant occupied and actively paying rent, the return on your investment starts flowing the second you sign the papers.
This property has been carefully maintained by the current owner, including a completely updated second-floor unit, all new dual pane windows, upgraded deck, fresh exterior stucco and paint around the entire property including the garage structure and a newer roof. The main floor is split into two separate units while the larger third unit sits alone on the second floor for added privacy and higher rent. Your tenants will love that each unit comes with its own private garage for covered parking or additional storage. Looking to add even more investment opportunity? There’s plenty of space in the back of the property for future expansion with limitless possibilities. Don’t let this one pass you by! Check it out for yourself today!
Last Agent to Sell the Property
PINNACLE REAL ESTATE GROUP License #02053014 Listed on: 08/26/2020
Last Buyer's Agent
Aaron Mejia
Christie's Int. R.E. SoCal License #01896881
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,923
Year Built
- Built in 1900
Lot Details
- 10,019 Sq Ft Lot
- No Common Walls
- Wood Fence
- Chain Link Fence
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Driveway
Home Design
- Triplex
- Turnkey
- Shingle Roof
- Stucco
Interior Spaces
- 1,660 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Neighborhood Views
- Gas Range
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
- Natural Gas Connected
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, trash collection
- Legal Lot and Block 12 / 6
- Assessor Parcel Number 211071010
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Insurance Expense $900
- Water Sewer Expense $720
- Operating Expense $1,620
- Gross Income $39,540
- Net Operating Income $37,920
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2020
Closed on
Dec 22, 2020
Sold by
Salazar Carlos
Bought by
Rosales Reyna
Seller's Agent
Anthony Tafesh
PINNACLE REAL ESTATE GROUP
Buyer's Agent
Aaron Mejia
Christie's Int. R.E. SoCal
List Price
$499,900
Sold Price
$500,000
Premium/Discount to List
$100
0.02%
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
$173,130
Avg. Annual Appreciation
7.82%
Original Mortgage
$375,000
Outstanding Balance
$336,161
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$370,210
Purchase Details
Closed on
Oct 5, 1998
Sold by
Mcnamara Joseph E and Mcnamara Marie Rose
Bought by
Salazar Carlos
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.84%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 6, 1996
Sold by
Mcnamara Joseph E and Mcnamara Marie Rose
Bought by
Mcnamara Joseph E and Mcnamara Rose Marie
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 |
|---|---|---|---|
| Rosales Reyna | $500,000 | Wfg National Title Company | |
| Salazar Carlos | $75,000 | First American Title Co | |
| Mcnamara Joseph E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rosales Reyna | $375,000 | |
| Previous Owner | Salazar Carlos | $250,000 | |
| Previous Owner | Salazar Carlos | $65,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/06/2021 01/06/21 | Sold | $500,000 | 0.0% | $301 / Sq Ft |
| 12/02/2020 12/02/20 | Pending | -- | -- | -- |
| 09/02/2020 09/02/20 | For Sale | $499,900 | 0.0% | $301 / Sq Ft |
| 09/01/2020 09/01/20 | Off Market | $500,000 | -- | -- |
| 08/26/2020 08/26/20 | For Sale | $499,900 | -- | $301 / 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 | $5,923 | $541,216 | $135,304 | $405,912 |
| 2023 | $5,923 | $520,200 | $130,050 | $390,150 |
| 2022 | $5,789 | $510,000 | $127,500 | $382,500 |
| 2021 | $1,346 | $108,600 | $43,436 | $65,164 |
| 2020 | $1,337 | $107,487 | $42,991 | $64,496 |
| 2019 | $1,313 | $105,381 | $42,149 | $63,232 |
| 2018 | $1,290 | $103,316 | $41,324 | $61,992 |
| 2017 | $1,269 | $101,291 | $40,514 | $60,777 |
| 2016 | $1,194 | $99,306 | $39,720 | $59,586 |
| 2015 | $1,178 | $97,816 | $39,124 | $58,692 |
| 2014 | $1,167 | $95,902 | $38,358 | $57,544 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2021
Aaron Mejia
Christie's Int. R.E. SoCal
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20175174
APN: 211-071-010
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