$511,000
SOLD JUL 24, 2018
5 Beds
4 Baths
2,240 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$228 Per Sq Ft

2% Above List Price

13 Days on Market

About This Home

As of July 2018

Great Cash Flowing Property!! Property was fully upgraded within the last 2 years. Property fully rented by the City of Riverside Housing Dept, not Sect 8. It is part of the Great City of Riverside's efforts for Housing. This has 3 units of 1 bd 1 ba, and 1 unit of 2 bd 2 ba, City has cleared its as a 4 Unit and of Non-Historic, so Upgrading and Remodeling is ok.

Last Agent to Sell the Property

Manuel Marquez

Golden California License #01223058 Listed on: 06/15/2018

Last Buyer's Agent

Diane S Sanchez

Berkshire Hathaway Home Services California Properties License #01787955

Berkshire Hathaway Home Services California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,259

Year Built

  • Built in 1908

Lot Details

  • 10,454 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 21
  • Assessor Parcel Number 211191009

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,589
  • Fuel Expense $1,577
  • Gardener Expense $1,200
  • Insurance Expense $1,145
  • Professional Management Expense $2,500
  • Water Sewer Expense $3,611
  • New Taxes Expense $6,238
  • Operating Expense $21,248
  • Gross Income $55,500
  • Net Operating Income $34,253

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,259

Year Built

Built in 1908

Lot Details

0

Listing Details

  • CapRate: 6.85
  • Professional Management Expense: 2500.00
  • Property Attached: No
  • Water Sewer Expenses: 3611.00
  • Zoning: M2
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 211191009
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 228.12

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10454.00

Multi Family

  • Electric Expense: 4589.00
  • Fuel Expense: 1577.00
  • Gross Income: 55500.00
  • Gross Scheduled Income: 55500.00
  • Insurance Expense: 1145.00
  • Net Operating Income: 34252.50
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21247.50
  • Rent Control: No
  • Total Expenses: 21247.50

Tax Info

  • New Taxes Expense: 6237.50
  • Tax Census Tract: 304.00
  • Tax Lot: 14
  • Tax Tract Number: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Jul 20, 2018
Sold by
Capitalist Masters Group Llc
Bought by
Community Housing Development Llc
Seller's Agent
Manuel Marquez
Golden California
Buyer's Agent
Diane S Sanchez
Berkshire Hathaway Home Services California Properties
List Price
$499,900
Sold Price
$511,000
Premium/Discount to List
$11,100
2.22%
Current Estimated Value
$828,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,960
Avg. Annual Appreciation
7.10%
Original Mortgage
$420,000
Outstanding Balance
$365,510
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$462,598

Purchase Details

Listed on
Dec 2, 2015
Closed on
Jan 28, 2016
Sold by
Investnotic Dp Fund Iv Llc
Bought by
Capitalist Masters Group Llc
Seller's Agent
Jose Diaz
JOSE ANTONIO DIAZ, BROKER
Buyer's Agent
Aaron Marin
SAN MARINO REALTY
List Price
$299,900
Sold Price
$260,000
Premium/Discount to List
-$39,900
-13.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.32%
Original Mortgage
$340,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2015
Sold by
Investnotic Fund Ii Llc
Bought by
Investnotic Dp Fund Vi Llc

Purchase Details

Listed on
Mar 5, 2015
Closed on
Mar 9, 2015
Sold by
Carignan Tracie Y
Bought by
Investnotic Fun Ii Llc
Seller's Agent
Paco Craig
PACO CRAIG
Buyer's Agent
Paco Craig
PACO CRAIG
List Price
$200,000
Sold Price
$162,500
Premium/Discount to List
-$37,500
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.02%
Original Mortgage
$100,000
Interest Rate
3.73%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Grant Deed $511,000 Lawyers Title
Grant Deed $260,000 Stewart Title Of Ca Inc
Grant Deed -- None Available
Grant Deed -- Stewart Title Of Ca Inc
Grant Deed $162,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 New Conventional
Previous Owner $50,000 Unknown
Previous Owner $340,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $157,612 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2018 07/24/18 Sold $511,000 +2.2% $228 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $499,900 +92.3% $223 / Sq Ft
01/29/2016 01/29/16 Sold $260,000 -13.3% $129 / Sq Ft
01/15/2016 01/15/16 Pending -- -- --
12/02/2015 12/02/15 For Sale $299,900 +84.6% $149 / Sq Ft
03/27/2015 03/27/15 Sold $162,500 -18.8% $81 / Sq Ft
03/09/2015 03/09/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $200,000 -- $100 / 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 $6,259 $1,041,545 $98,505 $943,040
2023 $6,259 $547,892 $94,681 $453,211
2022 $6,119 $537,150 $92,825 $444,325
2021 $6,036 $526,618 $91,005 $435,613
2020 $5,991 $521,219 $90,072 $431,147
2019 $5,879 $511,000 $88,306 $422,694
2018 $3,188 $270,504 $72,828 $197,676
2017 $3,133 $265,200 $71,400 $193,800
2016 $2,939 $260,000 $70,000 $190,000
2015 $2,131 $184,431 $61,477 $122,954
2014 $421 $23,993 $7,912 $16,081
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18141078

California Regional Multiple Listing Service (CRMLS)

APN: 211-191-009