Seller's Agent in 2021
Fernando Reza
KELLER WILLIAMS COVINA
(626) 388-5518
2 in this area
98 Total Sales
2944 6th St Riverside, CA 92507
Eastside NeighborhoodEstimated Value: $613,323 - $981,000
7
Beds
3
Baths
3,600
Sq Ft
$211/Sq Ft
Est. Value
Highlights
- Bonus Room
- Lawn
- Cooling System Mounted To A Wall/Window
- Polytechnic High School Rated A-
- No HOA
- Laundry Room
About This Home
As of March 2021BACK ON THE MARKET! A Great Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO). SRO dwelling and has a newer roof about 6 years old. This property offers 2 unit front house, a 2nd structure for storage and a 3rd larger Structure rear unit that houses 9 studio Dorm style bedrooms with a common kitchen. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house with kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or game room. Other bldg has 9 bunk/dorm style bedrooms with common bathroom and kitchen. Dorm #9 is much larger at rear with separate entry. These bunk studios share a Common bathroom and shower room with laundry sink and small Kitchen area. Dorm / Bunk units rented on average at $450-$500 each. Currently owner pays for all utilities except for the main house. Some Parking on driveway.
Last Agent to Sell the Property
KELLER WILLIAMS COVINA License #01451616 Listed on: 09/14/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,228
Year Built
- Built in 1915
Lot Details
- 10,019 Sq Ft Lot
- No Common Walls
- Lawn
- Back and Front Yard
Home Design
- Raised Foundation
- Slab Foundation
Interior Spaces
- 3,600 Sq Ft Home
- 1-Story Property
- Bonus Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
- Wall Furnace
Additional Features
- Outdoor Storage
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 11 / 8
- Tax Tract Number 6
- Assessor Parcel Number 211072008
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 11 Units
Amenities
- Laundry Facilities
Building Details
- 11 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $1,500
- Maintenance Expense $2,160
- Other Expense $12,000
- Professional Management Expense $7,860
- New Taxes Expense $6,500
- Operating Expense $24,480
- Gross Income $78,600
- Net Operating Income $54,120
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 14, 2020
Closed on
Mar 22, 2021
Sold by
Chea Edward and Dubreuilh Camille
Bought by
Le Trung Huu and Le Kailyn Ngan
Seller's Agent
Fernando Reza
KELLER WILLIAMS COVINA
Buyer's Agent
Fernando Reza
KELLER WILLIAMS COVINA
List Price
$699,999
Sold Price
$630,000
Premium/Discount to List
-$69,999
-10%
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
$130,331
Avg. Annual Appreciation
1.70%
Original Mortgage
$106,000
Outstanding Balance
$96,167
Interest Rate
3.17%
Mortgage Type
FHA
Estimated Equity
$583,125
Purchase Details
Listed on
Jan 31, 2017
Closed on
Apr 27, 2017
Sold by
Moran Shirley K
Bought by
Chea Edward
Seller's Agent
Amy Beckum
Coldwell Banker Residential
Buyer's Agent
Fernando Reza
KELLER WILLIAMS COVINA
List Price
$599,000
Sold Price
$540,000
Premium/Discount to List
-$59,000
-9.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$408,000
Interest Rate
4.02%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 27, 2007
Sold by
Moran Shirley K
Bought by
Moran Shirley K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 3, 2005
Sold by
Morgan James A and Moran Shirley K
Bought by
Moran James A and Moran Shirley K
Purchase Details
Closed on
Feb 6, 1995
Sold by
Perfect Charles L and Perfect Katherine I
Bought by
Moran James A and Moran Shirley K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
9.09%
Mortgage Type
Seller Take Back
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 |
|---|---|---|---|
| Le Trung Huu | $630,000 | Fidelity National Title | |
| Chea Edward | $540,000 | Lawyers Title | |
| Moran Shirley K | -- | Fidelity V N | |
| Moran Shirley K | -- | None Available | |
| Moran James A | -- | -- | |
| Moran James A | $150,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Le Trung Huu | $106,000 | |
| Closed | Le Trung Huu | $475,000 | |
| Closed | Le Trung Huu | $106,000 | |
| Previous Owner | Chea Edward | $408,000 | |
| Previous Owner | Moran Shirley K | $300,000 | |
| Previous Owner | Moran James A | $262,500 | |
| Previous Owner | Moran James A | $178,750 | |
| Previous Owner | Moran James A | $125,000 | |
| Closed | Moran James A | $10,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/26/2021 03/26/21 | Sold | $630,000 | -7.2% | $175 / Sq Ft |
| 11/19/2020 11/19/20 | Price Changed | $679,000 | -0.1% | $189 / Sq Ft |
| 11/19/2020 11/19/20 | Price Changed | $679,999 | -2.9% | $189 / Sq Ft |
| 09/14/2020 09/14/20 | For Sale | $699,999 | +29.6% | $194 / Sq Ft |
| 06/22/2017 06/22/17 | Sold | $540,000 | -3.6% | $150 / Sq Ft |
| 03/20/2017 03/20/17 | Price Changed | $560,000 | -6.5% | $156 / Sq Ft |
| 01/31/2017 01/31/17 | For Sale | $599,000 | -- | $166 / 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 | $7,228 | $667,498 | $79,590 | $587,908 |
| 2023 | $7,228 | $641,580 | $76,500 | $565,080 |
| 2022 | $7,215 | $642,600 | $161,160 | $481,440 |
| 2021 | $6,542 | $578,988 | $150,108 | $428,880 |
| 2020 | $6,493 | $573,052 | $148,569 | $424,483 |
| 2019 | $6,370 | $561,816 | $145,656 | $416,160 |
| 2018 | $6,246 | $550,800 | $142,800 | $408,000 |
| 2017 | $2,283 | $195,351 | $50,637 | $144,714 |
| 2016 | $2,128 | $191,522 | $49,645 | $141,877 |
| 2015 | $2,098 | $188,647 | $48,900 | $139,747 |
| 2014 | $2,078 | $184,953 | $47,943 | $137,010 |
Source: Public Records
Agents Affiliated with this Home
-
Fernando Reza
-
Amy Beckum
Seller's Agent in 2017
Amy Beckum
Coldwell Banker Residential
(909) 234-8984
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20189858
APN: 211-072-008
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