$375,000
SOLD MAY 10, 2013

2963 Elgin Dr Riverside, CA 92507

University Neighborhood
4 Beds
2 Baths
4,100 Sq Ft
7,295 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

6% Below List Price

2 Days on Market

Highlights

  • In Ground Pool
  • Laundry Room
  • Central Heating
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Wood Fence

About This Home

As of May 2013

Standard Sale Fourplex. 2 bedrooms 1.5 baths in each unit, two floors, all units rented, fenced courtyard for each unit, shared 4 car garage, pay for use laundry room, fireplace in each unit, easy to rent and maintain.

Last Agent to Sell the Property

MICHAEL GREEN

WSR REAL ESTATE License #01451611 Listed on: 03/23/2013

Last Buyer's Agent

MICHAEL GREEN

WSR REAL ESTATE License #01451611 Listed on: 03/23/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,295 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Level Lot

HOA Fees

  • $394 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Property Attached
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 4,100 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 16
  • Tax Tract Number 2602
  • Assessor Parcel Number 250122006

Community Details

Overview

  • 4 Units
  • University Townhomes Association

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $429
  • Insurance Expense $1,200
  • Pest Control $1,455
  • Professional Management Expense $4,000
  • Trash Expense $500
  • Water Sewer Expense $1,500
  • New Taxes Expense $4,280
  • Gross Income $35
  • Net Operating Income $24,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

HOA Fees

$394 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 250122006
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 91.46
  • Room Type: All Bedrooms Up

Exterior Features

  • Fencing: Wood
  • Pool Features: Association, In Ground
  • Pool Private: Yes
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Range Hood
  • Heating Type: Central
  • Laundry Features: Community
  • Pest Control Expense: 1455.00
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Trash
  • Association Fee: 394.00
  • Association Fee Frequency: Monthly
  • Association Name: University Townhomes
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Suburban

Lot Info

  • Lot Features: Level, Landscaped, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 7295.00
  • Lot Size Acres: 0.1670

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 429.00
  • Gross Income: 35.00
  • Gross Scheduled Income: 43000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7295.0000 Square Feet
  • Maintenance Percent: 10.00
  • Net Operating Income: 24500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 18500.00
  • Rent Control: No
  • Total Actual Rent: 3550.00

Tax Info

  • New Taxes Expense: 4280.00
  • Tax Lot: 16
  • Tax Tract Number: 2602

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Rented $2,299 +4.5% --
12/16/2023 12/16/23 Off Market $2,199 -- --
10/21/2023 10/21/23 For Rent $2,199 -8.2% --
11/15/2022 11/15/22 Rented $2,395 +4.4% --
11/03/2022 11/03/22 Price Changed $2,295 -4.2% $2 / Sq Ft
10/30/2022 10/30/22 For Rent $2,395 +19.8% --
10/23/2021 10/23/21 Rented $1,999 0.0% --
10/15/2021 10/15/21 For Rent $1,999 0.0% --
05/10/2013 05/10/13 Sold $375,000 -6.0% $91 / Sq Ft
03/25/2013 03/25/13 Pending -- -- --
03/23/2013 03/23/13 For Sale $399,000 -- $97 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Babai

    Seller's Agent in 2023

    John Babai

    John Babai, Broker

    (951) 733-1989

    74 Total Sales

    John Babai
    Section Image

  • M

    Seller's Agent in 2013

    MICHAEL GREEN

    WSR REAL ESTATE

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13051271

California Regional Multiple Listing Service (CRMLS)

APN: 250-122-006

California Riverside County Riverside 92507 University

2963 Elgin Dr, Riverside, CA

This home is located at 2963 Elgin Dr, Riverside, CA 92507 and is currently priced at $375,000, approximately $91 per square foot. This property was built in 1969. 2963 Elgin Dr is a home located in Riverside County with nearby schools including Highland Elementary, University Heights Middle School, and John W. North High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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