NOT LISTED FOR SALE

3000 Canyon Crest Dr Riverside, CA 92507

University Neighborhood
20 Beds
13 Baths
11,500 Sq Ft
0.57 Acres

Last Sold January 11, 2013

Last sale price $1,500,000 $130 Per Sq Ft

300 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Central Air
  • 0.57 Acre Lot
  • Laundry Room
  • Heating Available

About This Home

As of January 2013

All 2 bedromms. Central Air Condition. Recently upgraded by owner: All units have individule water heaters. Some of them are brand new. All units have brand central air conditioners. All units have brand new kitchen cabinets, granite countertops, and floors. All units have newly remodeled bathrooms. New copper repiped. All units have recently been painted. All units have new doors and windows. All units have brand new flooring. This gated community has an actual income of $152,460. Potential Income:$170,400. Separate gas and electric meters. Low expenses. All 2 Bedrooms. Building is 11,500 sq. ft. and lot is 24,962 sq. ft. Built in 1968. 14 carport and 14 space parking. Well maintained by owner and tenants. Property amenities include: gated community, swimming pool and onsite laundry. 100% occupied. Canyon Crest is a 14-unit apartment complex located on Baine and Crest Canyon. Lot of restaurants and shopping centers near by. Easy access to I-215 and Highway 60 providing job opportunities in Riverside and Los Angeles Counties.

Last Agent to Sell the Property

LIQUN LI

MERIDIAN CAPITAL REAL ESTATE License #01865295 Listed on: 01/31/2012

Last Buyer's Agent

Benjamin Lin

1000 Realty Corporation License #01383988

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.57

Interior Spaces

  • 11,500 Sq Ft Home
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 13 Bathrooms

Parking

  • 28 Parking Spaces
  • 14 Carport Spaces

Utilities

  • Central Air
  • Heating Available

Additional Features

  • In Ground Pool
  • 0.57 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, repairs
  • Tax Lot 252
  • Tax Tract Number 252
  • Assessor Parcel Number 251060001

Community Details

Overview

  • 14 Units

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $3,400
  • Trash Expense $2,000
  • Water Sewer Expense $2,800
  • New Taxes Expense $17,190
  • Gross Income $12,705
  • Net Operating Income $125,311

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • View: Yes
  • Water Sewer Expenses: 2800.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 251060001
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 130.43

Exterior Features

  • View: Mountain(s)
  • Pool Features: In Ground
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 14.00
  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Individual Room
  • Trash Expense: 2000.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 24962.00
  • Lot Size Acres: 0.5700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Repairs

Multi Family

  • Gross Income: 12705.00
  • Gross Scheduled Income: 152460.00
  • Insurance Expense: 3400.00
  • Lot Size Area: 24962.0000 Square Feet
  • Net Operating Income: 125311.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 27149.00
  • Rent Control: No
  • Total Actual Rent: 12705.00

Tax Info

  • New Taxes Expense: 17190.00
  • Tax Lot: 252
  • Tax Tract Number: 252
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2013 01/11/13 Sold $1,500,000 0.0% $130 / Sq Ft
11/26/2012 11/26/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $1,500,000 -- $130 / 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 $20,459 $1,847,128 $591,078 $1,256,050
2023 $20,459 $1,775,404 $568,127 $1,207,277
2022 $19,998 $1,740,593 $556,988 $1,183,605
2021 $19,756 $1,706,465 $546,067 $1,160,398
2020 $19,580 $1,688,968 $540,468 $1,148,500
2019 $19,187 $1,655,852 $529,871 $1,125,981
2018 $18,787 $1,633,234 $519,482 $1,113,752
2017 $18,477 $1,603,002 $509,297 $1,093,705
2016 $17,309 $1,572,300 $499,311 $1,072,989
2015 $17,060 $1,548,287 $491,812 $1,056,475
2014 $16,845 $1,512,705 $482,179 $1,030,526
Source: Public Records

Agents Affiliated with this Home

  • LIQUN LI

    Seller's Agent in 2013

    LIQUN LI

    MERIDIAN CAPITAL REAL ESTATE

    (714) 213-5031

    1 Total Sale

    LIQUN LI
    Section Image
  • Benjamin Lin

    Buyer's Agent in 2013

    Benjamin Lin

    1000 Realty Corporation

    (626) 200-5004

    12 Total Sales

    Benjamin Lin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12013967

California Regional Multiple Listing Service (CRMLS)

APN: 251-060-001

California Riverside County Riverside 92507 University

3000 Canyon Crest Dr, Riverside, CA

Not Listed for Sale

MultiFamily

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