NOT LISTED FOR SALE

Estimated Value: $1,147,645 - $1,293,000

2 Beds
2 Baths
4,200 Sq Ft
$295/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $885,000 $211 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,764/month

114 Days on Market

Highlights

  • Clubhouse
  • Community Pool
  • Laundry Room
  • Lawn
  • Security Service
  • Level Lot

About This Home

As of February 2021

3029 Canyon Crest Drive is a 4-unit multifamily investment property located in Riverside, CA. Built in 1965 and situated on an 8,276 square foot lot, 3029 Canyon Crest Drive offers 4 spacious 2 bedroom / 1.5 bath townhome units and amenities including garage parking, security doors, private patios, fireplaces, and on-site laundry. The property's parking is also supplemented by ample street and alley parking spots. 3029 Canyon Crest Drive is located in a HOA-governed community which provides residents with access to the community's amenities and also covers landscaping, security, trash, and pool maintenance. Value add potential and roughly 20% below market rents. This property is to be sold-as-is.

Last Agent to Sell the Property

Johnny Chang

Johnny Chang Broker License #01961748 Listed on: 09/24/2020

Last Buyer's Agent

Karen Yu

Mountain View Capital, Inc. License #01909924

Mountain View Capital, Inc.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1965

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Lawn

HOA Fees

  • $420 Monthly HOA Fees

Parking

  • 4 Car Garage

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 2602
  • Assessor Parcel Number 250121004

Community Details

Overview

  • 4 Units
  • Maintained Community

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,203
  • Maintenance Expense $3,000
  • Other Expense $9,519
  • New Taxes Expense $8,950
  • Operating Expense $22,672
  • Gross Income $64,992
  • Net Operating Income $40,390

Security

  • Security Service

Property Details

Home Type

Apartment

Year Built

Built in 1965

Lot Details

0

HOA Fees

$420 per month

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 250121004
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 210.71

Exterior Features

  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Clubhouse, Maintenance Grounds, Trash, Security
  • Association Fee: 420.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Gross Income: 64992.00
  • Gross Operating Income: 63062.00
  • Gross Scheduled Income: 64332.00
  • Insurance Expense: 1203.00
  • Laundry Income: 660.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 40390.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22672.00
  • Other Expense: 9519.00
  • Other Expense Description: HOA & UT
  • Rent Control: Yes
  • Total Actual Rent: 5361.00
  • Total Expenses: 22672.00

Tax Info

  • New Taxes Expense: 8950.00
  • Tax Census Tract: 422.10
  • Tax Lot: 4
  • Tax Tract Number: 2602

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Feb 3, 2021
Sold by
Soekodanu Affandy D
Bought by
Vonc Inc
Seller's Agent
Johnny Chang
Johnny Chang Broker
Buyer's Agent
Karen Yu
Mountain View Capital, Inc.
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%
Current Estimated Value
$1,238,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,161
Avg. Annual Appreciation
7.06%

Purchase Details

Listed on
Jun 3, 2017
Closed on
Jun 30, 2017
Sold by
Judd Bradley M and Judd Pamela J
Bought by
Soekodanu Affandy D
Seller's Agent
Elizabeth Oliverio
Circa Properties, Inc.
Buyer's Agent
Elizabeth Oliverio
Circa Properties, Inc.
List Price
$699,000
Sold Price
$625,000
Premium/Discount to List
-$74,000
-10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.58%
Original Mortgage
$437,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2013
Sold by
Judd Bradley M and Judd Pamela J
Bought by
Judd Bradley M and Judd Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,600
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2005
Sold by
Judd Bradley and Judd Pamela
Bought by
Judd Bradley M and Judd Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2005
Sold by
Rengert Therese
Bought by
Judd Bradley and Judd Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2004
Sold by
Welch Danny B and Welch Debra S
Bought by
Rengert Therese

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
4.26%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2002
Sold by
Li Anthony C
Bought by
Welch Danny B and Welch Debra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Vonc Inc $885,000 Chicago Title Company
Soekodanu Affandy D $625,000 Western Resources Title Comp
Judd Bradley M -- Title Source
Judd Bradley M -- Title Source
Judd Bradley M -- --
Judd Bradley $625,000 Fidelity National Title
Rengert Therese $520,000 First American Title Co
Welch Danny B $260,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soekodanu Affandy D $437,000
Previous Owner Judd Bradley M $314,600
Previous Owner Judd Bradley $355,000
Previous Owner Rengert Therese $416,000
Previous Owner Welch Danny B $234,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2021 02/05/21 Sold $885,000 -1.1% $211 / Sq Ft
01/16/2021 01/16/21 Pending -- -- --
09/24/2020 09/24/20 For Sale $895,000 +43.2% $213 / Sq Ft
08/21/2017 08/21/17 Sold $625,000 -7.4% $164 / Sq Ft View Prior Sale
06/27/2017 06/27/17 Pending -- -- --
06/13/2017 06/13/17 Price Changed $675,000 -3.4% $178 / Sq Ft
06/03/2017 06/03/17 For Sale $699,000 -- $184 / 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 $10,441 $957,951 $184,013 $773,938
2023 $10,441 $920,754 $176,868 $743,886
2022 $10,205 $902,700 $173,400 $729,300
2021 $7,509 $656,986 $131,397 $525,589
2020 $7,452 $650,250 $130,050 $520,200
2019 $7,313 $637,500 $127,500 $510,000
2018 $7,172 $625,000 $125,000 $500,000
2017 $5,121 $441,001 $78,278 $362,723
2016 $4,890 $441,001 $78,278 $362,723
2015 $4,667 $420,000 $74,550 $345,450
2014 $4,496 $400,000 $71,000 $329,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20200176

California Regional Multiple Listing Service (CRMLS)

APN: 250-121-004