NOT LISTED FOR SALE

3030 Elgin Dr Riverside, CA 92507

University Neighborhood
2 Beds
2 Baths
4,200 Sq Ft
6,529 Sq Ft Lot

Last Sold June 25, 2019

Last sale price $835,000 $199 Per Sq Ft

7 Days on Market

About This Home

As of June 2019

This home is located at 3030 Elgin Dr, Riverside, CA 92507 since 10 May 2019. This property was built in 1964. 3030 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.

Last Agent to Sell the Property

Sean Hwangbo

RE/MAX TIME REALTY License #01945497 Listed on: 05/10/2019

RE/MAX TIME REALTY

Last Buyer's Agent

Sean Hwangbo

RE/MAX TIME REALTY License #01945497 Listed on: 05/10/2019

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,529 Sq Ft Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 2602
  • Assessor Parcel Number 250121012

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Recreation

  • Community Pool

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $536
  • Insurance Expense $1,000
  • Trash Expense $1
  • Water Sewer Expense $1,488
  • New Taxes Expense $10,658
  • Operating Expense $23,128
  • Gross Income $67,548
  • Net Operating Income $44,449

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.11
  • Property Attached: Yes
  • Water Sewer Expenses: 1488.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 250121012
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 198.81

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 6529.00
  • Lot Size Acres: 0.1499

Multi Family

  • Average2 Bed Area: 1050 Square Feet
  • Electric Expense: 1000.00
  • Fuel Expense: 536.00
  • Gross Income: 67548.00
  • Gross Scheduled Income: 68400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6529.0000 Square Feet
  • Net Operating Income: 44449.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23099.00
  • Rent Control: No
  • Total Expenses: 23128.00

Tax Info

  • New Taxes Expense: 10658.00
  • Tax Census Tract: 422.10
  • Tax Lot: 8
  • Tax Tract Number: 2602

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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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 Prior Sale
06/25/2019 06/25/19 Sold $835,000 -4.0% $199 / Sq Ft
05/10/2019 05/10/19 For Sale $869,900 +31.8% $207 / Sq Ft
12/04/2018 12/04/18 Sold $660,000 -5.7% $157 / Sq Ft View Prior Sale
10/19/2018 10/19/18 For Sale $700,000 -- $167 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Hwangbo

    Seller's Agent in 2019

    Sean Hwangbo

    RE/MAX

    (909) 456-3400

    1 in this area

    38 Total Sales

    Sean Hwangbo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19109417

California Regional Multiple Listing Service (CRMLS)

APN: 250-121-012

California Riverside County Riverside 92507 University

3030 Elgin Dr, Riverside, CA

Not Listed for Sale

MultiFamily

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