NOT LISTED FOR SALE

Estimated Value: $805,000 - $1,218,000

7 Beds
5 Baths
3,300 Sq Ft
$292/Sq Ft Est. Value

Last Sold March 21, 2018

Last sale price $595,000 $180 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,626/month

54 Days on Market

About This Home

As of March 2018

Four-Plex income property located near Riverside Convention Center. Within 3 miles from University of California Riverside. Unit # 1 is 3 bed 1.25 bath two story detached unit. Unit #2 is 2 bed 1 bath, Unit # 3 is 1 bed 1 bath, Unit # 4 is 1 bed 1 bath.

Last Agent to Sell the Property

Jimmy Ahmed

Century 21 Astro License #01441564 Listed on: 11/29/2017

Century 21 Astro

Last Buyer's Agent

Julie Lopez

Century 21 Allstars License #01767922

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,321 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Home Design

  • 3,300 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 209212015

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Electric Expense $5,000
  • Insurance Expense $1,450
  • Maintenance Expense $1,500
  • Trash Expense $1,250
  • New Taxes Expense $7,800
  • Operating Expense $17,000
  • Gross Income $47,400
  • Net Operating Income $38,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • CapRate: 4.60
  • Property Attached: Yes
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 209212015
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 180.30

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7321.00

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 5000.00
  • Gross Income: 47400.00
  • Gross Scheduled Income: 47400.00
  • Gross Spendable Income: 30400.00
  • Insurance Expense: 1450.00
  • Maintenance Expense: 1500.00
  • Net Operating Income: 38200.00
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9200.00
  • Operating Expense Percent: 19.40
  • Rent Control: No
  • Total Actual Rent: 3950.00
  • Total Expenses: 17000.00

Tax Info

  • New Taxes Expense: 7800.00
  • Tax Census Tract: 301.03
  • Tax Lot: 23
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2017
Closed on
Feb 2, 2018
Sold by
Mohamedy Mohamed Arif and Mohamedy Ruquia
Bought by
Jauregui Jose A and Jauregui Ana R
Seller's Agent
Jimmy Ahmed
Century 21 Astro
Buyer's Agent
Julie Lopez
Century 21 Allstars
List Price
$650,000
Sold Price
$595,000
Premium/Discount to List
-$55,000
-8.46%
Current Estimated Value
$964,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,513
Avg. Annual Appreciation
6.35%
Original Mortgage
$407,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2015
Sold by
Mohamedy Ilyas Ahmed and Mohamedy Farah
Bought by
The Ilyas & Farah Mohamedy Family Trust

Purchase Details

Listed on
Jun 17, 2013
Closed on
Feb 27, 2014
Sold by
Mohamedy Mohamed A
Bought by
Mohamedy Mohamed Arif and Mohamedy Ruquia
Seller's Agent
Christopher Blake
Engel & Völkers Newport Beach
Buyer's Agent
Jimmy Ahmed
Century 21 Astro
List Price
$480,000
Sold Price
$385,000
Premium/Discount to List
-$95,000
-19.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$285,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2013
Closed on
Feb 5, 2014
Sold by
Mohamedy Ruquia
Bought by
Mohamedy Mohamed A
Seller's Agent
Christopher Blake
Engel & Völkers Newport Beach
Buyer's Agent
Jimmy Ahmed
Century 21 Astro
List Price
$480,000
Sold Price
$385,000
Premium/Discount to List
-$95,000
-19.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 17, 2013
Closed on
Jan 9, 2014
Sold by
Abbasi Michael
Bought by
Mohamedy Mohamed A
Seller's Agent
Christopher Blake
Engel & Völkers Newport Beach
Buyer's Agent
Jimmy Ahmed
Century 21 Astro
List Price
$480,000
Sold Price
$385,000
Premium/Discount to List
-$95,000
-19.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2010
Sold by
Abbasi Michael
Bought by
Abbasi Michael

Purchase Details

Closed on
Jun 20, 2007
Sold by
Abbasi Michael
Bought by
Abbasi Michael

Purchase Details

Closed on
Mar 6, 2003
Sold by
Tyrrell Sharon L B
Bought by
Abbasi Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 1997
Sold by
Bagley George E
Bought by
Bagley George E
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
Jauregui Jose A $595,000 Fidelity National Title Comp
The Ilyas & Farah Mohamedy Family Trust -- None Available
Mohamedy Mohamed Arif -- Lawyers Title Insurance Corp
Mohamedy Mohamed A -- Lawyers Title Insurance Corp
Mohamedy Mohamed A $385,000 Lawyers Title
Abbasi Michael -- None Available
Abbasi Michael -- Chicago Title Company
Abbasi Michael $180,000 First American Title Co
Bagley George E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jauregui Jose A $407,000
Previous Owner Mohamedy Mohamed A $285,000
Previous Owner Abbasi Michael $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2018 03/21/18 Sold $595,000 -0.8% $180 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/18/2018 01/18/18 Price Changed $599,900 -7.7% $182 / Sq Ft
11/29/2017 11/29/17 For Sale $650,000 +68.8% $197 / Sq Ft
02/25/2014 02/25/14 Sold $385,000 -19.8% $52 / Sq Ft View Prior Sale
02/25/2014 02/25/14 Pending -- -- --
06/18/2013 06/18/13 For Sale $480,000 -- $65 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,346 $677,003 $102,402 $574,601
2023 $7,346 $650,717 $98,427 $552,290
2022 $7,179 $637,959 $96,498 $541,461
2021 $7,076 $625,451 $94,606 $530,845
2020 $7,022 $619,038 $93,636 $525,402
2019 $6,890 $606,900 $91,800 $515,100
2018 $4,739 $414,781 $86,186 $328,595
2017 $4,655 $406,649 $84,497 $322,152
2016 $4,357 $398,677 $82,841 $315,836
2015 $4,294 $392,691 $81,598 $311,093
2014 -- $212,655 $70,883 $141,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17266256

California Regional Multiple Listing Service (CRMLS)

APN: 209-212-015