NOT LISTED FOR SALE
8 Beds
8 Baths
4,500 Sq Ft
7,841 Sq Ft

Last Sold April 20, 2012

Last sale price $265,000 $59 Per Sq Ft

6 Days on Market

Highlights

  • Contemporary Architecture
  • Landscaped
  • Turnkey
  • Laundry Room

About This Home

As of April 2012

Located within walking distance to the University of California at Riverside. This four unit complex is in good condition and ready for either an owner occupant investor or non owner occupant investor. 1 of the 4 units is vacant so an owner occupant can move in or a non owner occupant can select their own tenant to fill the last vacant unit. The property features all 2 bedroom units with 1 and a half bath. Spacious units bolster upstairs and downstairs living space. Onsite Washer and Dryer makes laundry convenient for residents. Great opportunity to own and receive rental income.

Last Agent to Sell the Property

Samuel Hughes

Samuel Hughes License #01187746 Listed on: 12/06/2011

Last Buyer's Agent

Keith Stewart

Stewart Financial Enterprises License #00944721

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,977 Sq Ft Lot
  • Landscaped

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,500 Sq Ft Home
  • Contemporary Architecture
  • Turnkey
  • Frame Construction
  • Shingle Roof
  • Stucco

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 2602
  • Assessor Parcel Number 250121002

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units
  • Tlc Management Association, Phone Number (951) 680-9440

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $240
  • Insurance Expense $1,200
  • Other Expense $4,188
  • Water Sewer Expense $720
  • New Taxes Expense $3,125
  • Gross Income $3,874
  • Net Operating Income $35,935

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

7,977 Sq Ft Lot

Parking

4

Listing Details

  • Water Sewer Expenses: 720.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 250121002
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 58.89

Exterior Features

  • Roof: Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Washer Included

Condo/Co-op/Association

  • Association: Yes
  • Association Name: tlc management
  • Phone: 9516809440

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7977.00
  • Lot Size Acres: 0.1800

Multi Family

  • Average2 Bed Area: 1125
  • Electric Expense: 240.00
  • Gross Income: 3874.00
  • Gross Scheduled Income: 45888.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7977.0000 Square Feet
  • Net Operating Income: 35935.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 9953.00
  • Other Expense: 4188.00
  • Other Expense Description: hoa
  • Rent Control: No
  • Total Actual Rent: 2874.00

Tax Info

  • New Taxes Expense: 3125.00
  • Tax Lot: 2
  • Tax Tract Number: 2602
  • Tax Year: 2011
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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
04/20/2012 04/20/12 Sold $265,000 +3.9% $59 / Sq Ft
12/12/2011 12/12/11 Pending -- -- --
12/06/2011 12/06/11 For Sale $255,000 -- $57 / 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 $3,749 $332,840 $69,075 $263,765
2023 $3,749 $319,918 $66,394 $253,524
2022 $3,666 $313,646 $65,093 $248,553
2021 $3,625 $307,497 $63,817 $243,680
2020 $3,598 $304,345 $63,163 $241,182
2019 $3,532 $298,378 $61,925 $236,453
2018 $3,465 $292,528 $60,711 $231,817
2017 $3,405 $286,793 $59,521 $227,272
2016 $3,195 $281,170 $58,354 $222,816
2015 $3,149 $276,949 $57,479 $219,470
2014 $3,120 $271,526 $56,354 $215,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: H11157259

California Regional Multiple Listing Service (CRMLS)

APN: 250-121-002

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