Seller's Agent in 2015
Matthew Hopkins
Citivest Inc
(800) 819-9347
44 Total Sales
3071 Lecil St Riverside, CA 92507
University NeighborhoodEstimated Value: $675,000 - $1,430,000
8
Beds
8
Baths
4,000
Sq Ft
$283/Sq Ft
Est. Value
About This Home
As of April 2015The property consists of 8 units and 4 buildings situated on the corner of Carl St & Lecil St in Riverside. All of the units feature 1 bedroom, 1 bathroom, a kitchen and living area. The seller replaced all the windows at the property at the end of 2014 with new vinyl windows. The property features onsite parking as well as street parking. There is an onsite property manager who occupies one of the units and has been at the property for over 25 years maintaining the landscaping as well as leasing and maintenance. All the tenants are on month to month leases and pay for their own utilities excluding water, sewer and trash. The rents at the property are slightly below market and upside can be realized by increasing the rents. The property is located near the 91 and 215 freeway interchange and less than 1.5 miles from University of Riverside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,470
Year Built
- Built in 1958
Lot Details
- 8,266 Sq Ft Lot
- No Common Walls
Parking
- 8 Parking Spaces
Home Design
- 4,000 Sq Ft Home
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Utilities
- Conventional Septic
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 23
- Tax Tract Number 28
- Assessor Parcel Number 250061016
Community Details
Overview
- 4 Buildings
- 8 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Insurance Expense $2,666
- Maintenance Expense $4,308
- Professional Management Expense $4,596
- Trash Expense $1,226
- Water Sewer Expense $1,677
- New Taxes Expense $7,479
- Gross Income $5,129
- Net Operating Income $38,254
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 8, 2016
Sold by
Ortiz Maria Esther
Bought by
Jal5 Llc
Total Days on Market
43
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Outstanding Balance
$166,599
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$978,667
Purchase Details
Closed on
Oct 28, 2015
Sold by
Jal5 Llc
Bought by
Ortiz Maria Esther
Purchase Details
Listed on
Jan 28, 2015
Closed on
Mar 17, 2015
Sold by
Haynes Dana L and Mandell Larry S
Bought by
Jal5 Llc
Seller's Agent
Matthew Hopkins
Citivest Inc
Buyer's Agent
Emilio Ortiz
Prosperity Capital
List Price
$679,900
Sold Price
$677,000
Premium/Discount to List
-$2,900
-0.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%
Purchase Details
Closed on
Nov 6, 2007
Sold by
Haynes Kathy E
Bought by
Haynes Dana L
Purchase Details
Closed on
Mar 9, 2005
Sold by
Lockerby Laurinda
Bought by
Lockerby Glen R
Purchase Details
Closed on
Dec 16, 2004
Sold by
Lockerby Glen R
Bought by
Haynes Dana L and Mandell Larry S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jal5 Llc | -- | Accommodation | |
| Ortiz Maria Esther | -- | First American Title Company | |
| Ortiz Maria Esther | -- | First American Title Company | |
| Jal5 Llc | -- | Pacific Coast Title | |
| Jal5 Llc | $677,000 | Pacific Coast Title | |
| Haynes Dana L | -- | Fidelity National Title Co | |
| Mandell Larry S | -- | Fidelity National Title Co | |
| Lockerby Glen R | -- | -- | |
| Haynes Dana L | $112,000 | Alliance Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ortiz Maria Esther | $205,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2015 04/14/15 | Sold | $677,000 | -0.4% | $169 / Sq Ft |
| 03/12/2015 03/12/15 | Pending | -- | -- | -- |
| 01/28/2015 01/28/15 | For Sale | $679,900 | -- | $170 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $4,470 | $392,852 | $93,423 | $299,429 |
| 2022 | $4,369 | $385,150 | $91,592 | $293,558 |
| 2021 | $4,314 | $377,599 | $89,797 | $287,802 |
| 2020 | $4,282 | $373,728 | $88,877 | $284,851 |
| 2019 | $4,202 | $366,401 | $87,135 | $279,266 |
| 2018 | $4,120 | $359,218 | $85,427 | $273,791 |
| 2017 | $4,050 | $352,175 | $83,752 | $268,423 |
| 2016 | $3,791 | $345,270 | $82,110 | $263,160 |
| 2015 | $2,780 | $250,604 | $77,890 | $172,714 |
| 2014 | $2,752 | $245,697 | $76,365 | $169,332 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Hopkins
-
Emilio Ortiz
E
Buyer's Agent in 2015
Emilio Ortiz
Prosperity Capital
(714) 999-1508
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15018958
APN: 250-061-016
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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