Seller's Agent in 2021
Sunny Sheng
RE/MAX
(626) 817-1828
1 in this area
114 Total Sales
3080 Lemon St Riverside, CA 92501
Downtown Riverside NeighborhoodEstimated Value: $730,000 - $882,805
4
Beds
4
Baths
3,120
Sq Ft
$259/Sq Ft
Est. Value
Highlights
- Senior Community
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- No HOA
- Laundry Room
About This Home
As of March 2021**RARE INVESTMENT OPPORTUNITY IN DOWNTOWN RIVERSIDE! Total 4 units located in 2 buildings, each unit is one bedroom, and each building has 2 units. Spacious yard spaces between the 2 buildings. Font building is single story with additional laundry room, back building is two stories with downstairs are 4 garages for each unit. All 4 units got remodeled along with the tenant changing during these recent 4 years. ALL 4 unites are currently leased by tenants, which create CASH FLOW right away. Conveniently located in the downtown business district near city hall, Riverside court, Center for Social Justice & Civil Liberties, Riverside Community Hospital, Riverside Municipal Auditorium, Evergreen Memorial Park & Museum, Evans Park, Marriott, Mission Inn Hotel & Spa, Riverside Convention Center, Riverside Park & recreation. WONT LAST!
Last Agent to Sell the Property
Re/Max Top Producers License #01965217 Listed on: 01/23/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,598
Year Built
- Built in 1914
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Home Design
- 3,120 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 28
- Tax Tract Number 9061
- Assessor Parcel Number 209214006
Community Details
Overview
- Senior Community
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $960
- Insurance Expense $2,100
- Professional Management Expense $3,804
- Water Sewer Expense $320
- Operating Expense $4,764
- Gross Income $54,360
- Net Operating Income $49,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 23, 2021
Closed on
Feb 5, 2021
Sold by
Chu Michael and Ju Jing
Bought by
Hacienda Del Mar Holdings Llc
Seller's Agent
Sunny Sheng
Re/Max Top Producers
Buyer's Agent
Freeman Wang
PARTNER Real Estate
List Price
$728,000
Sold Price
$728,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,701
Avg. Annual Appreciation
2.27%
Purchase Details
Closed on
Nov 27, 2018
Sold by
Chu Michael
Bought by
Chu Michael and Ju Jing
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
4.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 21, 2017
Sold by
Ace Marketing Development Llc
Bought by
Chu Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,500
Interest Rate
7.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 20, 2016
Sold by
Sbr Empire Llc
Bought by
Ace Marketing Development Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
3.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 17, 2011
Sold by
Fifer Margaret W
Bought by
Fifer Margaret Wiley and Margaret Wiley Fifer Revocable Living Tr
Purchase Details
Closed on
Jul 1, 2008
Sold by
Fifer Jack E
Bought by
Fifer Margaret W
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 |
|---|---|---|---|
| Hacienda Del Mar Holdings Llc | $728,000 | Wfg National Title Company | |
| Chu Michael | -- | Provident Title Company | |
| Chu Michael | -- | Fidelity National Title Oran | |
| Chu Michael | -- | Fidelity National Title Oran | |
| Ace Marketing Development Llc | $290,000 | Lawyers Title | |
| Sbr Empire Llc | $490,000 | Ticor Title Company | |
| Fifer Margaret Wiley | -- | None Available | |
| Fifer Margaret W | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chu Michael | $364,000 | |
| Previous Owner | Chu Michael | $302,000 | |
| Previous Owner | Chu Michael | $290,500 | |
| Previous Owner | Ace Marketing Development Llc | $245,000 | |
| Previous Owner | Ace Marketing Development Llc | $232,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2021 03/01/21 | Sold | $728,000 | 0.0% | $233 / Sq Ft |
| 02/01/2021 02/01/21 | Pending | -- | -- | -- |
| 01/23/2021 01/23/21 | For Sale | $728,000 | -- | $233 / 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 | $8,598 | $757,410 | $189,352 | $568,058 |
| 2022 | $8,404 | $742,560 | $185,640 | $556,920 |
| 2021 | $3,699 | $317,154 | $76,553 | $240,601 |
| 2020 | $3,672 | $313,903 | $75,769 | $238,134 |
| 2019 | $3,605 | $307,749 | $74,284 | $233,465 |
| 2018 | $3,537 | $301,716 | $72,828 | $228,888 |
| 2017 | $3,476 | $295,800 | $71,400 | $224,400 |
| 2016 | $682 | $48,766 | $11,523 | $37,243 |
| 2015 | $673 | $48,035 | $11,350 | $36,685 |
| 2014 | $667 | $47,096 | $11,129 | $35,967 |
Source: Public Records
Agents Affiliated with this Home
-
Sunny Sheng
-
Freeman Wang
Buyer's Agent in 2021
Freeman Wang
PARTNER Real Estate
(562) 947-7834
1 in this area
116 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR21015345
APN: 209-214-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
Nearby Homes