NOT LISTED FOR SALE

3080 Lemon St Riverside, CA 92501

Downtown Riverside Neighborhood

Estimated Value: $785,000 - $935,000

4 Beds
4 Baths
3,120 Sq Ft
$282/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2021

Last sale price $728,000 $233 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,439 / mo

9 Days on Market

Highlights

  • Active Adult
  • 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

Sunny Sheng

Re/Max Top Producers License #01965217 Listed on: 01/23/2021

Re/Max Top Producers

Last Buyer's Agent

Freeman Wang

Real Brokerage Technologies License #01966395

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

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

  • Active Adult
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

7,405 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3804.00
  • Property Attached: Yes
  • Water Sewer Expenses: 320.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 209214006
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 233.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 54360.00
  • Gross Scheduled Income: 54360.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 49600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4760.00
  • Rent Control: Yes
  • Total Actual Rent: 4.00
  • Total Expenses: 4764.00

Tax Info

  • Tax Lot: 28
  • Tax Tract Number: 009061

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2021
Closed on
Feb 5, 2021
Sold by
Bought by
Seller's Agent
Sunny Sheng
Re/Max Top Producers
Buyer's Agent
Freeman Wang
Real Brokerage Technologies
List Price
$728,000
Sold Price
$728,000
Current Estimated Value
$879,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,231
Avg. Annual Appreciation
3.59%

Purchase Details

Closed on
Nov 27, 2018
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Apr 20, 2016
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Jul 1, 2008
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$728,000 Wfg National Title Company
-- Provident Title Company
-- Fidelity National Title Oran
-- Fidelity National Title Oran
$290,000 Lawyers Title
$490,000 Ticor Title Company
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $302,000
Previous Owner $232,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,598 $788,008 $197,001 $591,007
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

    Seller's Agent in 2021

    Sunny Sheng

    RE/MAX

    (626) 817-1828

    97 Total Sales

    Sunny Sheng
    Section Image
  • Freeman Wang

    Buyer's Agent in 2021

    Freeman Wang

    Real Brokerage Technologies

    (562) 947-7834

    73 Total Sales

    Freeman Wang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21015345

California Regional Multiple Listing Service (CRMLS)

APN: 209-214-006

California Riverside County Riverside 92501 Downtown Riverside

3080 Lemon St, Riverside, CA

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California Regional Multiple Listing Service (CRMLS) 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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