NOT LISTED FOR SALE

Estimated Value: $685,876 - $1,802,000

4 Beds
4 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold June 25, 2021

Last sale price $740,000

Est. 51% increase in value since last sale

Current estimated payment $6,787/month

38 Days on Market

Highlights

  • Level Lot
  • Polytechnic High School Rated A-
  • Front Yard

About This Home

As of June 2021

Charming colonial style 4 plex building in historic "Heritage Square" area of downtown Riverside. Just painted outside and gutters cleaned. Easy access to downtown shops, law courts and University. The area has become one of the most desirable downtowns around.
Has 5 electric meters. Very attractive tree-lined street. Building has 4 one bedroom apartments plus yard. Long-term tenants in place. Very desirable location.

Last Agent to Sell the Property

Russell Taylor

@Vantage Real Estate License #01382354 Listed on: 02/19/2021

Last Buyer's Agent

Isaac Householder

Real Estate Ebroker Inc License #02101475

Real Estate Ebroker Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,748

Year Built

  • Built in 1925

Lot Details

  • 4,792 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Front Yard

Home Design

  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 2
  • Assessor Parcel Number 213082001

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $1,600
  • Gardener Expense $1,440
  • Insurance Expense $1,700
  • New Taxes Expense $8,000
  • Operating Expense $13,010
  • Gross Income $50,400
  • Net Operating Income $39,490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,748

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: R1065
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 213082001
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1600.00
  • Gross Income: 50400.00
  • Gross Scheduled Income: 52500.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 4792.0000 Square Feet
  • Net Operating Income: 39490.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13010.00
  • Rent Control: No
  • Total Actual Rent: 45600.00
  • Total Expenses: 13010.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Block: 2
  • Tax Census Tract: 303.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Jun 17, 2021
Sold by
Donegan Dayle
Bought by
Donegan Dayle
Seller's Agent
Russell Taylor
@Vantage Real Estate
Buyer's Agent
Isaac Householder
Real Estate Ebroker Inc
List Price
$849,900
Sold Price
$740,000
Premium/Discount to List
-$109,900
-12.93%
Current Estimated Value
$1,120,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,469
Avg. Annual Appreciation
8.27%
Original Mortgage
$579,200
Outstanding Balance
$526,672
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$508,199

Purchase Details

Listed on
Feb 19, 2021
Closed on
Jun 8, 2021
Sold by
Hassain Navid and Wu Mei Chun
Bought by
Donegan Dayle
Seller's Agent
Russell Taylor
@Vantage Real Estate
Buyer's Agent
Isaac Householder
Real Estate Ebroker Inc
List Price
$849,900
Sold Price
$740,000
Premium/Discount to List
-$109,900
-12.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,200
Outstanding Balance
$526,672
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$508,199

Purchase Details

Closed on
Jul 14, 2016
Sold by
Hassain Navid and Wu Mei Chun
Bought by
Hassain Navid and Wu Mei Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 2010
Sold by
Pastor Duane D and Casqueiro Kenneth J
Bought by
Hassain Navid and Wu Mai Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
4.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2002
Sold by
Jorgensen Kenneth E
Bought by
Jorgensen Kenneth E and Jorgensen Susan E

Purchase Details

Closed on
Mar 20, 2002
Sold by
Chapman William E and Chapman Carolyn L
Bought by
Pastor Duane D and Casqueiro Kenneth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 1999
Sold by
Bk Am Nt & Sa
Bought by
Chapman Carolyn L and Jorgensen Kenneth E
Source: Public Records

Range of Values:

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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
Donegan Dayle -- Accommodation
Donegan Dayle $740,000 Lawyers Title Company
Hassain Navid -- Lawyers Title
Hassain Navid $310,000 Fnt Ie
Jorgensen Kenneth E -- --
Pastor Duane D $209,000 Commonwealth Land Title Co
Chapman Carolyn L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donegan Dayle Revocable Trust $210,000
Open Donegan Dayle $579,200
Previous Owner Hassain Navid $215,000
Previous Owner Hassain Navid $232,500
Previous Owner Pastor Duane D $167,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $740,000 -12.9% --
03/29/2021 03/29/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $849,900 0.0% --
02/27/2021 02/27/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $849,900 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,748 $800,998 $162,364 $638,634
2023 $8,748 $769,896 $156,060 $613,836
2022 $8,550 $754,800 $153,000 $601,800
2021 $4,264 $366,909 $88,764 $278,145
2020 $4,233 $363,147 $87,854 $275,293
2019 $4,155 $356,028 $86,132 $269,896
2018 $4,075 $349,048 $84,444 $264,604
2017 $4,005 $342,205 $82,789 $259,416
2016 $3,754 $335,496 $81,166 $254,330
2015 $3,701 $330,458 $79,948 $250,510
2014 $3,668 $323,986 $78,383 $245,603
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20225463

California Regional Multiple Listing Service (CRMLS)

APN: 213-082-001