NOT LISTED FOR SALE
2 Beds
2 Baths
4,400 Sq Ft
0.42 Acres

Last Sold December 19, 2014

Last sale price $466,000 $106 Per Sq Ft

208 Days on Market

About This Home

As of December 2014

Priced reduced and Seller wants it sold. Looking for cash offers. Single story units on a large lot with plenty of parking. Conveniently located near 60 Fwy and employment in the Downtown Riverside Area. Many long term tenants and easy to rent when any vacancies. Separate hot water heaters, electric and gas meters to keep owner's expenses down. Repairs needed but upside on rents can be achieved.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 05/14/2014

Last Buyer's Agent

Joe Morrison

West Shores Realty, Inc. License #01434414

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.42 Acre Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot

Parking

  • 15 Parking Spaces

Home Design

  • 4,400 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 0
  • Assessor Parcel Number 179093020

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $3,600
  • Other Expense $2,300
  • Water Sewer Expense $8,500
  • New Taxes Expense $5,872
  • Gross Income $5,150
  • Net Operating Income $36,462

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 6.90
  • Property Attached: Yes
  • Water Sewer Expenses: 8500.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 179093020
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 105.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 18295.00
  • Lot Size Acres: 0.4200

Multi Family

  • Gross Income: 5150.00
  • Gross Multiplier: 8.80
  • Gross Scheduled Income: 61800.00
  • Gross Spendable Income: 13947.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 18295.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 36462.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 23484.00
  • Other Expense: 2300.00
  • Other Expense Description: CI/ Misc
  • Rent Control: No
  • Total Actual Rent: 5150.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5872.00
  • Tax Lot: 3
  • Tax Tract Number: .42
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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
12/19/2014 12/19/14 Sold $466,000 -31.4% $106 / Sq Ft
12/08/2014 12/08/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $679,000 -- $154 / 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 $6,446 $560,052 $174,263 $385,789
2023 $6,446 $538,307 $167,498 $370,809
2022 $6,238 $527,753 $164,214 $363,539
2021 $6,223 $517,406 $160,995 $356,411
2020 $6,158 $512,102 $159,345 $352,757
2019 $6,030 $502,062 $156,221 $345,841
2018 $5,837 $492,218 $153,158 $339,060
2017 $5,775 $482,567 $150,155 $332,412
2016 $5,693 $473,106 $147,211 $325,895
2015 $5,614 $466,000 $145,000 $321,000
2014 $2,979 $244,612 $64,815 $179,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14100938

California Regional Multiple Listing Service (CRMLS)

APN: 179-093-020