NOT LISTED FOR SALE

3295 Rubidoux Blvd Riverside, CA 92509

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

Range of Values:

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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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard Bell

    Seller's Agent in 2014

    Richard Bell

    Bell Realty Group

    (714) 309-3549

    22 Total Sales

    Richard Bell
    Section Image

  • J

    Buyer's Agent in 2014

    Joe Morrison

    West Shores Realty, Inc.

    (949) 461-7900

    1 Total Sale

    Joe Morrison
    Section Image
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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

California Riverside County Riverside 92509

3295 Rubidoux Blvd, 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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