NOT LISTED FOR SALE

Estimated Value: $689,000 - $960,000

7 Beds
4 Baths
3,924 Sq Ft
$199/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $595,000 $152 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,651/month

76 Days on Market

Highlights

  • Bonus Room
  • Private Yard
  • Laundry Room
  • Corner Lot
  • No HOA
  • Tile Flooring

About This Home

As of July 2021

THIS PROPERTY NEEDS A LOT OF TLC, BUT HAS HUGE POTENTIAL !! You don't want to miss this property! These 3 houses on a lot have tremendous potential!! Located within a few minutes walk to the Mission Inn and Downtown Riverside. These units are perfect for the owner that wants to live in one house and rent the other two houses. The large two story 4 bedroom 2 bath home features a master bedroom with an extra large closet, 3 good size bedrooms, a formal dining room, an enclosed Patio, inside laundry room, an office, and an extra large living room.
The second and 3rd houses are located right next door at 3359 & 3369 3rd st. The second house consists of 1 bedroom, 1 bathroom, large living room, and dining area. The 3rd house features 2 bedrooms and 1 bathroom, 1 bedroom downstairs and 1 bedroom upstairs, a large living room and dining area. This property also comes with an adjacent second lot in the back of the 3rd house. The second lot features a large backyard and a 1 car garage.

This property has a great upside potential, don't miss out!

Last Agent to Sell the Property

Maximillian Ortiz

Corona Homes Realty License #01316854 Listed on: 04/11/2021

Last Buyer's Agent

Maximillian Ortiz

Corona Homes Realty License #01316854 Listed on: 04/11/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Cosmetic Repairs Needed
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,924 Sq Ft Home
  • 2-Story Property
  • Bonus Room
  • Gas Oven
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, telephone
  • Legal Lot and Block 3 / 2
  • Assessor Parcel Number 213092025

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,600
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,828
  • Operating Expense $12,828
  • Net Operating Income $25,672

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2400.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 213092025
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 151.63
  • Room Type: Bonus Room, Kitchen

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Yard
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Telephone

Multi Family

  • Average1 Bed Area: 480 Square Feet
  • Average2 Bed Area: 808 Square Feet
  • Average3 Bed Area: 2636 Square Feet
  • Gross Scheduled Income: 38500.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 25672.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 12828.00
  • Rent Control: No
  • Total Actual Rent: 3200.00
  • Total Expenses: 12828.00

Tax Info

  • New Taxes Expense: 7828.00
  • Tax Block: 2
  • Tax Census Tract: 303.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2021
Closed on
Jun 30, 2021
Sold by
Saucedo Jose
Bought by
Tran Huy Xuan and Trinh Anh Kieu
Seller's Agent
Maximillian Ortiz
Corona Homes Realty
Buyer's Agent
Maximillian Ortiz
Corona Homes Realty
List Price
$700,000
Sold Price
$595,000
Premium/Discount to List
-$105,000
-15%
Current Estimated Value
$780,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,000
Avg. Annual Appreciation
6.30%
Original Mortgage
$295,001
Outstanding Balance
$267,668
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$512,332

Purchase Details

Listed on
Apr 16, 2012
Closed on
Dec 5, 2012
Sold by
Estrada Icela
Bought by
Saucedo Jose
Seller's Agent
Maximillian Ortiz
Corona Homes Realty
List Price
$300,000
Sold Price
$230,000
Premium/Discount to List
-$70,000
-23.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.47%
Original Mortgage
$228,288
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 16, 2012
Closed on
Oct 24, 2012
Sold by
Hernandez Mercedez and Hernandez Sixto G
Bought by
Saucedo Jose
Seller's Agent
Maximillian Ortiz
Corona Homes Realty
List Price
$300,000
Sold Price
$230,000
Premium/Discount to List
-$70,000
-23.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,288
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 6, 2004
Sold by
Martinez Belem
Bought by
Hernandez Mercedez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2004
Sold by
Nwajagu Echezona C
Bought by
Hernandez Mercedez and Hernandez Sixto G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2001
Sold by
Nwajagu Terri
Bought by
Nwajagu Echezona C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2000
Sold by
Hud
Bought by
Higher Standard Education Center

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2000
Sold by
Homeside Lending Inc
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 1999
Sold by
Rivera Martha
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Feb 10, 1997
Sold by
Hermann Steven T
Bought by
Rivera Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,301
Interest Rate
7.81%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1996
Sold by
Lane Raymond D
Bought by
Hermann Steven T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,500
Interest Rate
7.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tran Huy Xuan $595,000 First Amer Ttl Co Res Div
Saucedo Jose -- First American Title Company
Saucedo Jose $232,500 First American Title Company
Hernandez Mercedez -- First Southwestern Title Co
Hernandez Sixto G -- --
Hernandez Mercedez $207,500 First Southwestern Title Co
Nwajagu Echezona C -- Gateway Title Company
Nwajagu Echezona C $147,000 Gateway Title Company
Higher Standard Education Center $153,000 Stewart Title Company
Hud $164,489 Fidelity National Title Ins
Homeside Lending Inc $164,489 Fidelity National Title Ins
Rivera Martha $155,000 Continental Lawyers Title Co
Hermann Steven T $65,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Huy Xuan $295,001
Previous Owner Saucedo Jose $228,288
Previous Owner Hernandez Mercedez $332,000
Previous Owner Nwajagu Echezona C $147,000
Previous Owner Higher Standard Education Center $92,000
Previous Owner Rivera Martha $152,301
Previous Owner Hermann Steven T $83,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2021 07/29/21 Sold $595,000 -9.8% $152 / Sq Ft
06/26/2021 06/26/21 Pending -- -- --
05/20/2021 05/20/21 Price Changed $660,000 -5.7% $168 / Sq Ft
04/22/2021 04/22/21 Price Changed $700,000 -1.4% $178 / Sq Ft
04/12/2021 04/12/21 Price Changed $710,000 +1.4% $181 / Sq Ft
04/11/2021 04/11/21 For Sale $700,000 +204.3% $178 / Sq Ft
10/31/2012 10/31/12 Sold $230,000 -23.3% $63 / Sq Ft View Prior Sale
09/25/2012 09/25/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $300,000 -- $83 / Sq Ft
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 $6,762 $631,417 $158,119 $473,298
2023 $6,762 $606,900 $151,980 $454,920
2022 $6,605 $595,000 $149,000 $446,000
2021 $3,509 $307,154 $68,253 $238,901
2020 $3,482 $304,006 $67,554 $236,452
2019 $3,417 $298,046 $66,230 $231,816
2018 $3,351 $292,203 $64,932 $227,271
2017 $3,292 $286,474 $63,659 $222,815
2016 $3,082 $280,858 $62,411 $218,447
2015 $3,038 $276,642 $61,475 $215,167
2014 $3,010 $271,225 $60,272 $210,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21075890

California Regional Multiple Listing Service (CRMLS)

APN: 213-092-025