NOT LISTED FOR SALE

Estimated Value: $727,528 - $1,049,000

7 Beds
3 Baths
3,800 Sq Ft
$219/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $606,000 $159 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,011/month

1 Day on Market

Highlights

  • Craftsman Architecture
  • Corner Lot
  • Laundry Room
  • Polytechnic High School Rated A-
  • No HOA
  • Central Heating and Cooling System

About This Home

As of March 2021

Location!!! This Historical Multi Family Home is in the heart of Downtown Riverside. Approximately 3,400 Sq ft front house comprised of two very large units, with two separate permitted meters and secondary rear unit of 400 sq ft separately metered. Front house in need of a complete renovation, but can become a FANTASTIC INCOME OPPORTUNITY. Across the street from the Riverside Convention Center and down the street from the Mission Inn, walking distance to everything you can possibly need. Property is zoned DSP-RES-SP-CR – Downtown Specific Plan, Residential District and Specific Plan and Cultural Resources Overlay Zones. This will absolutely not last.

Last Agent to Sell the Property

James Vega

REAL ESTATE MAVENS License #01346612 Listed on: 03/05/2021

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,126

Year Built

  • Built in 1911

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Home Design

  • Craftsman Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,800 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 5 / 3
  • Assessor Parcel Number 213112001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $850
  • New Taxes Expense $5,700
  • Operating Expense $8,350
  • Gross Income $60,000
  • Net Operating Income $51,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,126

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: R3
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 213112001
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 159.47

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 850.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 51650.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8350.00
  • Rent Control: No
  • Total Expenses: 8350.00

Tax Info

  • New Taxes Expense: 5700.00
  • Tax Block: 3
  • Tax Census Tract: 303.00
  • Tax Lot: 5
  • Tax Tract Number: 00000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Mar 22, 2021
Sold by
Mikey Garcia Properties Inc
Bought by
Vora Sarju R and Vora Priya S
Seller's Agent
James Vega
REAL ESTATE MAVENS
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$589,000
Sold Price
$606,000
Premium/Discount to List
$17,000
2.89%
Current Estimated Value
$833,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,132
Avg. Annual Appreciation
6.12%

Purchase Details

Listed on
Mar 14, 2020
Closed on
Sep 3, 2020
Sold by
Silver Bear Investments Llc
Bought by
Mikey Garcia Properties Inc
Seller's Agent
Tina Hambleton
Box Properties
Buyer's Agent
Leanne Austin
Box Properties
List Price
$500,000
Sold Price
$435,000
Premium/Discount to List
-$65,000
-13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
84.77%

Purchase Details

Listed on
Mar 14, 2020
Closed on
Aug 29, 2020
Sold by
Mckay Lora Joyce
Bought by
Silver Bear Investments Llc
Seller's Agent
Tina Hambleton
Box Properties
Buyer's Agent
Leanne Austin
Box Properties
List Price
$500,000
Sold Price
$435,000
Premium/Discount to List
-$65,000
-13%

Purchase Details

Closed on
Nov 19, 2004
Sold by
Medeiros Janet and Nelson Billie Adele
Bought by
Fick Paul E and Fick Rita Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2003
Sold by
Medeiros Janet Lynn
Bought by
Medeiros Janet and Nelson Billie Adele

Purchase Details

Closed on
May 29, 2003
Sold by
Medeiros Janet Lynn
Bought by
Medeiros Janet Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2003
Sold by
Medeiros Lawrence D
Bought by
Medeiros Janet Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2003
Sold by
Nelson Billie Adelle
Bought by
Medeiros Janet Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2003
Sold by
Taylor Deanna L
Bought by
Nelson Billie Adele and Medeiros Janet Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 1999
Sold by
Pomona First Fsla
Bought by
Taylor Deanna L

Purchase Details

Closed on
Dec 4, 1998
Sold by
Mcintosh Kirk S
Bought by
Pomona First Federal S & L Assn

Purchase Details

Closed on
Aug 27, 1993
Sold by
Mcintosh Suzanne M
Bought by
Mcintosh Kirk S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,750
Interest Rate
6.95%
Mortgage Type
Commercial
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
Vora Sarju R $606,000 Fidelity National Title Co
Mikey Garcia Properties Inc $490,000 Lawyers Title
Silver Bear Investments Llc $435,000 Lawyers Title
Fick Paul E $498,000 First American Title Co
Medeiros Janet -- --
Medeiros Janet Lynn -- --
Medeiros Janet Lynn -- --
Medeiros Janet Lynn -- --
Nelson Billie Adele -- --
Taylor Deanna L $166,000 Chicago Title Co
Pomona First Federal S & L Assn $175,216 American Title
Mcintosh Kirk S -- Fidelity National Title Insu
Mcintosh Kirk S -- Fidelity National Title Insu
Mcintosh Kirk S -- Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fick Paul E $456,000
Previous Owner Mcintosh Kirk S $139,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2021 03/25/21 Sold $606,000 +2.9% $159 / Sq Ft
03/09/2021 03/09/21 For Sale $589,000 -2.8% $155 / Sq Ft
03/07/2021 03/07/21 Off Market $606,000 -- --
03/06/2021 03/06/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $589,000 +35.4% $155 / Sq Ft
09/10/2020 09/10/20 Sold $435,000 -13.0% $199 / Sq Ft
08/11/2020 08/11/20 For Sale $500,000 +14.9% $229 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
04/23/2020 04/23/20 Off Market $435,000 -- --
04/23/2020 04/23/20 For Sale $500,000 +14.9% $229 / Sq Ft
04/22/2020 04/22/20 Off Market $435,000 -- --
03/22/2020 03/22/20 For Sale $500,000 +14.9% $229 / Sq Ft
03/21/2020 03/21/20 Off Market $435,000 -- --
03/14/2020 03/14/20 For Sale $500,000 -- $229 / 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 $7,126 $655,950 $164,528 $491,422
2023 $7,126 $630,481 $158,140 $472,341
2022 $6,965 $618,120 $155,040 $463,080
2021 $5,572 $490,000 $80,000 $410,000
2020 $7,205 $634,709 $95,581 $539,128
2019 $7,069 $622,264 $93,707 $528,557
2018 $6,931 $610,064 $91,870 $518,194
2017 $6,808 $598,103 $90,069 $508,034
2016 $6,370 $586,376 $88,303 $498,073
2015 $6,280 $577,571 $86,978 $490,593
2014 $6,222 $566,259 $85,275 $480,984
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21046291

California Regional Multiple Listing Service (CRMLS)

APN: 213-112-001