NOT LISTED FOR SALE

Estimated Value: $686,000 - $1,134,000

9 Beds
4 Baths
2,955 Sq Ft
$332/Sq Ft Est. Value

Last Sold June 12, 2023

Last sale price $965,000 $327 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,107/month

154 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 0.33 Acre Lot
  • Neighborhood Views
  • Laundry Room

About This Home

As of June 2023

Property is located in a very quiet neighborhood. Near the 60/91/215 FWY and 5 minutes from the center of Riverside. Quadplex property that you live in and rent out the other units, or great investment property. Four units – two 3bd/1bath, one 2bd/1bath and 1 bd/1 bath. There are three separate garages, as well as, an enclosed yard. Great for entertaining, secure enclosed yard, and any other personal use. Current rents are under market, so great potential for increased income and value. Property can be purchased individually or as a portfolio of properties in Riverside (8320 Mission Blvd, 2121 Down, 2909 4th St). Sold as-is in present condition. Current rent: 3382 A 1250.00, Unit B 1600.00, Unit C 1180.00 Unit D 1399.00 Total rent per month:5429.00

Last Agent to Sell the Property

Joan Chase Swing

RE/MAX College Park Realty License #01736594 Listed on: 11/23/2022

RE/MAX College Park Realty

Co-Listed By

Gary Chen

eXp Realty of Southern Ca, Inc License #01969000

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,954

Year Built

  • Built in 1946

Lot Details

  • 0.33 Acre Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • 8 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,955 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 7 / 4
  • Assessor Parcel Number 211033009
  • $200 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $58,032
  • Net Operating Income $58,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,954

Year Built

Built in 1946

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.88
  • Price Per Unit: 262250
  • Property Attached: Yes
  • View: Yes
  • Zoning: R1065
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 211033009
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 326.57
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14375.00
  • Lot Size Acres: 0.3300

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 625 Square Feet
  • Average3 Bed Area: 925 Square Feet
  • Gross Income: 58032.00
  • Gross Scheduled Income: 65148.00
  • Lot Size Area: 14375.0000 Square Feet
  • Net Operating Income: 58032.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7116.00
  • Rent Control: No

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 305.02
  • Tax Lot: 7
  • TaxOtherAnnualAssessmentAmount: 200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Munoz Dennis
Bought by
Munoz Dennis C
Current Estimated Value
$979,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,000
Outstanding Balance
$778,077
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$201,600

Purchase Details

Listed on
Nov 23, 2022
Closed on
May 1, 2023
Sold by
Gale Peter A
Bought by
Munoz Dennis
Seller's Agent
Joan Chase Swing
RE/MAX College Park Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,189,000
Sold Price
$965,000
Premium/Discount to List
-$224,000
-18.84%
Views
319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.66%
Original Mortgage
$772,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2021
Sold by
Ford Cheryl A
Bought by
Gale Peter A

Purchase Details

Closed on
May 22, 2019
Sold by
Gale Reginaldo Antonio
Bought by
Reginaldo Antonio Gale Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,400
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2019
Sold by
Reginaldo Antonio Gale Living Trust
Bought by
Gale Reginaldo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,400
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2018
Sold by
Gale Reginaldo A
Bought by
Gale Reginaldo Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2013
Sold by
Gale Reginaldo Antonio
Bought by
Gale Reginaldo A

Purchase Details

Closed on
Jul 26, 2005
Sold by
Gale Reginaldo A
Bought by
Gale Reginaldo Antonio

Purchase Details

Closed on
Aug 20, 2004
Sold by
Gale Reginaldo A
Bought by
Gale Reginaldo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2003
Sold by
Quiroz Rentals Inc
Bought by
Gale Reginaldo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,750
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2003
Sold by
Quiroz Juan and Quiroz Esmeralda G
Bought by
Quiroz Rentals Inc
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
Munoz Dennis C -- None Listed On Document
Munoz Dennis $965,000 Wfg National Title
Gale Peter A -- None Available
Reginaldo Antonio Gale Living Trust -- Accommodation
Gale Reginaldo A -- Lawyers Title
Gale Reginaldo Antonio -- Lawyers Title
Gale Reginaldo A -- Lawyers Title
Gale Reginaldo A -- None Available
Gale Reginaldo Antonio -- --
Gale Reginaldo A -- Commerce Title Company
Gale Reginaldo A $305,000 Stewart Title Of Ca Inc
Quiroz Rentals Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munoz Dennis C $787,000
Previous Owner Munoz Dennis $772,000
Previous Owner Gale Reginaldo A $356,400
Previous Owner Gale Reginaldo A $340,000
Previous Owner Gale Reginaldo A $294,000
Previous Owner Gale Reginaldo A $104,750
Closed Gale Reginaldo A $185,000
Closed Gale Reginaldo A $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2023 06/12/23 Sold $965,000 -8.0% $327 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/03/2023 04/03/23 Price Changed $1,049,000 -2.8% $355 / Sq Ft
03/15/2023 03/15/23 Price Changed $1,079,000 -3.4% $365 / Sq Ft
02/07/2023 02/07/23 Price Changed $1,117,000 -6.1% $378 / Sq Ft
11/23/2022 11/23/22 For Sale $1,189,000 -- $402 / 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 $10,954 $1,003,986 $312,120 $691,866
2023 $10,954 $416,786 $143,481 $273,305
2022 $4,728 $408,615 $140,668 $267,947
2021 $4,595 $394,039 $136,398 $257,641
2020 $4,634 $396,497 $136,496 $260,001
2019 $4,549 $388,723 $133,820 $254,903
2018 $4,462 $381,102 $131,197 $249,905
2017 $4,385 $373,630 $128,625 $245,005
2016 $4,111 $366,304 $126,103 $240,201
2015 $4,051 $360,803 $124,209 $236,594
2014 $4,011 $353,737 $121,777 $231,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22245483

California Regional Multiple Listing Service (CRMLS)

APN: 211-033-009