$875,000
SOLD APR 17, 2016
11 Beds
9 Baths
5,500 Sq Ft
8,273 Sq Ft Lot

Recently Sold

$159 Per Sq Ft

42 Days on Market

About This Home

As of April 2016

This nine unit offering is situated at 3447-3449 4th Street which is in the Heart of the Historic Downtown District in thecity of Riverside. The front building (3449) consists of four units and was re-roofed in 2005. The back building (3447) consists of fiveunits. Said property is individually metered for gas and electric. In addition, each building has its own 100 gallon water heater. The4th Street Apartments is located in downtown Riverside, which is one of the most desirable sub-markets in the Inland Empire. The propery is only a couple of blocks away from Major Employment.

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 01/11/2016

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 01/11/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 8,273 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 10 Parking Spaces

Home Design

  • 5,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Assessor Parcel Number 213121011

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,815
  • Net Operating Income $52,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 213121011
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 159.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8273.00
  • Price Per Lot Square Foot: 105.77

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5815.00
  • Gross Scheduled Income: 70000.00
  • Net Operating Income: 52500.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 17500.00
  • Rent Control: No

Tax Info

  • Tax Lot: 4

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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 Change Sq Ft Price
10/06/2023 10/06/23 Rented $1,550 0.0% --
09/15/2023 09/15/23 Price Changed $1,550 -3.1% $3 / Sq Ft
08/14/2023 08/14/23 Price Changed $1,600 -3.0% $3 / Sq Ft
07/31/2023 07/31/23 Price Changed $1,650 -5.7% $3 / Sq Ft
06/29/2023 06/29/23 For Rent $1,750 0.0% --
04/17/2016 04/17/16 Sold $875,000 0.0% $159 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $875,000 -- $159 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16082732

California Regional Multiple Listing Service (CRMLS)

APN: 213-121-011