NOT LISTED FOR SALE

3459 Central Ave Riverside, CA 92506

Magnolia Center Neighborhood

Estimated Value: $613,720 - $1,049,000

4 Beds
2 Baths
1,709 Sq Ft
$444/Sq Ft Est. Value

Last Sold September 12, 2018

Last sale price $430,000 $252 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,459/month

4 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Back and Front Yard
  • Polytechnic High School Rated A-
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of September 2018

Wonderful investment opportunity! You could live in one side and rent the other or rent both units. Centrally located within walking distance to the Riverside Plaza, this area is in high demand! Each unit has beautiful, original hardwood floors and tile throughout, two bedrooms, one bath and its own laundry. The South unit (3461 Central) has a small gated yard. The roof on the home was replaced last year, and the exterior was painted. The property also features 3 garage spaces as well as additional parking.

Last Agent to Sell the Property

Sara Beresford

COLDWELL BANKER REALTY License #01973870 Listed on: 08/04/2018

COLDWELL BANKER REALTY

Last Buyer's Agent

Sara Beresford

COLDWELL BANKER REALTY License #01973870 Listed on: 08/04/2018

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,211

Year Built

  • Built in 1952

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,709 Sq Ft Home
  • 1-Story Property
  • Gas Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 1
  • Assessor Parcel Number 225173040

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $960
  • Water Sewer Expense $720
  • New Taxes Expense $4,785
  • Operating Expense $6,465
  • Gross Income $25,920
  • Net Operating Income $25,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,211

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Parcel Number: 225173040
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 251.61

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Single Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7841.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 25920.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 960.00
  • Net Operating Income: 25920.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1680.00
  • Rent Control: No
  • Total Expenses: 6465.00

Tax Info

  • New Taxes Expense: 4785.00
  • Tax Census Tract: 311.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2020
Sold by
Taylor Robert M and Taylor Allison C
Bought by
Rockhill Way Llc
Current Estimated Value
$759,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Outstanding Balance
$268,123
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$491,057

Purchase Details

Closed on
Feb 14, 2019
Sold by
Taylor Robert M and Taylor Allison C
Bought by
Rockhill Llc

Purchase Details

Listed on
Aug 4, 2018
Closed on
Sep 5, 2018
Sold by
Andrawis Teresa
Bought by
Taylor Robert M and Taylor Allison C
Seller's Agent
Sara Beresford
COLDWELL BANKER REALTY
Buyer's Agent
Sara Beresford
COLDWELL BANKER REALTY
List Price
$439,000
Sold Price
$430,000
Premium/Discount to List
-$9,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$307,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2002
Sold by
Andrawis Wadie Mina
Bought by
Andrawis Teresa

Purchase Details

Closed on
Oct 15, 2002
Sold by
Balsamo John
Bought by
Andrawis Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2001
Sold by
Ladd O P
Bought by
Balsamo John

Purchase Details

Closed on
Oct 30, 1995
Sold by
Ladd O P
Bought by
Ladd O P
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
Rockhill Way Llc -- First Amer Ttl Co Res Div
Taylor Robert M -- First Amer Ttl Co Res Div
Rockhill Llc -- None Available
Taylor Robert M $430,000 None Available
Andrawis Teresa -- First American Title Co
Andrawis Teresa $210,000 First American Title Ins Co
Balsamo John $165,000 First American Title Co
Ladd O P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Robert M $302,000
Previous Owner Taylor Robert M $307,500
Previous Owner Andrawis Teresa $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2018 09/12/18 Sold $430,000 -2.1% $252 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
08/04/2018 08/04/18 For Sale $439,000 -- $257 / 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 $5,211 $479,668 $83,661 $396,007
2023 $5,211 $461,044 $80,413 $380,631
2022 $5,093 $452,005 $78,837 $373,168
2021 $5,026 $443,143 $77,292 $365,851
2020 $4,988 $438,600 $76,500 $362,100
2019 $4,894 $430,000 $75,000 $355,000
2018 $3,073 $267,288 $69,999 $197,289
2017 $3,019 $262,048 $68,627 $193,421
2016 $2,827 $256,911 $67,282 $189,629
2015 $2,786 $253,054 $66,272 $186,782
2014 $2,760 $248,099 $64,975 $183,124
Source: Public Records

Agents Affiliated with this Home

  • Sara Beresford

    Seller's Agent in 2018

    Sara Beresford

    COLDWELL BANKER REALTY

    (951) 201-9709

    75 Total Sales

    Sara Beresford
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18188986

California Regional Multiple Listing Service (CRMLS)

APN: 225-173-040

California Riverside County Riverside 92506 Magnolia Center

3459 Central Ave, Riverside, CA

This home is located at 3459 Central Ave, Riverside, CA 92506 since 04 August 2018 and is currently estimated at $759,180, approximately $444 per square foot. This property was built in 1952. 3459 Central Ave is a home located in Riverside County with nearby schools including Pachappa Elementary School, Central Middle School, and Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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