NOT LISTED FOR SALE
5 Beds
5 Baths
2,175 Sq Ft
3,920 Sq Ft Lot

Last Sold July 23, 2020

Last sale price $810,000 $372 Per Sq Ft

21 Days on Market

About This Home

As of July 2020

Beautiful 5 unit Apartment Building in Downtown Riversides Exclusive Historic District. Location is within walking distance of a Shopping, Night life and restaurants as well as to famous landmarks like the Mission Hotel, Convention Center, Fox Theater and Much more! The location is also close to many Job Centers, such as all County and City Buildings, also just minutes from UC Riverside, Riverside Community College and Cal Baptist University and walking distance to the Metrolink. On the interior each unit is in turnkey condition with, Granite Countertops, Tile Flooring recessed lights, and A/C Units in each unit, property has extremely low Utility Expenses. The combination of condition and location make this the dream property for a Investor who is looking for great Cash Flow and yet having great Upside in Capital Appreciation!

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 04/24/2020

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 04/24/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 3,920 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • 2,175 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Legal Lot and Block 4 / 4
  • Tax Tract Number 9041
  • Assessor Parcel Number 213171021

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,165
  • Trash Expense $2,448
  • Water Sewer Expense $480
  • New Taxes Expense $9,630
  • Operating Expense $14,745
  • Net Operating Income $55,834

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: 5628410227
  • Property Attached: Yes
  • Water Sewer Expenses: 480.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 213171021
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 372.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2448.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3920.00
  • Lot Size Acres: 0.0900

Multi Family

  • Gross Scheduled Income: 70579.00
  • Insurance Expense: 2165.00
  • Lot Size Area: 3920.0000 Square Feet
  • Net Operating Income: 55834.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 14745.00
  • Rent Control: No
  • Total Actual Rent: 5883.00
  • Total Expenses: 14745.00

Tax Info

  • New Taxes Expense: 9630.00
  • Tax Block: 4
  • Tax Census Tract: 303.00
  • Tax Lot: 4
  • Tax Tract Number: 009041

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
07/23/2020 07/23/20 Sold $810,000 -1.8% $372 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $825,000 +122.4% $379 / Sq Ft
10/01/2014 10/01/14 Sold $371,000 -1.1% $133 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
09/30/2014 09/30/14 For Sale $375,000 -- $134 / 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: OC20078657

California Regional Multiple Listing Service (CRMLS)

APN: 213-171-021