NOT LISTED FOR SALE

Estimated Value: $650,000 - $730,000

5 Beds
3 Baths
2,218 Sq Ft
$309/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $605,000 $273 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,163/month

22 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • Chain Link Fence
  • Wood Flooring
  • Space Heater
  • 1-Story Property

About This Home

As of December 2021

HONEY STOP THE CAR!! This adorable three-unit income property located in downtown Riverside has one 2BR/1BA and two 1BR/1BA apartments and needs a lot of TLC. The seller will not do any improvements. It has a lot of potential and is centrally located a within a few blocks from the Mission Inn, the Fox Theater, the Food Lab, Mt. Rubidoux, restaurants, the Farmer’s Market, freeways and Riverside’s developing downtown area. UCR and Riverside Community College are within biking and/or driving distance as well. The fenced front yard offers a deck with a gazebo and the cute front porch opens to two of the 2BR/1BA units, one with a fireplace in the living room. There is a communal laundry room, and each unit has a separate entrance and exit.

Last Agent to Sell the Property

KRISTA DIXON

COLDWELL BANKER REALTY License #01707317 Listed on: 09/28/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Christine Ward

Pacific Investment Associates License #01829896

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Cosmetic Repairs Needed

Interior Spaces

  • 2,218 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Electric Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Driveway

Additional Features

  • Exterior Lighting
  • Urban Location
  • Space Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 4
  • Tax Tract Number 303
  • Assessor Parcel Number 213171020
  • $451 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $3,500
  • Net Operating Income $300

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: R3
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 213171020
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 272.77
  • Room Type: All Bedrooms Down

Exterior Features

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

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Space Heater
  • Laundry Features: Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 3500.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 350.00
  • Rent Control: No

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 303.00
  • TaxOtherAnnualAssessmentAmount: 450.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
Ward Christine
Bought by
Cnss Investments Llc
Current Estimated Value
$685,715

Purchase Details

Listed on
Sep 28, 2021
Closed on
Nov 1, 2021
Sold by
Swanson David and Swanson Sigfrid M
Bought by
Ward M Christine
Seller's Agent
KRISTA DIXON
COLDWELL BANKER REALTY
Buyer's Agent
Christine Ward
Pacific Investment Associates
List Price
$700,000
Sold Price
$605,000
Premium/Discount to List
-$95,000
-13.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%
Original Mortgage
$446,250
Interest Rate
3.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cnss Investments Llc -- --
Ward M Christine $248,904 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ward M Christine $446,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2021 12/09/21 Sold $605,000 +0.8% $273 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
10/11/2021 10/11/21 Price Changed $600,000 -4.0% $271 / Sq Ft
10/07/2021 10/07/21 Price Changed $625,000 -10.7% $282 / Sq Ft
09/28/2021 09/28/21 For Sale $700,000 -- $316 / 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 $6,844 $631,417 $157,058 $474,359
2023 $6,844 $606,900 $150,960 $455,940
2022 $6,688 $595,000 $148,000 $447,000
2021 $455 $39,928 $12,846 $27,082
2020 $451 $39,520 $12,715 $26,805
2019 $442 $38,746 $12,466 $26,280
2018 $433 $37,987 $12,222 $25,765
2017 $425 $37,243 $11,983 $25,260
2016 $401 $36,514 $11,749 $24,765
2015 $394 $35,967 $11,573 $24,394
2014 $388 $35,265 $11,348 $23,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21180309

California Regional Multiple Listing Service (CRMLS)

APN: 213-171-020