NOT LISTED FOR SALE

3538 Dwight Ave Riverside, CA 92507

Eastside Neighborhood

Estimated Value: $478,000 - $633,000

3 Beds
3 Baths
1,822 Sq Ft
$299/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $339,900 $187 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,245/month

2 Days on Market

Highlights

  • No Units Above
  • Level Lot
  • 3-minute walk to Patterson Park
  • No HOA
  • Wall Furnace

About This Home

As of May 2019

This property is a legal 3 units, good size lot with room to ad, all 1 bedroom 1 bath, one car garage each unit, good investment opportunity. Easy access to the 91 and 60 Fwys, close to Downtown Riverside and area shopping malls. 2 miles to U C Riverside, 10 minutes to Riverside City College, Polytechnic High School 4.4 milles

Last Agent to Sell the Property

Ricardo Munoz

Excellence RE Real Estate License #00912335 Listed on: 04/18/2019

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 8,276 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,822 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 305
  • Assessor Parcel Number 211153012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $886
  • Other Expense $67
  • Water Sewer Expense $1,880
  • New Taxes Expense $4,249
  • Operating Expense $7,082
  • Gross Income $23,400
  • Net Operating Income $21,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

8,276 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1880.00
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 211153012
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One, Two
  • Price Per Square Foot: 186.55

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Average1 Bed Area: 616 Square Feet
  • Gross Income: 23400.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 886.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 21060.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 3
  • Operating Expense: 2340.00
  • Operating Expense Percent: 10.00
  • Other Expense: 67.00
  • Other Expense Description: License
  • Rent Control: No
  • Total Actual Rent: 1950.00
  • Total Expenses: 7082.00

Tax Info

  • New Taxes Expense: 4249.00
  • Tax Census Tract: 305.03
  • Tax Lot: 25
  • Tax Tract Number: 0305.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Golden Opportunity 14 Lp
Bought by
Spssm Investments Iii Lp
Current Estimated Value
$543,987

Purchase Details

Listed on
Apr 18, 2019
Closed on
Apr 24, 2019
Sold by
Jerez Zac Life Estate Trust
Bought by
Golden Opportunity 14 Lp
Seller's Agent
Ricardo Munoz
Excellence RE Real Estate
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$339,900
Sold Price
$339,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$339,900
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2009
Sold by
Garcia Francisco U and Garcia Maria Delia
Bought by
Marshal Cynthia M Garcia

Purchase Details

Closed on
Mar 28, 2006
Sold by
Garcia Francisco U and Garcia Maria Delia
Bought by
Delias Properties Inc

Purchase Details

Closed on
Aug 20, 2004
Sold by
Martinez Enrique
Bought by
Garcia Francisco U and Garcia Maria Delia

Purchase Details

Closed on
Nov 1, 2003
Sold by
Martinez Enrique and Briseno Maria
Bought by
Martinez Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 1997
Sold by
Guzman Humberto
Bought by
Martinez Enrique and Briseno Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,560
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 1997
Sold by
Bankers Trust Company
Bought by
Guzman Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,200
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 1996
Sold by
Sperry Jack E and Sperry Joan L
Bought by
Bankers Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spssm Investments Iii Lp -- Orange Coast Title Company
Golden Opportunity 14 Lp $340,000 Chicago Title Company
Marshal Cynthia M Garcia -- None Available
Garcia Francisco U -- None Available
Delias Properties Inc -- None Available
Garcia Francisco U $300,000 Lawyers Title
Martinez Enrique -- Commerce Title Company
Martinez Enrique $110,000 Lawyers Title Company
Guzman Humberto $64,000 Chicago Title
Bankers Trust Company $70,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Golden Opportunity 14 Lp $339,900
Previous Owner Martinez Enrique $140,000
Previous Owner Martinez Enrique $109,560
Previous Owner Guzman Humberto $68,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2019 05/17/19 Sold $339,900 0.0% $187 / Sq Ft
05/06/2019 05/06/19 For Sale $339,900 0.0% $187 / Sq Ft
04/20/2019 04/20/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $339,900 -- $187 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,606 $418,010 $104,530 $313,480
2023 $4,606 $401,780 $100,472 $301,308
2022 $4,503 $393,902 $98,502 $295,400
2021 $4,447 $386,179 $96,571 $289,608
2020 $4,414 $382,220 $95,581 $286,639
2019 $4,332 $374,726 $93,707 $281,019
2018 $4,197 $367,379 $91,870 $275,509
2017 $4,123 $360,176 $90,069 $270,107
2016 $3,859 $353,114 $88,303 $264,811
2015 $3,804 $347,812 $86,978 $260,834
2014 $3,768 $341,001 $85,275 $255,726
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Ricardo Munoz

    Excellence RE Real Estate

    (562) 569-1371

    25 Total Sales

    Ricardo Munoz
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19082654

California Regional Multiple Listing Service (CRMLS)

APN: 211-153-012

California Riverside County Riverside 92507 Eastside

3538 Dwight Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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