Michael Barragan
AMERIPRIDE PROPERTIES
(909) 442-1231
43 Total Sales
1 in Eastside
$1,650,000 Price
3575 Ottawa Ave Riverside, CA 92507
Eastside Neighborhood
3
Beds
2
Baths
6,970
Sq Ft
0.55
Acre Lot
About This Home
As of February 2016Highlights; Competitive Offering CAP Rate of 6.01 % With a ProForma CAP Rate of 6.42 %, Competitive Offering GRM of 10.77 With a ProForma GRM of 10.39, New Vinyl Windows, Tuck Under Garages, Conservative 10% Upside In Potential Rental Income Per Rental Survey, 100 % Occupied Asset, Rental Comparables Illustrate a 98 % Occupancy Area. The Ottawa Street Apartment is situated on a corner lot totaling 24,000 Sq. Ft. This ten unit apartment community is composed of 5 one bedroom / one bathroom units & 5 two bedroom / one bathroom units. The property has been updated throughout the years, recent improvements include new vinyl windows throughout. The current tenants are long term & the building is 100% occupied. In the heart of the City of Riverside, the property is ideally located, one block north of University Avenue, which represents a main thoroughfare between Historic Downtown Riverside, Riverside Community College and The University of California Riverside. University Avenue has been an emphasis of development, with new retail and office spaces steadily moving east, towards Downtown. With initiatives by the City to implement street cars running from Downtown to the UCR Campus, a train station in the neighborhood is also expected in the near future.
Last Agent to Sell the Property
LE INVESTMENT GROUP License #01468313 Listed on: 11/17/2015
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 24,000 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 5 Car Garage
Home Design
- 6,970 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 153
- Assessor Parcel Number 211153006
Community Details
Overview
- 2 Buildings
- 10 Units
Building Details
- 10 Separate Electric Meters
- 1 Separate Gas Meter
- 10 Separate Water Meters
- Electric Expense $1,767
- Gardener Expense $600
- Insurance Expense $2,674
- Maintenance Expense $4,800
- Pest Control $300
- Professional Management Expense $4,000
- Supplies Expense $600
- Trash Expense $1,584
- Water Sewer Expense $2,703
- New Taxes Expense $12,100
- Gross Income $8,820
- Net Operating Income $70,651
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 3, 2020
Sold by
Bought by
Purchase Details
Listed on
Nov 17, 2015
Closed on
Feb 9, 2016
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$1,100,000
Sold Price
$1,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 17, 2015
Closed on
Feb 5, 2016
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$1,100,000
Sold Price
$1,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 30, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,900
Interest Rate
6.43%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 26, 2005
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Eastside, CA
-
Michael Barragan
-
Whenrica McAfee
Whenrica McAfee
Excellence RE Real Estate
(951) 848-5254
37 Total Sales
2 in Eastside
$510,000 Price Range
-
Edson Miranda
Edson Miranda
OFFERCITY HOMES
(951) 400-0508
40 Total Sales
1 in Eastside
$154,990 Price
-
Karla Telleria
Karla Telleria
Keller Williams Realty
(424) 393-2593
45 Total Sales
2 in Eastside
$560,000 Price Range
-
Walter Brimm
Walter Brimm
COLDWELL BANKER REALTY
(951) 406-4228
47 Total Sales
1 in Eastside
$410,000 Price
-
Hasaranga Ratnayake
Hasaranga Ratnayake
BEST PROPERTY MANAGEMENT & REA
(951) 877-5217
55 Total Sales
2 in Eastside
$455K - $585K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| -- | None Available | ||
| $1,100,000 | Old Republic Title | ||
| -- | Old Republic Title | ||
| $916,500 | Stewart Title Riverside | ||
| -- | Stewart Title Riverside |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $975,000 | ||
| Previous Owner | $715,000 | ||
| Previous Owner | $549,900 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/15/2016 02/15/16 | Sold | $1,100,000 | 0.0% | $158 / Sq Ft |
| 12/14/2015 12/14/15 | Pending | -- | -- | -- |
| 11/17/2015 11/17/15 | For Sale | $1,100,000 | -- | $158 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $14,656 | $1,313,852 | $358,824 | $955,028 |
| 2025 | $14,182 | $1,288,091 | $351,789 | $936,302 |
| 2023 | $14,182 | $1,238,076 | $338,130 | $899,946 |
| 2022 | $13,864 | $1,213,800 | $331,500 | $882,300 |
| 2021 | $13,651 | $1,190,000 | $325,000 | $865,000 |
| 2020 | $13,694 | $1,190,674 | $324,729 | $865,945 |
| 2019 | $13,439 | $1,167,328 | $318,362 | $848,966 |
| 2018 | $13,180 | $1,144,440 | $312,120 | $832,320 |
| 2017 | $12,949 | $1,122,000 | $306,000 | $816,000 |
| 2016 | $7,825 | $698,250 | $210,000 | $488,250 |
| 2015 | $7,472 | $665,000 | $200,000 | $465,000 |
| 2014 | $7,544 | $665,000 | $200,000 | $465,000 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
Seller's Agent in 2016
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
24 Total Sales
-
Anie Mayelian
Buyer's Agent in 2016
Anie Mayelian
Keller Williams Realty Calabasas
(818) 915-9118
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV15248158
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.
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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