NOT LISTED FOR SALE

3576 Lou Ella Ln Riverside, CA 92507

Eastside Neighborhood
8 Beds
8 Baths
5,950 Sq Ft
10,454 Sq Ft Lot

Last Sold April 16, 2018

Last sale price $1,110,000 $187 Per Sq Ft

6 Days on Market

About This Home

As of April 2018

Well maintained 8 Unit apartment building. 6 Units are 1 bedroom/1 bathroom and 2 units are 2 bedroom/1 bathroom. In the past the flooring was upgraded in 5 of the 8 units. Extensive roof work was done in 2013. Exterior paint was done in 2014. Fumigation done in 2017. This apartment building is located nearby shopping centers, banks, restaurants, and professional services. There is also covered parking available.

Last Agent to Sell the Property

Hank Hoang

Re/Max Top Producers License #01421175 Listed on: 02/26/2018

Last Buyer's Agent

Lily Ren

Centaline Investment Inc License #01975449

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 10,454 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 7 Car Garage

Home Design

  • 5,950 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 211162023

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Fuel Expense $150
  • Insurance Expense $5,000
  • Professional Management Expense $4,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $14,000
  • Operating Expense $26,550
  • Gross Income $82,800
  • Net Operating Income $53,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

7

Listing Details

  • Professional Management Expense: 4000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 211162023
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 186.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Multi Family

  • Electric Expense: 400.00
  • Fuel Expense: 150.00
  • Gross Income: 82800.00
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 53750.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 26550.00
  • Rent Control: No
  • Total Actual Rent: 6900.00
  • Total Expenses: 26550.00
  • Vacancy Allowance: 2500

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Lot: 12
  • Tax Tract Number: ?

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
04/16/2018 04/16/18 Sold $1,110,000 +2.8% $187 / Sq Ft
03/04/2018 03/04/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $1,080,000 -- $182 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Hank Hoang

    RE/MAX

    Section Image

  • L

    Buyer's Agent in 2018

    Lily Ren

    Centaline Investment Inc

    (888) 608-6166

    12 Total Sales

    Lily Ren
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18046083

California Regional Multiple Listing Service (CRMLS)

APN: 211-162-023

California Riverside County Riverside 92507 Eastside

3576 Lou Ella Ln, Riverside, CA

This home is located at 3576 Lou Ella Ln, Riverside, CA 92507 since 26 February 2018. This property was built in 1960. 3576 Lou Ella Ln is a home located in Riverside County with nearby schools including William Howard Taft Elementary School, University Heights Middle School, and John W. North 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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