$780,000
SOLD OCT 11, 2024
6 Beds
3 Baths
2,292 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$340 Per Sq Ft

2% Below List Price

124 Days on Market

Highlights

  • No Units Above
  • Central Heating
  • 5-minute walk to Patterson Park
  • Laundry Room
  • 1-Story Property

About This Home

As of October 2024

Welcome to an exciting investment opportunity in the heart of Riverside! This triplex boasts three separate units, providing income potential. Each unit offers comfortable living spaces, ensuring tenant satisfaction and long-term occupancy. Whether you’re a seasoned investor or venturing into real estate for the first time, this triplex offers the perfect blend of income potential, convenience, and long-term value. Don’t miss out on this fantastic opportunity to secure your foothold in Riverside’s thriving real estate market!

Last Agent to Sell the Property

Channy Chor

JohnHart Real Estate License #02016701 Listed on: 04/15/2024

JohnHart Real Estate

Last Buyer's Agent

Fema Rastawan

Engel & Völkers Newport Beach License #02212088

Engel & Völkers Newport Beach

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,899

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 2,292 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating
  • Private Water Source

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 211153008
  • $116 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,164
  • Water Sewer Expense $840
  • Operating Expense $2,004
  • Gross Income $4,500
  • Net Operating Income $51,996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,899

Year Built

Built in 1954 | Remodeled

Lot Details

0

Listing Details

  • Price Per Unit: 266666
  • Property Attached: Yes
  • Water Sewer Expenses: 840.00
  • Zoning: R3
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 211153008
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall, No One Above
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 340.31

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600
  • Latitude Manual: 33.97812300

Multi Family

  • Gross Income: 4500.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1164.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 51996.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2004.00
  • Rent Control: No
  • Total Expenses: 2004.00

Tax Info

  • Tax Census Tract: 305.03
  • Tax Lot: 21
  • Tax Tract Number: SB Mad
  • TaxOtherAnnualAssessmentAmount: 116.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Oct 15, 2024
Sold by
Matin Samadi Family 2018 Trust and Matin Amir
Bought by
Matin Samadi Family 2018 Trust and Matin
Seller's Agent
Channy Chor
JohnHart Real Estate
Buyer's Agent
Fema Rastawan
Engel & Völkers Newport Beach
List Price
$799,999
Sold Price
$780,000
Premium/Discount to List
-$19,999
-2.5%
Views
119
Current Estimated Value
$830,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,377
Avg. Annual Appreciation
6.81%
Original Mortgage
$585,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2024
Closed on
Aug 20, 2024
Sold by
Chea Rattanak and Som Sopheap
Bought by
Matin Amir and Samadi Fereshteh
Seller's Agent
Channy Chor
JohnHart Real Estate
Buyer's Agent
Fema Rastawan
Engel & Völkers Newport Beach
List Price
$799,999
Sold Price
$780,000
Premium/Discount to List
-$19,999
-2.5%
Views
119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2018
Closed on
Mar 1, 2018
Sold by
Omni Group Llc
Bought by
Chea Rattanak and Som Sopheap
Seller's Agent
Lillian Wasluskas
KELLER WILLIAMS RIVERSIDE CENT
Buyer's Agent
Channy Chor
JohnHart Real Estate
List Price
$500,000
Sold Price
$480,000
Premium/Discount to List
-$20,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$384,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2016
Sold by
Knowlton Jonas M and Knowlton Tammy L
Bought by
Omni Group Llc

Purchase Details

Listed on
Apr 8, 2016
Closed on
Apr 18, 2016
Sold by
Connor James K and Connor Frances L
Bought by
Knowlton Jonas M and Knowlton Tammy L
Seller's Agent
Tom Harness
RE/MAX HORIZON
Buyer's Agent
James Holmes
Coldwell Banker Realty
List Price
$384,900
Sold Price
$379,000
Premium/Discount to List
-$5,900
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$284,250
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2001
Sold by
Fetter Margie N
Bought by
Connor James K and Connor Frances L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,750
Interest Rate
6.67%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Gift Deed -- Lawyers Title
Grant Deed $780,000 Lawyers Title
Grant Deed $960,000 Orange Coast Title Co
Grant Deed -- None Available
Grant Deed $379,000 First American Title Company
Grant Deed $156,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $585,000 New Conventional
Previous Owner $375,000 New Conventional
Previous Owner $384,000 New Conventional
Previous Owner $284,250 Commercial
Previous Owner $260,000 Commercial
Previous Owner $120,000 Commercial
Previous Owner $114,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $780,000 -2.5% $340 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $799,999 +2.6% $349 / Sq Ft
06/01/2024 06/01/24 Off Market $780,000 -- --
05/22/2024 05/22/24 For Sale $799,999 +2.6% $349 / Sq Ft
05/14/2024 05/14/24 Off Market $780,000 -- --
04/15/2024 04/15/24 For Sale $828,000 +72.5% $361 / Sq Ft
03/28/2018 03/28/18 Sold $480,000 -4.0% $209 / Sq Ft
01/16/2018 01/16/18 For Sale $500,000 +31.9% $218 / Sq Ft
05/18/2016 05/18/16 Sold $379,000 -1.5% $165 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $384,900 -- $168 / 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 $5,899 $780,000 $234,002 $545,998
2023 $5,899 $524,945 $82,023 $442,922
2022 $5,763 $514,653 $80,415 $434,238
2021 $5,684 $504,563 $78,839 $425,724
2020 $5,641 $499,390 $78,031 $421,359
2019 $5,534 $489,599 $76,501 $413,098
2018 $4,545 $394,311 $83,232 $311,079
2017 $4,470 $386,580 $81,600 $304,980
2016 $2,217 $194,659 $43,668 $150,991
2015 $2,186 $191,737 $43,013 $148,724
2014 $2,166 $187,982 $42,171 $145,811
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24070566

California Regional Multiple Listing Service (CRMLS)

APN: 211-153-008