NOT LISTED FOR SALE

Estimated Value: $525,000 - $659,000

7 Beds
3 Baths
3,900 Sq Ft
$152/Sq Ft Est. Value

Last Sold June 30, 2015

Last sale price $630,000 $162 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,370/month

212 Days on Market

Highlights

  • 0.63 Acre Lot
  • Paved or Partially Paved Lot
  • 4-minute walk to Shamel Park
  • 4 Car Garage

About This Home

As of June 2015

Great investment opportunity! 3 separate houses on 3 separate lots! 3590, 3594 & 3598 Arlington Avenue. The houses are directly in front of School. Wonderful central Riverside location, close to the Freeway. City of Riverside says zoned “O” for Office Zone. Please check with City for your desired use. 3590 is 3 bedrooms, 1.5 baths. 3594 is 2 bedrooms, 1 bath and 3598 is 2 bedrooms, 1.5 baths. Each house is approx. 1200-1300 square feet. Lot sizes each are 65’ x 140’, for a total size of 27,300 square feet. 3594 is the middle property and has a parking lot in the back. These would make a wonderful location for your Professional Offices! Or buy them now and hold for future development!

Last Agent to Sell the Property

Steve Maio

WESTCOE REALTORS INC License #00830927 Listed on: 10/22/2014

WESTCOE REALTORS INC

Co-Listed By

Tami Fleming-Maio

WESTCOE REALTORS INC License #01320591

Last Buyer's Agent

Steve Maio

WESTCOE REALTORS INC License #00830927 Listed on: 10/22/2014

WESTCOE REALTORS INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.63 Acre Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 3,900 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 229070006

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,400
  • Water Sewer Expense $3,600
  • New Taxes Expense $9,900
  • Gross Income $3,750
  • Net Operating Income $33,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 229070006
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 161.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: Level, Level with Street, Lot 20000-39999 Sqft, Paved
  • Lot Size Sq Ft: 27300.00
  • Price Per Lot Square Foot: 23.08
  • Lot Size Acres: 0.6270

Multi Family

  • Gross Income: 3750.00
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 27300.0000 Square Feet
  • Net Operating Income: 33750.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 11250.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9900.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2022
Sold by
Sevieri Shelly Family Trust
Bought by
Woodcrest Christian School System
Current Estimated Value
$593,263

Purchase Details

Closed on
Feb 8, 2022
Sold by
Pimentel Steven J and Pimentel Shari L
Bought by
Steven J Pimentel And Shari L Pimentel Living and Pimentel Shari L

Purchase Details

Listed on
Oct 22, 2014
Closed on
Jun 5, 2015
Sold by
Perkins Jerry M
Bought by
Sevieri Shelly and The Family Trust Of Shelly Sevieri
Seller's Agent
Steve Maio
WESTCOE REALTORS INC
Buyer's Agent
Steve Maio
WESTCOE REALTORS INC
List Price
$899,900
Sold Price
$630,000
Premium/Discount to List
-$269,900
-29.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.56%

Purchase Details

Closed on
Jun 25, 2010
Sold by
Schiavone Frank M
Bought by
Perkins Jerry M

Purchase Details

Closed on
Apr 8, 1998
Sold by
Kienle Walter K
Bought by
Schiavone Frank
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
Woodcrest Christian School System $304,090 First American Title
Steven J Pimentel And Shari L Pimentel Living -- None Listed On Document
Sevieri Shelly $235,000 Fatco
Perkins Jerry M $1,297,873 Accommodation
Schiavone Frank -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 Sold $630,000 -30.0% $162 / Sq Ft
05/22/2015 05/22/15 Pending -- -- --
10/22/2014 10/22/14 For Sale $899,900 -- $231 / 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 $3,471 $317,322 $156,060 $161,262
2023 $3,471 $271,460 $127,066 $144,394
2022 $3,027 $266,138 $124,575 $141,563
2021 $2,995 $260,921 $122,133 $138,788
2020 $2,972 $258,246 $120,881 $137,365
2019 $2,917 $253,183 $118,511 $134,672
2018 $2,861 $248,220 $116,188 $132,032
2017 $2,810 $243,354 $113,910 $129,444
2016 $2,632 $238,583 $111,677 $126,906
2015 $1,848 $165,226 $53,298 $111,928
2014 -- $161,992 $52,255 $109,737
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14226183

California Regional Multiple Listing Service (CRMLS)

APN: 229-070-006

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