NOT LISTED FOR SALE

3754 Arora St Riverside, CA 92509

Estimated Value: $361,000 - $467,000

4 Beds
4 Baths
860 Sq Ft
$478/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $320,000 $372 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,447/month

1 Day on Market

About This Home

As of November 2022

So much potential to generate a positive cash flow. Unique property near Mission Blvd. Property is zoned commercial and is currently used as residential income property

Last Agent to Sell the Property

Gary Brodie

Coldwell Banker Home Source License #01869239 Listed on: 08/25/2022

Coldwell Banker Home Source

Last Buyer's Agent

Gary Brodie

Coldwell Banker Home Source License #01869239 Listed on: 08/25/2022

Coldwell Banker Home Source

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,194

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • 860 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 38 / C
  • Assessor Parcel Number 179203026
  • $96 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $6,000
  • Trash Expense $200
  • Water Sewer Expense $149
  • Operating Expense $6,349
  • Gross Income $27,000
  • Net Operating Income $23,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,194

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 115000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 149.00
  • Zoning: R-VC,CENTER/R-VC, CENTER
  • Property Type: Residential Income
  • Parcel Number: 179203026
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 372.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 6000.00
  • Gross Income: 27000.00
  • Gross Scheduled Income: 27000.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 23000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 4000.00
  • Rent Control: No
  • Total Expenses: 6349.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 402.04
  • Tax Lot: 38
  • TaxOtherAnnualAssessmentAmount: 96.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Oct 7, 2022
Sold by
Pruitt Fred
Bought by
Mz Debwany Llc
Seller's Agent
Gary Brodie
Coldwell Banker Home Source
Buyer's Agent
Gary Brodie
Coldwell Banker Home Source
List Price
$345,000
Sold Price
$320,000
Premium/Discount to List
-$25,000
-7.25%
Views
55
Current Estimated Value
$411,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,375
Avg. Annual Appreciation
8.92%
Original Mortgage
$185,250
Outstanding Balance
$179,043
Interest Rate
6.7%
Mortgage Type
Balloon
Estimated Equity
$232,332

Purchase Details

Closed on
Jul 18, 2012
Sold by
Pruitt Fred
Bought by
Pruitt Fred

Purchase Details

Closed on
Jan 18, 2011
Sold by
Wells Louvina
Bought by
Wells Louvina

Purchase Details

Closed on
May 5, 1994
Sold by
Braley Ronald W and Braley Connie
Bought by
Wells Louvina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
8.1%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mz Debwany Llc $280,000 --
Pruitt Fred -- None Available
Wells Louvina -- None Available
Wells Louvina E $50,000 Quality Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mz Debwany Llc $185,250
Previous Owner Wells Louvina E $47,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2022 11/03/22 Sold $320,000 -7.2% $372 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $345,000 -- $401 / 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 $3,194 $291,312 $114,444 $176,868
2023 $3,194 $280,000 $110,000 $170,000
2022 $898 $80,044 $48,030 $32,014
2021 $896 $78,476 $47,089 $31,387
2020 $885 $77,673 $46,607 $31,066
2019 $866 $76,151 $45,694 $30,457
2018 $837 $74,659 $44,799 $29,860
2017 $827 $73,196 $43,921 $29,275
2016 $814 $71,761 $43,060 $28,701
2015 $801 $70,685 $42,414 $28,271
2014 $749 $69,302 $41,584 $27,718
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD22186305

California Regional Multiple Listing Service (CRMLS)

APN: 179-203-026