NOT LISTED FOR SALE
3 Beds
2 Baths
5,100 Sq Ft
0.29 Acres

Last Sold October 21, 2013

Last sale price $765,000 $150 Per Sq Ft

74 Days on Market

About This Home

As of October 2013

Roosevelt Village is located by Van Buren Boulevard and cross street Magnolia Avenue, adjacent to Riverside City Library, this is a well located nine unit apartment building with single story layout.

The unit mix includes eight – one bedroom one bath units and one - two bedroom one bath unit. There’s a security code entrance gate for tenant’s privacy and security. Each of the units has a brand new kitchen, wood flooring in the living room and bedroom. Each bedroom has a walk-in closet, air conditioning unit and individual hot water heater.

All of the hot water heaters are brand new and have been recently replaced. Majority of the windows are newly upgraded to double pane windows. There’s new tile flooring in the kitchen area. Most of the doors have been replaced and all the bathrooms have been upgraded.

The city of Riverside is committed to put in over $300 million dollars into re-development of the downtown areas. Projects include new hotels, office buildings, retail shopping centers and senior housing.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 07/16/2013

Last Buyer's Agent

John Babai

John Babai, Broker License #01347118

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 9 Parking Spaces

Home Design

  • 5,100 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 234111003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Gardener Expense $840
  • Insurance Expense $2,250
  • Maintenance Expense $4,603
  • Other Expense $2,480
  • Professional Management Expense $3,086
  • Trash Expense $1,320
  • Water Sewer Expense $1,440
  • New Taxes Expense $9,265
  • Gross Income $81,120
  • Net Operating Income $51,015

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Other Phone Description: (909) 456-7014
  • Price Per Unit: 94444
  • Professional Management Expense: 3086.00
  • Property Attached: No
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 234111003
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 150.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Trash Expense: 1320.00

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 12458.00
  • Lot Size Acres: 0.2860

Multi Family

  • Average1 Bed Area: 538
  • Average2 Bed Area: 800
  • Electric Expense: 840.00
  • Gross Income: 81120.00
  • Gross Scheduled Income: 81120.00
  • Insurance Expense: 2250.00
  • Lot Size Area: 12458.0000 Square Feet
  • Maintenance Expense: 4603.00
  • Net Operating Income: 51015.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 26124.00
  • Other Expense: 2480.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 9265.00
  • Tax Year: 2012

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
10/21/2013 10/21/13 Sold $765,000 -10.0% $150 / Sq Ft
09/28/2013 09/28/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $850,000 -- $167 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13139606

California Regional Multiple Listing Service (CRMLS)

APN: 234-111-003