NOT LISTED FOR SALE

3848 Locust St Riverside, CA 92501

Downtown Riverside Neighborhood
5 Beds
6 Baths
-- Sq Ft
0.47 Acres

Last Sold April 30, 2014

Last sale price $470,000

368 Days on Market

Highlights

  • 0.47 Acre Lot
  • Level Lot
  • 5-minute walk to White Park
  • Polytechnic High School Rated A-
  • 1-Story Property

About This Home

As of April 2014

GREAT Opportunity to Purchase a FOUR-PLEX and a DUPLEX together with a total of SIX Units and FOUR GARAGES! SEPARATE METERS. ONE master for water. Walk to Mission Inn, Restraunts and Shopping. GOOD Rental income with LONG TERM TENATS! Units are not updated, HOWEVER this is RENTAL INCOME PROPERTY and THE TENANTS DO PAY AND ON TIME!! NO RENT CONTROL HERE!!! PLEASE DO NOT SUBMIT any offers at or BELOW $450,000. The SELLER WILL NOT SELL THIS PROPERTY at $450000. Property is sold AS IS! Termite ahs been completed. Tenants are LONG TERM and PAY their RENT! Subject to Cancellation to previous escrow

Last Agent to Sell the Property

Renee Whitman

First Team Real Estate License #00982721 Listed on: 04/25/2013

First Team Real Estate

Last Buyer's Agent

Tony Haddad

DYNASTY REAL ESTATE License #01744006

DYNASTY REAL ESTATE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.47 Acre Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Additional Features

  • 1-Story Property
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Assessor Parcel Number 214292018

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,655
  • Maintenance Expense $600
  • Professional Management Expense $1,200
  • Water Sewer Expense $1,000
  • New Taxes Expense $5,253
  • Gross Income $4,700
  • Net Operating Income $200

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Other Phone Description: 714-325-3609
  • Other Phone Number: 714-325-3609
  • Professional Management Expense: 1200.00
  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 214292018
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Level, Level with Street, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20400.00
  • Lot Size Acres: 0.4680

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4700.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 3655.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 20400.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 200.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number Wall A C: 6
  • Number With Range: 6
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Actual Rent: 4700.00

Tax Info

  • New Taxes Expense: 5253.00
  • Tax Lot: 11
  • Tax Year: 2011

Range of Values:

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Sold Price
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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
04/30/2014 04/30/14 Sold $470,000 -8.3% --
04/28/2014 04/28/14 Pending -- -- --
04/25/2013 04/25/13 For Sale $512,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Renee Whitman

    Seller's Agent in 2014

    Renee Whitman

    First Team Real Estate

    (714) 325-3609

    27 Total Sales

    Renee Whitman
    Section Image

  • T

    Buyer's Agent in 2014

    Tony Haddad

    DYNASTY REAL ESTATE

    (909) 331-8022

    6 Total Sales

    Tony Haddad
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13077367

California Regional Multiple Listing Service (CRMLS)

APN: 214-292-018

California Riverside County Riverside 92501 Downtown Riverside

3848 Locust St, Riverside, CA

This home is located at 3848 Locust St, Riverside, CA 92501 since 25 April 2013. This property was built in 1950. 3848 Locust St is a home located in Riverside County with nearby schools including Bryant Elementary, Central Middle School, and Polytechnic 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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