$405,000
SOLD APR 13, 2021
2 Beds
2 Baths
1,076 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$376 Per Sq Ft

7% Above List Price

48 Days on Market

Highlights

  • Laundry Room
  • Heating System Uses Natural Gas
  • 2-minute walk to Bobby Bonds Park and Sports Complex
  • Polytechnic High School Rated A-
  • 1-Story Property

About This Home

As of February 2024

** Duplex ** Live in One and Rent the Other ** Each unit is one bedroom and one bathroom with room to add another bedroom in the rear of the back unit. ** Centrally Located in the City of Riverside ** Excellent for Commuters ** Close to Schools and Shopping Centers **

Last Agent to Sell the Property

ISAAC SALGADO

ALTICORE REALTY License #01849340 Listed on: 01/19/2021

ALTICORE REALTY

Last Buyer's Agent

James Shelby

Real Brokerage Technologies License #01934670

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,768

Year Built

  • Built in 1943

Lot Details

  • 5,663 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,076 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 56
  • Tax Tract Number 30501
  • Assessor Parcel Number 221051041

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $960
  • Trash Expense $840
  • Water Sewer Expense $1,680
  • New Taxes Expense $4,560
  • Operating Expense $8,040
  • Gross Income $15,600
  • Net Operating Income $14,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,768

Year Built

Built in 1943

Lot Details

0

Listing Details

  • CapRate: 6.09
  • Property Attached: No
  • Water Sewer Expenses: 1680.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 221051041
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 376.39
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 15600.00
  • Gross Multiplier: 8.20
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 960.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 14700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 900.00
  • Rent Control: No
  • Total Expenses: 8040.00

Tax Info

  • New Taxes Expense: 4560.00
  • Tax Census Tract: 305.01
  • Tax Lot: 56
  • Tax Tract Number: 030501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
Feb 8, 2024
Sold by
Garcia Omar
Bought by
Cota Victor Manuel and Cota Adela N
Seller's Agent
Joseph Berni
Realty One Group Pacific
Buyer's Agent
Sonia Moncayo
ROA California Inc.
List Price
$499,000
Sold Price
$524,000
Premium/Discount to List
$25,000
5.01%
Views
173
Current Estimated Value
$598,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,281
Avg. Annual Appreciation
1.18%
Original Mortgage
$514,509
Outstanding Balance
$505,737
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$28,298

Purchase Details

Listed on
Jan 19, 2021
Closed on
Mar 15, 2021
Sold by
Quintana Julian and Quintana Jenny Lucia
Bought by
Garcia Omar
Seller's Agent
ISAAC SALGADO
ALTICORE REALTY
Buyer's Agent
James Shelby
Real Brokerage Technologies
List Price
$380,000
Sold Price
$405,000
Premium/Discount to List
$25,000
6.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.46%
Original Mortgage
$303,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2019
Sold by
Quintana Julian
Bought by
Quintana Julian and Quintana Jenny Lucia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
4.3%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Grant Deed $524,000 Ticor Title
Grant Deed $405,000 Chicago Title Co
Interfamily Deed Transfer -- Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $514,509 FHA
Previous Owner $303,750 New Conventional
Previous Owner $152,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $524,000 +5.0% $487 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
12/14/2023 12/14/23 For Sale $499,000 -4.8% $464 / Sq Ft
12/13/2023 12/13/23 Off Market $524,000 -- --
12/06/2023 12/06/23 For Sale $499,000 -4.8% $464 / Sq Ft
12/05/2023 12/05/23 Off Market $524,000 -- --
12/04/2023 12/04/23 For Sale $499,000 +23.2% $464 / Sq Ft
04/13/2021 04/13/21 Sold $405,000 +6.6% $376 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $380,000 0.0% $353 / Sq Ft
02/21/2021 02/21/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $380,000 -- $353 / 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 $4,768 $534,480 $156,060 $378,420
2023 $4,768 $421,361 $105,080 $316,281
2022 $4,659 $413,100 $103,020 $310,080
2021 $1,430 $120,787 $37,549 $83,238
2020 $1,419 $119,549 $37,164 $82,385
2019 $1,394 $117,206 $36,437 $80,769
2018 $1,367 $114,909 $35,723 $79,186
2017 $1,344 $112,657 $35,023 $77,634
2016 $1,261 $110,449 $34,337 $76,112
2015 $1,243 $108,792 $33,822 $74,970
2014 $1,231 $106,662 $33,160 $73,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21011978

California Regional Multiple Listing Service (CRMLS)

APN: 221-051-041