NOT LISTED FOR SALE

3872 Taft St Riverside, CA 92503

Arlington Neighborhood

Estimated Value: $944,000 - $1,070,000

2 Beds
1 Bath
2,691 Sq Ft
$377/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2021

Last sale price $879,000 $327 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,355 / mo

18 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 4-minute walk to Arlington Park

About This Home

As of November 2021

3872 Taft Street is a 4-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. 3872 Taft Street consists entirely of two-bedroom units and offers amenities including security doors, uncovered parking, and on-site laundry. 3872 Taft Street has an excellent Riverside location, surrounded by some of the city's top shopping destinations. The property is within a 1-mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million square foot shopping mall, Michaels Plaza, Tyler Street Plaza, and Magnolia Plaza, providing residents with easy access to both local and national retailers. Additionally, the property is less than 1 mile away from California State Route 91, connecting residents to nearby employment hubs in Orange and Riverside Counties. Furthermore, Kaiser Permanente Medical Center Riverside, a 224-bed hospital and the 4th largest employer in the city, is located just over 1 mile away.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 08/02/2021

Last Buyer's Agent

Frank Ohrmund

Otay Real Estate Company License #01169441

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1976

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Interior Spaces

  • 2,691 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 31602
  • Assessor Parcel Number 145301019

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $544
  • Fuel Expense $544
  • Insurance Expense $1,042
  • Maintenance Expense $2,000
  • Other Expense $2,177
  • Trash Expense $544
  • Water Sewer Expense $544
  • New Taxes Expense $9,829
  • Operating Expense $17,224
  • Gross Income $45,888
  • Net Operating Income $26,396

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1976

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 544.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 145301019
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 326.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 544.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 544.00
  • Fuel Expense: 544.00
  • Gross Income: 45888.00
  • Gross Operating Income: 43620.00
  • Gross Scheduled Income: 45360.00
  • Insurance Expense: 1042.00
  • Lot Size Area: 0.1500 Acres
  • Maintenance Expense: 2000.00
  • Net Operating Income: 26396.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17224.00
  • Other Expense: 2177.00
  • Other Expense Description: Misc
  • Other Income1: 528.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 3780.00
  • Total Expenses: 17224.00

Tax Info

  • New Taxes Expense: 9829.00
  • Tax Census Tract: 316.02
  • Tax Lot: 11
  • Tax Tract Number: 031602

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2021
Closed on
Nov 18, 2021
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Frank Ohrmund
Otay Real Estate Company
List Price
$879,000
Sold Price
$879,000
Current Estimated Value
$1,015,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,776
Avg. Annual Appreciation
3.27%

Purchase Details

Closed on
Feb 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 9, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.98%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$879,000 Chicago Title Company
-- None Available
-- None Available
-- Accommodation
$160,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $130,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $879,000 0.0% $327 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $879,000 -- $327 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,167 $932,800 $189,955 $742,845
2023 $10,167 $896,580 $182,580 $714,000
2022 $9,937 $879,000 $179,000 $700,000
2021 $3,588 $305,832 $78,380 $227,452
2020 $3,562 $302,697 $77,577 $225,120
2019 $3,497 $296,762 $76,056 $220,706
2018 $3,431 $290,944 $74,565 $216,379
2017 $3,372 $285,240 $73,103 $212,137
2016 $3,162 $279,648 $71,670 $207,978
2015 $3,118 $275,450 $70,595 $204,855
2014 $3,089 $270,057 $69,213 $200,844
Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2021

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    165 Total Sales

    Tyler Leeson
    Section Image
  • Frank Ohrmund

    Buyer's Agent in 2021

    Frank Ohrmund

    Otay Real Estate Company

    (619) 397-5300

    3 in this area

    11 Total Sales

    Frank Ohrmund
    Section Image

  • S

    Buyer's Agent in 2021

    Steven Cheung

    Century 21 Realty Alliance

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21169594

California Regional Multiple Listing Service (CRMLS)

APN: 145-301-019

California Riverside County Riverside 92503 Arlington

3872 Taft St, Riverside, CA

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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