Seller's Agent in 2021
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
144 Total Sales
3872 Taft St Riverside, CA 92503
Arlington NeighborhoodEstimated Value: $1,031,718 - $1,183,000
2
Beds
1
Bath
2,691
Sq Ft
$400/Sq Ft
Est. Value
Highlights
- Laundry Room
- Level Lot
- 4-minute walk to Arlington Park
About This Home
As of November 20213872 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
Marcus & Millichap RE Invest License #01451551 Listed on: 08/02/2021
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $10,167
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2021
Closed on
Nov 18, 2021
Sold by
3872 Taft 4 Units Llc
Bought by
Aloe Properties Llc
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
Total Days on Market
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,680
Avg. Annual Appreciation
5.93%
Original Mortgage
$8,000,000
Outstanding Balance
$7,416,245
Interest Rate
3.09%
Mortgage Type
Commercial
Estimated Equity
-$6,339,565
Purchase Details
Closed on
Feb 10, 2009
Sold by
Tabello Fares and Tabello Hani
Bought by
3872 Taft 4 Units Llc
Purchase Details
Closed on
Aug 25, 2006
Sold by
Tabello Fares and Tabello Hani
Bought by
Tabello Fares and Tabello Hani
Purchase Details
Closed on
Apr 9, 2001
Sold by
Corridean Rosalie J
Bought by
Tabello Hani and Tabello Fares
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aloe Properties Llc | $879,000 | Chicago Title Company | |
| 3872 Taft 4 Units Llc | -- | None Available | |
| Tabello Hani | -- | None Available | |
| Tabello Fares | -- | Accommodation | |
| Tabello Hani | $160,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aloe Properties Llc | $8,000,000 | |
| Previous Owner | Tabello Hani | $130,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
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 |
|---|---|---|---|---|
| 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
-
Frank Ohrmund
Buyer's Agent in 2021
Frank Ohrmund
Otay Real Estate Company
(619) 397-5300
3 in this area
14 Total Sales
-
S
Buyer's Agent in 2021
Steven Cheung
Century 21 Realty Alliance
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21169594
APN: 145-301-019
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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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