$1,255,000
SOLD FEB 28, 2022
3 Beds
2 Baths
4,340 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$289 Per Sq Ft

5% Below List Price

20 Days on Market

About This Home

As of February 2024

LOCATED IN THE HEART OF DOWNTOWN RIVERSIDE. WELL PRICED, MULTIPLE OFFERS EXPECTED, WILL SELL FAST.
GARDEN STYLE PROPERTY WITH AN EXCELLENT UNIT MIX. GARAGE PARKING, ON-SITE LAUNDRY.
20%+ UPSIDE IN RENTS IN FAST GROWING DOWNTOWN RIVERSIDE!

Last Agent to Sell the Property

Randall Mycorn

R L M Equities License #02078223 Listed on: 01/13/2022

Last Buyer's Agent

Randall Mycorn

R L M Equities License #02078223 Listed on: 01/13/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,340 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 6 / 4
  • Assessor Parcel Number 213103009
  • $233 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Fuel Expense $1,000
  • Gardener Expense $960
  • Insurance Expense $1,944
  • Maintenance Expense $3,600
  • Other Expense $900
  • Trash Expense $1,600
  • Water Sewer Expense $2,300
  • Operating Expense $28,157
  • Gross Income $3,300
  • Net Operating Income $62,539

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.72
  • Price Per Unit: 220833
  • Property Attached: Yes
  • Water Sewer Expenses: 2300.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 213103009
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 289.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Electric Expense: 600.00
  • Fuel Expense: 1000.00
  • Gross Income: 3300.00
  • Gross Multiplier: 14.19
  • Gross Scheduled Income: 93396.00
  • Insurance Expense: 1944.00
  • Laundry Income: 1800.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 3600.00
  • Net Operating Income: 62539.00
  • 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
  • Operating Expense: 28157.00
  • Other Expense: 900.00
  • Other Expense Description: Misc.
  • Other Income1: 1500.00
  • Other Income Description: Storage
  • Rent Control: Yes
  • Total Actual Rent: 7508.00
  • Total Expenses: 28157.00
  • Vacancy Allowance: 2703

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 303.00
  • Tax Lot: 6
  • TaxOtherAnnualAssessmentAmount: 233.00

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $1,495,000 0.0% $344 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
12/21/2023 12/21/23 For Sale $1,495,000 0.0% $344 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
11/22/2023 11/22/23 Price Changed $1,495,000 -6.3% $344 / Sq Ft
10/13/2023 10/13/23 Price Changed $1,595,000 -5.9% $368 / Sq Ft
08/02/2023 08/02/23 For Sale $1,695,000 +35.1% $391 / Sq Ft
02/28/2022 02/28/22 Sold $1,255,000 -5.3% $289 / Sq Ft
01/13/2022 01/13/22 For Sale $1,325,000 +35.5% $305 / Sq Ft
08/19/2020 08/19/20 Sold $977,540 -2.1% $225 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
03/17/2020 03/17/20 For Sale $999,000 -- $230 / 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: NP22007770

California Regional Multiple Listing Service (CRMLS)

APN: 213-151-012