NOT LISTED FOR SALE

3931 Pacific Ave Riverside, CA 92509

Rubidoux Neighborhood
14 Beds
7 Baths
5,420 Sq Ft
0.39 Acres

Last Sold January 08, 2021

Last sale price $1,160,000 $214 Per Sq Ft

8 Days on Market

About This Home

As of January 2021

Great location great investment 7 unit complex. Newer windows, roof and copper plumbing. Drive by and take a look! Located on a wrap around corner lot. Brings in great income.

Last Agent to Sell the Property

Yiu Kwei

KW Executive License #01875802 Listed on: 11/05/2020

KW Executive

Last Buyer's Agent

Jenny Leung

Pacific Investment License #00691797

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 0.39 Acre Lot
  • No Common Walls

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 5,420 Sq Ft Home

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Tax Tract Number 28109
  • Assessor Parcel Number 182152009

Community Details

Overview

  • 6 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,500
  • Trash Expense $1,100
  • Water Sewer Expense $4,900
  • New Taxes Expense $13,000
  • Operating Expense $21,500
  • Gross Income $86,720
  • Net Operating Income $65,220

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.70
  • Property Attached: No
  • Water Sewer Expenses: 4900.00
  • Zoning: R-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 182152009
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 214.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1100.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16988.00
  • Lot Size Acres: 0.3900

Multi Family

  • Gross Income: 86720.00
  • Gross Scheduled Income: 86720.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 16988.0000 Square Feet
  • Net Operating Income: 65220.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 21500.00
  • Rent Control: Yes
  • Total Actual Rent: 7230.00
  • Total Expenses: 21500.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Block: 1
  • Tax Census Tract: 403.01
  • Tax Lot: 6
  • Tax Tract Number: 028109

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
01/08/2021 01/08/21 Sold $1,160,000 +0.9% $214 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $1,150,000 +51.9% $212 / Sq Ft
02/18/2015 02/18/15 Sold $757,000 +0.9% $140 / Sq Ft View Prior Sale
12/30/2014 12/30/14 Pending -- -- --
12/16/2014 12/16/14 For Sale $750,000 -- $138 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Yiu Kwei

    Seller's Agent in 2021

    Yiu Kwei

    KW Executive

    (626) 512-5822

    1 in this area

    74 Total Sales

    Yiu Kwei
    Section Image

  • J

    Buyer's Agent in 2021

    Jenny Leung

    Pacific Investment

    (626) 810-3370

    1 in this area

    5 Total Sales

    Jenny Leung
    Section Image

  • J

    Seller's Agent in 2015

    Josh Huizar

    CORCORAN GLOBAL LIVING

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20233632

California Regional Multiple Listing Service (CRMLS)

APN: 182-152-009

California Riverside County Riverside 92509 Rubidoux

3931 Pacific Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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