NOT LISTED FOR SALE

3940 Mennes Ave Riverside, CA 92509

Rubidoux Neighborhood

Estimated Value: $597,000 - $896,000

5 Beds
2 Baths
9,583 Sq Ft
$73/Sq Ft Est. Value

Last Sold October 22, 2020

Last sale price $462,000 $48 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,065/month

Highlights

  • View of Hills
  • Laundry Room
  • No Heating
  • No HOA
  • Level Lot
  • 1-Story Property

About This Home

As of October 2020

Duplex for sale that is a must see!! Both units have been updated on the inside. Great tenants that pay on time. This property is large enough to build additional units. Information to be verified with County. Some exterior care is needed but is reflected in the price. Priced to sell!

Last Agent to Sell the Property

Anthony Granillo

ANTHONY GRANILLO, BROKER License #01398564 Listed on: 07/24/2020

Last Buyer's Agent

Elizabeth Williams

Y Realty License #01276454

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 9,583 Sq Ft Home
  • 1-Story Property
  • Views of Hills

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • No Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 66
  • Tax Tract Number 101
  • Assessor Parcel Number 181101044

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • New Taxes Expense $5,820
  • Operating Expense $6,420
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • View: Yes
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 181101044
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 48.21

Exterior Features

  • View: Hills
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 30600.00
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 600.00
  • Lot Size Area: 9583.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Rent Control: No
  • Total Actual Rent: 2500.00
  • Total Expenses: 6420.00

Tax Info

  • New Taxes Expense: 5820.00
  • Tax Census Tract: 402.03
  • Tax Lot: 66
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2020
Sold by
Empire Properties International Llc
Bought by
Fisher Kristen
Current Estimated Value
$695,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,632
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 10, 2017
Closed on
Jun 13, 2018
Sold by
Salvador Juanita and Padilla Jose Ayala
Bought by
Empire Properties International Llc
Seller's Agent
Dolores Bueno
DOLORES VARGAS BUENO, BROKER
Buyer's Agent
Dolores Bueno
DOLORES VARGAS BUENO, BROKER
List Price
$299,000
Sold Price
$240,000
Premium/Discount to List
-$59,000
-19.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.09%

Purchase Details

Closed on
Apr 19, 2006
Sold by
Sandra Zamora Inc
Bought by
Salvador Juanita and Padilla Jose Ayala

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,570
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 3, 2005
Sold by
Turpin Peterfield B and Turpin Pearl J
Bought by
Zamora Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
8.37%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Fisher Kristen $462,000 Ticor Title Riverside
Empire Properties International Llc $240,000 Ticor Title Company
Salvador Juanita $436,000 Investors Title Company
Sandra Zamora Inc -- None Available
Zamora Sandra $315,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fisher Kristen $453,632
Previous Owner Sandra Zamora Inc $43,570
Previous Owner Salvador Juanita $348,800
Previous Owner Zamora Sandra $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2020 10/22/20 Sold $462,000 +0.5% $48 / Sq Ft
09/16/2020 09/16/20 Price Changed $459,888 0.0% $48 / Sq Ft
07/24/2020 07/24/20 For Sale $459,888 +91.6% $48 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/16/2020 07/16/20 Pending -- -- --
07/02/2018 07/02/18 Sold $240,000 -19.7% $190 / Sq Ft View Prior Sale
10/17/2017 10/17/17 For Sale $299,000 +24.6% $236 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
10/15/2017 10/15/17 Off Market $240,000 -- --
10/10/2017 10/10/17 For Sale $299,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,376 $500,081 $162,364 $337,717
2023 $5,376 $480,664 $156,060 $324,604
2022 $5,259 $471,240 $153,000 $318,240
2021 $5,245 $462,000 $150,000 $312,000
2020 $2,877 $244,800 $76,500 $168,300
2019 $2,717 $240,000 $75,000 $165,000
2018 $5,817 $523,642 $156,129 $367,513
2017 $5,841 $513,375 $153,068 $360,307
2016 $5,761 $503,310 $150,067 $353,243
2015 $5,683 $495,752 $147,814 $347,938
2014 $5,296 $486,042 $144,919 $341,123
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Anthony Granillo

    ANTHONY GRANILLO, BROKER

    Section Image

  • E

    Buyer's Agent in 2020

    Elizabeth Williams

    Y Realty

    (310) 963-0421

    4 Total Sales

    Elizabeth Williams
    Section Image
  • Dolores Bueno

    Seller's Agent in 2018

    Dolores Bueno

    DOLORES VARGAS BUENO, BROKER

    (415) 336-4206

    44 Total Sales

    Dolores Bueno
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20139585

California Regional Multiple Listing Service (CRMLS)

APN: 181-101-044

California Riverside County Riverside 92509 Rubidoux

3940 Mennes Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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