NOT LISTED FOR SALE

3958 Van Buren Blvd Unit 2 Riverside, CA 92503

Arlington Neighborhood

Estimated Value: $531,000 - $659,000

5 Beds
3 Baths
1,651 Sq Ft
$363/Sq Ft Est. Value

Last Sold May 28, 2019

Last sale price $435,000 $263 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,800/month

30 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Corner Lot
  • No HOA
  • Contemporary Architecture
  • Granite Countertops
  • 3-minute walk to Arlington Park

About This Home

As of May 2019

Attention Investors and all Buyers. Great opportunity... Own Two Homes on One Lot. Front House offers an open floor plan 1171Sq Ft has 3 bedrooms and 2 bathrooms, formal dining room Kitchen with granite counter tops and stainless steel appliances, 3 good size Bedrooms, Laundry room, and a 2 detach garage House #2 has 1 bedrooms 1 bathroom + 1 additional room that is being use as a bedroom. Each house has their own yard and parking. The side yard allows for plenty of parking. The property is centrally located off the 91 Fwy & Van Buren Exit. The main cross streets are Van Buren & Garfield. It is conveniently located near the 91 freeway, schools, and Tyler Galleria

Excellent Income property. Live in one and rent the other. Call me for your private showing

Last Agent to Sell the Property

Letty Dooley

EXP REALTY OF CALIFORNIA INC License #01300685 Listed on: 03/23/2019

EXP REALTY OF CALIFORNIA INC

Last Buyer's Agent

Jim Ryan

2000 & Beyond Realty License #00853983

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,272

Year Built

  • Built in 1941

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Cross Fenced
  • Chain Link Fence
  • Fence is in good condition
  • Corner Lot
  • Corners Of The Lot Have Been Marked
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Auto Driveway Gate

Home Design

  • Duplex
  • Contemporary Architecture
  • Interior Block Wall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,651 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Free-Standing Range
  • Granite Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Fireplace in Patio
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, exterior maintenance, grounds care
  • Tax Lot 5
  • Assessor Parcel Number 145290050

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 $850
  • New Taxes Expense $4,400
  • Operating Expense $5,200
  • Gross Income $2,000
  • Net Operating Income $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,272

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: R2
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 145290050
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls, Granite Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Dining Room, Kitchen, Living Room, Master Bedroom, Patio, Electric, Gas
  • Levels: One
  • Price Per Square Foot: 263.48
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Cross Fenced, Good Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Garage Faces Side
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Corners Marked, Front Yard, Lot 6500-9999
  • Lot Size: 6534
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: All Utilities, Exterior Maintenance, Grounds Care

Multi Family

  • Average2 Bed Area: 480 Square Feet
  • Average3 Bed Area: 1171 Square Feet
  • Gross Income: 2000.00
  • Gross Scheduled Income: 2000.00
  • Insurance Expense: 850.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 1800.00
  • 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 Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 10.00
  • Rent Control: No
  • Total Actual Rent: 2000.00
  • Total Expenses: 5200.00

Tax Info

  • New Taxes Expense: 4400.00
  • Tax Census Tract: 316.02
  • Tax Lot: 5
  • Tax Tract Number: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2019
Closed on
Apr 26, 2019
Sold by
Winson International Llc
Bought by
Sheikh Adnan Danish
Seller's Agent
Letty Dooley
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
Jim Ryan
2000 & Beyond Realty
List Price
$459,000
Sold Price
$435,000
Premium/Discount to List
-$24,000
-5.23%
Current Estimated Value
$613,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,765
Avg. Annual Appreciation
5.44%
Original Mortgage
$304,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2014
Sold by
Salinas Samuel
Bought by
Winson International Llc

Purchase Details

Closed on
Feb 24, 1999
Sold by
Murphy Myrl L and Murphy Anna L
Bought by
Salinas Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 19, 1997
Sold by
Murphy Myrl L and Murphy Anna L
Bought by
Murphy Myrl L and Murphy Anna L
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Sheikh Adnan Danish $435,000 Ticor Title
Winson International Llc $208,500 Lawyers Title
Salinas Samuel $95,000 --
Murphy Myrl L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheikh Adnan Danish $300,000
Closed Sheikh Adnan Danish $304,500
Previous Owner Winson International Llc $700,000
Previous Owner Salinas Samuel $65,000
Previous Owner Salinas Samuel $25,000
Previous Owner Salinas Samuel $215,000
Previous Owner Salinas Samuel $20,000
Previous Owner Salinas Samuel $143,000
Previous Owner Salinas Samuel $50,000
Previous Owner Salinas Samuel $10,000
Previous Owner Salinas Samuel $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2019 05/28/19 Sold $435,000 -5.2% $263 / Sq Ft
05/28/2019 05/28/19 For Sale $459,000 +5.5% $278 / Sq Ft
04/16/2019 04/16/19 Off Market $435,000 -- --
03/23/2019 03/23/19 For Sale $459,000 -- $278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $5,272 $485,246 $66,929 $418,317
2023 $5,272 $466,405 $64,331 $402,074
2022 $5,153 $457,261 $63,070 $394,191
2021 $5,084 $448,296 $61,834 $386,462
2020 $5,046 $443,700 $61,200 $382,500
2019 $2,648 $229,118 $65,931 $163,187
2018 $2,597 $224,627 $64,639 $159,988
2017 $2,551 $220,223 $63,372 $156,851
2016 $2,390 $215,906 $62,130 $153,776
2015 $2,356 $212,665 $61,198 $151,467
2014 $1,340 $116,617 $44,753 $71,864
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19065439

California Regional Multiple Listing Service (CRMLS)

APN: 145-290-050