NOT LISTED FOR SALE

3959 Wallace St Riverside, CA 92509

Estimated Value: $542,000 - $706,000

5 Beds
3 Baths
960 Sq Ft
$655/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $625,000 $651 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,755/month

8 Days on Market

Highlights

  • Mountain View
  • Block Wall Fence
  • 1-Story Property
  • No HOA
  • No Heating

About This Home

As of August 2024

Amazing opportunity to own a Riverside Duplex! On a large lot Three bedroom two baths, & Two Bedroom one bath, Incredible opportunity for Investors providing income potential property or owner-occupied home with additional income unit offers comfortable living spaces, ensuring tenant satisfaction and long-term occupancy. Whether you’re a seasoned investor or venturing into real estate for the first time, this Duplex offers the perfect blend of income potential, convenience, and long-term value. Don’t miss out on this fantastic opportunity to secure your foothold in Riverside’s thriving real estate market!

Last Agent to Sell the Property

Rodolfo Salinas

Aguilar Realty Brokerage Phone: 714-863-4383 License #02081846 Listed on: 05/13/2024

Last Buyer's Agent

Fernando Hernandez

Coldwell Banker Realty License #02125942

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,494

Year Built

  • Built in 1926

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence

Home Design

  • Duplex
  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Mountain Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Carport
  • Parking Available

Outdoor Features

  • Exterior Lighting

Utilities

  • No Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for gas, repairs, sewer, water
  • Tax Lot 29
  • Tax Tract Number 402
  • Assessor Parcel Number 181101008
  • $140 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $300
  • Insurance Expense $760
  • Operating Expense $1,060
  • Net Operating Income $3,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,494

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 300000
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 181101008
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 651.04

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: No
  • Electric: Standard
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Rental Info

  • Tenant Pays: Gas, Repairs, Sewer, Water

Multi Family

  • Electric Expense: 300.00
  • Gross Scheduled Income: 3100.00
  • Insurance Expense: 760.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 3100.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 1060.00

Tax Info

  • Tax Area: 028108
  • Tax Census Tract: 402.03
  • Tax Lot: 29
  • Tax Tract Number: 402.03
  • TaxOtherAnnualAssessmentAmount: 140.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Aug 14, 2024
Sold by
Hernandez Decalderon Ofelia
Bought by
Blanco Luis Alfonso and Blanco Florencia
Seller's Agent
Rodolfo Salinas
Aguilar Realty
Buyer's Agent
Fernando Hernandez
Coldwell Banker Realty
List Price
$600,000
Sold Price
$625,000
Premium/Discount to List
$25,000
4.17%
Views
47
Current Estimated Value
$628,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,622
Avg. Annual Appreciation
0.50%
Original Mortgage
$613,679
Outstanding Balance
$606,761
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
$21,861

Purchase Details

Listed on
May 13, 2024
Closed on
Jul 29, 2024
Sold by
Calderon Serafin
Bought by
Hernandez Decalderon Ofelia
Seller's Agent
Rodolfo Salinas
Aguilar Realty
Buyer's Agent
Fernando Hernandez
Coldwell Banker Realty
List Price
$600,000
Sold Price
$625,000
Premium/Discount to List
$25,000
4.17%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,679
Outstanding Balance
$606,761
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
$21,861

Purchase Details

Listed on
May 13, 2024
Closed on
Jul 4, 2024
Sold by
Blanco Luis Alfonso
Bought by
Blanco Florencia
Seller's Agent
Rodolfo Salinas
Aguilar Realty
Buyer's Agent
Fernando Hernandez
Coldwell Banker Realty
List Price
$600,000
Sold Price
$625,000
Premium/Discount to List
$25,000
4.17%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,679
Outstanding Balance
$606,761
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
$21,861

Purchase Details

Closed on
Sep 2, 2021
Sold by
Blukey
Bought by
Decalderon Ofelia Hernandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2021
Closed on
May 18, 2021
Sold by
Castruita Joaquin B
Bought by
Blukey
Seller's Agent
Sergio Salazar
Vylla Home, Inc.
Buyer's Agent
Tom Bui
HPT Realty
List Price
$450,000
Sold Price
$282,000
Premium/Discount to List
-$168,000
-37.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.88%

Purchase Details

Closed on
Dec 1, 1999
Sold by
Castruita Consuelo B
Bought by
Castruita Consuelo B and Castruita Joaquin B

Purchase Details

Closed on
Feb 25, 1992
Sold by
Castruita Consuelo B
Bought by
Castruita Consuelo B
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
Blanco Luis Alfonso $625,000 Ticor Title
Hernandez Decalderon Ofelia -- Ticor Title
Blanco Florencia -- Ticor Title
Decalderon Ofelia Hernandez $475,000 Clearmark Title Co
Blukey $282,000 First American Title Company
Castruita Joaquin B -- First American Title Company
Castruita Consuelo B -- --
Castruita Consuelo B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blanco Luis Alfonso $613,679
Previous Owner Decalderon Ofelia Hernandez $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2024 08/30/24 Sold $625,000 +4.2% $651 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $600,000 +26.3% $625 / Sq Ft
11/08/2021 11/08/21 Sold $475,000 +3.5% $365 / Sq Ft View Prior Sale
08/23/2021 08/23/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $459,000 +62.8% $353 / Sq Ft
05/26/2021 05/26/21 Sold $282,000 -19.4% $217 / Sq Ft View Prior Sale
04/08/2021 04/08/21 Price Changed $350,000 -12.5% $269 / Sq Ft
03/30/2021 03/30/21 Price Changed $399,999 -11.1% $308 / Sq Ft
03/29/2021 03/29/21 For Sale $450,000 +59.6% $346 / Sq Ft
03/06/2021 03/06/21 Off Market $282,000 -- --
03/02/2021 03/02/21 For Sale $450,000 +59.6% $346 / Sq Ft
03/02/2021 03/02/21 Off Market $282,000 -- --
02/20/2021 02/20/21 For Sale $450,000 +59.6% $346 / Sq Ft
02/18/2021 02/18/21 Off Market $282,000 -- --
01/22/2021 01/22/21 For Sale $450,000 -- $346 / 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 $5,494 $625,000 $190,000 $435,000
2023 $5,494 $484,500 $102,000 $382,500
2022 $5,378 $475,000 $100,000 $375,000
2021 $463 $36,089 $13,523 $22,566
2020 $6,290 $35,720 $13,385 $22,335
2019 $6,176 $35,021 $13,123 $21,898
2018 $331 $34,335 $12,867 $21,468
2017 $488 $33,663 $12,615 $21,048
2016 $402 $33,004 $12,368 $20,636
2015 $395 $32,510 $12,183 $20,327
2014 $372 $31,876 $11,946 $19,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24095962

California Regional Multiple Listing Service (CRMLS)

APN: 181-101-008