NOT LISTED FOR SALE

Estimated Value: $527,000 - $980,000

3 Beds
3 Baths
2,049 Sq Ft
$371/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $502,500 $245 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,470/month

53 Days on Market

Highlights

  • Craftsman Architecture
  • Neighborhood Views
  • Rectangular Lot
  • Wood Flooring
  • Laundry Room
  • Chain Link Fence

About This Home

As of March 2019

Triplex in Riverside. The great tenants have been long term renters. Please do not disturb. These units are in good condition, 3 addresses, 2 units are attached and the largest one is above the 4 stall garage. Each unit has laundry area, kitchen with eating area, bedroom, bath and living room. Seller provides stove, no D/W. Rents include garage with 1 left for owner to use or to rent. Make offer subject to interior inspection. Motivated seller, all written offers with be reviewed.

Last Agent to Sell the Property

Kim Robinson

SHINING STAR REAL ESTATE License #00882129 Listed on: 11/26/2018

Co-Listed By

Juan Chavez

SHINING STAR REAL ESTATE License #01389588

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Rectangular Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Craftsman Architecture
  • Property Attached
  • Common Roof

Interior Spaces

  • 2,049 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Fire and Smoke Detector
  • Gas Cooktop
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 6
  • Tax Tract Number 2
  • Assessor Parcel Number 214062002

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $120
  • Insurance Expense $71
  • Trash Expense $77
  • Water Sewer Expense $36
  • Operating Expense $304
  • Net Operating Income $27,834

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 36.00
  • Zoning: R1065
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Gardener Expense: 120.00
  • Parcel Number: 214062002
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 245.24

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 77.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Rectangular Lot, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 703 Square Feet
  • Average2 Bed Area: 643 Square Feet
  • Average3 Bed Area: 643 Square Feet
  • Gross Scheduled Income: 34200.00
  • Insurance Expense: 71.25
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 27834.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 6366.00
  • Rent Control: No
  • Total Actual Rent: 2.00
  • Total Expenses: 304.00

Tax Info

  • Tax Census Tract: 303.00
  • Tax Lot: 6
  • Tax Tract Number: 002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2021
Sold by
Porter Colleen Baker
Bought by
Baker Colleen A and Nick Mallas Revocable Living T
Current Estimated Value
$760,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,400
Outstanding Balance
$307,663
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$452,667

Purchase Details

Closed on
Dec 21, 2021
Sold by
Baker Colleen A and Nick Mallas Revocable Living T
Bought by
Porter Colleen Baker

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,400
Outstanding Balance
$307,663
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$452,667

Purchase Details

Listed on
Nov 26, 2018
Closed on
Feb 1, 2019
Sold by
Patel Arvind N and Patel Sudha A
Bought by
Rlt Mallas Nick and Nick Mallas Rlt
Seller's Agent
Kim Robinson
SHINING STAR REAL ESTATE
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$525,000
Sold Price
$502,500
Premium/Discount to List
-$22,500
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Original Mortgage
$319,300
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 1, 2010
Sold by
U S Bank National Association
Bought by
Patel Arvind N and Patel Sudha A

Purchase Details

Closed on
Dec 8, 2009
Sold by
Patel Suvidha Puri and Patel Shailesh K
Bought by
U S Bank National Association

Purchase Details

Closed on
Feb 23, 2005
Sold by
Pelayo Roy and Pelayo Rosemary
Bought by
Puri Patel Suvidha and Patel Shailesh K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,900
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2003
Sold by
Whisner John M and Martinez Santiago H
Bought by
Pelayo Roy and Pelayo Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,750
Interest Rate
5.81%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Baker Colleen A -- Ticor Title Company
Porter Colleen Baker -- Ticor Title Company
Rlt Mallas Nick $491,500 First American Title
Patel Arvind N $212,500 Lsi Title Agency
U S Bank National Association $179,999 Accommodation
Puri Patel Suvidha $430,000 North American Title Company
Pelayo Roy $241,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Colleen A $334,400
Previous Owner Rlt Mallas Nick $319,300
Previous Owner Puri Patel Suvidha $300,900
Previous Owner Pelayo Roy $180,750
Closed Puri Patel Suvidha $107,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2019 03/05/19 Sold $502,500 -4.3% $245 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
11/26/2018 11/26/18 For Sale $525,000 -- $256 / 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 $5,829 $537,247 $87,488 $449,759
2023 $5,829 $516,388 $84,092 $432,296
2022 $5,697 $506,264 $82,444 $423,820
2021 $5,730 $506,265 $82,445 $423,820
2020 $5,686 $501,075 $81,600 $419,475
2019 $2,808 $243,528 $60,863 $182,665
2018 $2,754 $238,754 $59,672 $179,082
2017 $2,705 $234,073 $58,502 $175,571
2016 $2,534 $229,484 $57,355 $172,129
2015 $2,497 $226,040 $56,495 $169,545
2014 $2,474 $221,615 $55,390 $166,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18279492

California Regional Multiple Listing Service (CRMLS)

APN: 214-062-002