Mike Chou
K.W. EXECUTIVE
(626) 653-4295
172 Total Sales
2 in Eastside
$486,800 Price Range
3985 Kansas Ave Riverside, CA 92507
Eastside NeighborhoodEstimated Value: $671,000 - $941,000
7
Beds
5
Baths
2,966
Sq Ft
$279/Sq Ft
Est. Value
Highlights
- Corner Lot
- Park
- Family Room
- No HOA
- Bike Trail
- Turnkey
About This Home
As of June 2021Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus 4th bedroom) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100.00 P/M; the 2nd unit with 2be/1ba can rent for $1,450.00 & the 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity. BUYER TO ASSUME TENANTS. Seller recently signed a one year lease until April 2022 which is when rents can be increase again.
Last Agent to Sell the Property
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #01329276 Listed on: 03/26/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Home Design
- Triplex
- Turnkey
Interior Spaces
- 2,966 Sq Ft Home
- 1-Story Property
- Family Room
- Laundry in unit
Kitchen
- Gas Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Water Heater
- Sewer Paid
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 92
- Tax Tract Number 9
- Assessor Parcel Number 221024028
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 13, 2022
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Mar 26, 2021
Closed on
May 14, 2021
Sold by
Bought by
Seller's Agent
Michael Nugent
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Buyer's Agent
Elvira Hernandez
VIP RE Firm
List Price
$828,880
Sold Price
$720,000
Premium/Discount to List
-$108,880
-13.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.69%
Original Mortgage
$504,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 8, 2019
Sold by
Bought by
Purchase Details
Closed on
Oct 25, 2018
Sold by
Bought by
Purchase Details
Closed on
Oct 10, 2018
Sold by
Bought by
Purchase Details
Closed on
Feb 7, 2018
Sold by
Bought by
Purchase Details
Closed on
Aug 25, 2017
Sold by
Bought by
Purchase Details
Closed on
Sep 23, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,900
Interest Rate
3.43%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 23, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
May 14, 2007
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Eastside, CA
-
Mike Chou
-
Susanne Hove
Susanne Hove
Keller Williams Realty Riv
(951) 470-2435
144 Total Sales
2 in Eastside
$559K - $620K Price Range
-
Justin Quemada
Justin Quemada
RE/MAX TOP PRODUCERS
(626) 653-4279
51 Total Sales
2 in Eastside
$600,000 Price Range
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
180 Total Sales
2 in Eastside
$475,000 Price Range
-
Sal Salinas
Sal Salinas
RE/MAX Galaxy
(323) 827-7679
51 Total Sales
2 in Eastside
$618,000 Price Range
-
Jennifer Collins
Jennifer Collins
Compass
(925) 396-8588
89 Total Sales
1 in Eastside
$680,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | ||
| $720,000 | Lawyers Title | ||
| -- | None Available | ||
| -- | Lawyers Title Company | ||
| -- | Lawyers Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Ticor Title | ||
| -- | Accommodation | ||
| $220,000 | First American Title | ||
| -- | Commerce Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $504,000 | ||
| Previous Owner | $420,000 | ||
| Previous Owner | $295,000 | ||
| Previous Owner | $277,900 | ||
| Previous Owner | $176,000 | ||
| Previous Owner | $350,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/11/2021 06/11/21 | Sold | $720,000 | 0.0% | $243 / Sq Ft |
| 05/10/2021 05/10/21 | Pending | -- | -- | -- |
| 05/05/2021 05/05/21 | Price Changed | $719,890 | 0.0% | $243 / Sq Ft |
| 04/27/2021 04/27/21 | Price Changed | $719,990 | -8.7% | $243 / Sq Ft |
| 03/27/2021 03/27/21 | Price Changed | $788,880 | -4.8% | $266 / Sq Ft |
| 03/26/2021 03/26/21 | For Sale | $828,880 | -- | $279 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $8,713 | $794,936 | $198,733 | $596,203 |
| 2025 | $8,713 | $779,350 | $194,837 | $584,513 |
| 2023 | $8,426 | $749,088 | $187,272 | $561,816 |
| 2022 | $8,234 | $734,400 | $183,600 | $550,800 |
| 2021 | $2,875 | $250,272 | $68,253 | $182,019 |
| 2020 | $2,853 | $247,707 | $67,554 | $180,153 |
| 2019 | $4,558 | $400,000 | $75,000 | $325,000 |
| 2018 | $2,746 | $238,090 | $64,932 | $173,158 |
| 2017 | $2,698 | $233,422 | $63,659 | $169,763 |
| 2016 | $2,527 | $228,846 | $62,411 | $166,435 |
| 2015 | $2,491 | $225,411 | $61,475 | $163,936 |
| 2014 | $2,467 | $220,998 | $60,272 | $160,726 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Nugent
Seller's Agent in 2021
Michael Nugent
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
(951) 751-5504
2 in this area
71 Total Sales
-
Elvira Hernandez
E
Buyer's Agent in 2021
Elvira Hernandez
VIP RE Firm
(562) 366-0297
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV21064140
APN: 221-024-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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