J
Seller's Agent in 2013
Joe Hwang
Jeau Hwang, Broker
3993 Iowa Ave Riverside, CA 92507
University Neighborhood
3
Beds
1
Bath
--
Sq Ft
3.21
Acres
About This Home
As of January 2013Our 128 units apartments project are located approximately 50 miles east of downtown Los Angeles. In front of UCR and also within easy driving distance of dozens of major cultural and recreational sites, as well as desert, mountain and coastal destinations. Great opportunity for investor. This unique and beautiful two story apartments in front of US Riverside, offers 100 one bedroom and 28 two bedroom. Very high demand rental area. Very good street visibility and appearance. The property is well maintained and upside potential. Currently almost full all the time. Don't miss! MUST SEE!
Last Agent to Sell the Property
Joe Hwang
Jeau Hwang, Broker License #00570077 Listed on: 08/03/2012
Last Buyer's Agent
FRANK HEYMING
H & J License #00844665
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 3.21 Acre Lot
Parking
- 128 Car Garage
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Bathroom
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 11318
- Assessor Parcel Number 253030011
Community Details
Overview
- No Home Owners Association
- 7 Buildings
- 128 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- New Taxes Expense $113,000
- Gross Income $105,000
- Net Operating Income $1,000,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/10/2013 01/10/13 | Sold | $11,456,000 | 0.0% | -- |
| 08/11/2012 08/11/12 | Pending | -- | -- | -- |
| 08/03/2012 08/03/12 | For Sale | $11,456,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $211,424 | $19,313,786 | $3,827,760 | $15,486,026 |
| 2023 | $211,424 | $18,563,810 | $3,679,124 | $14,884,686 |
| 2022 | $206,672 | $18,199,815 | $3,606,985 | $14,592,830 |
| 2021 | $203,222 | $17,842,957 | $3,536,260 | $14,306,697 |
| 2020 | $201,646 | $17,660,000 | $3,500,000 | $14,160,000 |
| 2019 | $176,352 | $15,390,000 | $2,500,000 | $12,890,000 |
| 2018 | $150,058 | $13,042,109 | $2,421,849 | $10,620,260 |
| 2017 | $147,427 | $12,786,382 | $2,374,362 | $10,412,020 |
| 2016 | $138,053 | $12,535,669 | $2,327,806 | $10,207,863 |
| 2015 | $136,124 | $12,347,374 | $2,292,841 | $10,054,533 |
| 2014 | $121,850 | $10,900,000 | $2,000,000 | $8,900,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
F
Buyer's Agent in 2013
FRANK HEYMING
H & J
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: A12098812
APN: 253-030-011
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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