Ken Wallis
Epique Realty
(805) 624-3589
53 Total Sales
2 in University
$635,000 Price Range
3993 Iowa Ave Riverside, CA 92507
University Neighborhood
3
Beds
1
Bath
--
Sq Ft
3.21
Acre Lot
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
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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
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
Jun 28, 2019
Sold by
1512 W Mission Blvd Llc
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
$10,200,000
Outstanding Balance
$8,737,247
Interest Rate
3.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 13, 2018
Sold by
Inland Iowa Property Llc
Bought by
Inland Iowa Property Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,800,000
Interest Rate
4.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 9, 2016
Sold by
Young Patricia
Bought by
Yeh Eugene Chang
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
3.47%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Nov 8, 2016
Sold by
Yeh Cheng Tsung and Yeh Ya Yung
Bought by
Inland Iowa Property Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Interest Rate
3.47%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Mar 6, 2009
Sold by
Yeh Cheng Tsung and Yeh Ya Yung
Bought by
Nevin Vivian Yeh and Yeh Eugene Chang
Purchase Details
Closed on
Sep 12, 2008
Sold by
Nevin Michael John
Bought by
Nevin Vivian Yeh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,750,000
Interest Rate
6.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 17, 2006
Sold by
Tran Chang Thu Thao
Bought by
Chang Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 11, 2006
Sold by
Sunrise Village Apts Lp
Bought by
Yeh Cheng Tsung and Yeh Ya Yung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 9, 1998
Sold by
Sunrise Village
Bought by
Sunrise Village Apts Lp
Home Values in the Area
Average Home Value in this Area
Agents Specializing in University, CA
-
Ken Wallis
-
Ken Galasso
Ken Galasso
SIERRA REALTY FONTANA INC
(951) 749-9329
55 Total Sales
1 in University
$75,000 Price
-
CONNIE HONG
CH
CONNIE HONG
Exquisite Home Realty
(626) 313-3415
14 Total Sales
2 in University
$401K - $450K Price Range
-
Hasaranga Ratnayake
Hasaranga Ratnayake
BEST PROPERTY MANAGEMENT & REA
(951) 877-5217
57 Total Sales
9 in University
$90K - $680K Price Range
-
Miguel Pompa
Miguel Pompa
RE/MAX New Dimension
(657) 293-2857
48 Total Sales
2 in University
$635,000 Price Range
-
Craig Flint
Craig Flint
NET GAINS REAL ESTATE
(909) 417-6018
25 Total Sales
1 in University
$625,000 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 |
|---|---|---|---|
| $17,660,000 | Commonwealth Land Title Co | ||
| Inland Iowa Property Llc | -- | Wfg Title Company | |
| Chang Paul | -- | Wfg Title Company | |
| 1512 W Mission Blvd Llc | $15,390,000 | Wfg Title Company | |
| Yeh Eugene Chang | -- | Accommodation | |
| Inland Iowa Property Llc | -- | Accommodation | |
| Nevin Vivian Yeh | -- | None Available | |
| Chang Paul | -- | None Available | |
| Fan Jenny Chang | -- | None Available | |
| Nevin Vivian Yeh | -- | None Available | |
| Nevin Vivian Yeh | -- | Chicago Title Company | |
| Yeh Cheng Tsung | -- | None Available | |
| Chang Paul | -- | Alliance Title Company | |
| Chang Jenny | -- | Alliance Title Company | |
| Yeh Cheng Tsung | $11,250,000 | Alliance Title Resale | |
| Sunrise Village Apts Lp | -- | Old Republic 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 |
|---|---|---|---|
| Open | $10,200,000 | ||
| Previous Owner | 1512 W Mission Blvd Llc | $8,800,000 | |
| Previous Owner | Inland Iowa Property Llc | $300,000 | |
| Previous Owner | Inland Iowa Property Llc | $8,000,000 | |
| Previous Owner | Nevin Vivian Yeh | $8,750,000 | |
| Previous Owner | Yeh Cheng Tsung | $1,000,000 | |
| Previous Owner | Yeh Cheng Tsung | $7,975,000 |
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 |
|---|---|---|---|---|
| 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
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 | $218,537 | $19,700,061 | $3,904,315 | $15,795,746 |
| 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
-
JH
Seller's Agent in 2013
Joe Hwang
Jeau Hwang, Broker
-
FH
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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