NOT LISTED FOR SALE

Estimated Value: $894,997 - $1,053,000

4 Beds
4 Baths
2,400 Sq Ft
$413/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $760,000 $317 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,998/month

163 Days on Market

Highlights

  • Property is near a park
  • Lawn
  • Laundry Room
  • Polytechnic High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to White Park

About This Home

As of June 2021

A recently upgraded vintage style quadruplex building, ideal investment opportunity available in Downtown Riverside. Featuring two one bedroom units and two studio units all with their own separate kitchens and bathrooms. Complete with a laundry room and a private shady backyard, as well as patios for 3 of units. In 2019 a major remodel for all 4 units and hallway stairs area was done, a total rehab. Major Electrical upgrade - Total rewiring to meet safety standards. New Double pane energy efficient windows installed. New Smart Washer & Dryer in Laundry room remodel with new floor and Racks. New eco friendly Dry walls all 4 units. New Insulation. New Flooring all units + Hallway Stairs area. New Plumbing work for Unit 2 & 4. New Paint (all interior). New Remote control AC with Heater - all units. New Bathtubs. New Toilets. New Sinks. New Doors for all Units and Hallway Entrance. New Closets. New Kitchen. New Cabinets. New Microwaves. New Flooring. New Stove. New Security Light system. New landscaping sprinkler system installed.

Located in the downtown business district near city hall, Riverside court, Center for Social Justice & Civil Liberties, Riverside Community Hospital, University of California Riverside, Riverside Community College, Riverside City College, Riverside Municipal Auditorium, Evergreen Memorial Park & Museum, Evans Park, Marriott, Mission Inn Hotel & Spa, Riverside Convention Center, Riverside Park & recreation. All buyers must verify all information.

Last Agent to Sell the Property

Ahmad Bdeiwi

Matteh Realty Group Inc License #01760479 Listed on: 07/08/2020

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,816

Year Built

  • Built in 1925

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Back Yard

Parking

  • 5 Car Garage

Interior Spaces

  • 2,400 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer, telephone
  • Legal Lot and Block 13 / 10
  • Assessor Parcel Number 215082021

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gross Income $62,400

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,816

Year Built

Built in 1925

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 215082021
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 316.67

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Telephone

Multi Family

  • Gross Income: 62400.00
  • Gross Scheduled Income: 62400.00
  • Lot Size Area: 7841.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Drapes: 1
  • Number With Patio: 3
  • Number With Range: 4
  • Number With Refrigerator: 1
  • Rent Control: No

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 303.00
  • Tax Lot: 13
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2021
Sold by
Singh Abhaijeet and Singh Smriti
Bought by
Singh Equity Partners Llc
Total Days on Market
163
Current Estimated Value
$991,749

Purchase Details

Listed on
Jul 8, 2020
Closed on
Apr 16, 2021
Sold by
Seshyea Inc
Bought by
Singh Abhaijeet and Singh Smriti
Seller's Agent
Ahmad Bdeiwi
Matteh Realty Group Inc
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$849,888
Sold Price
$760,000
Premium/Discount to List
-$89,888
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$502,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2019
Sold by
Rahman Faisal A and Hameed Ambereen
Bought by
Seshyea Inc

Purchase Details

Listed on
Sep 28, 2017
Closed on
Jun 7, 2018
Sold by
Galan Rodolfo and Galan Marisa
Bought by
Rahman Faisal A and Hameed Ambereen
Seller's Agent
Renee Walter
Re/Max Olympic
Buyer's Agent
Michael Regala
eXp Realty of California Inc.
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$564,585
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 7, 2016
Closed on
Jul 14, 2016
Sold by
Davio Mark J and Davio Wendelyn J
Bought by
Galan Rodolfo and Galan Marisa
Seller's Agent
Richard Dowling
Community Brokers
Buyer's Agent
Artt Ledesma
Re/Max Olympic
List Price
$575,000
Sold Price
$490,000
Premium/Discount to List
-$85,000
-14.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.83%
Original Mortgage
$367,500
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2006
Sold by
Gardner William D and Gardner Mina
Bought by
Davio Mark J and Davio Wendelyn J
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
Singh Equity Partners Llc -- None Available
Singh Abhaijeet $760,000 Fidelity National Title Co
Seshyea Inc -- None Available
Rahman Faisal A $575,000 Ticor Title
Galan Rodolfo $490,000 Old Republic Title
Davio Mark J $450,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Abhaijeet $502,500
Previous Owner Rahman Faisal A $564,585
Previous Owner Galan Rodolfo $367,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $760,000 -4.9% $317 / Sq Ft
03/12/2021 03/12/21 Price Changed $799,538 -5.9% $333 / Sq Ft
03/04/2021 03/04/21 For Sale $849,888 0.0% $354 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $849,888 +47.8% $354 / Sq Ft
07/17/2018 07/17/18 Sold $575,000 -10.2% $192 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
03/26/2018 03/26/18 Price Changed $640,000 -1.5% $213 / Sq Ft
09/28/2017 09/28/17 For Sale $650,000 +32.7% $217 / Sq Ft
08/26/2016 08/26/16 Sold $490,000 -14.8% $163 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $575,000 -- $192 / 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
2023 $8,816 $775,200 $153,000 $622,200
2022 $8,617 $760,000 $150,000 $610,000
2021 $6,790 $592,576 $154,585 $437,991
2020 $6,739 $586,500 $153,000 $433,500
2019 $6,613 $575,000 $150,000 $425,000
2018 $5,771 $499,800 $119,340 $380,460
2017 $5,667 $490,000 $117,000 $373,000
2016 $5,616 $509,282 $177,453 $331,829
2015 $5,537 $501,635 $174,789 $326,846
2014 $5,485 $491,811 $171,366 $320,445
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20132329

California Regional Multiple Listing Service (CRMLS)

APN: 215-082-021