$575,000
SOLD JUL 17, 2018
2 Beds
4 Baths
3,000 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$192 Per Sq Ft

12% Below List Price

252 Days on Market

Highlights

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Polytechnic High School Rated A-
  • Laundry Room
  • 3-minute walk to White Park

About This Home

As of June 2021

PRICE REDUCED!!! Charming Home featuring two one bedroom units and two studio units all with own kitchens and bathrooms , all with their own electric and own gas meters. a nice balcony shared by the upper 1 bedroom unit and a studio unit. All have enclosed patios with rear exits ., all have newer water heaters.
enclosed backyard and everyone has their own 1 car garage and one more garage for the house- total 5 garages. Units have window air conditioners. This home has a laundry room shared by all tenants. and is located in the downtown business district walking distance to city hall as well as all the downtown Riverside events . A true OLDIE BUT GOODIE!!! please note all tenants are on a month to month and are aware of a possible rent increase with a new owner ..

Last Agent to Sell the Property

Renee Walter

Re/Max Olympic License #01120430 Listed on: 09/28/2017

Last Buyer's Agent

Michael Regala

eXp Realty of California Inc. License #01814890

eXp Realty of California Inc.

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
  • Front and Back Yard Sprinklers
  • Back and Front Yard

Parking

  • 5 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,000 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Assessor Parcel Number 215082021

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $1,296
  • Water Sewer Expense $1,080
  • New Taxes Expense $6,125
  • Operating Expense $10,901
  • Gross Income $46,500
  • Net Operating Income $35,599

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
  • Water Sewer Expenses: 1080.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 215082021
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Price Per Square Foot: 191.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Gas Dryer Hookup, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1296.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 7841.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 46500.00
  • Gross Scheduled Income: 46500.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 35599.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 6
  • Number With Carpet: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10901.00
  • Rent Control: No
  • Total Actual Rent: 3875.00
  • Total Expenses: 10901.00

Tax Info

  • New Taxes Expense: 6125.00
  • Tax Census Tract: 303.00
  • Tax Lot: 13
  • Tax Tract Number: rivers

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
Current Estimated Value
$900,306

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
5.46%
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
7.35%
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $760,000 Fidelity National Title Co
Grant Deed -- None Available
Grant Deed $575,000 Ticor Title
Grant Deed $490,000 Old Republic Title
Grant Deed $450,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $502,500 New Conventional
Previous Owner $564,585 FHA
Previous Owner $367,500 Commercial
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
2025 $8,816 $1,453,853 $159,181 $1,294,672
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: PW17226834

California Regional Multiple Listing Service (CRMLS)

APN: 215-082-021