NOT LISTED FOR SALE
6 Beds
3 Baths
13,000 Sq Ft
0.36 Acres

Last Sold January 24, 2013

Last sale price $1,050,000 $81 Per Sq Ft

56 Days on Market

Highlights

  • 0.36 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Laundry Room

About This Home

As of January 2013

Great investment opportunity to own a 15 unit building in an amazing part of Riverside...priced under market and for quick sale this property is located on a beautiful tree lined street close to shopping freeways and schools. Long term tenants make up the great unit mix of 7 - 1 bedroom,, 7 - 2 bedroom and 1 - 3 bedroom 1 bath units. Carport parking in the rear of the property make this area very secure. This property is a great investment property and is priced to sell quickly.

Last Agent to Sell the Property

Carl Capitano

COMPASS License #01078792 Listed on: 11/15/2012

COMPASS

Last Buyer's Agent

Carl Capitano

COMPASS License #01078792 Listed on: 11/15/2012

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.36 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 13,000 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 14 Parking Spaces
  • 14 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, HVAC maintenance
  • Tax Lot 6
  • Assessor Parcel Number 227140003

Community Details

Overview

  • No Home Owners Association
  • 15 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Water Meters
  • Electric Expense $1,000
  • Insurance Expense $1,000
  • Gross Income $12,000
  • Net Operating Income $85,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 227140003
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 80.77

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15526.00
  • Lot Size Acres: 0.3560

Rental Info

  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 12000.00
  • Gross Scheduled Income: 121000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 15526.0000 Square Feet
  • Net Operating Income: 85000.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Water Meters: 15
  • Number Of Units Total: 15
  • Operating Expense: 36000.00
  • Rent Control: No

Tax Info

  • Tax Lot: 6
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2013 01/24/13 Sold $1,050,000 -11.7% $81 / Sq Ft
01/10/2013 01/10/13 Pending -- -- --
11/15/2012 11/15/12 For Sale $1,189,000 -- $91 / 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 $14,366 $1,292,984 $246,277 $1,046,707
2023 $14,366 $1,242,778 $236,715 $1,006,063
2022 $14,047 $1,218,411 $232,074 $986,337
2021 $13,832 $1,194,522 $227,524 $966,998
2020 $13,730 $1,182,275 $225,192 $957,083
2019 $13,476 $1,159,094 $220,777 $938,317
2018 $13,219 $1,136,368 $216,449 $919,919
2017 $12,989 $1,114,087 $212,205 $901,882
2016 $12,171 $1,092,244 $208,045 $884,199
2015 $12,002 $1,075,839 $204,921 $870,918
2014 $11,892 $1,054,767 $200,908 $853,859
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV12141125

California Regional Multiple Listing Service (CRMLS)

APN: 227-140-003