NOT LISTED FOR SALE

Estimated Value: $709,000 - $985,000

4 Beds
4 Baths
2,800 Sq Ft
$302/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $767,000 $274 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,328/month

2 Days on Market

Highlights

  • Laundry Room
  • Paved or Partially Paved Lot
  • Front Yard
  • Polytechnic High School Rated A-
  • No Heating
  • 1-Story Property

About This Home

As of September 2021

Fantastic Units located centrally to downtown Riverside. Property Consists of 4 units. All units have been updated throughout and are in great condition.
Front Building is 2 units , side by side 1 bedroom and 1 bath each. These units are not small, very large and spacious layouts with large kitchens, living rooms and bathrooms.
Rear Building has 2 smaller units , also 1 bedroom and bath each, with great space inside and out.
Property has coin operated washed and dryer, 1 car covered garage for each unit with 1 additional parking outside of the garage.

Last Agent to Sell the Property

Ivan Perez

REALTY WORLD CALIFORNIA PROPERTIES License #01438047 Listed on: 06/15/2021

REALTY WORLD CALIFORNIA PROPERTIES

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,821

Year Built

  • Built in 1950

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Suburban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 30200
  • Assessor Parcel Number 215212011

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,702
  • Operating Expense $2,902
  • Gross Income $51,000
  • Net Operating Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,821

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: R1065
  • Property Type: Residential Income
  • Parcel Number: 215212011
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 273.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Paved
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 51000.00
  • Gross Scheduled Income: 4250.00
  • Insurance Expense: 1702.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 49800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 2902.00

Tax Info

  • Tax Census Tract: 302.00
  • Tax Lot: 6
  • Tax Tract Number: 030200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Sep 27, 2021
Sold by
Singh Abhaijeet and Singh Smriti
Bought by
Singh Equity Partners Llc
Seller's Agent
Ivan Perez
REALTY WORLD CALIFORNIA PROPERTIES
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$799,999
Sold Price
$767,000
Premium/Discount to List
-$32,999
-4.12%
Current Estimated Value
$844,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,513
Avg. Annual Appreciation
2.45%

Purchase Details

Closed on
Jun 18, 2021
Sold by
Gonzales David and The David Gonzales Trust
Bought by
Singh Abhaijeet and Singh Smriti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,200
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2016
Closed on
Jul 15, 2016
Sold by
Garcia Samantha
Bought by
Gonzales David and David Gonzales Trust
Seller's Agent
Adam Castaneda
Adam Castaneda, Broker
Buyer's Agent
Ivan Perez
REALTY WORLD CALIFORNIA PROPERTIES
List Price
$439,900
Sold Price
$435,000
Premium/Discount to List
-$4,900
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$326,250
Interest Rate
3.41%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 3, 2011
Closed on
Dec 7, 2012
Sold by
Mcbridge Rentals Llc
Bought by
Garcia Samantha
Seller's Agent
Aron Yanagi
Aron Yanagi Realty
Buyer's Agent
Adam Castaneda
Adam Castaneda, Broker
List Price
$399,900
Sold Price
$325,000
Premium/Discount to List
-$74,900
-18.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$319,113
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 3, 2008
Sold by
Vasquez Nellie O
Bought by
Mcbride Rentals Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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 -- Accommodation
Singh Abhaijeet $767,000 Monarch Title Company
Gonzales David $435,000 Title 365
Garcia Samantha $325,000 Lawyers Title
Mcbride Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Abhaijeet $460,200
Previous Owner Gonzales David $326,250
Previous Owner Garcia Samantha $319,113
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $767,000 -4.1% $274 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $799,999 +83.9% $286 / Sq Ft
08/22/2016 08/22/16 Sold $435,000 -1.1% $160 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/03/2016 06/03/16 For Sale $439,900 +35.4% $162 / Sq Ft
01/25/2013 01/25/13 Sold $325,000 -18.7% $120 / Sq Ft
11/30/2012 11/30/12 Pending -- -- --
08/03/2011 08/03/11 For Sale $399,900 -- $147 / 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 $8,821 $813,945 $203,751 $610,194
2023 $8,821 $782,340 $195,840 $586,500
2022 $8,620 $767,000 $192,000 $575,000
2021 $4,113 $359,185 $107,219 $251,966
2020 $4,082 $355,503 $106,120 $249,383
2019 $4,006 $348,534 $104,040 $244,494
2018 $3,929 $341,700 $102,000 $239,700
2017 $3,860 $335,000 $100,000 $235,000
2016 $3,717 $338,071 $72,814 $265,257
2015 $3,664 $332,995 $71,721 $261,274
2014 $3,630 $326,474 $70,317 $256,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB21129620

California Regional Multiple Listing Service (CRMLS)

APN: 215-212-011