NOT LISTED FOR SALE

427 Devener St Riverside, CA 92507

Highgrove Neighborhood

Estimated Value: $752,663 - $1,505,000

11 Beds
7 Baths
6,000 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: October 24, 2017

Last sale price $960,000 $160 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,272 / mo

9 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2017

8 Units. Two Side by Side Clean Fourplexes in Riverside. Get 8 units with the ability to use conventional 4plex financing. Can also be sold separate. 427 Devener has been completely remodeled with the last 3-5 years and 421 Devener has had many upgrades over the owners tenure. Great Unit Mix of 4 two bedroom and 1 bath and 4 one bedroom one bath units. Large parking lot with 12 assigned spots. Separately metered. Own laundery units for additional income. Easy to rent, manage, and maintain.

Last Agent to Sell the Property

Chad Williams

Hackett Williams, Broker License #01349225 Listed on: 08/09/2017

Last Buyer's Agent

David Covarrubias

MARCUS & MILLICHAP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 14,400 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre
  • 247081008

Home Design

  • Property Attached

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Gas and Electric Range

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Parking

  • Parking Available
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 247081007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $5,800
  • Net Operating Income $51,537

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.33 Acres

Listing Details

  • CapRate: 5.60
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 247081007
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 160.00

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 247081008
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14400.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5800.00
  • Gross Multiplier: 13.16
  • Gross Operating Income: 67812.00
  • Gross Scheduled Income: 69900.00
  • Gross Spendable Income: 14642.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 300.00
  • Net Operating Income: 51537.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 8
  • Number With Carpet: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 16275.00
  • Operating Expense Percent: 24.00
  • Other Income Description: Expenses Estimated
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

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

Listed on
Aug 9, 2017
Closed on
Oct 10, 2017
Sold by
Bought by
Seller's Agent
Chad Williams
Hackett Williams, Broker
Buyer's Agent
David Covarrubias
MARCUS & MILLICHAP
List Price
$920,000
Sold Price
$960,000
Premium/Discount to List
$40,000
4.35%
Current Estimated Value
$1,072,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,416
Avg. Annual Appreciation
1.29%
Original Mortgage
$299,000
Outstanding Balance
$249,481
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$822,935

Purchase Details

Closed on
May 24, 2006
Sold by
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
$348,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2006
Sold by
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
$348,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$460,000 Fidelity National Title Comp
-- Fidelity National Title
-- Fidelity National Title
$435,000 Fidelity National Title
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 $299,000
Previous Owner $348,000
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
10/24/2017 10/24/17 Sold $960,000 +4.3% $160 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $920,000 -- $153 / Sq Ft
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
2025 $5,761 $523,396 $153,604 $369,792
2023 $5,761 $503,075 $147,641 $355,434
2022 $5,609 $493,212 $144,747 $348,465
2021 $5,511 $483,542 $141,909 $341,633
2020 $5,469 $478,584 $140,454 $338,130
2019 $5,367 $469,200 $137,700 $331,500
2018 $5,262 $460,000 $135,000 $325,000
2017 $5,851 $512,195 $130,785 $381,410
2016 $5,476 $502,153 $128,221 $373,932
2015 $5,403 $494,612 $126,296 $368,316
2014 $5,353 $484,925 $123,823 $361,102
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Chad Williams

    Hackett Williams, Broker

    (714) 600-6978

    3 Total Sales

    Chad Williams
    Section Image
  • David Covarrubias

    Buyer's Agent in 2017

    David Covarrubias

    MARCUS & MILLICHAP

    (909) 456-3400

    56 Total Sales

    David Covarrubias
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17183991

California Regional Multiple Listing Service (CRMLS)

APN: 247-081-008

California Riverside County Riverside 92507 Highgrove

427 Devener St, Riverside, CA

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California Regional Multiple Listing Service (CRMLS) 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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