NOT LISTED FOR SALE

Estimated Value: $520,000 - $789,000

3 Beds
2 Baths
1,667 Sq Ft
$411/Sq Ft Est. Value

Last Sold February 23, 2018

Last sale price $436,000 $262 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,035/month

98 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Tile Flooring
  • Private Yard
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of February 2018

TWO SEPARATE homes located on ONE lot! Great investment opportunity! Live in one and rent the other or rent both units. Situated on a corner lot, these Charming bungalows are located in the historic district of Riverside near downtown. Front home is located at 4290 Pine Street and has a charming front porch, beautiful mature landscape complete with a tree swing. Interior boast a cozy living room fireplace and laminate wood flooring throughout with the exception of the bathroom and kitchen, which have tiled floors. Kitchen has knotty pine cabinets and there are vintage built ins throughout. Back home is located at 4365 13th Street and this home has 1 bedroom and 1 bathroom and Tile flooring though out. Each home has their own fenced backyard as well as their own gas, water and electric meters and there is a detached two car garage that has been divided so each tenant has their own parking spot. Pine Street has a composition roof and 13th has a tiled roof. Both units have been well maintained and both have central air and heat. Hurry on this deal before you're too late!

Last Agent to Sell the Property

Mike Parniani

Maureen Parniani, Broker License #01177828 Listed on: 11/01/2017

Maureen Parniani, Broker

Last Buyer's Agent

Nabil Suleiman

Atlas Elm Realty License #02004196

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Private Yard
  • Back Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,667 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 215172011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,920
  • Insurance Expense $1,168
  • Other Expense $357
  • Water Sewer Expense $1,196
  • Operating Expense $4,643
  • Gross Income $29,265
  • Net Operating Income $24,622

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1196.00
  • Zoning: R1065
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 215172011
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Price Per Square Foot: 261.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Corner Lot, Yard
  • Lot Size Sq Ft: 8712.00

Multi Family

  • Gross Income: 29265.00
  • Gross Scheduled Income: 29265.00
  • Insurance Expense: 1168.00
  • Net Operating Income: 24622.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 4643.00
  • Other Expense: 357.00
  • Other Expense Description: misc.
  • Rent Control: No
  • Total Expenses: 4643.00

Tax Info

  • Tax Census Tract: 302.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2017
Sold by
Falkoski Linda
Bought by
Durham Sean and Morgan Corey
Current Estimated Value
$684,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 2005
Sold by
Falkoski Robert S
Bought by
Falkoski Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,200
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 1, 2005
Sold by
Olivarria George A
Bought by
Falkoski Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,200
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 25, 1996
Sold by
Olivarria Gilberto G and Olivarria Bernina L
Bought by
Olivarria George A

Purchase Details

Closed on
Feb 4, 1994
Sold by
Bell Jacqueline
Bought by
Bell George Leonard
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Durham Sean $436,000 Stewart Title
Falkoski Linda -- --
Falkoski Linda $384,000 Commonwealth Land Title Co
Olivarria George A -- Commonwealth Land Title Co
Bell George Leonard -- Quality Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Durham Sean $392,755
Previous Owner Falkoski Linda $307,200
Closed Olivarria George A $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2018 02/23/18 Sold $436,000 -3.1% $262 / Sq Ft
02/07/2018 02/07/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $449,900 0.0% $270 / Sq Ft
02/04/2018 02/04/18 Pending -- -- --
11/01/2017 11/01/17 For Sale $449,900 -- $270 / 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 $5,387 $496,089 $102,402 $393,687
2023 $5,387 $476,827 $98,427 $378,400
2022 $5,265 $467,479 $96,498 $370,981
2021 $5,195 $458,313 $94,606 $363,707
2020 $5,156 $453,614 $93,636 $359,978
2019 $5,059 $444,720 $91,800 $352,920
2018 $5,242 $461,185 $120,096 $341,089
2017 $5,149 $452,143 $117,742 $334,401
2016 $4,817 $443,279 $115,434 $327,845
2015 $4,749 $436,622 $113,701 $322,921
2014 $3,105 $428,072 $111,475 $316,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17247715

California Regional Multiple Listing Service (CRMLS)

APN: 215-172-011