$425,900
SOLD APR 23, 2015
4 Beds
2 Baths
2,700 Sq Ft
7,946 Sq Ft Lot

Recently Sold

$158 Per Sq Ft

7% Above List Price

11 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Polytechnic High School Rated A-

About This Home

As of April 2015

Conveniently located just off Market near the 60 Freeway in Downtown Riverside you'll find this tremendous income producing/positive cash flow and fully leased 4 unit property. The 4 units consists of a 3 bedroom 1.75 bath home and a 3 unit building each with 1 bedroom 1 bath. The 3 units are directly behind the residence and they face Cedar. Each of the 3 units has a one car garage. This is a fabulous opportunity for any investor looking for a great return on investment or a buyer that wants to occupy the house and lease the 3 units which would likely pay the mortgage. Drive by only, please do not disturb tenants. This is absolutely priced to sell, will not last!

Last Agent to Sell the Property

Rob Murray

Vista Sotheby's International Realty License #00898968 Listed on: 03/28/2015

Last Buyer's Agent

Leo Esparza

WE SELL HOMES REALTY License #01721278

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,576

Year Built

  • Built in 1908

Lot Details

  • 7,946 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 3 Car Garage

Home Design

  • 2,700 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 214301017

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $119
  • Trash Expense $1,012
  • New Taxes Expense $4,320
  • Gross Income $3,361
  • Net Operating Income $34,871

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,576

Year Built

Built in 1908

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 214301017
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 157.74

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Trash Expense: 1012.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7946.00
  • Lot Size Acres: 0.1820

Multi Family

  • Gross Income: 3361.00
  • Gross Scheduled Income: 40336.00
  • Insurance Expense: 119.00
  • Lot Size Area: 7946.0000 Square Feet
  • Net Operating Income: 34871.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 5464.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4320.00
  • Tax Lot: 7
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2015
Closed on
Apr 10, 2015
Sold by
Balayan Vardan
Bought by
Landa Jaime and Landa Maria Teresa
Seller's Agent
Rob Murray
Vista Sotheby's International Realty
Buyer's Agent
Leo Esparza
WE SELL HOMES REALTY
List Price
$399,900
Sold Price
$425,900
Premium/Discount to List
$26,000
6.5%
Current Estimated Value
$899,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,126
Avg. Annual Appreciation
7.19%

Purchase Details

Closed on
Sep 28, 2009
Sold by
Blackford Isabel S
Bought by
Balayan Vardan

Purchase Details

Closed on
Jun 15, 2006
Sold by
Blackford Kevin M
Bought by
Blackford Isabel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 23, 2006
Sold by
Gonzalez Isaac David
Bought by
Blackford Isabel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2004
Sold by
Gonzalez Isaac David and Efingenio Carlos R
Bought by
Gonzalez Isaac David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 5, 2003
Sold by
Hvg Holding Group Inc
Bought by
Gonzalez Isaac David and Efigenio Carlos R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2002
Sold by
Efigenio Yolanda
Bought by
Efigenio Carlos R

Purchase Details

Closed on
Dec 3, 2002
Sold by
Degonzalez Susana Melgoza
Bought by
Gonzalez Isaac David

Purchase Details

Closed on
Oct 15, 1997
Sold by
Guzman Humberto Martinez
Bought by
Hvg Holding Group Inc

Purchase Details

Closed on
Dec 16, 1996
Sold by
Guzman Vanesa and Guzman Humberto
Bought by
Guzman Vanesa

Purchase Details

Closed on
Dec 2, 1996
Sold by
Guzman Vanesa
Bought by
Martinez Humberto Guzman

Purchase Details

Closed on
Dec 7, 1995
Sold by
Guzman Vanesa
Bought by
Guzman Vanesa and Guzman Humberto

Purchase Details

Closed on
Aug 21, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Guzman Vanesa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,700
Interest Rate
7.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 1994
Sold by
Gilliam Joe and Flenaugh Kendall
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $426,000 Fidelity National Title
Grant Deed $250,000 First American Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $635,000 First American Title Company
Interfamily Deed Transfer $75,000 --
Grant Deed $280,000 First American Title Co
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- First American Title Co
Gift Deed -- --
Gift Deed -- --
Grant Deed -- --
Gift Deed -- --
Corporate Deed $100,000 First American Title Ins Co
Trustee Deed $70,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $321,500 Commercial
Previous Owner $71,500 Credit Line Revolving
Previous Owner $500,000 Purchase Money Mortgage
Previous Owner $350,000 Commercial
Previous Owner $75,000 Credit Line Revolving
Previous Owner $252,000 Commercial
Previous Owner $105,700 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Rented $2,600 0.0% --
03/08/2022 03/08/22 Under Contract -- -- --
02/25/2022 02/25/22 Off Market $2,600 -- --
02/07/2022 02/07/22 For Rent $2,600 +73.3% --
11/24/2021 11/24/21 Rented $1,500 0.0% --
10/29/2021 10/29/21 Price Changed $1,500 -6.3% $3 / Sq Ft
09/27/2021 09/27/21 For Rent $1,600 -11.1% --
06/06/2017 06/06/17 Rented $1,800 0.0% --
04/17/2017 04/17/17 For Rent $1,800 0.0% --
04/23/2015 04/23/15 Sold $425,900 +6.5% $158 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
03/28/2015 03/28/15 For Sale $399,900 -- $148 / 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 $5,576 $920,484 $103,232 $817,252
2023 $5,576 $491,983 $99,224 $392,759
2022 $5,449 $482,337 $97,279 $385,058
2021 $5,376 $472,880 $95,372 $377,508
2020 $5,335 $468,033 $94,395 $373,638
2019 $5,235 $458,857 $92,545 $366,312
2018 $5,133 $449,861 $90,732 $359,129
2017 $5,042 $441,041 $88,953 $352,088
2016 $4,719 $432,394 $87,209 $345,185
2015 $2,968 $268,501 $83,771 $184,730
2014 -- $263,243 $82,131 $181,112
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV15064997

California Regional Multiple Listing Service (CRMLS)

APN: 214-301-017