NOT LISTED FOR SALE

Estimated Value: $780,000 - $956,000

4 Beds
3 Baths
2,376 Sq Ft
$363/Sq Ft Est. Value

Last Sold January 23, 2018

Last sale price $525,000 $221 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,098/month

13 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room
  • Polytechnic High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

About This Home

As of January 2018

Located in the heart of Downtown Riverside you'll find this exceptional fully leased triplex. The unit mix is one-2 bedroom-one bath and two-1 bedroom one-bath, all in one building. They each come with wall AC units and thermostat operated floor furnaces, front and back doors, washer & dryer connections (two with washer & dryers), refrigerators & stoves. The units are separately metered for electricity & gas and tenants pay their own sewer charges. There are three garages, two-one car and one-two car all with electric doors. The property is tastefully landscaped including a producing avocado tree that provides shade to the courtyard as well as a producing orange tree. Many recent improvements have been made including a drip irrigation system, complete paint of the exterior, rain gutters and more. This is a fabulous investment opportunity and is priced to sell!

Last Agent to Sell the Property

Rob Murray

Vista Sotheby's International Realty License #00898968 Listed on: 10/26/2017

Last Buyer's Agent

SOPHIE TONG

Partner Real Estate License #02024051

Partner Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,486

Year Built

  • Built in 1953

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Sprinkler System
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Triplex
  • Turnkey
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,376 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Gas Cooktop
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer
  • Assessor Parcel Number 214171004

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $873
  • Maintenance Expense $1,331
  • Trash Expense $401
  • Water Sewer Expense $540
  • New Taxes Expense $5,250
  • Operating Expense $12,513
  • Gross Income $37,320
  • Net Operating Income $24,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,486

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 540.00
  • Zoning: R1065
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 214171004
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 220.96
  • Room Type: All Bedrooms Down, Laundry
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 401.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Sprinkler System
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 966 Square Feet
  • Gross Income: 37320.00
  • Gross Scheduled Income: 37320.00
  • Insurance Expense: 873.00
  • Maintenance Expense: 1331.00
  • Net Operating Income: 24807.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 12513.00
  • Rent Control: No
  • Total Expenses: 12513.00

Tax Info

  • New Taxes Expense: 5250.00
  • Tax Census Tract: 302.00
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2017
Sold by
Walz Robert Jerry and Eke Chibuzo Ugochi
Bought by
Tong Alice M
Current Estimated Value
$862,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2016
Closed on
Feb 17, 2016
Sold by
Reese Daphne A
Bought by
Walz Robert Jerry and Eke Chibuzo Ugochi
Seller's Agent
Susan Wolf
BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS
Buyer's Agent
Rob Murray
Vista Sotheby's International Realty
List Price
$405,000
Sold Price
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$324,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2014
Sold by
Reese Daphne A and Reese Criswell Daphne A
Bought by
Reese Daphne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2014
Sold by
Criswell Russell C and Criswell Daphne A Reese
Bought by
Criswell Daphne A Reese and Reese Daphne Anne

Purchase Details

Closed on
Feb 21, 2010
Sold by
Criswell Russell C and Reese Criswell Daphne A
Bought by
Criswell Russell C and Reese Criswell Daphne A

Purchase Details

Closed on
Aug 24, 2009
Sold by
Smith Littleton K
Bought by
Criswell Russell C and Criswell Daphne Reese

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tong Alice M $526,000 First American Title Company
Walz Robert Jerry $405,000 Fidelity National Title Co
Reese Daphne A -- Lawyers Title
Criswell Daphne A Reese -- None Available
Criswell Russell C -- None Available
Criswell Russell C -- None Available
Criswell Russell C $205,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tong Alice M $325,000
Previous Owner Tong Alice M $394,500
Previous Owner Walz Robert Jerry $324,000
Previous Owner Reese Daphne A $224,000
Previous Owner Criswell Russell C $153,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2018 01/23/18 Sold $525,000 0.0% $221 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
10/26/2017 10/26/17 For Sale $525,000 +29.6% $221 / Sq Ft
03/25/2016 03/25/16 Sold $405,000 0.0% $170 / Sq Ft
02/06/2016 02/06/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $405,000 -- $170 / 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 $6,486 $598,493 $102,402 $496,091
2023 $6,486 $575,255 $98,427 $476,828
2022 $6,338 $563,977 $96,498 $467,479
2021 $6,250 $552,919 $94,606 $458,313
2020 $6,203 $547,250 $93,636 $453,614
2019 $6,086 $536,520 $91,800 $444,720
2018 $4,796 $421,362 $93,636 $327,726
2017 $4,716 $413,100 $91,800 $321,300
2016 $2,474 $223,524 $54,514 $169,010
2015 $2,439 $220,169 $53,697 $166,472
2014 $2,416 $215,859 $52,647 $163,212
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17243848

California Regional Multiple Listing Service (CRMLS)

APN: 214-171-004