4357 5th St Riverside, CA 92501
Downtown Riverside Neighborhood
2
Beds
2
Baths
1,482
Sq Ft
6,534
Sq Ft Lot
Highlights
- Wood Flooring
- Granite Countertops
- Neighborhood Views
- Polytechnic High School Rated A-
- Private Yard
- Laundry Room
About This Home
As of August 2020Beautifully updated units in the heart of Downtown Riverside, highly desirable for tenants as it is walking distance to the Mission Inn, restaurants, shopping and the University of Riverside. These units have been tastefully updated while keeping the riverside charm. Units each have all new flooring, new vanities, new counter tops and beautiful backsplash. The backyard is very spacious. The property is zoned for an additional 2 units and a 2-car garage is able to become a 5th unit (ADU). This is a great opportunity to own units and earn rental income in a great community that continues to grow and improve.
Last Agent to Sell the Property
RE/MAX TIME REALTY License #01820631 Listed on: 07/08/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,501
Year Built
- Built in 1923
Lot Details
- 6,534 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Front and Back Yard Sprinklers
- Private Yard
- Lawn
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Property Attached
Interior Spaces
- 1,482 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Neighborhood Views
- Carbon Monoxide Detectors
- Laundry Room
Kitchen
- Range Hood
- Granite Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Utilities
- Floor Furnace
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 13 / 4
- Tax Tract Number 302
- Assessor Parcel Number 214101003
Community Details
Overview
- 2 Units
Recreation
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $300
- Trash Expense $300
- Water Sewer Expense $450
- Operating Expense $1,050
- Gross Income $37,200
- Net Operating Income $36,150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2020
Closed on
Jul 21, 2020
Sold by
Bidm Investments Llc
Bought by
Rincon Rafael Ruben and Rincon Liliana
Seller's Agent
Kevin Watson
RE/MAX TIME REALTY
Buyer's Agent
Jorge Jara
SoCal 5 Real Estate
List Price
$479,000
Sold Price
$492,000
Premium/Discount to List
$13,000
2.71%
Total Days on Market
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,092
Avg. Annual Appreciation
6.26%
Original Mortgage
$459,523
Outstanding Balance
$411,483
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$246,609
Purchase Details
Closed on
Feb 26, 2020
Sold by
Mccall Donald R and Mc Call Marjorie
Bought by
Bjdm Investments Llc
Purchase Details
Closed on
Oct 28, 2003
Sold by
Ballow Lisa D Mccall and Ballow Daniel L
Bought by
Mccall Donald R and Mccall Marjorie C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.04%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 30, 1998
Sold by
Mccall Donald R and Mccall Marjorie C
Bought by
Mccall Donald R and Mccall Marjorie C
Similar Home in Riverside, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $468,000 | Orange Coast Title Co | |
| Grant Deed | $320,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $459,523 | FHA | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2021 11/21/21 | Rented | $1,900 | 0.0% | -- |
| 11/10/2021 11/10/21 | For Rent | $1,900 | 0.0% | -- |
| 08/27/2020 08/27/20 | Sold | $492,000 | +2.7% | $332 / Sq Ft |
| 07/16/2020 07/16/20 | Pending | -- | -- | -- |
| 07/16/2020 07/16/20 | For Sale | $479,000 | -2.6% | $323 / Sq Ft |
| 07/13/2020 07/13/20 | Off Market | $492,000 | -- | -- |
| 07/08/2020 07/08/20 | For Sale | $479,000 | -- | $323 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $5,501 | $486,907 | $83,232 | $403,675 |
| 2022 | $5,376 | $477,360 | $81,600 | $395,760 |
| 2021 | $5,304 | $468,000 | $80,000 | $388,000 |
| 2020 | $1,427 | $120,134 | $43,680 | $76,454 |
| 2019 | $1,402 | $117,779 | $42,824 | $74,955 |
| 2018 | $1,375 | $115,471 | $41,986 | $73,485 |
| 2017 | $1,352 | $113,208 | $41,163 | $72,045 |
| 2016 | $1,269 | $110,989 | $40,356 | $70,633 |
| 2015 | $1,250 | $109,323 | $39,750 | $69,573 |
| 2014 | $1,238 | $107,183 | $38,972 | $68,211 |
Source: Public Records
Agents Affiliated with this Home
-
Jorge Jara
J
Seller's Agent in 2021
Jorge Jara
SoCal 5 Real Estate
(323) 712-5012
2 in this area
58 Total Sales
-
Kevin Watson
Seller's Agent in 2020
Kevin Watson
RE/MAX
(626) 399-5253
4 in this area
126 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV20133655
APN: 214-101-003
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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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