$440,000
SOLD JUL 8, 2019
3 Beds
2 Baths
1,500 Sq Ft
8,316 Sq Ft Lot

Recently Sold

$293 Per Sq Ft

2% Above List Price

2 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Built-In Features
  • Polytechnic High School Rated A-
  • Granite Countertops
  • Cooling System Mounted To A Wall/Window

About This Home

As of July 2019

"MOVE IN READY INVESTMENT PROPERTY" Fully leased renovated Duplex located in the heart of Downtown Riverside! Perfect for first home investors looking for an income producing rental property or seasonal investors looking to add to their portfolio. Each unit features it's own entry, kitchen, living room+bathroom, and is separately metered for gas & electric, with a shared water meter. NEW ROOF, NEW COPPER PLUMBING throughout & UPGRADED electrical & electrical panel! Property also features a detached 2 car garage + spacious backyard. 1st unit - 1bd 1ba, new wood laminate flooring, french door entry off of living room to a patio/side yard, bedroom + full bathroom with a new toilet, remodeled kitchen w/ breakfast bar seating, + gas stove, pantry, wall heater. 2nd UNIT- 2bd 1ba, hardwood floors thoughout, ceiling fans, remodeled kitchen featuring new wood vinyl flooring, new granite countertops, new subway tiled backsplash, vinyl dual panel windows, breakfast nook & pantry. Bathroom fully renovated with complete subway tiled shower/bathtub, tile flooring, new vanity + sink, new toilet. Each bedroom features hardwood flooring, built in storage + closet & ceiling fans. These units are ready to go & PRICED TO SELL!!

Last Agent to Sell the Property

Julio Cortez

Julio Ceaser Cortez License #01740245 Listed on: 05/24/2019

Last Buyer's Agent

Sonia Alford-Baldwin

CMB REALTY SERVICES License #01374944

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,226

Year Built

  • Built in 1920

Lot Details

  • 8,316 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Turnkey
  • Shingle Roof
  • Copper Plumbing

Interior Spaces

  • 1,500 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Living Room
  • Storage
  • City Lights Views

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 302
  • Assessor Parcel Number 214172013

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $800
  • Other Expense $1,000
  • Trash Expense $350
  • Water Sewer Expense $562
  • New Taxes Expense $3,046
  • Operating Expense $6,358
  • Gross Income $30,588
  • Net Operating Income $24,230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,226

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 562.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 214172013
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Pantry, Storage
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile, Vinyl, Wood
  • Appliances: Yes
  • Price Per Square Foot: 293.33
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Sewer: Private Sewer
  • Trash Expense: 350.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8316.00
  • Lot Size Acres: 0.1909

Multi Family

  • Gross Income: 30588.00
  • Gross Scheduled Income: 30588.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8316.0000 Square Feet
  • Net Operating Income: 24230.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6358.00
  • Other Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 2449.00
  • Total Expenses: 6358.00

Tax Info

  • New Taxes Expense: 3046.00
  • Tax Lot: 13
  • Tax Tract Number: 0302.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Jun 20, 2019
Sold by
Gomez Angeline M and Gomez Jason F
Bought by
Knight Gregory
Seller's Agent
Julio Cortez
Julio Ceaser Cortez
Buyer's Agent
Sonia Alford-Baldwin
CMB REALTY SERVICES
List Price
$430,000
Sold Price
$440,000
Premium/Discount to List
$10,000
2.33%
Current Estimated Value
$663,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,473
Avg. Annual Appreciation
6.92%
Original Mortgage
$330,000
Outstanding Balance
$290,777
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$372,696

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 26, 2018
Sold by
The Keller Organization Inv
Bought by
Gomez Angeline M and Gomez Jason F
Seller's Agent
Hannah Keller
Keller Williams Realty
Buyer's Agent
Anthony Lara
Y Realty
List Price
$437,000
Sold Price
$437,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.55%
Original Mortgage
$327,750
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2017
Closed on
Jul 12, 2017
Sold by
Torres Harvey S
Bought by
The Keller Organization Inc
Seller's Agent
Elizabeth Kristensen
Rise Realty
Buyer's Agent
Elizabeth Kristensen
Rise Realty
List Price
$250,000
Sold Price
$265,000
Premium/Discount to List
$15,000
6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.88%
Original Mortgage
$212,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2016
Sold by
Rice Dwight Alan and Rice Donne E Davis
Bought by
Torres Harvey S

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
3.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2007
Sold by
Rice Dwight A
Bought by
Rice Dwight Alan and Rice Donna E Davis
Source: Public Records

Range of Values:

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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 $440,000 Lawyers Title
Grant Deed $218,500 First American Title Company
Grant Deed $530,000 First American Title
Grant Deed $280,000 Chicago Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $330,000 New Conventional
Previous Owner $327,750 New Conventional
Previous Owner $212,000 Commercial
Previous Owner $224,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2019 07/08/19 Sold $440,000 +2.3% $293 / Sq Ft
05/26/2019 05/26/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $430,000 0.0% $287 / Sq Ft
03/12/2019 03/12/19 Rented $1,399 0.0% --
03/04/2019 03/04/19 For Rent $1,399 0.0% --
04/13/2018 04/13/18 Sold $437,000 0.0% $291 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $437,000 +64.9% $291 / Sq Ft
08/17/2017 08/17/17 Sold $265,000 0.0% $177 / Sq Ft
08/17/2017 08/17/17 Sold $265,000 +6.0% $250 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
07/10/2017 07/10/17 Pending -- -- --
07/05/2017 07/05/17 Price Changed $250,000 0.0% $236 / Sq Ft
07/05/2017 07/05/17 For Sale $250,000 -23.1% $167 / Sq Ft
05/15/2017 05/15/17 For Sale $325,000 -- $307 / 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 $5,226 $481,200 $82,021 $399,179
2023 $5,226 $462,516 $78,837 $383,679
2022 $5,108 $453,448 $77,292 $376,156
2021 $5,040 $444,558 $75,777 $368,781
2020 $5,002 $440,000 $75,000 $365,000
2019 $5,069 $445,740 $76,500 $369,240
2018 $3,046 $265,000 $70,000 $195,000
2017 $3,219 $280,000 $90,000 $190,000
2016 $1,834 $143,472 $31,477 $111,995
2015 $1,590 $141,318 $31,005 $110,313
2014 $1,575 $138,552 $30,399 $108,153
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19118126

California Regional Multiple Listing Service (CRMLS)

APN: 214-172-013