NOT LISTED FOR SALE

4407 University Ave Riverside, CA 92501

Downtown Riverside Neighborhood
8 Beds
7 Baths
4,643 Sq Ft
0.36 Acres

Last Sold September 06, 2013

Last sale price $630,000 $136 Per Sq Ft

143 Days on Market

Highlights

  • Guest House
  • Custom Home
  • Dual Staircase
  • Polytechnic High School Rated A-
  • 0.36 Acre Lot
  • Main Floor Bedroom

About This Home

As of September 2013

Magnificent Historic Home built in 1905 and the subject of numerous fascinating stories from the early 1900s. In 1912, President Taft rode by in an open touring car as he returned to the Mission Inn from visiting the top of Mount Rubidoux to take part in a ceremony honoring Father Junipero Serra. Space prohibits the full story being told here, but it and many other tales of the home and its owners over the years are recorded in several accessible printed tomes. During the 1940s, when there was a shortage of housing in Riverside, the then occupant converted this lovely, spacious home into several apartment units. There are currently 4 units in the main home and two small rental homes on Pine Street on the back of the property, making at least seven usable rental units. Potential Buyers will be treated to the vintage charm of an Historic older home which maintains much of the original craftsmanship & beauty. Many possibilities exist, but it functions very well right now just as it is. See it soon, by appointment only. See Agent Remarks Below. Features following relate to the main house. The two small rental homes, each approximately 850-950 SF, have their own features and descriptions available upon request.

Last Agent to Sell the Property

Joan Shipps

Re/Max Partners License #01047373 Listed on: 01/22/2013

Last Buyer's Agent

Jerry Carter

Ricci Realty License #01235254

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 0.36 Acre Lot
  • 1 Common Wall
  • South Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Custom Home
  • Property Attached
  • Additions or Alterations
  • Brick Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Plaster

Interior Spaces

  • 4,643 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Entryway
  • Living Room
  • Dining Room with Fireplace
  • Home Office
  • Library
  • Bonus Room
  • Center Hall
  • Carpet
  • Neighborhood Views
  • Attic Fan
  • Alarm System
  • Basement

Kitchen

  • Gas Cooktop
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • More Than Two Accessible Exits
  • Gazebo
  • Guest House

Listing and Financial Details

  • Legal Lot and Block 19 / 4
  • Tax Tract Number 302
  • Assessor Parcel Number 214220009

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 7 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,467
  • Maintenance Expense $2,974
  • Water Sewer Expense $2,089
  • New Taxes Expense $3,775
  • Gross Income $5,300
  • Net Operating Income $51,335

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Security: Wired for Alarm System
  • View: Yes
  • Water Sewer Expenses: 2089.00
  • Architectural Style: Custom Built
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 214220009
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Attic Fan, Built-in Features, Ceramic Counters, Ceiling Fan(s), Crown Molding, High Ceilings
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Dining Room
  • Levels: Two
  • Price Per Square Foot: 135.69
  • Room Type: Basement, Bonus Room, Center Hall, Den, Entry, Library, Living Room, Main Floor Bedroom, Office
  • Window Features: Blinds

Exterior Features

  • Direction Faces: South
  • Foundation: Brick/Mortar, Slab
  • Other Structures: Guest House, Gazebo
  • View: Neighborhood
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Plaster, Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Central, Natural Gas
  • Laundry Features: In Kitchen, Individual Room
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 15682.00
  • Lot Size Acres: 0.3600

Multi Family

  • Gross Income: 5300.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 3467.00
  • Lot Size Area: 0.3600 Acres
  • Maintenance Expense: 2974.00
  • Net Operating Income: 51335.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 6
  • Operating Expense: 12305.00
  • Rent Control: No
  • Total Actual Rent: 63600.00

Tax Info

  • New Taxes Expense: 3775.00
  • Tax Block: 4
  • Tax Lot: 19
  • Tax Tract Number: 302

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2013 09/06/13 Sold $630,000 -16.0% $136 / Sq Ft
06/14/2013 06/14/13 Pending -- -- --
01/22/2013 01/22/13 For Sale $749,900 -- $162 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Joan Shipps

    RE/MAX

    Section Image

  • J

    Buyer's Agent in 2013

    Jerry Carter

    Ricci Realty

    (714) 633-3600

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13009129

California Regional Multiple Listing Service (CRMLS)

APN: 214-220-009

California Riverside County Riverside 92501 Downtown Riverside

4407 University Ave, Riverside, CA

This home is located at 4407 University Ave, Riverside, CA 92501 since 22 January 2013. This property was built in 1905. 4407 University Ave is a home located in Riverside County with nearby schools including Bryant Elementary, Central Middle School, and Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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