NOT LISTED FOR SALE

4437 University Ave Riverside, CA 92501

Downtown Riverside Neighborhood

Estimated Value: $814,000 - $1,215,000

1 Bed
1 Bath
3,800 Sq Ft
$262/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $630,000 $166 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,936/month

75 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 December 2017

First time home buyers dream. Investors delight. This 4plex is on historic scenic route, in the heart of riverside, surrounded by eye catching historic buildings. Walk-able to down town Metro, Malls, Hospitals, Parks, the famous Mt Rubidoux. All units have very desirable floor plans with hardwood floors. Personal washer, dryer &Refrigerator in each unit, like in a condo. All units come with 1 car garage. This 4plex is what exactly you have been looking for located in the most desirable riverside residential area. Very large units, 950 sqft each. Very rare to find.

Last Agent to Sell the Property

Ray Kottapalli

Ray Kottapalli License #00978654 Listed on: 08/07/2017

Last Buyer's Agent

Kevin Gonzalez

eXp Realty of Southern California Inc License #01947721

eXp Realty of Southern California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,709

Year Built

  • Built in 1920

Lot Details

  • 7,850 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Front and Back Yard Sprinklers
  • Lawn
  • Garden

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 220 / 220
  • Tax Tract Number 11
  • Assessor Parcel Number 214220011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,000
  • Trash Expense $2,000
  • Water Sewer Expense $2,500
  • New Taxes Expense $7,150
  • Operating Expense $13,000
  • Gross Income $50,400
  • Net Operating Income $37,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,709

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2500.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 214220011
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 165.79

Exterior Features

  • Direction Faces: West
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lawn, Lot 6500-9999, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 7850.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 50400.00
  • Gross Operating Income: 50400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 37400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13000.00
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 13000.00

Tax Info

  • New Taxes Expense: 7150.00
  • Tax Block: 220
  • Tax Census Tract: 302.00
  • Tax Lot: 220
  • Tax Tract Number: 011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2017
Closed on
Dec 11, 2017
Sold by
Rodriguez Elizabeth Marie
Bought by
Rodriguez Brandon Jubal
Seller's Agent
Ray Kottapalli
Ray Kottapalli
Buyer's Agent
Kevin Gonzalez
eXp Realty of Southern California Inc
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%
Current Estimated Value
$994,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,554
Avg. Annual Appreciation
6.02%
Original Mortgage
$446,250
Outstanding Balance
$374,822
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$619,732

Purchase Details

Listed on
Aug 7, 2017
Closed on
Nov 8, 2017
Sold by
Doraiswamy Mohan and Padige Srinivas
Bought by
Rodriguez Brandon Jubal
Seller's Agent
Ray Kottapalli
Ray Kottapalli
Buyer's Agent
Kevin Gonzalez
eXp Realty of Southern California Inc
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Outstanding Balance
$374,822
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$619,732

Purchase Details

Closed on
Aug 28, 2005
Sold by
Sambasivam Shanthi
Bought by
Pugazhenthi Jegadeesan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 25, 2005
Sold by
Padige Anuradha
Bought by
Padige Srinivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 15, 2005
Sold by
Maclachlan Bruce D and Maclachlan Mary Ann
Bought by
Doraiswamy Mohan and Pedige Srinivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 3, 2005
Sold by
Maclachlan Bruce D and Maclachlan Mary Ann G
Bought by
Maclachlan Bruce D and Maclachlan Mary Ann

Purchase Details

Closed on
May 1, 2003
Sold by
Maclachlan Bruce D and Maclachlan Mary Ann
Bought by
Maclachlan Bruce D and Maclachlan Mary Ann G
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 Buyer Sale Price Title Company
Rodriguez Brandon Jubal -- Old Republic Title Company
Rodriguez Brandon Jubal $618,500 Old Republic Title Company
Pugazhenthi Jegadeesan -- Old Republic Title Co
Padige Srinivas -- Old Republic Title Co
Doraiswamy Mohan -- Old Republic Title Co
Doraiswamy Asokan -- Old Republic Title Company
Subramanian Saravanapandian -- Old Republic Title Co
Doraiswamy Mohan $600,000 Old Republic Title Co
Maclachlan Bruce D -- --
Maclachlan Bruce D -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Brandon Jubal $446,250
Previous Owner Doraiswamy Mohan $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2017 12/15/17 Sold $630,000 -6.7% $166 / Sq Ft
08/07/2017 08/07/17 For Sale $675,000 -- $178 / 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 $7,709 $703,428 $227,559 $475,869
2023 $7,709 $676,116 $218,724 $457,392
2022 $7,536 $662,862 $214,439 $448,423
2021 $7,428 $649,866 $210,235 $439,631
2020 $7,370 $643,204 $208,080 $435,124
2019 $7,232 $630,593 $204,000 $426,593
2018 $7,095 $618,229 $200,000 $418,229
2017 $5,557 $441,001 $115,763 $325,238
2016 $4,889 $441,001 $115,763 $325,238
2015 $4,666 $420,000 $110,250 $309,750
2014 $4,496 $400,000 $105,000 $295,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Ray Kottapalli

    Ray Kottapalli

    (562) 659-4518

    26 Total Sales

    Ray Kottapalli
    Section Image
  • Kevin Gonzalez

    Buyer's Agent in 2017

    Kevin Gonzalez

    eXp Realty of Southern California Inc

    (909) 590-8853

    117 Total Sales

    Kevin Gonzalez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17182204

California Regional Multiple Listing Service (CRMLS)

APN: 214-220-011

California Riverside County Riverside 92501 Downtown Riverside

4437 University Ave, Riverside, CA

This home is located at 4437 University Ave, Riverside, CA 92501 since 07 August 2017 and is currently estimated at $994,554, approximately $261 per square foot. This property was built in 1920. 4437 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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