NOT LISTED FOR SALE

Estimated Value: $599,000 - $968,000

5 Beds
3 Baths
1,552 Sq Ft
$487/Sq Ft Est. Value

Last Sold January 27, 2020

Last sale price $523,000 $337 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,397/month

60 Days on Market

Highlights

  • Fireplace in Kitchen
  • Living Room
  • 4 Detached Carport Spaces
  • No HOA
  • Laundry Room
  • Central Air

About This Home

As of January 2020

2 houses on a lot! Brand new renovation from inside to outside for both units. New bathroom, Special designed kitchen with stainless steel appliances. Front unit, new windows, roof, installation and central A/C. it offers 3 bedrooms 1.5 bathroom with an enclosed patio about 198 Sqft. Back unit is 2 bedroom/1 bathroom with a family room, split unit A/C and wall furnace, it was rebuilt in 1995. Each unit has it own fenced yard, 2 carports, owned laundry hook-up. Separated gas and electric meters. Located on a nice and quiet tree lined street, close to parks, schools and shopping area. minutes away from Riverside Plaza with lots of shopping stores, restaurants and movie theater. Easy freeway access close to downtown of Riverside and the famous Mission Inn.

Last Agent to Sell the Property

AMY HAN

KO TAI REALTY License #01345834 Listed on: 08/27/2019

KO TAI REALTY

Co-Listed By

Tracy Ngo

ATM Asset Mgmt, Inc. License #01384577

Last Buyer's Agent

Jocabed Jacobo

eXp Realty of Greater Los Angeles License #01912997

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • Back and Front Yard

Home Design

  • Shingle Roof

Interior Spaces

  • 1,552 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2S5W
  • Tax Tract Number 33
  • Assessor Parcel Number 226263023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,350
  • Water Sewer Expense $900
  • New Taxes Expense $5,700
  • Operating Expense $7,950
  • Net Operating Income $23,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0.27 Acres

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Zoning: R1065
  • Property Type: Residential Income
  • Parcel Number: 226263023
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Kitchen, Patio
  • Levels: One
  • Price Per Square Foot: 336.98
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Covered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: No
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Microwave
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11761.00
  • Lot Size Acres: 0.2700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 31800.00
  • Insurance Expense: 1350.00
  • Lot Size Area: 11761.0000 Square Feet
  • Net Operating Income: 23850.00
  • 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
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 7950.00
  • Rent Control: No
  • Total Actual Rent: 2.00
  • Total Expenses: 7950.00

Tax Info

  • New Taxes Expense: 5700.00
  • Tax Census Tract: 310.01
  • Tax Lot: 2S5W
  • Tax Tract Number: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2019
Sold by
Riverside Marcus Llc
Bought by
Soto Jose
Current Estimated Value
$755,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 28, 2018
Closed on
Jun 12, 2018
Sold by
Davis Bruce F
Bought by
Riverside Marcus Llc
Seller's Agent
Laura Spring
NextHome Findly Estates
Buyer's Agent
Laura Spring
NextHome Findly Estates
List Price
$325,000
Sold Price
$318,500
Premium/Discount to List
-$6,500
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.92%

Purchase Details

Closed on
Aug 14, 2017
Sold by
Davis Bruce Frederick and Tewell Martha Lorraine
Bought by
Davis Bruce F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
3.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Soto Jose $523,000 Lawyers Title Ie
Riverside Marcus Llc $318,500 Lawyers Title Company
Davis Bruce F -- Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soto Jose $268,000
Previous Owner Davis Bruce F $129,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/27/2020 01/27/20 Sold $523,000 -4.6% $337 / Sq Ft
10/26/2019 10/26/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $548,000 +72.1% $353 / Sq Ft
06/29/2018 06/29/18 Sold $318,500 -2.0% $207 / Sq Ft View Prior Sale
06/08/2018 06/08/18 Pending -- -- --
05/28/2018 05/28/18 For Sale $325,000 -- $211 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,201 $571,971 $82,021 $489,950
2023 $6,201 $549,763 $78,837 $470,926
2022 $6,061 $538,985 $77,292 $461,693
2021 $5,977 $528,418 $75,777 $452,641
2020 $4,330 $379,747 $78,030 $301,717
2019 $4,248 $372,301 $76,500 $295,801
2018 $2,370 $204,460 $59,781 $144,679
2017 $1,112 $98,920 $39,562 $59,358
2016 $1,043 $96,982 $38,787 $58,195
2015 $1,027 $95,527 $38,205 $57,322
2014 $1,015 $93,657 $37,457 $56,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19205412

California Regional Multiple Listing Service (CRMLS)

APN: 226-263-023

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