$8,350,000
SOLD SEP 9, 2025
3 Beds
-- Bath
33,884 Sq Ft
1.56 Acres

Recently Sold

$246 Per Sq Ft

16% Below List Price

37 Days on Market

Highlights

  • Private Pool
  • Laundry Room
  • Bike Trail
  • 1.56 Acre Lot
  • Horse Trails

About This Home

As of September 2025

Trust Sale - 44 unit apartment complex with 2 separate buildings, Open courtyard which creates an open feeling for each apt, Parking spaces – 1 per unit, Laundry in building, Pool, Utilities included in rents – water, sewer and trash, Direct and easy access to the 91 freeway, Minutes from downtown Riverside, Increases are done yearly, Only one vacant unit is in need of rehab, Majority of the tenants are long term month to month. Upside rent opportunity and operations management. Possible ADU development on the property. See city for information. specific sale terms required for sale.

Last Agent to Sell the Property

Todd Wohl

Premiere Estates International Real Estate Brokerage Phone: 310-704-3616 License #01912556 Listed on: 03/25/2025

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1967

Lot Details

  • 1.56 Acre Lot
  • No Common Walls

Parking

  • 44 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3 Bedrooms
  • 33,884 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Pool

  • Private Pool
  • Fence Around Pool

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4,5
  • Assessor Parcel Number 226210020

Community Details

Overview

  • 2 Buildings
  • 44 Units

Amenities

  • Laundry Facilities

Recreation

  • Horse Trails
  • Bike Trail

Property Details

Home Type

Apartment

Year Built

Built in 1967

Lot Details

0

Parking

44

Listing Details

  • Property Attached: No
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 226210020
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 246.43

Exterior Features

  • Pool Features: Private, Fenced
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 44.00
  • Total Parking Spaces: 44.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Horse Trails, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 67860.00
  • Lot Size Acres: 1.5579
  • Latitude Manual: 33.94666100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 715800.00
  • Lot Size Area: 67860.0000 Square Feet
  • Number Of Units Total: 44
  • Rent Control: No

Tax Info

  • Tax Lot: 4,5
  • Tax Tract Number: boo...

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
09/09/2025 09/09/25 Sold $8,350,000 -16.5% $246 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $9,995,000 -- $295 / 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 $14,864 $3,355,290 $702,270 $2,653,020
2023 $14,806 $1,200,600 $252,050 $948,550
2022 $14,550 $1,177,052 $247,103 $929,949
2021 $14,349 $1,153,973 $242,258 $911,715
2020 $14,249 $1,142,141 $239,774 $902,367
2019 $14,004 $1,119,747 $235,073 $884,674
2018 $13,754 $1,103,292 $230,465 $872,827
2017 $13,531 $1,081,768 $225,947 $855,821
2016 $12,738 $1,060,666 $221,517 $839,149
2015 $12,568 $1,044,819 $218,191 $826,628
2014 $12,456 $1,024,463 $213,918 $810,545
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25065506

California Regional Multiple Listing Service (CRMLS)

APN: 226-210-020