NOT LISTED FOR SALE

Estimated Value: $642,000 - $709,740

5 Beds
3 Baths
2,089 Sq Ft
$324/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $655,000 $314 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,456/month

9 Days on Market

Highlights

  • No HOA
  • Back and Front Yard
  • 1-Story Property
  • Laundry Room

About This Home

As of September 2023

Great investment opportunity! 2 homes on 1 lot with potential to add a third unit. Both units offer their own private yard. Front home it's a 3 beds 2 bath with central A/C including formal living room, formal dining room with its own private back yard. The back home features 2 bedrooms and 1 bath upgraded unit with spacious living room. This back unit also features its own private fenced back yard. Very convenient and centrally located in Riverside with easy access to the 91 freeway and less than 1.5 miles to La Sierra University and within 4 miles to the California Baptist University. Within a short distance you will find plenty of shopping options, restaurants, schools, parks, Lowes, Home Depot, Sky Zone and Starbucks. Lots of upgrades were completed within the last 24 months. The location, the schools and the parks make this property a great property to start a family with and/or start or grow your real estate portfolio. Too much to list in this limited description space. See it for yourself and fall in love with this great duplex and the opportunity to own it and ultimately make it your own. Pictures are from when upgrades were completed about 2 years ago.

Last Listed By

Carlos Cabrera

BEVERLY & COMPANY, INC. License #01433234 Listed on: 07/22/2023

BEVERLY & COMPANY, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,011

Year Built

  • Built in 1953

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Home Design

  • Duplex

Interior Spaces

  • 2,089 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer Hookup

Parking

  • Parking Available
  • Driveway

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, sewer
  • Tax Lot 52
  • Assessor Parcel Number 147200012
  • $56 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $1,404
  • Other Expense $2,240
  • Pest Control $900
  • Operating Expense $4,904
  • Net Operating Income $43,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,011

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Price Per Unit: 325000
  • Property Attached: No
  • Zoning: R1RL
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 147200012
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 313.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Laundry Features: Outside, Washer Hookup
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Sewer

Multi Family

  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 1404.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 43696.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Operating Expense: 4904.00
  • Other Expense: 2240.00
  • Other Expense Description: GasWater
  • Rent Control: No
  • Total Actual Rent: 4050.00
  • Total Expenses: 4904.00

Tax Info

  • Tax Census Tract: 413.01
  • Tax Lot: 52
  • TaxOtherAnnualAssessmentAmount: 56.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2025
Sold by
Chastain Alexandria
Bought by
Hernandez Mike Martinez and Jimenez Kendra
Total Days on Market
9
Current Estimated Value
$676,685

Purchase Details

Listed on
Jul 22, 2023
Closed on
Aug 7, 2023
Sold by
Zarate Mario Salgado and Zarate Nataly D
Bought by
Chastain Alexandria
Seller's Agent
Carlos Cabrera
BEVERLY & COMPANY, INC.
Buyer's Agent
Roger Felix
TREC HOMES INC.
List Price
$650,000
Sold Price
$655,000
Premium/Discount to List
$5,000
0.77%
Views
88

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
Original Mortgage
$599,816
Interest Rate
6.81%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 23, 2020
Closed on
Dec 31, 2020
Sold by
Villamil Victoria L
Bought by
Villamil Orlando C
Seller's Agent
Cecilia Ponce De Leon
KELLER WILLIAMS LAKE ARROWHEAD
Buyer's Agent
Cecilia Ponce De Leon
KELLER WILLIAMS LAKE ARROWHEAD
List Price
$469,000
Sold Price
$482,000
Premium/Discount to List
$13,000
2.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%
Original Mortgage
$473,269
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 23, 2020
Closed on
Dec 22, 2020
Sold by
Villamil Orlando C
Bought by
Zarate Mario Salgado and Guzman Nataly D
Seller's Agent
Cecilia Ponce De Leon
KELLER WILLIAMS LAKE ARROWHEAD
Buyer's Agent
Cecilia Ponce De Leon
KELLER WILLIAMS LAKE ARROWHEAD
List Price
$469,000
Sold Price
$482,000
Premium/Discount to List
$13,000
2.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,269
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2018
Sold by
Perbu Services Llc
Bought by
Villamil Orlando C

Purchase Details

Closed on
Oct 10, 2006
Sold by
Villamil Orlando C
Bought by
Perbu Services Llc

Purchase Details

Closed on
Aug 9, 2005
Sold by
Villamil Orlando C
Bought by
Villamil Orlando C and The Orlando C Villamil Revocable Living

Purchase Details

Closed on
Jul 8, 2005
Sold by
Villamil Orlando C and Vaillamil Evangeline M
Bought by
Villamil Orlando C

Purchase Details

Closed on
Jul 26, 1999
Sold by
Villamil Orlando and Villamil Evangeline M
Bought by
Villamil Orlando C and Villamil Evangeline M

Range of Values:

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Average Value
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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
Hernandez Mike Martinez -- Ticor Title
Chastain Alexandria $655,000 None Listed On Document
Villamil Orlando C -- First American Title Company
Villamil Orlando C -- First American Title Company
Zarate Mario Salgado $482,000 First American Title Company
Villamil Orlando C -- None Available
Perbu Services Llc -- None Available
Villamil Orlando C -- --
Villamil Orlando C -- --
Villamil Orlando C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chastain Alexandria $599,816
Previous Owner Zarate Mario Salgado $473,269
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2023 09/12/23 Sold $655,000 +0.8% $314 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/22/2023 07/22/23 For Sale $650,000 +34.9% $311 / Sq Ft
01/29/2021 01/29/21 Sold $482,000 +2.8% $231 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $469,000 0.0% $225 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
05/16/2020 05/16/20 For Sale $469,000 -2.7% $225 / Sq Ft
04/09/2020 04/09/20 Off Market $482,000 -- --
02/23/2020 02/23/20 For Sale $469,000 -- $225 / 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
2023 $8,011 $501,472 $72,828 $428,644
2022 $5,800 $491,640 $71,400 $420,240
2021 $2,603 $216,591 $74,965 $141,626
2020 $2,561 $214,371 $74,197 $140,174
2019 $2,529 $210,169 $72,743 $137,426
2018 $2,494 $206,049 $71,317 $134,732
2017 $2,449 $202,010 $69,919 $132,091
2016 $2,409 $198,050 $68,549 $129,501
2015 $2,373 $195,076 $67,520 $127,556
2014 $2,365 $191,257 $66,199 $125,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23135341

California Regional Multiple Listing Service (CRMLS)

APN: 147-200-012