NOT LISTED FOR SALE

4880 Mitchell Ave Riverside, CA 92505

La Sierra Neighborhood

Estimated Value: $848,844 - $1,244,000

2 Beds
2 Baths
3,600 Sq Ft
$276/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $525,000 $146 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,158/month

5 Days on Market

About This Home

As of September 2017

Excellent investment opportunity in Riverside! Rare 4-plex in the La Sierra area. Well maintained. Always occupied! One unit just vacated, so this could be perfect for investors, OR buyers looking to occupy one unit and rent the other three out! All units are 2 Bed/1.5 Baths with their own laundry hookups inside!

Last Agent to Sell the Property

Dale Beaver

First Choice Property Mgmt License #01319972 Listed on: 07/19/2017

Last Buyer's Agent

Dale Beaver

First Choice Property Mgmt License #01319972 Listed on: 07/19/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,590

Year Built

  • Built in 1989

Lot Details

  • 8,388 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas, sewer, trash collection, water
  • Tax Lot 14
  • Tax Tract Number 41302
  • Assessor Parcel Number 146233035

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $18
  • Gardener Expense $840
  • Insurance Expense $1,313
  • Maintenance Expense $3,973
  • Pest Control $395
  • Professional Management Expense $3,700
  • New Taxes Expense $5,513
  • Operating Expense $15,780
  • Gross Income $44,040
  • Net Operating Income $35,499

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,590

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Assessments: Yes
  • Other Phone Description: Co Listing
  • Other Phone Number: 714-501-3037
  • Price Per Unit: 131250
  • Professional Management Expense: 3700.00
  • Property Attached: No
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 146233035
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 145.83
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 395.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8388.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 18.00
  • Gross Income: 44040.00
  • Gross Scheduled Income: 44040.00
  • Insurance Expense: 1312.50
  • Maintenance Expense: 3973.00
  • Net Operating Income: 35499.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 8541.00
  • Rent Control: No
  • Total Actual Rent: 2820.00
  • Total Expenses: 15780.00

Tax Info

  • New Taxes Expense: 5512.50
  • Tax Census Tract: 413.02
  • Tax Lot: 14
  • Tax Tract Number: 041302

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2021
Sold by
Ha Quang Ky and Bui Tiffany C
Bought by
Ha Quang Ky and Bui Tiffany C
Current Estimated Value
$994,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Outstanding Balance
$324,327
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$724,048

Purchase Details

Closed on
Mar 2, 2021
Sold by
Ha Quang and Bui Tiffany C
Bought by
Ha Quang Ky and Bui Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2021
Sold by
Ha Quang Ky and Bui Tiffany
Bought by
Ha Quang Ky and Bui Tiffany C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2017
Sold by
Ha Quang and Bui Tiffany C
Bought by
Ha Quang and Bui Tiffany C

Purchase Details

Listed on
Jul 19, 2017
Closed on
Sep 14, 2017
Sold by
Lane Judy K
Bought by
Stacey Stephen L
Seller's Agent
Dale Beaver
First Choice Property Mgmt
Buyer's Agent
Dale Beaver
First Choice Property Mgmt
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$367,500
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 19, 2017
Closed on
Jul 28, 2017
Sold by
Stacey Stephen L
Bought by
Ha Quang and Bui Tiffany C
Seller's Agent
Dale Beaver
First Choice Property Mgmt
Buyer's Agent
Dale Beaver
First Choice Property Mgmt
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2009
Sold by
Stacey Connie M
Bought by
Stacey Stephen L

Purchase Details

Closed on
Mar 13, 2002
Sold by
Stacey Houston and Stacey Dorothy
Bought by
Stacey Stephen L and Stacey Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
7.08%
Mortgage Type
Commercial
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
Ha Quang Ky -- None Available
Ha Quang Ky -- None Available
Ha Quang Ky -- Fidelity Natl Ttl Orange Cnt
Ha Quang Ky -- Fidelity Natl Ttl Orange Cnt
Ha Quang -- None Available
Stacey Stephen L -- None Available
Ha Quang $525,000 First American Title Company
Stacey Stephen L -- Ntc
Stacey Stephen L -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ha Quang Ky $352,000
Closed Ha Quang Ky $354,000
Previous Owner Ha Quang $367,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $525,000 0.0% $146 / Sq Ft
07/24/2017 07/24/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $525,000 -- $146 / 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 $10,590 $597,355 $136,537 $460,818
2023 $10,590 $574,161 $131,236 $442,925
2022 $6,723 $562,904 $128,663 $434,241
2021 $6,608 $551,868 $126,141 $425,727
2020 $6,503 $546,210 $124,848 $421,362
2019 $6,419 $535,500 $122,400 $413,100
2018 $6,331 $525,000 $120,000 $405,000
2017 $2,345 $192,592 $75,657 $116,935
2016 $2,307 $188,817 $74,174 $114,643
2015 $2,272 $185,983 $73,061 $112,922
2014 $2,262 $182,342 $71,631 $110,711
Source: Public Records

Agents Affiliated with this Home

  • Dale Beaver

    Seller's Agent in 2017

    Dale Beaver

    First Choice Property Mgmt

    (909) 239-7144

    3 in this area

    30 Total Sales

    Dale Beaver
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG17167684

California Regional Multiple Listing Service (CRMLS)

APN: 146-233-035

California Riverside County Riverside 92505 La Sierra

4880 Mitchell Ave, Riverside, CA

This home is located at 4880 Mitchell Ave, Riverside, CA 92505 since 19 July 2017 and is currently estimated at $994,961, approximately $276 per square foot. This property was built in 1989. 4880 Mitchell Ave is a home located in Riverside County with nearby schools including Myra Linn Elementary School, Arizona Middle School, and La Sierra 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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