NOT LISTED FOR SALE

494 Electric Ave Riverside, CA 92507

Highgrove Neighborhood

Estimated Value: $737,000 - $889,000

4 Beds
3 Baths
2,700 Sq Ft
$300/Sq Ft Est. Value

Last Sold May 19, 2015

Last sale price $394,500 $146 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $4,630/month

191 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Wood Flooring
  • 1.3 Acre Lot
  • Secluded Lot
  • Lawn

About This Home

As of May 2015

Perfect for Tax Investment. Riverside Highgrove Home and Duplex. 1.30 Acres, 2 Bedrooms 1 Bath house features family room, ceramic tile floors and counters, indoor laundry with office, blinds throughout. Newer appliances and ceiling fans, shows great. Currently house is rented at $1290 month to month. Plus has it's own carport. Detached 2 Story Duplex building has 2 united apartments. 1 Bedroom with living room, kitchen, bath each, each unit has 600 sq. ft. and is rented for $630 each. Top unit has wrap around balcony/patio to view the mountains. Duplex has a shared laundry room, security system, lots of parking, room for RV, big boys toys. Great for fruit orchard & large garden. Ideal for extended family,live in house, apartment rents can help make payment. House Apartments.

Last Agent to Sell the Property

Livia Earp

WESTCOE REALTORS INC License #00458583 Listed on: 08/26/2014

WESTCOE REALTORS INC

Last Buyer's Agent

Clare Schrum

NATIONAL REALTY GROUP License #01742219

NATIONAL REALTY GROUP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 1.3 Acre Lot
  • No Common Walls
  • Cul-De-Sac
  • Rural Setting
  • Chain Link Fence
  • Landscaped
  • Secluded Lot
  • Corner Lot
  • Level Lot
  • Flag Lot
  • Lawn
  • Back and Front Yard

Home Design

  • Ranch Style House
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,700 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Storage
  • Utility Room
  • Mountain Views

Kitchen

  • Microwave
  • Ceramic Countertops
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Car Garage
  • 2 Detached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Shared Driveway
  • Parking Lot
  • RV Access or Parking

Outdoor Features

  • Shed
  • Outdoor Grill

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 247082014
  • Tax Block 57

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,300
  • Insurance Expense $1,230
  • Other Expense $2,225
  • Pest Control $345
  • Professional Management Expense $3,000
  • Trash Expense $400
  • Water Sewer Expense $1,626
  • Gross Income $2,550
  • Net Operating Income $16,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3000.00
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1626.00
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Gardener Expense: 1300.00
  • Parcel Number: 247082014
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceramic Counters, Ceiling Fan(s), Formica Counters, Storage, Tile Counters, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 146.11
  • Room Type: Utility Room
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab, Raised
  • Other Structures: Shed(s), Two On A Lot
  • Exterior Features: Barbecue Private
  • View: Mountain(s)
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Concrete, Driveway, Parking Space, RV Potential, RV Access/Parking, Shared Driveway, Built-In Storage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas, Wall Furnace
  • Laundry Features: Individual Room, Outside
  • Pest Control Expense: 345.00
  • Sewer: Conventional Septic
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Level, Lawn, Landscaped, Flag Lot, Lot Over 40000 Sqft, Corner Lot, Secluded
  • Lot Size Sq Ft: 56628.00
  • Lot Size Acres: 1.3000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 600
  • Gross Income: 2550.00
  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 1230.00
  • Lot Size Area: 1.3000 Acres
  • Net Operating Income: 16980.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Operating Expense: 11595.00
  • Other Expense: 2225.00
  • Other Expense Description: Plumbing
  • Rent Control: No
  • Total Actual Rent: 2550.00

Tax Info

  • Tax Block: 57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2015
Sold by
Huang Rong Zhou and Yip Mary Sio Mei
Bought by
Huang & Yip Family Trust
Current Estimated Value
$809,667

Purchase Details

Closed on
Mar 16, 2015
Sold by
Haniuk Sandra L
Bought by
Huang Rong Zhou and Yip Mary Siomei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,150
Interest Rate
3.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2014
Sold by
Haniuk Wayne E and Haniuk Sandra L
Bought by
Haniuk Wayne E and Haniuk Sandra L

Purchase Details

Closed on
Jun 7, 2011
Sold by
Haniuk Wayne E and Haniuk Sandra L
Bought by
Haniuk Wayne E and Haniuk Sandra L
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
Huang & Yip Family Trust -- None Available
Huang Rong Zhou $394,500 Title 365
Haniuk Wayne E -- None Available
Haniuk Wayne E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huang Rong Zhou $276,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2015 05/19/15 Sold $394,500 -12.3% $146 / Sq Ft
03/05/2015 03/05/15 Pending -- -- --
08/26/2014 08/26/14 For Sale $449,900 -- $167 / 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 $5,106 $474,119 $120,179 $353,940
2023 $5,106 $455,710 $115,513 $340,197
2022 $4,969 $446,776 $113,249 $333,527
2021 $4,879 $438,017 $111,029 $326,988
2020 $4,841 $433,527 $109,891 $323,636
2019 $4,749 $425,028 $107,737 $317,291
2018 $4,653 $416,695 $105,626 $311,069
2017 $4,569 $408,525 $103,555 $304,970
2016 $4,266 $400,516 $101,525 $298,991
2015 $778 $72,017 $11,510 $60,507
Source: Public Records

Agents Affiliated with this Home

  • Livia Earp

    Seller's Agent in 2015

    Livia Earp

    WESTCOE REALTORS INC

    (951) 784-2500

    9 Total Sales

    Livia Earp
    Section Image

  • C

    Buyer's Agent in 2015

    Clare Schrum

    NATIONAL REALTY GROUP

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14184579

California Regional Multiple Listing Service (CRMLS)

APN: 247-082-018

California Riverside County Riverside 92507 Highgrove

494 Electric Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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