NOT LISTED FOR SALE

Estimated Value: $596,000 - $1,182,000

5 Beds
3 Baths
1,950 Sq Ft
$428/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $569,000 $292 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,026/month

1 Day on Market

Highlights

  • Laundry Room
  • No Heating
  • 1-Story Property

About This Home

As of December 2020

This income property is located on the north side of Riverside next to Corona and La Sierra University. The property has a 3 Bedroom house in the front and a 1 bedroom each duplex in the back.(The City of Riverside records does not show this. Buyer to check with the city of Riverside.) The buyer can live in the front house and rent the duplex. The large lot has a one-car garage attached to one of the 1 Bedroom. There is also a 2 carport in the backyard.

Last Agent to Sell the Property

Rose Alvarez

Berkshire Hathaway HomeServices California Properties License #00991499 Listed on: 10/12/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Marco Hernandez

NATIONAL REALTY GROUP License #01210749

NATIONAL REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,390

Year Built

  • Built in 1956

Lot Details

  • 0.25 Acre Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 12 / 60
  • Tax Tract Number 202
  • Assessor Parcel Number 146142009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,400
  • Trash Expense $600
  • New Taxes Expense $6,563
  • Operating Expense $4,200
  • Gross Income $48,000
  • Net Operating Income $47,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,390

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: R1065
  • Property Type: Residential Income
  • Parcel Number: 146142009
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 291.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 10890.0000 Square Feet
  • Net Operating Income: 47900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 100.00
  • Rent Control: No
  • Total Actual Rent: 4000.00
  • Total Expenses: 4200.00

Tax Info

  • New Taxes Expense: 6563.00
  • Tax Block: 60
  • Tax Census Tract: 409.01
  • Tax Lot: 12
  • Tax Tract Number: 202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2022
Sold by
Hernandez Rosa
Bought by
Geneses Trust and Hernandez
Current Estimated Value
$834,215

Purchase Details

Listed on
Oct 12, 2020
Closed on
Nov 12, 2020
Sold by
Rodriguez Anthony
Bought by
Hernandez Rosa
Seller's Agent
Rose Alvarez
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marco Hernandez
NATIONAL REALTY GROUP
List Price
$559,000
Sold Price
$569,000
Premium/Discount to List
$10,000
1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$299,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2018
Sold by
Rodriguez Saida
Bought by
Rodriguez Anthony

Purchase Details

Closed on
Jan 22, 2018
Sold by
Ramos Raymond F and Ramos Susan N Sciulli
Bought by
Rodriguez Anthony

Purchase Details

Closed on
May 10, 2013
Sold by
Ramos Raymond and Ramos Susan
Bought by
Ramos Raymond F and Ramos Susan N Sciulli

Purchase Details

Closed on
Sep 25, 2006
Sold by
Farmer Chet L and Farmer Jacqueline A
Bought by
Ramos Raymond and Ramos Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 18, 1996
Sold by
Farmer Chester L and Farmer Jacqueline A
Bought by
Farmer Chet L and Farmer Jacqueline A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Geneses Trust -- Hernandez Rosa Elia
Hernandez Rosa $569,000 Wfg National Title Company
Rodriguez Anthony -- Pacific Coast Title Company
Rodriguez Anthony $74,500 Pacific Coast Title Company
Ramos Raymond F -- None Available
Ramos Raymond $420,000 Investors Title Company
Farmer Chet L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Rosa $299,000
Previous Owner Ramos Raymond $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $569,000 +1.8% $292 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $559,000 -- $287 / 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 $7,390 $639,300 $129,890 $509,410
2023 $7,390 $591,987 $124,848 $467,139
2022 $6,837 $580,380 $122,400 $457,980
2021 $6,718 $569,000 $120,000 $449,000
2020 $5,574 $473,902 $98,838 $375,064
2019 $5,501 $464,610 $96,900 $367,710
2018 $4,949 $415,000 $70,000 $345,000
2017 $4,424 $370,000 $70,000 $300,000
2016 $3,965 $330,000 $70,000 $260,000
2015 $3,729 $310,000 $60,000 $250,000
2014 $3,790 $310,000 $60,000 $250,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20215326

California Regional Multiple Listing Service (CRMLS)

APN: 146-142-009