NOT LISTED FOR SALE

Estimated Value: $1,312,000 - $1,481,000

8 Beds
8 Baths
3,842 Sq Ft
$357/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $1,245,000 $324 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,622/month

6 Days on Market

Highlights

  • No Units Above
  • 0.62 Acre Lot
  • Private Yard
  • Polytechnic High School Rated A-
  • Property is near public transit
  • No HOA

About This Home

As of December 2023

Great Investment Opportunity. 5.3 Cap Rate on a Townhouse Style 4 Plex with 3 units remodeled and Newer 40 yr Composition Roof and Newer exterior paint and fence. Each unit features 2 large bedrooms approximately 13 X 15. & 1.5 Baths, full bath up and half bath down. The Primary bedroom offers a spacious walk-in closet and access to the hall bath from the bedroom. All water heaters have been replaced, 3 Interiors updated within the last 5 years. Smooth Ceilings, Recessed Lights and more. Each unit has their own patio. Tenants pay gas and electricity. There is a laundry room on-site for the tenants with leased machines that generate approximately $125 per month to the owner. Laundry Room has been upgraded with built in cabinets. Parking is open and there is room enough for 9 cars. The lot is over 1/2 acre and the fence is new! This is a well maintained building with good tenants and located in a great neighborhood close by Downtown Riverside, The Mission and University of California Riverside, , Riverside City College, Businesses and Entertainment.

Last Agent to Sell the Property

Shariee Dunn

BHHS CA Properties License #00554534 Listed on: 11/07/2023

BHHS CA Properties

Last Buyer's Agent

Darin Wilson

Legacy Real Estate License #01333762

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,842

Year Built

  • Built in 1985

Lot Details

  • 0.62 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Level Lot
  • Front Yard Sprinklers
  • Private Yard

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,842 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Parking Available
  • Side by Side Parking
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Central Air
  • No Heating
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 17488
  • Assessor Parcel Number 219164011
  • $217 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $2,250
  • Insurance Expense $3,000
  • Maintenance Expense $2,726
  • Water Sewer Expense $2,160
  • New Taxes Expense $12,707
  • Operating Expense $24,043
  • Gross Income $92,700
  • Net Operating Income $66,039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,842

Year Built

Built in 1985

Lot Details

0

Listing Details

  • CapRate: 5.30
  • Price Per Unit: 311250
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2160.00
  • Zoning: R-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2250.00
  • Parcel Number: 219164011
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 324.05
  • Room Type: All Bedrooms Up, Primary Bedroom, Walk-In Closet

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Off Street, On Site, Side by Side, Uncovered
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 9.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Gutters, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lot 20000-39999 Sqft, Level, Near Public Transit, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 27007.00
  • Lot Size Acres: 0.6200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 92700.00
  • Gross Multiplier: 13.39
  • Gross Operating Income: 90082.00
  • Gross Scheduled Income: 91920.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1500.00
  • Lot Size Area: 27007.0000 Square Feet
  • Maintenance Expense: 2726.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 66039.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 3
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 24043.00
  • Rent Control: No
  • Total Actual Rent: 7535.00
  • Total Expenses: 24043.00
  • Vacancy Allowance: 1838
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 12707.00
  • Tax Census Tract: 307.00
  • Tax Lot: 19
  • Tax Tract Number: 17488
  • TaxOtherAnnualAssessmentAmount: 217.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2025
Sold by
Murillo Family Trust and Murillo Christian Nicholas
Bought by
Brooks Property Llc
Current Estimated Value
$1,370,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$947,000
Outstanding Balance
$943,787
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$426,815

Purchase Details

Closed on
Apr 9, 2024
Sold by
Murillo Family Trust and Murillo Christian Nicholas
Bought by
Brooks Property Llc

Purchase Details

Closed on
Feb 9, 2024
Sold by
Murillo Christian Nicholas and Murillo Maria Isabe
Bought by
Murillo Family Trust and Murillo

Purchase Details

Listed on
Nov 7, 2023
Closed on
Nov 28, 2023
Sold by
Murillo Maria
Bought by
Murillo Christian Nicholas
Seller's Agent
Shariee Dunn
BHHS CA Properties
Buyer's Agent
Darin Wilson
Legacy Real Estate
List Price
$1,245,000
Sold Price
$1,245,000
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$933,750
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2023
Closed on
Nov 14, 2023
Sold by
Dipietrantonio Steven
Bought by
Murillo Christian Nicholas
Seller's Agent
Shariee Dunn
BHHS CA Properties
Buyer's Agent
Darin Wilson
Legacy Real Estate
List Price
$1,245,000
Sold Price
$1,245,000
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$933,750
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2015
Sold by
Mallick Shaheen H and Mallick Anees R
Bought by
Dipietrantonio Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,672
Interest Rate
3.85%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2014
Sold by
Mallick Shaheen and Mallick Anees R
Bought by
Mallick Shaheen H and Mallick Anees R

Purchase Details

Closed on
Oct 22, 2013
Sold by
Aleemuddin Perveen and Aleemuddin Mohammed
Bought by
Mallick Shaheen and Mallick Anees R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 2012
Sold by
Irone Munni A
Bought by
Aleemuddin Perveen and Aleemuddin Mohammed

Purchase Details

Closed on
Jul 11, 2011
Sold by
Irone Munni A
Bought by
Irone Munni A

Purchase Details

Closed on
Feb 12, 2009
Sold by
Irone Munni A
Bought by
Aleemuddin Perveen and Aleemuddin Mohammed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 2003
Sold by
Cline Donald Curtis and Cline Helen May
Bought by
Irone Anthony and Irone Munni A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,550
Interest Rate
5.6%
Mortgage Type
Commercial
Source: Public Records

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
Brooks Property Llc -- Lawyers Title
Murillo Family Trust -- Lawyers Title
Brooks Property Llc -- None Listed On Document
Murillo Family Trust -- None Listed On Document
Murillo Christian Nicholas -- None Listed On Document
Murillo Christian Nicholas -- Ticor Title
Murillo Christian Nicholas $1,245,000 Ticor Title
Dipietrantonio Steven $530,000 Pacific Coast Title Company
Mallick Shaheen H -- None Available
Mallick Shaheen $545,000 Orange Coast Title
Aleemuddin Perveen -- None Available
Irone Munni A -- None Available
Aleemuddin Perveen -- California Title Company
Irone Anthony -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murillo Family Trust $947,000
Previous Owner Murillo Christian Nicholas $933,750
Previous Owner Dipietrantonio Steven $464,039
Previous Owner Dipietrantonio Steven $505,611
Previous Owner Dipietrantonio Steven $505,672
Previous Owner Mallick Shaheen $287,500
Previous Owner Aleemuddin Perveen $350,000
Previous Owner Irone Anthony $242,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $1,245,000 0.0% $324 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
11/07/2023 11/07/23 For Sale $1,245,000 +134.9% $324 / Sq Ft
07/17/2015 07/17/15 Sold $530,000 -7.8% $184 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
07/18/2014 07/18/14 For Sale $575,000 -- $199 / 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 $13,842 $1,269,900 $612,000 $657,900
2023 $13,842 $603,044 $227,563 $375,481
2022 $6,794 $591,220 $223,101 $368,119
2021 $6,700 $579,628 $218,727 $360,901
2020 $6,650 $573,686 $216,485 $357,201
2019 $6,527 $562,439 $212,241 $350,198
2018 $6,402 $551,412 $208,080 $343,332
2017 $6,291 $540,600 $204,000 $336,600
2016 $5,894 $530,000 $200,000 $330,000
2015 $6,168 $555,888 $196,856 $359,032
2014 $6,105 $545,000 $193,000 $352,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23205820

California Regional Multiple Listing Service (CRMLS)

APN: 219-164-011