NOT LISTED FOR SALE

Estimated Value: $575,699 - $705,000

3 Beds
2 Baths
1,395 Sq Ft
$444/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $259,000 $186 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,534/month

35 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Gated Community
  • Sliding Doors
  • Custom Home
  • No HOA
  • Outdoor Storage

About This Home

As of February 2014

First time on the market! A unique property with many possibilities! This sits on two adjacent parcels. The front parcel facing Rose Avenue has continuously been used as an office since it was built in approx. 1955. However, it was designed and constructed as a 2-bedroom, 1-bath house, approx. 816 sq. feet.
In 1981, a 2-bedroom, 1-bath permitted addition, approx. 578 sq. feet, was added to the original structure, along with a two-car garage. It could be converted into a 1-bedroom, 1-bath apartment, forming a duplex.
The rear property has continuously been used as a construction/storage yard. The rear structure includes: an office (approx. 456 sq. feet), a concrete loading dock, a warehouse with a mechanics pit (approx. 600 sq. feet), and a large covered storage area (approx. 1,032 sq. feet). The warehouse was used as an RV garage plus storage. The office and the large warehouse are connected with a roof and back wall.
Even though the assessors parcel map shows the zoning to be Commercial. Once the property changes hands/ownership, then the zoning reverts to Residential. The old C zoning, dates back to when the this area of la sierra, was in the county. The area was incorporated into the city of Riverside back in LATE 60'S.

Last Agent to Sell the Property

DAN SEWELL

Tower Agency License #00612444 Listed on: 12/23/2013

Co-Listed By

SHARON GILBERT

GRAND PROPERTIES, INC License #01481550

Last Buyer's Agent

DAN SEWELL

Tower Agency License #00612444 Listed on: 12/23/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 0.3 Acre Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Custom Home
  • Property Attached
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,395 Sq Ft Home
  • Sliding Doors
  • Carpet
  • Built-In Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 160
  • Assessor Parcel Number 146161020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Built by Newby

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $3,500
  • Gross Income $2,400
  • Net Operating Income $28,000

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Security: Gated Community
  • View: No
  • Water Sewer Expenses: 600.00
  • Architectural Style: Custom Built
  • Property Type: Residential Income
  • Parcel Number: 146161020
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: One
  • Price Per Square Foot: 185.66
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage
  • Exterior Features: Satellite Dish
  • Fencing: Chain Link
  • Builder Name: Newby
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Block

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Built-In Range
  • Heating Type: Central
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 32000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 13068.0000 Square Feet
  • Net Operating Income: 28000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Lot: 46
  • Tax Tract Number: 160
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2023
Sold by
Yang Lie Juan
Bought by
Lie Juan Yang Family Trust and Yang
Current Estimated Value
$619,175

Purchase Details

Listed on
Dec 23, 2013
Closed on
Jan 31, 2014
Sold by
Yang Lie Juan
Bought by
Yang Lie Juan
Seller's Agent
DAN SEWELL
Tower Agency
Buyer's Agent
DAN SEWELL
Tower Agency
List Price
$299,000
Sold Price
$259,000
Premium/Discount to List
-$40,000
-13.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lie Juan Yang Family Trust -- None Listed On Document
Yang Lie Juan -- Lawyers Title
Yang Lie Juan $260,000 Lawyers Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $259,000 -13.4% $186 / Sq Ft
01/27/2014 01/27/14 Pending -- -- --
12/23/2013 12/23/13 For Sale $299,000 -- $214 / 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 $3,584 $296,007 $73,544 $222,463
2023 $3,530 $284,514 $70,689 $213,825
2022 $3,319 $278,936 $69,303 $209,633
2021 $3,271 $273,468 $67,945 $205,523
2020 $3,219 $270,665 $67,249 $203,416
2019 $3,177 $265,359 $65,931 $199,428
2018 $3,134 $260,157 $64,639 $195,518
2017 $3,076 $255,057 $63,372 $191,685
2016 $3,130 $258,880 $62,130 $196,750
2015 $3,084 $254,994 $61,198 $193,796
2014 $997 $76,312 $16,340 $59,972
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13252703

California Regional Multiple Listing Service (CRMLS)

APN: 146-161-008