NOT LISTED FOR SALE

Estimated Value: $488,000 - $1,125,000

6 Beds
3 Baths
2,730 Sq Ft
$290/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $320,000 $117 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $4,457/month

4 Days on Market

About This Home

As of August 2012

It's all about LOCATION! This attractive townhouse style triplex with two bedroom-two bath units is in one of Riverside's finest rental areas and is nestled among other similar properties which draws tenants. It is within walking distance of Riverside City College, Riverside Community Hospital and Dowtown Riverside. Finding tenants is a breeze. But wait, it gets better. The property has been well maintained from day one and also has new paint, new tile in the kitchens and baths and double windows. As a bonus, it has a shared laundry facility for extra income. Tenants love it! No remodeling to do - No hard fix-up work here, it is already done. And, rents seem way below market. Can you believe only $850 for a 2 bedroom 2 bath? The seller's loss is your gain! You have to see it to believe it. All three units are occupied, offer subject to inspection.

Last Agent to Sell the Property

Greg Kamin

Sun Tag Properties License #01173655 Listed on: 06/24/2012

Last Buyer's Agent

Joe Pratt

JOSEPH J PRATT License #01848482

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 8,276

Parking

  • 6 Parking Spaces

Home Design

  • 2,730 Sq Ft Home
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • 8,276 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 17488
  • Assessor Parcel Number 219181004

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $30,600
  • Net Operating Income $30,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 9.57
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 219181004
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 117.22

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 30600.00
  • Gross Multiplier: 10.45
  • Gross Scheduled Income: 30600.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 30600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Patio: 3

Tax Info

  • Tax Area: 9000
  • Tax Lot: 23
  • Tax Tract Number: 17488

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2021
Sold by
Pratt Family Trust and Pham Binh An
Bought by
Binh An Thi Pham Trust and Pham
Current Estimated Value
$791,130

Purchase Details

Closed on
Feb 7, 2021
Sold by
Pham Binh An Thi and The Pratt Family Trust
Bought by
Pham Binh An Thi and Binh An Thi Pham Trust

Purchase Details

Closed on
Mar 14, 2019
Sold by
Pham Binh An Thi
Bought by
Pratt Family Trust

Purchase Details

Listed on
Jun 24, 2012
Closed on
Jul 16, 2012
Sold by
Scp Ii Llc
Bought by
Pham Binh An Thi
Seller's Agent
Greg Kamin
Sun Tag Properties
Buyer's Agent
Joe Pratt
JOSEPH J PRATT
List Price
$319,900
Sold Price
$320,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$240,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 13, 2012
Closed on
May 25, 2012
Sold by
Hernandez Lee R and Hernandez Gladys Barbosa
Bought by
Scp Ii Llc
Seller's Agent
Roger Wilson
Realty ONE Group Southwest
Buyer's Agent
Greg Kamin
Sun Tag Properties
List Price
$249,000
Sold Price
$257,000
Premium/Discount to List
$8,000
3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2002
Sold by
Jensen Bruce
Bought by
Hernandez Lee R and Hernandez Gladys Barbosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 1996
Sold by
American Svgs Bank Fa
Bought by
Jensen Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
8.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 1996
Sold by
Banks Gary L and Lau Ruby D
Bought by
American Svgs Bank Fa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Binh An Thi Pham Trust -- None Listed On Document
Pham Binh An Thi -- None Available
Pratt Family Trust -- None Available
Pham Binh An Thi $319,000 First American Title Company
Scp Ii Llc $257,000 First American Title Company
Hernandez Lee R $215,000 Orange Coast Title Co
Jensen Bruce $125,000 Investors Title Company
American Svgs Bank Fa $84,915 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pham Binh An Thi $240,000
Previous Owner Hernandez Lee R $172,000
Previous Owner Jensen Bruce $127,500
Closed Hernandez Lee R $10,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2012 08/31/12 Sold $320,000 0.0% $117 / Sq Ft
06/28/2012 06/28/12 Pending -- -- --
06/24/2012 06/24/12 For Sale $319,900 +24.5% $117 / Sq Ft
06/01/2012 06/01/12 Sold $257,000 +3.2% $94 / Sq Ft View Prior Sale
05/21/2012 05/21/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $249,000 -- $91 / 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 $4,333 $392,811 $98,508 $294,303
2023 $4,333 $377,560 $94,684 $282,876
2022 $4,236 $370,158 $92,828 $277,330
2021 $4,185 $362,901 $91,008 $271,893
2020 $4,154 $359,181 $90,075 $269,106
2019 $4,077 $352,139 $88,309 $263,830
2018 $3,999 $345,235 $86,578 $258,657
2017 $3,929 $338,467 $84,881 $253,586
2016 $3,681 $331,831 $83,217 $248,614
2015 $3,629 $326,849 $81,968 $244,881
2014 $3,601 $320,448 $80,363 $240,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P826446

California Regional Multiple Listing Service (CRMLS)

APN: 219-181-004