NOT LISTED FOR SALE

5060 Mitchell Ave Riverside, CA 92505

La Sierra Neighborhood

Estimated Value: $485,000 - $804,000

4 Beds
4 Baths
1,800 Sq Ft
$349/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2017

Last sale price $368,000 $204 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,805 / mo

231 Days on Market

About This Home

As of July 2017

Two houses on the same property. Front house is 2 bedroom and 2 bath and was built in the 1950's. The back house is also 2 bedroom and 2 bath, built in 2006. Each house has a one car garage and its own laundry area. Plenty of additional parking on the property between the two homes. A long driveway serves both houses which are located on opposite ends of the property and are independent from each other. There are quite a few horse properties in the area. Very near the commercial district and at the same time private enough to attract good rents.

Last Agent to Sell the Property

Leonidas Soukeris

First Olympic Realty Inc License #01018789 Listed on: 10/13/2016

Last Buyer's Agent

Alex Ly

KW Executive License #01145808

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 13,068 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • 1,800 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry in unit
  • Suburban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 146170041

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $5,125
  • Operating Expense $5,125
  • Gross Income $30,000
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0.3 Acres

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: R1RL
  • Property Type: Residential Income
  • Parcel Number: 146170041
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 204.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13068.00

Multi Family

  • Gross Income: 30000.00
  • Gross Scheduled Income: 30000.00
  • Net Operating Income: 30000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 5125.00

Tax Info

  • New Taxes Expense: 5125.00
  • Tax Census Tract: 413.02
  • Tax Lot: 1
  • Tax Tract Number: Holden

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2016
Closed on
Jun 5, 2017
Sold by
Bought by
Seller's Agent
Leonidas Soukeris
First Olympic Realty Inc
Buyer's Agent
Alex Ly
KW Executive
List Price
$410,000
Sold Price
$368,000
Premium/Discount to List
-$42,000
-10.24%
Current Estimated Value
$627,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,700
Avg. Annual Appreciation
6.19%
Original Mortgage
$276,000
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2016
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,800
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.53%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$368,000 Lawyers Title
-- None Available
-- Fnt Ie
$264,000 Chicago Title Co
$30,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $276,000
Previous Owner $308,800
Previous Owner $237,600
Previous Owner $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/31/2017 07/31/17 Sold $368,000 -10.2% $204 / Sq Ft
06/01/2017 06/01/17 Pending -- -- --
10/13/2016 10/13/16 For Sale $410,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,049 $419,285 $73,956 $345,329
2023 $5,049 $403,005 $71,085 $331,920
2022 $4,672 $395,104 $69,692 $325,412
2021 $4,597 $387,358 $68,326 $319,032
2020 $4,523 $383,387 $67,626 $315,761
2019 $4,464 $375,870 $66,300 $309,570
2018 $4,402 $368,500 $65,000 $303,500
2017 $4,600 $385,000 $75,000 $310,000
2016 $4,201 $350,000 $70,000 $280,000
2015 $3,965 $330,000 $60,000 $270,000
2014 $4,450 $365,000 $60,000 $305,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Leonidas Soukeris

    First Olympic Realty Inc

    (714) 325-4862

    23 Total Sales

    Leonidas Soukeris
    Section Image
  • Alex Ly

    Buyer's Agent in 2017

    Alex Ly

    KW Executive

    (626) 757-1595

    15 Total Sales

    Alex Ly
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16726027

California Regional Multiple Listing Service (CRMLS)

APN: 146-170-041

California Riverside County Riverside 92505 La Sierra

5060 Mitchell Ave, Riverside, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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