NOT LISTED FOR SALE

Estimated Value: $880,000 - $1,046,000

8 Beds
4 Baths
2,538 Sq Ft
$374/Sq Ft Est. Value

Last Sold September 08, 2020

Last sale price $670,000 $264 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,893/month

41 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • Level Lot
  • Laundry Room

About This Home

As of September 2020

INVESTMENT OPPORTUNITY!! Well maintained quadruplex (4 units) in the La Sierra Heights are. All units have 2 bedrooms with 1 bath. The units are in good condition. Owner replaced the roof within the last 5 years. Has remodeled all bathrooms and kitchens within the same time period. Each unit has their own washer/dryer hook up. It is approximately 1.5 miles from Riverside Municipal Airport, 2 miles northeast from La Sierra University. 2 miles north from Tyler Mall.

Last Agent to Sell the Property

Abel Dutra

DALE FREITAS REALTY License #02083058 Listed on: 05/01/2020

Last Buyer's Agent

Margaret Chappell

Corcoran Global Living License #01218542

Corcoran Global Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,787

Year Built

  • Built in 1951

Lot Details

  • 0.25 Acre Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 2,538 Sq Ft Home
  • Quadruplex
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 4 / 8
  • Assessor Parcel Number 147100070

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,787

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Agent
  • Other Phone Number: 9092108263
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 147100070
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 263.99

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Storm Drains, Street Lights

Lot Info

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

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 4200.00
  • Gross Scheduled Income: 4200.00
  • Lot Size Area: 10890.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 4200.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 413.01
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Aug 20, 2020
Sold by
Castrejon Marco
Bought by
Tayun Isaac Enrique
Seller's Agent
Abel Dutra
DALE FREITAS REALTY
Buyer's Agent
Margaret Chappell
Corcoran Global Living
List Price
$675,000
Sold Price
$670,000
Premium/Discount to List
-$5,000
-0.74%
Current Estimated Value
$949,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,095
Avg. Annual Appreciation
7.24%
Original Mortgage
$502,500
Outstanding Balance
$447,754
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$501,341

Purchase Details

Closed on
Aug 16, 2016
Sold by
Arrington Ofelia
Bought by
Arrington Ofelia

Purchase Details

Closed on
Sep 4, 2001
Sold by
Pusavat Dhongchai and Pusavat Yoko
Bought by
Arrington Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2001
Sold by
Arrington Ofelia Diaz
Bought by
Arrington Neal
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
Tayun Isaac Enrique $670,000 Wfg National Title Company
Castrejon Marco -- Wfg Title
Castrejon Marco -- Wfg National Title Co Of Ca
Arrington Ofelia -- None Available
Arrington Neal $152,000 First American Title Co
Arrington Neal -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tayun Isaac Enrique $502,500
Previous Owner Arrington Neal $30,000
Previous Owner Arrington Neal $130,000
Previous Owner Arrington Neal $121,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2020 09/08/20 Sold $670,000 -0.7% $264 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $675,000 -- $266 / 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 $8,787 $725,228 $173,188 $552,040
2023 $8,787 $697,068 $166,464 $530,604
2022 $8,137 $683,400 $163,200 $520,200
2021 $7,994 $670,000 $160,000 $510,000
2020 $2,552 $205,295 $74,280 $131,015
2019 $2,521 $201,271 $72,824 $128,447
2018 $2,488 $197,326 $71,397 $125,929
2017 $2,444 $193,458 $69,998 $123,460
2016 $2,406 $189,666 $68,626 $121,040
2015 $2,370 $186,820 $67,597 $119,223
2014 $2,360 $183,163 $66,274 $116,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20083137

California Regional Multiple Listing Service (CRMLS)

APN: 147-100-070