NOT LISTED FOR SALE

5357 Brockton Ave Riverside, CA 92506

Wood Streets Neighborhood

Estimated Value: $692,000 - $1,169,000

2 Beds
1 Bath
3,300 Sq Ft
$291/Sq Ft Est. Value

Last Sold February 05, 2018

Last sale price $659,000 $200 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,643/month

70 Days on Market

Highlights

  • Laundry Room
  • No Heating
  • 1-Story Property

About This Home

As of February 2018

PHENOMENAL CASH FLOW OPPORTUNITY! 4 UNITS: Fully Renovated Vintage In Downtown Riverside. 100% Turnkey, Highly Desirable Wood Streets Location, Hardwood Floors, New Energy Efficient Windows Upgrades Throughout. Entire electrical completely rewired throughout. All Units are 2 Bedrooms / 1 Bath, Separate Meters. Approx. 900 sq ft each. Tenants can Walk or Bike to local shopping and businesses.

Last Agent to Sell the Property

Ryan Doktorczyk

935 Real Estate License #01440155 Listed on: 11/17/2017

Last Buyer's Agent

HOWARD FRIEDMAN

REALICORE License #01909018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,300 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 979
  • Assessor Parcel Number 217262027

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $2,700
  • Trash Expense $400
  • Water Sewer Expense $800
  • New Taxes Expense $3,900
  • Operating Expense $9,000
  • Gross Income $64,620
  • Net Operating Income $55,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 8.44
  • Property Attached: Yes
  • Water Sewer Expenses: 800.00
  • Zoning: R1065
  • Property Type: Residential Income
  • Parcel Number: 217262027
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 199.70

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10019.00

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 64620.00
  • Gross Scheduled Income: 64620.00
  • Insurance Expense: 2700.00
  • Net Operating Income: 55620.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9000.00
  • Rent Control: No
  • Total Expenses: 9000.00

Tax Info

  • New Taxes Expense: 3900.00
  • Tax Census Tract: 307.00
  • Tax Lot: 7
  • Tax Tract Number: 00979

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2018
Sold by
Subramanian Satish and Balasubramaniam Divya
Bought by
Dbss Brockton Llc
Current Estimated Value
$959,013

Purchase Details

Listed on
Nov 17, 2017
Closed on
Jan 26, 2018
Sold by
Alwin Robert J
Bought by
Subramanian Satish and Balasubramaniam Divya
Seller's Agent
Ryan Doktorczyk
935 Real Estate
Buyer's Agent
HOWARD FRIEDMAN
REALICORE
List Price
$739,000
Sold Price
$659,000
Premium/Discount to List
-$80,000
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%

Purchase Details

Listed on
Aug 9, 2016
Closed on
Sep 2, 2016
Sold by
Alwin Lisa M
Bought by
Alwin Robert J
Seller's Agent
Miles Turner
Tower Agency
Buyer's Agent
Ryan Doktorczyk
935 Real Estate
List Price
$325,000
Sold Price
$340,000
Premium/Discount to List
$15,000
4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.89%

Purchase Details

Closed on
Feb 22, 2012
Sold by
Bruner Caroline P
Bought by
Bruner Caroline P

Purchase Details

Closed on
Jul 21, 2005
Sold by
Peterson Caroline B and Bruner Caroline P
Bought by
Bruner Stanley M and Bruner Caroline P

Purchase Details

Closed on
Jan 6, 1997
Sold by
Peterson David C
Bought by
Peterson David C
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

Date Buyer Sale Price Title Company
Dbss Brockton Llc -- None Available
Subramanian Satish $659,000 First American Title Company
Alwin Robert J -- First American Title
Alwin Robert J $340,000 First American Title
Bruner Caroline P -- None Available
Bruner Caroline P -- None Available
Bruner Stanley M -- --
Peterson David C -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2018 02/05/18 Sold $659,000 0.0% $200 / Sq Ft
01/22/2018 01/22/18 Price Changed $659,000 -13.3% $200 / Sq Ft
01/09/2018 01/09/18 Price Changed $760,000 +2.8% $230 / Sq Ft
11/17/2017 11/17/17 For Sale $739,000 +117.4% $224 / Sq Ft
09/09/2016 09/09/16 Sold $340,000 0.0% $122 / Sq Ft View Prior Sale
08/09/2016 08/09/16 Pending -- -- --
08/08/2016 08/08/16 Off Market $340,000 -- --
07/26/2016 07/26/16 For Sale $325,000 -- $116 / 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 $8,133 $776,124 $85,335 $690,789
2023 $8,133 $720,709 $82,022 $638,687
2022 $7,949 $706,578 $80,414 $626,164
2021 $7,833 $692,725 $78,838 $613,887
2020 $7,774 $685,623 $78,030 $607,593
2019 $7,627 $672,180 $76,500 $595,680
2018 $3,986 $346,800 $81,600 $265,200
2017 $3,916 $340,000 $80,000 $260,000
2016 $1,775 $158,481 $33,074 $125,407
2015 $1,750 $156,102 $32,578 $123,524
2014 $1,733 $153,046 $31,941 $121,105
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ryan Doktorczyk

    935 Real Estate

  • H

    Buyer's Agent in 2018

    HOWARD FRIEDMAN

    REALICORE

    (909) 486-2960

    44 Total Sales

    HOWARD FRIEDMAN
    Section Image
  • Miles Turner

    Seller's Agent in 2016

    Miles Turner

    Tower Agency

    (951) 640-7345

    2 in this area

    155 Total Sales

    Miles Turner
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG17260780

California Regional Multiple Listing Service (CRMLS)

APN: 217-262-027

California Riverside County Riverside 92506 Wood Streets

5357 Brockton Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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