Seller's Agent in 2012
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
1 in this area
63 Total Sales
5530 Olivewood Ave Riverside, CA 92506
Wood Streets Neighborhood
6
Beds
4
Baths
10,800
Sq Ft
0.66
Acre Lot
Highlights
- Private Pool
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- 0.66 Acre Lot
About This Home
As of July 2012Olivewood Apartments, which is a 12-unit REO / Bank Owned asset. The property is located at 5530 Olivewood Avenue in the city of Riverside, CA. The property has estimated 10,800 rentable square feet and is situated on a 28,750 square feet lot.
The property has one one-bedroom / one-bathroom unit, 10 two-bedroom / one-bathroom units and one three-bedroom/ one-bathroom units. Each unit is individually metered for gas and electric. There is one laundry room and ample parking spaces. In addition, the property has a security entrance and gate.
The city of Riverside is committed to put in over $300 million dollars into re-development of the downtown areas. Projects include new hotels, office buildings, retail shopping centers and senior housing. The Downtown Mission Inn Hotel, the office of the county of Riverside and the city of Riverside employs over 4,000 workers. With the current Downtown re-developments on-going for the next few years have already created an additional 2,500 new jobs in the nearby areas, making the multi-family units very attractive for investors.
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.66
Parking
- 12 Parking Spaces
Home Design
- 10,800 Sq Ft Home
- Frame Construction
- Composition Roof
- Stucco
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Laundry in unit
- Private Pool
- 28,750 Sq Ft Lot
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 6
- Tax Tract Number 2147
- Assessor Parcel Number 219236004
Community Details
Recreation
- Community Pool
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $960
- Insurance Expense $2,000
- Maintenance Expense $3,393
- Professional Management Expense $2,180
- Trash Expense $1,200
- Water Sewer Expense $4,800
- New Taxes Expense $9,856
- Gross Income $9,425
- Net Operating Income $21,926
Additional Features
- 12 Units
- Laundry Facilities
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
Closed on
Aug 23, 2021
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
$1,386,000
Interest Rate
0.029%
Mortgage Type
Construction
Purchase Details
Closed on
Apr 4, 2016
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
$832,000
Interest Rate
0.0371%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 15, 2013
Sold by
Bought by
Purchase Details
Closed on
Mar 13, 2013
Sold by
Bought by
Purchase Details
Listed on
Apr 12, 2012
Closed on
Jun 22, 2012
Sold by
Bought by
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$885,000
Sold Price
$785,000
Premium/Discount to List
-$100,000
-11.3%
Purchase Details
Closed on
Mar 6, 2012
Sold by
Bought by
Purchase Details
Closed on
Sep 29, 2006
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
$900,000
Interest Rate
0.0628%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 9, 2004
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
$825,000
Interest Rate
0.0581%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 27, 2000
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $3,258,000 | Stewart Title Co Glendale | ||
| $1,210,000 | Chicago Title Company | ||
| -- | None Available | ||
| $945,000 | First American Title Insuran | ||
| $785,000 | Ticor Title Company | ||
| $865,617 | Servicelink | ||
| $1,200,000 | Fidelity National Title | ||
| $1,125,000 | First American Title Co | ||
| -- | First American Title Co |
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 |
|---|---|---|---|
| Open | $1,386,000 | ||
| Previous Owner | $832,000 | ||
| Previous Owner | $700,000 | ||
| Previous Owner | $900,000 | ||
| Previous Owner | $825,000 |
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 |
|---|---|---|---|---|
| 07/16/2012 07/16/12 | Sold | $785,000 | -11.3% | $73 / Sq Ft |
| 06/14/2012 06/14/12 | Pending | -- | -- | -- |
| 04/12/2012 04/12/12 | For Sale | $885,000 | -- | $82 / 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 | $22,835 | $2,085,273 | $424,483 | $1,660,790 |
| 2023 | $22,835 | $2,004,300 | $408,000 | $1,596,300 |
| 2022 | $22,488 | $1,980,000 | $400,000 | $1,580,000 |
| 2021 | $15,238 | $1,323,309 | $437,457 | $885,852 |
| 2020 | $15,125 | $1,309,741 | $432,972 | $876,769 |
| 2019 | $14,845 | $1,284,061 | $424,483 | $859,578 |
| 2018 | $14,560 | $1,258,884 | $416,160 | $842,724 |
| 2017 | $14,311 | $1,234,200 | $408,000 | $826,200 |
| 2016 | $10,981 | $983,018 | $312,068 | $670,950 |
| 2015 | $10,824 | $968,255 | $307,382 | $660,873 |
| 2014 | $10,721 | $949,290 | $301,362 | $647,928 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
-
G
Buyer's Agent in 2012
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: C12046470
APN: 219-236-004
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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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