NOT LISTED FOR SALE
5 Beds
4 Baths
-- Sq Ft
0.41 Acres

Last Sold June 07, 2012

Last sale price $525,000

16 Days on Market

About This Home

As of June 2012

This new investment opportunity provides investors the chance to purchase a newer construction property in a well located area of Riverside County. This new listing is a 10-unit apartment complex that was built in 1984. It has two adjacent five-unit buildings/parcels and is composed of two and three bedroom/two bathroom apartments. The property is appointed with amenities such as covered parking, gated access and onsite laundry facilities.

Last Agent to Sell the Property

Kent Williams

MARCUS & MILLICHAP License #00823860 Listed on: 05/09/2012

Last Buyer's Agent

Kent Williams

MARCUS & MILLICHAP License #00823860 Listed on: 05/09/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.41 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • 10 Carport Spaces

Listing and Financial Details

  • Tax Lot 001
  • Tax Tract Number 1
  • Assessor Parcel Number 326232011

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Insurance Expense $2,477
  • Maintenance Expense $600
  • Professional Management Expense $1,800
  • Supplies Expense $100
  • New Taxes Expense $6,900
  • Gross Income $102,900
  • Net Operating Income $8,831

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Professional Management Expense: 1800.00
  • Supplies Expense: 100.00
  • Property Type: Residential Income
  • Parcel Number: 326232011
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Carport Spaces: 10.00
  • Total Parking Spaces: 10.00

Lot Info

  • Lot Size Sq Ft: 17859.00
  • Lot Size Acres: 0.4100

Multi Family

  • Gross Income: 102900.00
  • Gross Scheduled Income: 102900.00
  • Insurance Expense: 2477.00
  • Lot Size Area: 0.4100 Acres
  • Maintenance Expense: 600.00
  • Net Operating Income: 8831.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 31300.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6900.00
  • Tax Lot: 001
  • Tax Tract Number: 0001

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2012 06/07/12 Sold $525,000 +20.7% --
05/25/2012 05/25/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $435,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: C12058924

California Regional Multiple Listing Service (CRMLS)

APN: 326-232-011