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

Sale Details

Date Sold: June 7, 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

  • 17,859 Sq Ft 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

0.41 Acres

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

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
May 9, 2012
Closed on
May 30, 2012
Sold by
Bought by
Seller's Agent
Kent Williams
MARCUS & MILLICHAP
Buyer's Agent
Kent Williams
MARCUS & MILLICHAP
List Price
$435,000
Sold Price
$525,000
Premium/Discount to List
$90,000
20.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0384%
Mortgage Type
Commercial

Purchase Details

Listed on
May 9, 2012
Closed on
Apr 18, 2012
Sold by
Bought by
Seller's Agent
Kent Williams
MARCUS & MILLICHAP
Buyer's Agent
Kent Williams
MARCUS & MILLICHAP
List Price
$435,000
Sold Price
$525,000
Premium/Discount to List
$90,000
20.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0384%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 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
$922,500
Interest Rate
0.0611%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 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
$862,500
Interest Rate
0.0604%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 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
$712,500
Interest Rate
0.0568%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
$525,000 Lawyers Title Sd
$500,000 None Available
$1,230,000 First American Title Company
$1,150,000 First American Title Company
$980,000 First American Title Company
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
Closed $2,000,000
Closed $1,000,000
Closed $427,500
Closed $450,000
Closed $922,500
Closed $862,500
Closed $712,500
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
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

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 $3,692 $329,699 $62,791 $266,908
2023 $3,692 $316,898 $60,353 $256,545
2022 $3,653 $310,685 $59,170 $251,515
2021 $3,582 $304,594 $58,010 $246,584
2020 $3,544 $301,472 $57,416 $244,056
2019 $3,462 $295,562 $56,291 $239,271
2018 $3,304 $289,768 $55,190 $234,578
2017 $3,260 $284,087 $54,108 $229,979
2016 $3,194 $278,518 $53,048 $225,470
2015 $2,761 $241,500 $73,500 $168,000
2014 $3,059 $268,966 $51,232 $217,734
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

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