NOT LISTED FOR SALE

5720 Corwin Ln Riverside, CA 92503

Arlanza Neighborhood

Estimated Value: $716,990 - $946,000

3 Beds
2 Baths
-- Sq Ft
0.36 Acres

Last Sold March 20, 2014

Last sale price $340,000

Est. 149% increase in value since last sale

Current estimated payment $4,869/month

105 Days on Market

Highlights

  • 0.36 Acre Lot
  • Paved or Partially Paved Lot
  • 4-minute walk to Bryant Park

About This Home

As of March 2014

GREAT INVESTMENT PROPERTY. COMPLETELY LEASED. 3 ONE BEDROOM ONE BATH UNITS AND 1 TWO BEDROOM ONE BATH UNIT. ALL HAVE A ONE CAR GARAGE. CONVENIENTLY LOCATED TO SHOPPING,FWYS, AND COMMUNITY PARK. DO NOT DISTURB TENANTS OR ENTER PROPERTY. CALL FOR INFORMATION.

Last Agent to Sell the Property

COLLEEN HORGAN

COLDWELL BANKER REALTY License #01744762 Listed on: 08/06/2013

COLDWELL BANKER REALTY

Co-Listed By

Shaun Railsback

Tower Agency License #01462946

Last Buyer's Agent

Virginia Olivas

BHHS CA Properties License #01327579

BHHS CA Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 0.36 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 159
  • Tax Tract Number 1
  • Assessor Parcel Number 151172009

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Supplies Expense $564
  • Water Sewer Expense $3,692
  • New Taxes Expense $6,207
  • Gross Income $3,150
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Supplies Expense: 564.00
  • Water Sewer Expenses: 3692.00
  • Property Type: Residential Income
  • Parcel Number: 151172009
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 15682.00
  • Lot Size Acres: 0.3600

Multi Family

  • Gross Income: 3150.00
  • Gross Scheduled Income: 37800.00
  • Lot Size Area: 15682.0000 Square Feet
  • Net Operating Income: 33000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 9899.00
  • Rent Control: No
  • Total Actual Rent: 3150.00

Tax Info

  • New Taxes Expense: 6207.00
  • Tax Lot: 159
  • Tax Tract Number: 1
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2013
Closed on
Mar 7, 2014
Sold by
Vy Sang V
Bought by
Dinh Thoa T
Seller's Agent
COLLEEN HORGAN
COLDWELL BANKER REALTY
Buyer's Agent
Virginia Olivas
BHHS CA Properties
List Price
$370,000
Sold Price
$340,000
Premium/Discount to List
-$30,000
-8.11%
Current Estimated Value
$847,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,768
Avg. Annual Appreciation
8.23%

Purchase Details

Closed on
Oct 30, 2013
Sold by
Dinh Thoa T
Bought by
Arias Joaquin and Gomez Claudia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 15, 2011
Closed on
Feb 9, 2012
Sold by
Vandinh Quang and Dinh Bach Tuyet
Bought by
Dinh Thoa T
Seller's Agent
Manuel Guerrero
Realty One Group Homelink
Buyer's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
List Price
$280,000
Sold Price
$240,000
Premium/Discount to List
-$40,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%

Purchase Details

Listed on
Jan 15, 2011
Closed on
Jan 9, 2012
Sold by
Guerrero Manuel Ameszua
Bought by
Vandinh Quang and Dinh Bach Tuyet
Seller's Agent
Manuel Guerrero
Realty One Group Homelink
Buyer's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
List Price
$280,000
Sold Price
$240,000
Premium/Discount to List
-$40,000
-14.29%

Purchase Details

Closed on
Aug 8, 2005
Sold by
Schmidt Gary Thomas and Schmidt Wendy Barr
Bought by
Guerrero Manuel Amezcua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 9, 2003
Sold by
Schmidt Gary Thomas and Schmidt Wendy Barr
Bought by
Schmidt Gary Thomas and Schmidt Wendy Barr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
5.53%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Dinh Thoa T -- Landwood Title
Arias Joaquin $340,000 Landwood Title
Dinh Thoa T $240,000 None Available
Vandinh Quang $240,000 Fnt Ie
Guerrero Manuel Amezcua $485,000 First American Title Company
Schmidt Gary Thomas -- First American Title Co
Schmidt Gary Thomas -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arias Joaquin $255,000
Previous Owner Guerrero Manuel Amezcua $363,750
Previous Owner Schmidt Gary Thomas $83,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2014 03/20/14 Sold $340,000 -8.1% --
11/19/2013 11/19/13 Pending -- -- --
08/06/2013 08/06/13 For Sale $370,000 +54.2% --
01/20/2012 01/20/12 Sold $240,000 -14.3% -- View Prior Sale
01/09/2012 01/09/12 Pending -- -- --
01/15/2011 01/15/11 For Sale $280,000 -- --
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 $5,129 $416,782 $121,354 $295,428
2023 $5,129 $400,600 $116,643 $283,957
2022 $4,754 $392,746 $114,356 $278,390
2021 $4,680 $385,046 $112,114 $272,932
2020 $4,606 $381,099 $110,965 $270,134
2019 $4,548 $373,628 $108,790 $264,838
2018 $4,486 $366,303 $106,658 $259,645
2017 $4,405 $359,121 $104,567 $254,554
2016 $4,335 $352,080 $102,517 $249,563
2015 $4,270 $346,793 $100,978 $245,815
2014 $3,124 $245,909 $96,314 $149,595
Source: Public Records

Agents Affiliated with this Home

  • COLLEEN HORGAN

    Seller's Agent in 2014

    COLLEEN HORGAN

    COLDWELL BANKER REALTY

    (951) 529-4066

    1 in this area

    180 Total Sales

    COLLEEN HORGAN
    Section Image
  • Shaun Railsback

    Seller Co-Listing Agent in 2014

    Shaun Railsback

    Tower Agency

    (909) 214-5934

    30 Total Sales

    Shaun Railsback
    Section Image
  • Virginia Olivas

    Buyer's Agent in 2014

    Virginia Olivas

    BHHS CA Properties

    (714) 743-9953

    33 Total Sales

    Virginia Olivas
    Section Image

  • M

    Seller's Agent in 2012

    Manuel Guerrero

    Realty One Group Homelink

    Section Image
  • Sean Stanfield

    Buyer's Agent in 2012

    Sean Stanfield

    Pacific Sotheby's Int'l Realty

    (949) 244-9057

    563 Total Sales

    Sean Stanfield
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13157182

California Regional Multiple Listing Service (CRMLS)

APN: 151-172-009

California Riverside County Riverside 92503 Arlanza

5720 Corwin Ln, Riverside, CA

Not Listed for Sale

MultiFamily

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