Seller's Agent in 2024
Julio Arana Cortes
Realty One Group West
(714) 675-4042
1 in this area
85 Total Sales
575 Prospect Ave Riverside, CA 92507
Highgrove NeighborhoodEstimated Value: $522,000 - $788,000
4
Beds
2
Baths
1,749
Sq Ft
$376/Sq Ft
Est. Value
Highlights
- Mountain View
- Cooling System Mounted To A Wall/Window
- Tile Flooring
- Fireplace
- Laundry Room
- Central Heating
About This Home
As of December 2024This well-maintained Riverside duplex offers a great investment opportunity with two separate units – one featuring 2 bedroom and 1 bath, and the other offering 2 bedrooms and 1 bath. Each unit has its own private backyard, providing plenty of outdoor space. The property includes a long driveway for parking, street parking, and a detached 2-car garage with potential to convert into an ADU for additional income. Centrally located near major freeways and just minutes from UCR, this duplex is ideal for homeowners seeking rental income or investors looking to capitalize on the prime location.
Last Agent to Sell the Property
Realty One Group West Brokerage Email: jarealestateteam@gmail.com License #01950166 Listed on: 10/21/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1942
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Parking
- 2 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,749 Sq Ft Home
- 1-Story Property
- Fireplace
- Mountain Views
- Gas Range
- Laundry Room
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
- Septic Type Unknown
Additional Features
- Fireplace in Patio
- Suburban Location
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 11
- Tax Tract Number 1
- Assessor Parcel Number 247160033
- $143 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $50
- Fuel Expense $50
- Insurance Expense $50
- Trash Expense $20
- Water Sewer Expense $20
- Operating Expense $190
- Gross Income $60,000
- Net Operating Income $56,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2024
Closed on
Dec 26, 2024
Sold by
Godinez Claudia Azamar Aguilar
Bought by
Benitez Jesse Magana
Seller's Agent
Julio Arana Cortes
Realty One Group West
Buyer's Agent
Daniel Fabian Perez
Century 21 Realty Masters
List Price
$675,000
Sold Price
$675,000
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,203
Avg. Annual Appreciation
-2.18%
Original Mortgage
$662,774
Outstanding Balance
$656,354
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$443
Purchase Details
Listed on
Oct 21, 2024
Closed on
Dec 5, 2024
Sold by
Cortes Arturo Arana
Bought by
Benitez Alan Magana and Carranza Analee
Seller's Agent
Julio Arana Cortes
Realty One Group West
Buyer's Agent
Daniel Fabian Perez
Century 21 Realty Masters
List Price
$675,000
Sold Price
$675,000
Views
68
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,774
Outstanding Balance
$656,354
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$443
Purchase Details
Closed on
Nov 10, 2021
Sold by
Sotelo Carina Judith Medina
Bought by
Arana Arturo Cortes
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 27, 2021
Sold by
Nicolas Lorna P
Bought by
Cortes Arturo Arana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.05%
Mortgage Type
Commercial
Purchase Details
Listed on
Jun 21, 2013
Closed on
Aug 8, 2013
Sold by
Viado Luisito M
Bought by
Nicolas Lorna P
Seller's Agent
David Mostamand
Jaz Realty Group
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%
Original Mortgage
$211,105
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Listed on
Jun 21, 2013
Closed on
Jul 9, 2013
Sold by
Ambriz Baltazar and Mendez Alejandrina
Bought by
Nicolas Lorna P
Seller's Agent
David Mostamand
Jaz Realty Group
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,105
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 22, 2013
Sold by
Ambriz Baltazar
Bought by
Ambriz Baltazar and Mendez Alejandrina
Purchase Details
Closed on
Nov 8, 2011
Sold by
Mendez Alejandrina
Bought by
Ambriz Baltazar
Purchase Details
Closed on
Apr 23, 2004
Sold by
Ambriz Guillermo
Bought by
Mendez Alejandrina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
5.35%
Mortgage Type
Commercial
Purchase Details
Closed on
May 7, 1997
Sold by
Sellers Bonnie M
Bought by
Mendez Alejandrina and Ambriz Guillermo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.15%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 25, 1996
Sold by
Seller Bonnie M
Bought by
Sellers Bonnie M and Morris Joan
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Benitez Jesse Magana | -- | First American Title | |
| Benitez Jesse Magana | -- | First American Title | |
| Benitez Alan Magana | $337,500 | First American Title | |
| Benitez Alan Magana | $337,500 | First American Title | |
| Arana Arturo Cortes | -- | First Amer Ttl Co Res Div | |
| Cortes Arturo Arana | $420,000 | First American Title Company | |
| Nicolas Lorna P | -- | Ticor Title Riverside | |
| Nicolas Lorna P | $215,000 | Ticor Title Riverside | |
| Ambriz Baltazar | -- | None Available | |
| Ambriz Baltazar | -- | None Available | |
| Mendez Alejandrina | -- | Southland Title Company O C | |
| Mendez Alejandrina | $90,000 | First American Title Ins Co | |
| Flynn Laurie E | -- | First American Title Ins Co | |
| Sellers Bonnie M | -- | First American Title Ins Co | |
| Sellers Bonnie M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Benitez Alan Magana | $662,774 | |
| Closed | Benitez Alan Magana | $662,774 | |
| Previous Owner | Arana Arturo Cortes | $315,000 | |
| Previous Owner | Cortes Arturo Arana | $315,000 | |
| Previous Owner | Nicolas Lorna P | $211,105 | |
| Previous Owner | Mendez Alejandrina | $78,000 | |
| Previous Owner | Mendez Alejandrina | $72,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $675,000 | 0.0% | $386 / Sq Ft | |
| 11/22/2024 11/22/24 | Pending | -- | -- | -- | |
| 11/22/2024 11/22/24 | For Sale | $675,000 | 0.0% | $386 / Sq Ft | |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- | |
| 10/21/2024 10/21/24 | For Sale | $675,000 | +214.0% | $386 / Sq Ft | |
| 08/14/2013 08/14/13 | Sold | $215,000 | 0.0% | $133 / Sq Ft | View Prior Sale |
| 07/10/2013 07/10/13 | Pending | -- | -- | -- | |
| 06/28/2013 06/28/13 | Price Changed | $215,000 | -4.4% | $133 / Sq Ft | |
| 06/21/2013 06/21/13 | For Sale | $225,000 | 0.0% | $139 / Sq Ft | |
| 06/14/2013 06/14/13 | Pending | -- | -- | -- | |
| 05/24/2013 05/24/13 | For Sale | $225,000 | -- | $139 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $4,925 | $675,000 | $202,502 | $472,498 |
| 2023 | $4,925 | $428,400 | $102,000 | $326,400 |
| 2022 | $4,796 | $420,000 | $100,000 | $320,000 |
| 2021 | $2,843 | $243,481 | $45,296 | $198,185 |
| 2020 | $2,822 | $240,985 | $44,832 | $196,153 |
| 2019 | $2,771 | $236,260 | $43,953 | $192,307 |
| 2018 | $2,718 | $231,629 | $43,092 | $188,537 |
| 2017 | $2,671 | $227,089 | $42,248 | $184,841 |
| 2016 | $2,505 | $222,637 | $41,420 | $181,217 |
| 2015 | $2,472 | $219,295 | $40,799 | $178,496 |
| 2014 | $2,450 | $215,000 | $40,000 | $175,000 |
Source: Public Records
Agents Affiliated with this Home
-
Julio Arana Cortes
-
Daniel Fabian Perez
D
Buyer's Agent in 2024
Daniel Fabian Perez
Century 21 Realty Masters
(562) 677-1800
1 in this area
26 Total Sales
-
David Mostamand
D
Seller's Agent in 2013
David Mostamand
Jaz Realty Group
(951) 732-7099
6 Total Sales
-
G
Buyer's Agent in 2013
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24218337
APN: 247-160-033
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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