NOT LISTED FOR SALE

Estimated Value: $579,691 - $848,000

8 Beds
4 Baths
2,800 Sq Ft
$249/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $578,000 $206 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,551/month

7 Days on Market

Highlights

  • 0.44 Acre Lot
  • No Heating
  • 1-Story Property
  • No HOA

About This Home

As of April 2021

Great Investment Opportunity in Riverside! This Property has 4 Units: 1/1, 2/1, 2/1 and a 3/1. Each unit is currently rented with long term stable tenants on month to month rental agreements. This property boasts lots of off street parking on a huge lot with room to grow, separate electric meters, a newer roof, an orchard, and a great location near Camp Anza! Close to shopping, schools, and parks. Property being sold in "as is" condition. Buyer's to do their own due diligence. Please do not disturb occupants.

Last Agent to Sell the Property

Jesse Streeter

JESSE STREETER REAL ESTATE License #01411858 Listed on: 12/15/2020

Last Buyer's Agent

Jesse Streeter

JESSE STREETER REAL ESTATE License #01411858 Listed on: 12/15/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,625

Year Built

  • Built in 1945

Lot Details

  • 0.44 Acre Lot
  • Two or More Common Walls

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Utilities

  • No Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, sewer
  • Tax Lot 135
  • Tax Tract Number 41101
  • Assessor Parcel Number 151161007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $510
  • Insurance Expense $125
  • Trash Expense $1,182
  • Water Sewer Expense $1,992
  • New Taxes Expense $5,500
  • Operating Expense $9,449
  • Gross Income $38,370
  • Net Operating Income $32,793

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,625

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Camp Anza
  • Water Sewer Expenses: 1992.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 510.00
  • Parcel Number: 151161007
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 206.43

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: No
  • Electric: Standard
  • Sewer: Public Sewer
  • Trash Expense: 1182.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19166.00
  • Lot Size Acres: 0.4400

Rental Info

  • Tenant Pays: Electricity, Sewer

Multi Family

  • Gross Income: 38370.00
  • Gross Scheduled Income: 38370.00
  • Insurance Expense: 125.00
  • Lot Size Area: 19166.0000 Square Feet
  • Net Operating Income: 32793.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5577.00
  • Rent Control: No
  • Total Actual Rent: 3750.00
  • Total Expenses: 9449.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Lot: 135
  • Tax Tract Number: 041101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2024
Sold by
Jaramillo Bertha Alicia Tapia
Bought by
Pv Legacy Investments Llc
Total Days on Market
7
Current Estimated Value
$697,673

Purchase Details

Listed on
Dec 15, 2020
Closed on
Feb 2, 2021
Sold by
Houstek Properties Ii Llc
Bought by
Jaramillo Bertha A Tapia
Seller's Agent
Jesse Streeter
JESSE STREETER REAL ESTATE
Buyer's Agent
Jesse Streeter
JESSE STREETER REAL ESTATE
List Price
$499,000
Sold Price
$578,000
Premium/Discount to List
$79,000
15.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$346,800
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2015
Sold by
Houstek Bob B and Houstek Severina
Bought by
Houstek Properties Ii Llc

Purchase Details

Closed on
Jul 1, 2005
Sold by
Houstek Bob B
Bought by
Houstek Bob B and Houstek Severina
Source: Public Records

Range of Values:

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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
Pv Legacy Investments Llc -- None Listed On Document
Jaramillo Bertha A Tapia $578,000 First American Title Company
Houstek Properties Ii Llc -- None Available
Houstek Bob B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Houstek Bob B $0
Previous Owner Jaramillo Bertha A Tapia $346,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2021 04/02/21 Sold $578,000 +0.5% $206 / Sq Ft
01/06/2021 01/06/21 Price Changed $575,000 -0.5% $205 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
12/17/2020 12/17/20 Off Market $578,000 -- --
12/15/2020 12/15/20 For Sale $499,000 -- $178 / Sq Ft
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
2023 $7,625 $601,351 $156,060 $445,291
2022 $7,064 $589,560 $153,000 $436,560
2021 $1,821 $139,429 $59,666 $79,763
2020 $1,795 $138,001 $59,055 $78,946
2019 $1,774 $135,297 $57,898 $77,399
2018 $1,751 $132,645 $56,763 $75,882
2017 $1,722 $130,045 $55,650 $74,395
2016 $1,696 $127,496 $54,559 $72,937
2015 $1,668 $125,584 $53,741 $71,843
2014 $1,658 $123,127 $52,690 $70,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20256536

California Regional Multiple Listing Service (CRMLS)

APN: 151-161-007