NOT LISTED FOR SALE

5943 Limonite Ave Riverside, CA 92509

Rubidoux Neighborhood

Estimated Value: $1,014,000 - $1,135,000

7 Beds
4 Baths
3,510 Sq Ft
$310/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $660,000 $188 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,355/month

9 Days on Market

Highlights

  • Community Stables
  • Rectangular Lot
  • 1-minute walk to Veterans Memorial Park Community Center
  • Laundry Room

About This Home

As of August 2018

Great 2 Story, 4 Unit Apartment Building in Jurupa Valley. Next to the Rubidoux Commmunity Service. 5 Covered Parking Spots with Storage Spaces for Each tenant. Also 4 uncovered parking Spots. On Site Laundry Facility. Automatic Drip Irrigation system, 3 Units of the 4 have been fully renovated. Unit Mix: 3/1, 2/1, 1/1, 1/1.

Last Agent to Sell the Property

Efren Hernandez

Pacifico Realty Inc. License #01347697 Listed on: 05/29/2018

Last Buyer's Agent

ERNESTO ARELLANO

Residence Capital Lending License #01384444

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Drip System Landscaping
  • Density is up to 1 Unit/Acre

Home Design

  • 3,510 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 9 Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Gas Range
  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 182 / 28
  • Tax Tract Number 8
  • Assessor Parcel Number 182280008

Community Details

Overview

  • 4 Units
  • Valley

Amenities

  • Laundry Facilities

Recreation

  • Community Stables
  • Horse Trails

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $420
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $4,800
  • Operating Expense $7,920
  • Gross Income $54,840
  • Net Operating Income $48,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 182280008
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 188.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Horse Trails, Stable(s), Storm Drains, Street Lights, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot, Sprinklers Drip System
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Average3 Bed Area: 1110 Square Feet
  • Electric Expense: 420.00
  • Gross Income: 54840.00
  • Gross Scheduled Income: 54840.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 48240.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6600.00
  • Rent Control: No
  • Total Expenses: 7920.00

Tax Info

  • Tax Block: 28
  • Tax Census Tract: 403.01
  • Tax Lot: 182
  • Tax Tract Number: 008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 2, 2018
Sold by
Hernandez Efren
Bought by
Perez Daniel G
Seller's Agent
Efren Hernandez
Pacifico Realty Inc.
Buyer's Agent
ERNESTO ARELLANO
Residence Capital Lending
List Price
$649,000
Sold Price
$660,000
Premium/Discount to List
$11,000
1.69%
Current Estimated Value
$1,087,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,667
Avg. Annual Appreciation
6.96%
Original Mortgage
$674,190
Outstanding Balance
$585,507
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$502,160

Purchase Details

Listed on
Aug 17, 2016
Closed on
May 27, 2017
Sold by
Merchant Anand Paresh
Bought by
Hernandez Efren
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Efren Hernandez
Pacifico Realty Inc.
List Price
$529,000
Sold Price
$502,000
Premium/Discount to List
-$27,000
-5.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.86%
Original Mortgage
$460,825
Interest Rate
4.03%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 2014
Sold by
Uhl Anthony
Bought by
Merchant Anand Paresh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,229
Interest Rate
3.61%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2013
Sold by
Cea Elizabeth
Bought by
Uhl Anthony

Purchase Details

Closed on
Jan 15, 2008
Sold by
Estevez Miguel A
Bought by
Cea Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,600
Interest Rate
5.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 12, 2000
Sold by
Downey S & L Association Fa
Bought by
Estevez Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 26, 1999
Sold by
Panacea Investments
Bought by
Navarrette Bogier E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
5.55%
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
Perez Daniel G $660,000 Usa National Title Company
Hernandez Efren $502,000 Priority Title
Merchant Anand Paresh $436,000 Priority Title
Uhl Anthony -- First American Title
Cea Elizabeth $258,500 First American Title Company
Estevez Miguel A $155,000 Lawyers Title Company
Navarrette Bogier E $200,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Daniel G $674,190
Previous Owner Hernandez Efren $460,825
Previous Owner Merchant Anand Paresh $428,229
Previous Owner Cea Elizabeth $413,600
Previous Owner Estevez Miguel A $124,000
Previous Owner Navarrette Bogier E $172,000
Closed Navarrette Bogier E $32,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/08/2018 08/08/18 Sold $660,000 +1.7% $188 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $649,000 +29.3% $185 / Sq Ft
06/14/2017 06/14/17 Sold $502,000 -5.1% $148 / Sq Ft View Prior Sale
06/05/2017 06/05/17 Price Changed $529,000 0.0% $156 / Sq Ft
04/01/2017 04/01/17 Pending -- -- --
12/27/2016 12/27/16 For Sale $529,000 +5.4% $156 / Sq Ft
12/17/2016 12/17/16 Off Market $502,000 -- --
08/17/2016 08/17/16 For Sale $529,000 +21.3% $156 / Sq Ft
03/11/2015 03/11/15 Sold $436,000 -0.7% $128 / Sq Ft View Prior Sale
11/10/2014 11/10/14 Pending -- -- --
10/22/2014 10/22/14 For Sale $439,000 +17.1% $129 / Sq Ft
05/15/2013 05/15/13 Sold $375,000 0.0% $43 / Sq Ft View Prior Sale
01/09/2013 01/09/13 Pending -- -- --
06/06/2012 06/06/12 For Sale $375,000 -- $43 / 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
2025 $8,079 $736,236 $233,140 $503,096
2023 $8,079 $707,649 $224,088 $483,561
2022 $7,896 $693,775 $219,695 $474,080
2021 $7,859 $680,173 $215,388 $464,785
2020 $7,784 $673,200 $213,180 $460,020
2019 $7,628 $660,000 $209,000 $451,000
2018 $5,890 $513,040 $204,000 $309,040
2017 $5,265 $452,501 $198,826 $253,675
2016 $5,192 $443,649 $194,928 $248,721
2015 $4,371 $370,232 $79,558 $290,674
2014 $4,080 $363,000 $78,000 $285,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Efren Hernandez

    Pacifico Realty Inc.

    Section Image

  • E

    Buyer's Agent in 2018

    ERNESTO ARELLANO

    Residence Capital Lending

    (866) 542-1237

    6 Total Sales

    ERNESTO ARELLANO
    Section Image
  • Prashant Sampat

    Seller's Agent in 2017

    Prashant Sampat

    Pacific Avenue Realty

    (562) 841-0227

    219 Total Sales

    Prashant Sampat
    Section Image

  • N

    Seller's Agent in 2013

    Nancy Cea

    Mission Hills R.E & Inv.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18107437

California Regional Multiple Listing Service (CRMLS)

APN: 182-280-008

California Riverside County Riverside 92509 Rubidoux

5943 Limonite Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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