$436,000
SOLD MAR 11, 2015

5943 Limonite Ave Riverside, CA 92509

7 Beds
4 Baths
3,400 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

1% Below List Price

19 Days on Market

Highlights

  • Dual Staircase
  • Balcony
  • Laundry Room
  • Property is near a park
  • Cooling System Mounted To A Wall/Window
  • 1-minute walk to Veterans Memorial Park Community Center

About This Home

As of August 2018

Great 4plex just outside the rapidly growing downtown Riverside area. Play the immense growth of the area by seeing rental growth in the surrounding
Jurupa Valley region. This 4plex is surrounded by churchs, elementary schools, parks as well as the Robidoux Library. It is the perfect investment property that attracts a family tenant base, where one can get cash on cash return at the sametime as getting equity apprecation. Each unit has its own car-port as well as additional parking and laundry room. Amazing location and amazing price. Call now for details.

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 10/22/2014

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 10/22/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,079

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 3,400 Sq Ft Home
  • Dual Staircase
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 403
  • Assessor Parcel Number 182280008

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Insurance Expense $1,400
  • Trash Expense $2,100
  • Water Sewer Expense $2,200
  • New Taxes Expense $4,829
  • Gross Income $3,750
  • Net Operating Income $38,071

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,079

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2200.00
  • Property Type: Residential Income
  • Parcel Number: 182280008
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 128.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 2100.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 3750.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 38071.00
  • 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: 11129.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4829.00
  • Tax Lot: 26
  • Tax Tract Number: 0403

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
ERNESTO ARELLANO, BROKER
List Price
$649,000
Sold Price
$660,000
Premium/Discount to List
$11,000
1.69%
Current Estimated Value
$1,098,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,667
Avg. Annual Appreciation
7.48%
Original Mortgage
$674,190
Interest Rate
4.5%
Mortgage Type
VA

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:

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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 Type Sale Price Title Company
Grant Deed $660,000 Usa National Title Company
Grant Deed $502,000 Priority Title
Grant Deed $436,000 Priority Title
Grant Deed -- First American Title
Grant Deed $258,500 First American Title Company
Corporate Deed $155,000 Lawyers Title Company
Corporate Deed $200,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $684,653 VA
Closed $681,189 VA
Closed $674,190 VA
Previous Owner $460,825 FHA
Previous Owner $428,229 FHA
Previous Owner $413,600 Commercial
Previous Owner $100,000 Credit Line Revolving
Previous Owner $150,000 Commercial
Previous Owner $105,000 Commercial
Previous Owner $124,000 Seller Take Back
Previous Owner $172,000 Commercial
Previous Owner $125,000 Commercial
Closed $32,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14226251

California Regional Multiple Listing Service (CRMLS)

APN: 182-280-008