NOT LISTED FOR SALE

Estimated Value: $718,000 - $891,000

2 Beds
2 Baths
3,100 Sq Ft
$257/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $390,000 $126 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $4,647/month

34 Days on Market

Highlights

  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Property is near public transit
  • Living Room
  • Wall Furnace

About This Home

As of May 2015

Great for investing! This 6 unit complex on one of Riverside's most well known streets, is being offered to you as a chance to have great income for the investment you make. There is one triplex that has two 1 bed 1 bath units, and a studio unit. One duplex with two 1 bed & 1 bath units. And one stand alone studio unit. 3 of these units have steady renters. Each unit has backyard space, and lots of parking space. Units have some refurbishing as needed like tile floors throughout for easy maintenance, and fresh paint to maintain rent ability. There are some shared services that is split among the units. Close to public transit, shopping, entertainment, and restaurants. Get more BANG for your buck!

Last Agent to Sell the Property

Brent Bechtel

KELLER WILLIAMS RIVERSIDE CENT License #01781934 Listed on: 03/11/2015

KELLER WILLIAMS RIVERSIDE CENT

Co-Listed By

Alice Bechtel

KELLER WILLIAMS RIVERSIDE CENT License #01729146

Last Buyer's Agent

Nancy Reza

Nancy Graciela Reza License #01792486

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.46 Acre Lot
  • No Common Walls

Property Views

  • Mountain
  • Neighborhood

Interior Spaces

  • 3,100 Sq Ft Home
  • Living Room
  • Tile Flooring

Kitchen

  • Gas Oven
  • Formica Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Underground Utilities

Listing and Financial Details

  • Legal Lot and Block 8 / 3
  • Tax Tract Number 411
  • Assessor Parcel Number 150223012

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,800
  • Fuel Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $4,100
  • Professional Management Expense $1,500
  • Trash Expense $750
  • Water Sewer Expense $2,400
  • New Taxes Expense $4,500
  • Operating Expense $19,250
  • Gross Income $4,000
  • Net Operating Income $37,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Professional Management Expense: 1500.00
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 150223012
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Price Per Square Foot: 125.81
  • Room Type: Living Room

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No

Utilities

  • Utilities: Sewer Connected, Phone Connected, Underground Utilities
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Trash Expense: 750.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 20038.00
  • Lot Size Acres: 0.4600

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 650
  • Average3 Bed Area: 650
  • Average Studio Area: 350
  • Electric Expense: 2800.00
  • Fuel Expense: 1200.00
  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 20038.0000 Square Feet
  • Maintenance Expense: 4100.00
  • Net Operating Income: 37800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 10200.00
  • Rent Control: No
  • Total Expenses: 19250.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Block: 3
  • Tax Lot: 8
  • Tax Tract Number: 411
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2015
Closed on
May 1, 2015
Sold by
Roushanzamir Traci
Bought by
Roushanzamir Ali Alex
Seller's Agent
Brent Bechtel
KELLER WILLIAMS RIVERSIDE CENT
Buyer's Agent
Nancy Reza
Nancy Graciela Reza
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Current Estimated Value
$796,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,537
Avg. Annual Appreciation
6.92%

Purchase Details

Listed on
Mar 11, 2015
Closed on
Apr 20, 2015
Sold by
Roushanzamir Ali Alex
Bought by
Miramontes Elco E
Seller's Agent
Brent Bechtel
KELLER WILLIAMS RIVERSIDE CENT
Buyer's Agent
Nancy Reza
Nancy Graciela Reza
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%

Purchase Details

Closed on
Nov 1, 2010
Sold by
Wells Fargo Bank Na
Bought by
Roushanzamir Ali Alex

Purchase Details

Closed on
Sep 9, 2010
Sold by
Saadhom Saad R and Garcia Lilian
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 14, 2007
Sold by
Garcia Ramiro
Bought by
Saadhom Saad R and Garcia Lilian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2006
Sold by
Garcia Rosaura
Bought by
Garcia Ramiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
7.85%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 1997
Sold by
Mie Nanney Kam
Bought by
Nanney Wong Kam Mie
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
Roushanzamir Ali Alex -- Title365 Company
Miramontes Elco E $390,000 Title365 Company
Roushanzamir Ali Alex $200,000 Servicelink
Wells Fargo Bank Na $195,000 Accommodation
Saadhom Saad R $1,250,000 Fidelity National Title
Garcia Ramiro -- Advantage Title
Nanney Wong Kam Mie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saadhom Saad R $500,000
Previous Owner Garcia Ramiro $392,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2015 05/01/15 Sold $390,000 -2.5% $126 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
03/11/2015 03/11/15 For Sale $400,000 -- $129 / 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 $5,681 $468,711 $192,291 $276,420
2023 $5,681 $450,512 $184,825 $265,687
2022 $5,260 $441,679 $181,201 $260,478
2021 $5,173 $433,020 $177,649 $255,371
2020 $5,091 $428,581 $175,828 $252,753
2019 $5,025 $420,179 $172,381 $247,798
2018 $4,956 $411,941 $169,001 $242,940
2017 $4,865 $403,865 $165,688 $238,177
2016 $4,786 $395,947 $162,440 $233,507
2015 $2,588 $210,000 $84,000 $126,000
2014 -- $209,023 $83,609 $125,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG15050794

California Regional Multiple Listing Service (CRMLS)

APN: 150-223-012