NOT LISTED FOR SALE

6020 Crest Ave Riverside, CA 92503

Arlanza Neighborhood
8 Beds
6 Baths
3,498 Sq Ft
0.34 Acres

Last Sold February 15, 2022

Last sale price $1,290,000 $369 Per Sq Ft

15 Days on Market

Highlights

  • 0.34 Acre Lot
  • No HOA
  • Laundry Room

About This Home

As of February 2022

HUGE CORNER LOT 6 UNITS COMPLEX. Approx. 38% Upside in Rent. This 6 units apartment complex is mixed with 1 single house (2 Bed/ 2 Bath) and 5 units (3 units are 1 bed/1 bath and 2 units are 2 bed/1 bath). Approx. 3,498 building sf., 14,810 sf. lot size. Ample parking spaces. Well maintained and managed property.

Last Agent to Sell the Property

Kevin Lee

Coldwell Banker Envision License #01720786 Listed on: 11/01/2021

Coldwell Banker Envision

Last Buyer's Agent

Patrick Swanson

Pat Swanson License #01382974

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall

Home Design

  • 3,498 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 9 / 20
  • Assessor Parcel Number 150120012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $900
  • Insurance Expense $2,280
  • Maintenance Expense $574
  • Trash Expense $1,536
  • Water Sewer Expense $2,364
  • New Taxes Expense $14,512
  • Operating Expense $22,166
  • Gross Income $86,436
  • Net Operating Income $61,677

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 4.78
  • Property Attached: Yes
  • Water Sewer Expenses: 2364.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 150120012
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 368.78

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1536.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14810.00
  • Lot Size Acres: 0.3400
  • Latitude Manual: 33.94312100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 86436.00
  • Gross Multiplier: 14.92
  • Gross Operating Income: 83843.00
  • Gross Scheduled Income: 86436.00
  • Insurance Expense: 2280.00
  • Lot Size Area: 14810.0000 Square Feet
  • Maintenance Expense: 574.00
  • Net Operating Income: 61677.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 6
  • Operating Expense: 22166.00
  • Rent Control: No
  • Total Expenses: 22166.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14512.00
  • Tax Block: 20
  • Tax Census Tract: 411.01
  • Tax Lot: 9

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2022 02/15/22 Sold $1,290,000 0.0% $369 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $1,290,000 +31.9% $369 / Sq Ft
03/23/2021 03/23/21 Sold $978,000 -2.2% $280 / Sq Ft View Prior Sale
01/02/2021 01/02/21 For Sale $999,999 +51.5% $286 / Sq Ft
06/09/2015 06/09/15 Sold $660,000 +1.7% $110 / Sq Ft View Prior Sale
04/09/2015 04/09/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $649,000 -- $108 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin Lee

    Seller's Agent in 2022

    Kevin Lee

    Coldwell Banker Envision

    (626) 975-2521

    2 in this area

    83 Total Sales

    Kevin Lee
    Section Image
  • Patrick Swanson

    Buyer's Agent in 2022

    Patrick Swanson

    Pat Swanson

    (213) 864-2862

    1 in this area

    57 Total Sales

    Patrick Swanson
    Section Image
  • Yiu Kwei

    Seller's Agent in 2021

    Yiu Kwei

    KW Executive

    (626) 512-5822

    1 in this area

    74 Total Sales

    Yiu Kwei
    Section Image
  • Ante Perkov

    Seller's Agent in 2015

    Ante Perkov

    Realion Real Estate

    (310) 378-0126

    21 Total Sales

    Ante Perkov
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21239964

California Regional Multiple Listing Service (CRMLS)

APN: 150-120-012

California Riverside County Riverside 92503 Arlanza

6020 Crest Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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