Seller's Agent in 2019
Sean Hwangbo
RE/MAX
(909) 456-3400
38 Total Sales
6366 Neva Place Riverside, CA 92506
Magnolia Center NeighborhoodEstimated Value: $647,849 - $993,000
2
Beds
1
Bath
1,806
Sq Ft
$422/Sq Ft
Est. Value
Highlights
- No HOA
- Central Heating and Cooling System
- 1-Story Property
- Laundry Room
- 2 Car Garage
About This Home
As of April 2019DRIVE BY ONLY. DO NOT DISTURB TENANTS. TEXT/EMAIL LISTING AGENT FOR MORE DETAILS. We are pleased to exclusively present Neva Place Duplex, a single-story multi-family investment opportunity in the city of Riverside, California. Sitting on 6,970 SF lot, the property is neatly positioned in a quiet, treelined residential pocket in the desirable Magnolia Center submarket. Both units are two-bedroom/one-bathroom units and offers individual enclosed garages for each tenant. Upgrades in recent years include: dual pane windows (rear of subject property), newer carpet & window coverings. The property benefits from both its close proximity to the California State Route 91 as well as walking distance access to Riverside Plaza which tenants national entertainment/retailers such as Regal Cinemas, CVS, Vons, and Bank of America to name a few. With little to no comparable multi-family buildings, there is a strong demand and a lack of supply of multi-family units in the immediate area. The future owner has the ability to own a bite sized offering that can achieve significant upside within a relatively short period of time. Rental comparables illustrating potential upside of 23.1%.
Last Agent to Sell the Property
RE/MAX TIME REALTY License #01945497 Listed on: 02/11/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 6,970 Sq Ft Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
Parking
- 2 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Driveway
Home Design
- Property Attached
Interior Spaces
- 1,806 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 41
- Tax Tract Number 2
- Assessor Parcel Number 225272019
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $900
- Maintenance Expense $1,560
- New Taxes Expense $5,117
- Operating Expense $7,577
- Gross Income $31,200
- Net Operating Income $23,623
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 27, 2025
Sold by
Arechiga Rogelio and Arechiga Cleme I
Bought by
Arechiga Family Revocable Trust and Arechiga
Current Estimated Value
Purchase Details
Listed on
Feb 11, 2019
Closed on
Mar 26, 2019
Sold by
Fmtr T Paul
Bought by
Arechiga Rogelio and Arechiga Cleme I
Seller's Agent
Sean Hwangbo
RE/MAX TIME REALTY
Buyer's Agent
Sean Hwangbo
RE/MAX TIME REALTY
List Price
$450,000
Sold Price
$460,500
Premium/Discount to List
$10,500
2.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$345,375
Interest Rate
4.4%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arechiga Family Revocable Trust | -- | None Listed On Document | |
| Arechiga Rogelio | $460,454 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Arechiga Rogelio | $345,375 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2019 04/19/19 | Sold | $460,500 | +2.3% | $255 / Sq Ft |
| 02/11/2019 02/11/19 | For Sale | $450,000 | -- | $249 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,576 | $513,690 | $83,661 | $430,029 |
| 2023 | $5,576 | $493,745 | $80,413 | $413,332 |
| 2022 | $5,449 | $484,065 | $78,837 | $405,228 |
| 2021 | $5,376 | $474,575 | $77,292 | $397,283 |
| 2020 | $5,335 | $469,710 | $76,500 | $393,210 |
| 2019 | $885 | $71,727 | $15,312 | $56,415 |
| 2018 | $869 | $70,321 | $15,013 | $55,308 |
| 2017 | $855 | $68,943 | $14,719 | $54,224 |
| 2016 | $804 | $67,592 | $14,431 | $53,161 |
| 2015 | $792 | $66,578 | $14,215 | $52,363 |
| 2014 | $784 | $65,277 | $13,938 | $51,339 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Hwangbo
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19032438
APN: 225-272-019
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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