NOT LISTED FOR SALE

6411 Rathke Dr Riverside, CA 92509

Rubidoux Neighborhood

Estimated Value: $947,964 - $1,113,000

8 Beds
4 Baths
3,200 Sq Ft
$320/Sq Ft Est. Value

Last Sold March 10, 2020

Last sale price $665,000 $208 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,055/month

46 Days on Market

About This Home

As of March 2020

This well-maintained four-plex is a perfect investment opportunity for investors. It is conveniently located near freeways and adjacent to an elementary school. There are two units upstairs, and two units downstairs. Each unit is quite spacious and comes with 2 bedrooms and 1 bathroom. The property comes with dependable long term tenants that always pay on time. Vacancy is low to non-existent for this income property.

Last Agent to Sell the Property

Asia Vo

Asia Vo, Broker License #01924356 Listed on: 12/12/2019

Last Buyer's Agent

Asia Vo

Asia Vo, Broker License #01924356 Listed on: 12/12/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,174 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,200 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 403
  • Assessor Parcel Number 182040020

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $150
  • Trash Expense $50
  • Water Sewer Expense $150
  • Operating Expense $400
  • Gross Income $4,500
  • Net Operating Income $4,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 150.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 182040020
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 207.81

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7174.00
  • Lot Size Acres: 0.1647

Multi Family

  • Gross Income: 4500.00
  • Gross Scheduled Income: 4500.00
  • Insurance Expense: 150.00
  • Lot Size Area: 7174.0000 Square Feet
  • Net Operating Income: 4500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 400.00
  • Rent Control: No
  • Total Expenses: 400.00

Tax Info

  • Tax Area: 028109
  • Tax Census Tract: 403.01
  • Tax Lot: 4
  • Tax Tract Number: 403.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2021
Sold by
Lee Larry Liang and Huang Yanyan
Bought by
Lee Larry Liang and Huang Yanyan
Current Estimated Value
$1,024,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$412,567
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$612,174

Purchase Details

Listed on
Dec 12, 2019
Closed on
Mar 7, 2020
Sold by
Khoa Vannguyen
Bought by
Liang Lee Larry and Liang Yanyan Huang
Seller's Agent
Asia Vo
Asia Vo, Broker
Buyer's Agent
Asia Vo
Asia Vo, Broker
List Price
$679,000
Sold Price
$665,000
Premium/Discount to List
-$14,000
-2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$465,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 12, 2015
Closed on
Mar 15, 2016
Sold by
Estevez Miguel Angel
Bought by
Vannguyen Khoa
Seller's Agent
Cecilia Hernandez
First Union Real Estate
Buyer's Agent
Asia Vo
Asia Vo, Broker
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$337,500
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2001
Sold by
Hud
Bought by
Estevez Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,925
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2001
Sold by
Old Kent Mtg Company
Bought by
Hud

Purchase Details

Closed on
Jan 4, 1999
Sold by
Rosas Alejandro
Bought by
Old Kent Mtg Company

Purchase Details

Closed on
Nov 6, 1997
Sold by
Hvg Holding Group Inc
Bought by
Rosas Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,005
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 1997
Sold by
Guzman Vanesa
Bought by
H V G Holding Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,005
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 16, 1996
Sold by
Guzman Humberto and Guzman Clara
Bought by
Guzman Vanesa

Purchase Details

Closed on
Oct 10, 1995
Sold by
Coast Federal Bank Fsb
Bought by
Guzman Humberto and Guzman Clara

Purchase Details

Closed on
Jun 15, 1995
Sold by
Ahn John Y and Ahn Ramona
Bought by
Coast Federal Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Lee Larry Liang -- Pacific Coast Title Company
Liang Lee Larry $665,000 Fidelity National Title Co
Vannguyen Khoa $495,000 Lawyers Title
Estevez Miguel Angel $156,000 First American Title Co
Hud -- American Title
Old Kent Mtg Company $194,422 Ati Title Company
Rosas Alejandro $190,000 Lawyers Title Company
H V G Holding Group Inc -- --
Guzman Vanesa -- --
Guzman Humberto $35,000 Chicago Title
Coast Federal Bank Fsb $75,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Larry Liang $460,000
Closed Liang Lee Larry $465,500
Previous Owner Vannguyen Khoa $337,500
Previous Owner Estevez Miguel Angel $116,925
Previous Owner Rosas Alejandro $182,005
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2020 03/10/20 Sold $665,000 -2.1% $208 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $679,000 +37.2% $212 / Sq Ft
03/25/2016 03/25/16 Sold $495,000 -5.7% $155 / Sq Ft View Prior Sale
03/10/2016 03/10/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $525,000 -- $164 / 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 $8,233 $727,271 $109,363 $617,908
2023 $8,233 $699,032 $105,117 $593,915
2022 $8,058 $685,326 $103,056 $582,270
2021 $8,025 $671,889 $101,036 $570,853
2020 $6,503 $535,802 $108,242 $427,560
2019 $6,378 $525,297 $106,120 $419,177
2018 $6,178 $536,998 $104,040 $432,958
2017 $6,119 $526,900 $102,000 $424,900
2016 $2,667 $216,656 $56,147 $160,509
2015 $2,634 $213,734 $55,304 $158,430
2014 $2,468 $209,980 $54,222 $155,758
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Asia Vo

    Asia Vo, Broker

    (714) 728-4517

    8 Total Sales

    Asia Vo
    Section Image

  • C

    Seller's Agent in 2016

    Cecilia Hernandez

    First Union Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19280525

California Regional Multiple Listing Service (CRMLS)

APN: 182-040-020

California Riverside County Riverside 92509 Rubidoux

6411 Rathke Dr, Riverside, CA

Not Listed for Sale

MultiFamily

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