NOT LISTED FOR SALE

Estimated Value: $783,000 - $993,000

2 Beds
1 Bath
2,871 Sq Ft
$314/Sq Ft Est. Value

Last Sold August 07, 2013

Last sale price $389,000 $135 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $5,518/month

4 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of August 2013

Excellent opportunity to own these 3 unit complex. Owner has keep them up in great shape. All units rented with paying tenants. Property is in a centrally located area of Riverside close to Mall, shopping stores, schools and parks. Each unit is 2 bedroom and one bath with tiled flooring in common areas and updated kitchens. Excellent opportunity for cash flow or owner occupied and have the other tenants pay the mortgage. Each unit has its own back yard with patio. Individual 1 car garage for each unit and lots of parking space. Do not disturb tenants. Drive by only for now.

Last Agent to Sell the Property

Andres Lopez

Martin Cazarez, Broker License #01144788 Listed on: 06/22/2013

Last Buyer's Agent

Andres Lopez

Martin Cazarez, Broker License #01144788 Listed on: 06/22/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,758

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 0.33 Acre Lot
  • 1 Common Wall
  • Fence is in average condition
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,871 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5002
  • Assessor Parcel Number 155313013

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Insurance Expense $1,100
  • Trash Expense $1,080
  • Water Sewer Expense $1,800
  • New Taxes Expense $4,000
  • Gross Income $3,300
  • Net Operating Income $35,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,758

Year Built

Built in 1976 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: 951-660-9851
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1800.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 155313013
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 135.49
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Community
  • Trash Expense: 1080.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 14375.00
  • Lot Size Acres: 0.3300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 900
  • Electric Expense: 240.00
  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 14375.0000 Square Feet
  • Net Operating Income: 35000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Actual Rent: 3300.00
  • Vacancy Allowance: 2200

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Area: 9-010
  • Taxes Percent: 1.25
  • Tax Lot: 5
  • Tax Tract Number: 5002
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2025
Sold by
Mendoza-Machuca Cynthia A
Bought by
Gerald R Machuca And Cynthia A Mendoza-Machuc and Mendoza-Machuca
Total Days on Market
4
Current Estimated Value
$900,900

Purchase Details

Listed on
Jun 22, 2013
Closed on
Jun 24, 2013
Sold by
Velazquez Gustavo and Velazquez Socorro
Bought by
Machuca Gerald Richard and Mendoza Machuca Cynthia
Seller's Agent
Andres Lopez
Martin Cazarez, Broker
Buyer's Agent
Andres Lopez
Martin Cazarez, Broker
List Price
$389,000
Sold Price
$389,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$281,250
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2003
Sold by
Ogbeide Benard Osarobo A
Bought by
Velasquez Gustavo and Velasquez Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
5.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2001
Sold by
Thompson Neforia and Thompson Wyvorn
Bought by
Ogbeide Benard Osarobo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,846
Interest Rate
7.15%
Mortgage Type
FHA
Source: Public Records

Similar Homes in Riverside, CA

  • 8876 Cypress Ave, Riverside, CA 92503

    $800,000

    • 4 Beds
    • 3 Baths
    • 1,886 Sq Ft
    • 8876 Cypress Ave
    • Riverside, CA

    Step into a world of opportunity with this fantastic triplex in the vibrant heart of Riverside, CA! Imagine the charm of cozy units with functional living spaces, practical kitchens, and sunlit rooms – all waiting for your personal touch. With convenient on-site parking and a delightful common outdoor area, this property is perfect for relaxation and entertaining. Located just moments from

    METIN ORUC FINKOY, INC.

    Section Image
  • 5787 Warren St, Riverside, CA 92503

    $965,000

    • 5 Beds
    • 4 Baths
    • 1,890 Sq Ft
    • 5787 Warren St
    • Riverside, CA

    A must see move-in 3 unit property in one lot! Live in one and rent the other 2 for extra income. Property includes: Front house; 2 bedrooms, 2 baths with tile flooring and has its own private yard, own laundry access, separate electric and gas meter. 2nd unit is a 1 bedroom, 1 bath, has it's own laundry area and small yard. 3rd unit is a separate house in the back, 2 bedrooms, 1 bath, has its

    Martin Cueva Advance Realty

    Section Image
  • 5214 Golden Ave, Riverside, CA 92505

    $1,100,000

    • 7 Beds
    • 4 Baths
    • 3,282 Sq Ft
    • 5214 Golden Ave
    • Riverside, CA

    Amazing Investor opportunity! The property currently has 3 units with potential to build a 4th unit or ADU up to 1200 Sq Ft. The lot is all flat and usable with a driveway that runs along the left side of the property from the street straight through to the back of the property. This is perfect for access to all the units with no wasted space. The front unit is roughly 1770 square feet, 3

    Helaine Campbell AMS Real Estate Services

    Section Image
  • 5214 Golden Ave, Riverside, CA 92505

    $1,100,000

    • 8 Beds
    • 4 Baths
    • 3,282 Sq Ft
    • 5214 Golden Ave
    • Riverside, CA

    Amazing Investor opportunity! The property currently has 3 units with potential to build a 4th unit or ADU up to 1200 Sq Ft. The lot is all flat and usable with a driveway that runs along the left side of the property from the street straight through to the back of the property. This is perfect for access to all the units with no wasted space. The front unit is roughly 1770 square feet, 3

    Helaine Campbell AMS Real Estate Services

    Section Image
  • 7457 Mount Vernon St, Riverside, CA 92504

    $719,000

    • 4 Beds
    • 2 Baths
    • 1,805 Sq Ft
    • 7457 Mount Vernon St
    • Riverside, CA

    Charming income producing Duplex for sale in the heart of Riverside! This property hosts 2 two bedroom one bath units. Each unit has it's own electric and gas meter and one car garage. The property has been well maintained and there is no deferred maintenance. It is a perfect opportunity to live in one unit and rent out the other, or maintain it as an income producing property with tenants in

    Ruth Bridge DePrez and Son, Inc

    Section Image
  • 4603 Jurupa Ave, Riverside, CA 92506

    $929,000

    • 6 Beds
    • 3 Baths
    • 2,088 Sq Ft
    • 4603 Jurupa Ave
    • Riverside, CA

    Perfect for Investors and Owner residents, available for sale are three bungalow style apartment homes situated on an oversized lot, located in the Historic Wood's Street suburb of Riverside, CA. Recently modernized, the exterior has received new automated garage door as well as newer dual paned windows. Interiors have also received upgrades with new floors, appliances, and bathroom vanities.

    Aurora Gim Expert Real Estate & Investment

    Section Image
  • 6916 36th St, Riverside, CA 92509

    $760,000

    • 5 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 6916 36th St
    • Riverside, CA

    Fantastic Investment Opportunity in Jurupa Valley! This beautifully updated duplex offers two separate homes on one lot, each with their own private entrances, mailboxes, and storage units. The front unit was completely rebuilt in 2020, featuring a good roof, new flooring, a stove included, and a dedicated storage space. The rear unit was rebuilt in 2023, new roof, new flooring, and central A/C

    JOSE LOPEZ Seekvend Realty

    Section Image
  • 4250 10th St, Riverside, CA 92501

    $950,000

    • 5 Beds
    • 4 Baths
    • 2,210 Sq Ft
    • 4250 10th St
    • Riverside, CA

    Just listed and ideally located just minutes from Downtown Riverside, this well-maintained four-unit multifamily property offers investors immediate cash-flow with a strong **7.17% CAP Rate** and a **10.75 GRM**. The building features an ideal and versatile unit mix, including one 2-Bedroom/1-Bath two-story Townhouse, one 2-Bedroom/1-Bath flat, one 1-Bedroom/1-Bath unit, and a Studio

    Kristopher German RE/MAX 2000 REALTY

    Section Image
  • 4228 10th St, Riverside, CA 92501

    $995,000

    • 6 Beds
    • 4 Baths
    • 2,600 Sq Ft
    • 4228 10th St
    • Riverside, CA

    Now available, a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and

    Kristopher German RE/MAX 2000 REALTY

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gerald R Machuca And Cynthia A Mendoza-Machuc -- None Listed On Document
Machuca Gerald Richard $389,000 Equity Title Orange County-I
Velasquez Gustavo $690,000 North American Title Co
Ogbeide Benard Osarobo A $242,727 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Machuca Gerald Richard $281,250
Previous Owner Velasquez Gustavo $101,500
Previous Owner Ogbeide Benard Osarobo A $232,846
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2013 08/07/13 Sold $389,000 0.0% $135 / Sq Ft
06/21/2013 06/21/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $389,000 -- $135 / 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
2023 $5,758 $458,332 $70,688 $387,644
2022 $5,330 $449,346 $69,302 $380,044
2021 $5,242 $440,537 $67,944 $372,593
2020 $5,158 $436,021 $67,248 $368,773
2019 $5,091 $427,473 $65,930 $361,543
2018 $5,020 $419,092 $64,639 $354,453
2017 $4,928 $410,875 $63,372 $347,503
2016 $4,847 $402,820 $62,130 $340,690
2015 $4,777 $396,771 $61,198 $335,573
2014 $4,762 $389,000 $60,000 $329,000
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13116161

California Regional Multiple Listing Service (CRMLS)

APN: 155-313-013