NOT LISTED FOR SALE

Estimated Value: $870,000 - $932,000

2 Beds
1 Bath
2,871 Sq Ft
$313/Sq Ft Est. Value

Last Sold August 07, 2013

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

Est. 128% increase in value since last sale

Current estimated payment $5,374/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
Current Estimated Value
$886,248

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
7.23%
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

Range of Values:

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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
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
2025 $5,758 $880,149 $73,543 $806,606
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13116161

California Regional Multiple Listing Service (CRMLS)

APN: 155-313-013