NOT LISTED FOR SALE

6665 Geranium Place Riverside, CA 92503

Arlanza Neighborhood

Estimated Value: $562,048 - $907,000

4 Beds
2 Baths
1,812 Sq Ft
$369/Sq Ft Est. Value

Last Sold August 11, 2016

Last sale price $325,000 $179 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,885/month

9 Days on Market

About This Home

As of August 2016

Great opportunity to invest in yourself by buying this duplex, live in one and rent the other. Two unit complex, each unit includes, two bedrooms, one bath with a one car garage each. Property is conveniently located by the intersection of Arlington and Van Buren in Riverside.

Last Agent to Sell the Property

Rudy Cantoran

KW The Lakes License #01472036 Listed on: 06/20/2016

KW The Lakes

Last Buyer's Agent

Jo-Ann Appleby

Appleby Realty License #01721617

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Interior Spaces

  • 1,812 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 9
  • Tax Tract Number 5002
  • Assessor Parcel Number 155311009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Water Sewer Expense $600
  • New Taxes Expense $4,000
  • Gross Income $21,600
  • Net Operating Income $5,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 155311009
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 179.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8712.00
  • Price Per Lot Square Foot: 37.30

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 21600.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 700.00
  • Net Operating Income: 5300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5300.00
  • Rent Control: No
  • Total Actual Rent: 1800.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Lot: 9
  • Tax Tract Number: 5002-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2016
Closed on
Jul 8, 2016
Sold by
Vasquez Norma and Vasquez Oscar
Bought by
The Jimmy Phai Chu & Lang Du Chau Family
Seller's Agent
Rudy Cantoran
KW The Lakes
Buyer's Agent
Jo-Ann Appleby
Appleby Realty
List Price
$319,900
Sold Price
$325,000
Premium/Discount to List
$5,100
1.59%
Current Estimated Value
$668,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,762
Avg. Annual Appreciation
7.99%

Purchase Details

Closed on
Oct 6, 2006
Sold by
Vasquez Norma and Mares Hector
Bought by
Vasquez Oscar and Vasquez Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 1999
Sold by
Kasser John M and Kasser Betty L
Bought by
Serna Norma and Mares Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,605
Interest Rate
7.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
The Jimmy Phai Chu & Lang Du Chau Family $325,000 Lawyers Title
Vasquez Oscar -- First American Title Ins Co
Serna Norma $134,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vasquez Oscar $416,000
Previous Owner Serna Norma $133,605
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2016 08/11/16 Sold $325,000 +1.6% $179 / Sq Ft
06/29/2016 06/29/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $319,900 -- $177 / 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 $4,572 $377,184 $75,435 $301,749
2023 $4,572 $362,539 $72,506 $290,033
2022 $4,233 $355,432 $71,085 $284,347
2021 $4,166 $348,464 $69,692 $278,772
2020 $4,100 $344,892 $68,978 $275,914
2019 $4,047 $338,130 $67,626 $270,504
2018 $3,992 $331,500 $66,300 $265,200
2017 $3,918 $325,000 $65,000 $260,000
2016 $2,156 $174,607 $45,432 $129,175
2015 $2,125 $171,986 $44,750 $127,236
2014 $2,117 $168,619 $43,874 $124,745
Source: Public Records

Agents Affiliated with this Home

  • Rudy Cantoran

    Seller's Agent in 2016

    Rudy Cantoran

    KW The Lakes

    (310) 701-3053

    72 Total Sales

    Rudy Cantoran
    Section Image
  • Jo-Ann Appleby

    Buyer's Agent in 2016

    Jo-Ann Appleby

    Appleby Realty

    (951) 283-7373

    37 Total Sales

    Jo-Ann Appleby
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16134065

California Regional Multiple Listing Service (CRMLS)

APN: 155-311-009

California Riverside County Riverside 92503 Arlanza

6665 Geranium Place, Riverside, CA

Not Listed for Sale

MultiFamily

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