Nicole Jones
HOMESMART, EVERGREEN REALTY
(909) 443-1851
170 Total Sales
5 in Magnolia Center
$540K - $599K Price Range
7422 Potomac St Riverside, CA 92504
Magnolia Center NeighborhoodEstimated Value: $634,572 - $721,000
4
Beds
2
Baths
1,647
Sq Ft
$410/Sq Ft
Est. Value
Highlights
- Laundry Facilities
- No Heating
- 1-Story Property
About This Home
As of December 2020Whether you're looking for a property to raise a family or generate cashflow this property checks all the boxes. This duplex has solid real estate fundamentals. It has an ideal unit mix of (2) 2 bed 1 bath units with a garage. Rents are significantly below market giving the new owner the opportunity to add value to the asset. The property is centrally located in the heart of Riverside. It's close to schools, parks, the Riverside Plaza, and the Tyler Mall. These opportunities rarely come to market. Don't let this one slip away! DO NOT DISTURB THE TENANTS AS THEY ARE UNAWARE OF THE SALE. DRIVE BY ONLY. Call listing agent with any questions.
Last Agent to Sell the Property
Realty ONE Group West License #01982554 Listed on: 10/23/2020
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Duplex
- Composition Roof
Interior Spaces
- 1,647 Sq Ft Home
- 1-Story Property
- Washer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for all utilities, gas, trash collection
- Tax Lot 29
- Assessor Parcel Number 230122009
Community Details
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $850
- Professional Management Expense $840
- Water Sewer Expense $960
- New Taxes Expense $5,418
- Operating Expense $8,068
- Gross Income $25,200
- Net Operating Income $22,250
Additional Features
- 2 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 10, 2023
Sold by
Grand Rental Property Llc
Bought by
Current Estimated Value
Purchase Details
Listed on
Oct 23, 2020
Closed on
Jan 14, 2021
Sold by
Tang Sopheap
Bought by
Grand Rental Property Llc
Seller's Agent
Steven Casillas
Realty ONE Group West
Buyer's Agent
Raj Sharma
HomeSmart Realty Group
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
Original Mortgage
$360,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 23, 2020
Closed on
Nov 16, 2020
Sold by
Gordon Lyons Sydney Jynx and The Loni M Gordon 2015 Living
Bought by
Tang Sopheap
Seller's Agent
Steven Casillas
Realty ONE Group West
Buyer's Agent
Raj Sharma
HomeSmart Realty Group
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 25, 2015
Sold by
Gordon Loni M
Bought by
Gordon Loni M and Loni M Gordon 2015 Living Trust
Purchase Details
Closed on
Sep 18, 2001
Sold by
Gordon Eugenia M and Gordon Loni M
Bought by
Gordon Loni M
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Magnolia Center, CA
-
Nicole Jones
-
SUSAN BENSON
SUSAN BENSON
Responds QuicklyHOMESMART, EVERGREEN REALTY
(951) 307-1620
29 Total Sales
1 in Magnolia Center
$540,000 Price
-
Michael Barragan
Michael Barragan
AMERIPRIDE PROPERTIES
(909) 442-1231
43 Total Sales
1 in Magnolia Center
$585,000 Price
-
Tammi Schilling-Garland
Tammi Schilling-Garland
Century 21 Garland
(657) 332-2767
41 Total Sales
1 in Magnolia Center
$410,000 Price
-
Edward Mazmanian
Edward Mazmanian
Re/Max Partners
(951) 476-2534
72 Total Sales
5 in Magnolia Center
$530K - $885K Price Range
-
Erick Guzman
Erick Guzman
RE/MAX TOP PRODUCERS
(626) 261-7921
60 Total Sales
2 in Magnolia Center
$595,500 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| Grand Rental Property Llc | -- | First American Title Company | |
| Tang Sopheap | $480,000 | Wfg National Title Company | |
| Gordon Loni M | -- | None Available | |
| Gordon Loni M | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $360,000 | ||
| Previous Owner | Gordon Loni M | $30,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/07/2020 12/07/20 | Sold | $480,000 | +1.1% | $291 / Sq Ft |
| 10/23/2020 10/23/20 | For Sale | $475,000 | 0.0% | $288 / Sq Ft |
| 12/31/2013 12/31/13 | Rented | $845 | 0.0% | -- |
| 12/31/2013 12/31/13 | For Rent | $845 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $5,854 | $529,954 | $132,487 | $397,467 |
| 2025 | $5,663 | $519,564 | $129,890 | $389,674 |
| 2023 | $5,663 | $499,392 | $124,848 | $374,544 |
| 2022 | $5,535 | $489,600 | $122,400 | $367,200 |
| 2021 | $5,460 | $480,000 | $75,001 | $404,999 |
| 2020 | $805 | $62,398 | $17,075 | $45,323 |
| 2019 | $791 | $61,176 | $16,741 | $44,435 |
| 2018 | $777 | $59,977 | $16,413 | $43,564 |
| 2017 | $765 | $58,802 | $16,092 | $42,710 |
| 2016 | $722 | $57,650 | $15,777 | $41,873 |
| 2015 | $711 | $56,786 | $15,541 | $41,245 |
| 2014 | -- | $55,676 | $15,238 | $40,438 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Casillas
Seller's Agent in 2020
Steven Casillas
Realty ONE Group West
(951) 977-3421
3 in this area
41 Total Sales
-
Raj Sharma
RS
Buyer's Agent in 2020
Raj Sharma
HomeSmart Realty Group
(562) 912-7770
20 Total Sales
-
SS
Seller's Agent in 2014
Stacy Skerbelis
TOWER REALTY
-
RM
Seller Co-Listing Agent in 2014
ROCHELLE MENDEZ
TOWER REALTY
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG20223372
APN: 230-122-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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