NOT LISTED FOR SALE

7429 Potomac St Riverside, CA 92504

Magnolia Center Neighborhood
3 Beds
2 Baths
2,600 Sq Ft
7,705 Sq Ft Lot

Last Sold June 12, 2014

Last sale price $440,000 $169 Per Sq Ft

80 Days on Market

Highlights

  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Wood Siding

About This Home

As of June 2014

Nice maintained units with improvements and upgrades with no vacancies. Fully leased and need to respect tenants privacy. Each unit has enclosed garage. Each unit has separate patio area except 2bd. There is an enclosed laundry room for the units. Each unit has separate electric and gas meters. Each unit has two wall air conditioners. The units are spacious and have open beamed ceilings. Close to shopping and freeway.

Last Agent to Sell the Property

ROB MATCHETT

MATCH-IT REALTY License #00977390 Listed on: 01/20/2014

Last Buyer's Agent

ROB MATCHETT

MATCH-IT REALTY License #00977390 Listed on: 01/20/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,705 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,600 Sq Ft Home
  • Contemporary Architecture
  • Property Attached
  • Asphalt Roof
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Gas Oven
  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 13
  • Tax Tract Number 314
  • Assessor Parcel Number 230121008

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Built by George Washington

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $720
  • Insurance Expense $1,200
  • Trash Expense $444
  • Water Sewer Expense $1,140
  • New Taxes Expense $1
  • Gross Income $2,725
  • Net Operating Income $29,480

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 1140.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 230121008
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 169.23

Exterior Features

  • Fencing: Chain Link
  • Builder Name: George Washington
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 444.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7705.00
  • Lot Size Acres: 0.1770

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 2725.00
  • Gross Scheduled Income: 33300.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7705.0000 Square Feet
  • Net Operating Income: 29480.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Refrigerator: 1
  • Operating Expense: 319.00
  • Rent Control: No
  • Total Actual Rent: 2725.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 13
  • Tax Tract Number: 314
  • Tax Year: 2012

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2014 06/12/14 Sold $440,000 -10.2% $169 / Sq Ft
04/10/2014 04/10/14 Pending -- -- --
01/20/2014 01/20/14 For Sale $489,900 0.0% $188 / Sq Ft
06/18/2013 06/18/13 Rented $650 0.0% --
06/18/2013 06/18/13 Under Contract -- -- --
05/01/2013 05/01/13 For Rent $650 -13.3% --
01/06/2012 01/06/12 Rented $750 +7.1% --
01/06/2012 01/06/12 Under Contract -- -- --
09/20/2011 09/20/11 For Rent $700 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    ROB MATCHETT

    MATCH-IT REALTY

    (951) 779-3021

    2 in this area

    29 Total Sales

    ROB MATCHETT
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14013466

California Regional Multiple Listing Service (CRMLS)

APN: 230-121-008

California Riverside County Riverside 92504 Magnolia Center

7429 Potomac St, Riverside, CA

This home is located at 7429 Potomac St, Riverside, CA 92504 since 20 January 2014. This property was built in 1954. 7429 Potomac St is a home located in Riverside County with nearby schools including Madison Elementary School, Sierra Middle School, and Ramona High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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