NOT LISTED FOR SALE

7620 Magnolia Ave Riverside, CA 92504

Ramona Neighborhood

Estimated Value: $509,000 - $614,099

2 Beds
1 Bath
600 Sq Ft
$963/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $535,000 $892 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,479/month

Highlights

  • Property is near park
  • No HOA
  • Open to Family Room
  • Main Floor Bedroom
  • Neighborhood Views
  • Family Room Off Kitchen

About This Home

As of June 2024

Affordable 2-bedroom, 1-bath apartment (ADU) in a convenient location, close to shopping, parks, schools with easy freeway access.
Living room, dining area, and kitchen with refrigerator, newer laminate floor, and brand new ductless mini split A/C. Backyard with open patio. Laundry room and driveway are shared with the tenant at the front house.

Last Agent to Rent the Property

Yoshiko Proulx

Landmark Property Management Brokerage Phone: 951-990-0431 License #01852635 Listed on: 11/12/2023

Last Renter's Agent

Araceli Ramirez

ZITRO REALTY License #01193208

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Laminate Flooring
  • Neighborhood Views
  • Open to Family Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Exterior Lighting

Location

  • Property is near park

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Security Deposit $2,150
  • 12-Month Minimum Lease Term
  • Available 11/13/23
  • Tax Lot 4
  • Tax Tract Number 314
  • Assessor Parcel Number 230043004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

9,148 Sq Ft Lot

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2023-11-13
  • Credit Check: Yes
  • Credit Check Paid By: Owner
  • Deposit Pets: 500
  • Deposit Security: 2150
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Duplex
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 230043004
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 600.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: In Living Room
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2.75
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Ductless
  • Laundry Features: Common Area, Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: Lot 6500-9999, Park Nearby
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100
  • Latitude Manual: 33.92869400

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 9148.0000 Square Feet
  • Management Co: Landmark Property Management
  • Management Co Phone: 951-371-6700
  • Number Of Units In Community: 2
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 314.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Jan 24, 2022
Sold by
Guinto Godoy Araceli
Bought by
Antonio Mares and Lopez Elaine
Seller's Agent
Edwin Antonio Coreas
DYNASTY REAL ESTATE
Buyer's Agent
Susy Carranza
HomeSmart Realty West
List Price
$499,900
Sold Price
$535,000
Premium/Discount to List
$35,100
7.02%
Current Estimated Value
$577,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,525
Avg. Annual Appreciation
1.93%
Original Mortgage
$503,500
Outstanding Balance
$464,809
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$112,716

Purchase Details

Listed on
Feb 16, 2018
Closed on
Mar 19, 2018
Sold by
Godoy Steven
Bought by
Godoy Araceli Guinto
Seller's Agent
Juan Jara
AMBIANCE REALTY
Buyer's Agent
Juan Jara
AMBIANCE REALTY
List Price
$294,500
Sold Price
$300,000
Premium/Discount to List
$5,500
1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.95%
Original Mortgage
$14,550
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2018
Closed on
Mar 1, 2018
Sold by
Velazquez Ernesto and Velazquez Maria
Bought by
Godoy Araceli Guinto
Seller's Agent
Juan Jara
AMBIANCE REALTY
Buyer's Agent
Juan Jara
AMBIANCE REALTY
List Price
$294,500
Sold Price
$300,000
Premium/Discount to List
$5,500
1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,550
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2005
Sold by
Aguilar Ernesto Velazquez
Bought by
Aguilar Ernesto Velazquez and Velazquez Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
5.51%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 27, 2004
Sold by
Velazquez Maria M
Bought by
Aguilar Ernesto Velazquez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,200
Interest Rate
5.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 22, 2003
Sold by
Aguilar Ernesto Velazquez and Rosales Miguel
Bought by
Aguilar Ernesto Velazquez and Velazquez Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 1999
Sold by
Aguilar Margarita Velazquez
Bought by
Aguilar Ernesto Velazquez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,223
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 1999
Sold by
Miller Mary S
Bought by
Kofman Izhak and Kofman Veronika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,223
Interest Rate
6.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Antonio Mares $267,500 None Listed On Document
Godoy Araceli Guinto -- Pacific Coast Title Company
Godoy Araceli Guinto $300,000 Pacific Coast Title Company
Aguilar Ernesto Velazquez -- Ftc San Bernardino
Aguilar Ernesto Velazquez -- Stewart Title Guaranty
Aguilar Ernesto Velazquez -- Orange Coast Title Co
Aguilar Ernesto Velazquez -- Old Republic Title Company
Aguilr Ernesto Velazquez $95,000 Old Republic Title Company
Kofman Izhak $51,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Antonio Mares $503,500
Previous Owner Godoy Araceli Guinto $14,550
Previous Owner Godoy Araceli Guinto $291,000
Previous Owner Aguilar Ernesto Velazquez $171,000
Previous Owner Aguilar Ernesto Velazquez $130,200
Previous Owner Aguilar Ernesto Velazquez $113,750
Previous Owner Aguilr Ernesto Velazquez $94,223
Previous Owner Kofman Izhak $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2024 06/28/24 Rented $1,650 0.0% --
06/18/2024 06/18/24 Price Changed $1,650 -5.7% $3 / Sq Ft
05/14/2024 05/14/24 Price Changed $1,750 -2.8% $3 / Sq Ft
02/14/2024 02/14/24 Price Changed $1,800 -7.7% $3 / Sq Ft
01/18/2024 01/18/24 For Rent $1,950 0.0% --
01/16/2024 01/16/24 Under Contract -- -- --
12/26/2023 12/26/23 Price Changed $1,950 -9.3% $3 / Sq Ft
11/12/2023 11/12/23 For Rent $2,150 0.0% --
02/23/2022 02/23/22 Sold $535,000 +7.0% $423 / Sq Ft View Prior Sale
01/16/2022 01/16/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $499,900 +66.6% $395 / Sq Ft
03/29/2018 03/29/18 Sold $300,000 +1.9% $237 / Sq Ft View Prior Sale
02/26/2018 02/26/18 Pending -- -- --
02/16/2018 02/16/18 For Sale $294,500 -- $233 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,157 $567,745 $95,508 $472,237
2023 $6,157 $545,700 $91,800 $453,900
2022 $3,644 $321,659 $96,498 $225,161
2021 $3,602 $315,353 $94,606 $220,747
2020 $3,575 $312,120 $93,636 $218,484
2019 $3,508 $306,000 $91,800 $214,200
2018 $1,962 $174,893 $59,368 $115,525
2017 $1,926 $171,464 $58,204 $113,260
2016 $1,804 $168,103 $57,063 $111,040
2015 $1,777 $165,579 $56,206 $109,373
2014 $1,759 $162,338 $55,106 $107,232
Source: Public Records

Agents Affiliated with this Home

  • Y

    Landlord's Agent in 2024

    Yoshiko Proulx

    Landmark Property Management

    Section Image
  • Araceli Ramirez

    Tenant's Agent in 2024

    Araceli Ramirez

    ZITRO REALTY

    (951) 732-9786

    79 Total Sales

    Araceli Ramirez
    Section Image
  • Edwin Antonio Coreas

    Seller's Agent in 2022

    Edwin Antonio Coreas

    DYNASTY REAL ESTATE

    (909) 212-0329

    1 in this area

    27 Total Sales

    Edwin Antonio Coreas
    Section Image
  • Susy Carranza

    Buyer's Agent in 2022

    Susy Carranza

    HomeSmart Realty West

    (951) 551-0409

    1 in this area

    28 Total Sales

    Susy Carranza
    Section Image

  • J

    Seller's Agent in 2018

    Juan Jara

    AMBIANCE REALTY

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG23210069

California Regional Multiple Listing Service (CRMLS)

APN: 230-043-004

California Riverside County Riverside 92504 Ramona

7620 Magnolia Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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