$325,000
SOLD APR 16, 2015

7642 Fern St Riverside, CA 92504

4 Beds
2 Baths
1,380 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$236 Per Sq Ft

1% Below List Price

5 Days on Market

Highlights

  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Two Homes on a Lot
  • Living Room
  • Ceiling Fan

About This Home

As of April 2015

Two newly remodeled homes on one lot. This is a great investment opportunity. 7642 Fern Ave is a detached SFR with 2 bedrooms & 1 full bathroom. 7644 Fern Ave is a detached SFR with 2 bedrooms & 1 full bathroom. Both homes have brand new kitchens, brand new bathrooms, brand new fixtures, scraped ceilings, fresh interior & exterior paint, brand new A/C & heating units, brand new water heaters with brand new carpet, baseboards and flooring. Both homes have individual laundry rooms with washer/dryer hook ups. Each home has it's own separate electric meter and separate gas meter. Don't miss this opportunity to purchase two homes for a great price. All interior showings and inspections are subject to written offers. Do Not Disturb Tenants.

Last Agent to Sell the Property

Zeb Plante

Cal Direct Realty, Inc. License #01293389 Listed on: 02/01/2015

Last Buyer's Agent

Zeb Plante

Cal Direct Realty, Inc. License #01293389 Listed on: 02/01/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,255

Year Built

  • Built in 1952

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,380 Sq Ft Home
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Parking Available
  • Paved Parking

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, trash collection
  • Tax Lot 47
  • Tax Tract Number 313
  • Assessor Parcel Number 230281021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $940
  • Water Sewer Expense $864
  • New Taxes Expense $3,565
  • Gross Income $2,200
  • Net Operating Income $23,434

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,255

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Water Sewer Expenses: 864.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 230281021
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 235.51
  • Room Type: Living Room

Exterior Features

  • Other Structures: Two On A Lot
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Range Hood, Vented Exhaust Fan
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Trash Collection

Multi Family

  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 940.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 23434.00
  • 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
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Number With Disposal: 1
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 2966.00
  • Rent Control: No
  • Total Actual Rent: 2200.00

Tax Info

  • New Taxes Expense: 3565.00
  • Tax Lot: 47
  • Tax Tract Number: 313
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2025
Sold by
Hwang Beson and Hwang Toni Jean
Bought by
Hwang Beson
Current Estimated Value
$601,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$150,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$416,251

Purchase Details

Listed on
Jun 9, 2015
Closed on
Aug 14, 2015
Sold by
Hwang Beson and Plante John Z
Bought by
Green Equities Llc
Seller's Agent
Zeb Plante
Cal Direct Realty, Inc.
Buyer's Agent
Zeb Plante
Cal Direct Realty, Inc.
Sold Price
$1,150

Purchase Details

Closed on
Feb 10, 2015
Sold by
Hwang Toni J
Bought by
Hwang Beson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 8, 2014
Closed on
Aug 6, 2014
Sold by
Aldama David
Bought by
Aldama Helen P
Seller's Agent
JOSE VEGA
JV REAL ESTATE SERVICES
Buyer's Agent
Zeb Plante
Cal Direct Realty, Inc.
List Price
$195,000
Sold Price
$120,000
Premium/Discount to List
-$75,000
-38.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.13%

Purchase Details

Listed on
Jun 8, 2014
Closed on
Aug 5, 2014
Sold by
Plante Marita A
Bought by
Plante John Z
Seller's Agent
JOSE VEGA
JV REAL ESTATE SERVICES
Buyer's Agent
Zeb Plante
Cal Direct Realty, Inc.
List Price
$195,000
Sold Price
$120,000
Premium/Discount to List
-$75,000
-38.46%

Purchase Details

Listed on
Jun 8, 2014
Closed on
Aug 4, 2014
Sold by
Aldama Helen P
Bought by
Plante John Z
Seller's Agent
JOSE VEGA
JV REAL ESTATE SERVICES
Buyer's Agent
Zeb Plante
Cal Direct Realty, Inc.
List Price
$195,000
Sold Price
$120,000
Premium/Discount to List
-$75,000
-38.46%

Purchase Details

Closed on
Aug 23, 2000
Sold by
Aldama Helen P
Bought by
Aldama Helen P

Purchase Details

Closed on
Jun 14, 1995
Sold by
Peguero Catherine
Bought by
Peguero Catherine and Trust Of Catherine Peguero
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 Type Sale Price Title Company
Grant Deed -- Chicago Title
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Usa National Title Co
Grant Deed $325,000 Usa National Title Co
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $120,000 First American Title Company
Gift Deed -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Previous Owner $243,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2016 09/01/16 Rented $1,225 0.0% --
07/27/2016 07/27/16 Off Market $1,225 -- --
07/14/2016 07/14/16 For Rent $1,225 +6.5% --
06/09/2015 06/09/15 Rented $1,150 0.0% --
06/09/2015 06/09/15 For Rent $1,150 0.0% --
04/16/2015 04/16/15 Sold $325,000 -1.5% $236 / Sq Ft
02/06/2015 02/06/15 Pending -- -- --
02/01/2015 02/01/15 For Sale $329,900 0.0% $239 / Sq Ft
11/05/2014 11/05/14 Rented $1,150 0.0% --
11/05/2014 11/05/14 For Rent $1,150 0.0% --
08/08/2014 08/08/14 Sold $120,000 -38.5% $208 / Sq Ft
07/29/2014 07/29/14 Pending -- -- --
06/08/2014 06/08/14 For Sale $195,000 -- $339 / 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 $4,255 $390,590 $90,133 $300,457
2023 $4,255 $375,425 $86,634 $288,791
2022 $4,159 $368,065 $84,936 $283,129
2021 $4,107 $360,849 $83,271 $277,578
2020 $4,077 $357,150 $82,418 $274,732
2019 $4,000 $350,148 $80,802 $269,346
2018 $3,923 $343,283 $79,218 $264,065
2017 $3,853 $336,553 $77,665 $258,888
2016 $3,606 $329,955 $76,143 $253,812
2015 $2,432 $220,000 $70,000 $150,000
2014 -- $100,289 $43,875 $56,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15022965

California Regional Multiple Listing Service (CRMLS)

APN: 230-281-021