NOT LISTED FOR SALE

7721 Janet Ave Unit 4 Riverside, CA 92503

Arlanza Neighborhood

Estimated Value: $874,000 - $1,118,000

4 Beds
4 Baths
2,000 Sq Ft
$500/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $820,000 $410 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,347/month

52 Days on Market

Highlights

  • No Units Above
  • 0.38 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room

About This Home

As of August 2022

ADJACENT VACANT LOT INCLUDED IN THE SALE!!!!!! Lot size listed includes estimated size of both lots combined. GREAT INVESTMENT OPPORTUNITY! or, live in one and rent out the others! 4 single story 1 bedroom 1 bathroom units. Each unit has it's own private enclosed rear yard. Laundry room on site. 4 electric meters, 4 gas meters. All units in great shape, fully rented with long time tenants. year built is estimated as no data on public info. Prime location. Walk to shopping, good freeway access.

Last Agent to Sell the Property

Darlene Kearney

CAPITAL REAL ESTATE & INV License #00910009 Listed on: 06/10/2022

Last Buyer's Agent

Carole Lee

Samuel S. Choi, Broker License #01966905

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,788

Year Built

  • Built in 1965

Lot Details

  • 0.38 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Back Yard
  • 151-162-029

Home Design

  • 2,000 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 229
  • Assessor Parcel Number 151162028
  • $134 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $576
  • Other Expense $816
  • Water Sewer Expense $900
  • Operating Expense $3,193
  • Gross Income $43,920
  • Net Operating Income $40,727

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,788

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Price Per Unit: 212475
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 151162028
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 410.00
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 151-162-029
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 16500.00
  • Lot Size Acres: 0.3788

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Gross Income: 43920.00
  • Gross Scheduled Income: 43920.00
  • Insurance Expense: 576.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 16500.0000 Square Feet
  • Net Operating Income: 40727.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Range: 4
  • Operating Expense: 3193.00
  • Other Expense: 816.00
  • Other Expense Description: laundry
  • Rent Control: No
  • Total Expenses: 3193.00

Tax Info

  • Tax Census Tract: 411.01
  • Tax Lot: 229
  • Tax Tract Number: 0000
  • TaxOtherAnnualAssessmentAmount: 134.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jul 19, 2022
Sold by
Family Trust Of Sdca
Bought by
Moon Dai Sik and Moon Hie Su
Seller's Agent
Darlene Kearney
CAPITAL REAL ESTATE & INV
Buyer's Agent
Carole Lee
Samuel S. Choi, Broker
List Price
$899,900
Sold Price
$820,000
Premium/Discount to List
-$79,900
-8.88%
Total Days on Market
52
Views
17
Current Estimated Value
$1,000,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,333
Avg. Annual Appreciation
7.38%
Original Mortgage
$576,000
Outstanding Balance
$553,555
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$446,778

Purchase Details

Closed on
Apr 1, 2010
Sold by
Kearney E Darlene
Bought by
Kearney Edna Darlene

Purchase Details

Closed on
May 1, 2007
Sold by
Kearney Darlene
Bought by
Kearney E Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2007
Sold by
Ice Willis F
Bought by
Kearney Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2004
Sold by
Valk Roy L
Bought by
Ice Willis F
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Moon Dai Sik $820,000 First American Title
Kearney Edna Darlene -- None Available
Kearney E Darlene -- Stewart Title Riverside
Kearney Darlene $305,000 Stewart Title Of Ca Inc
Ice Willis F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moon Dai Sik $260,000
Open Moon Dai Sik $576,000
Previous Owner Kearney Edna Darlene $283,460
Previous Owner Kearney E Darlene $291,000
Previous Owner Kearney Darlene $213,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $820,000 -3.5% $410 / Sq Ft
08/03/2022 08/03/22 Price Changed $849,900 -5.6% $425 / Sq Ft
06/10/2022 06/10/22 For Sale $899,900 -- $450 / 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
2023 $8,788 $820,000 $165,000 $655,000
2022 $4,615 $385,045 $164,116 $220,929
2021 $4,288 $355,776 $83,385 $272,391
2020 $3,922 $326,400 $76,500 $249,900
2019 $3,872 $320,000 $75,000 $245,000
2018 $3,893 $320,000 $75,000 $245,000
2017 $3,720 $273,000 $52,500 $220,500
2016 $3,671 $273,000 $52,500 $220,500
2015 $3,199 $260,000 $50,000 $210,000
2014 $3,248 $260,000 $50,000 $210,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22125815

California Regional Multiple Listing Service (CRMLS)

APN: 151-162-028