Seller's Agent in 2020
Rupi Azrot
OFFERCITY HOMES
(951) 638-4477
5 in this area
73 Total Sales
7771 Philbin Ave Riverside, CA 92503
Arlanza NeighborhoodEstimated Value: $525,000 - $710,000
6
Beds
3
Baths
2,328
Sq Ft
$267/Sq Ft
Est. Value
Highlights
- Property is near a park
- Converted Garage
- Laundry Room
- No HOA
- Cooling System Mounted To A Wall/Window
- 4-minute walk to Bryant Park
About This Home
As of September 2020This is a rare and wonderful opportunity to purchase a triplex which is centrally located in Riverside with huge upside potential in rents. This fixer triplex features 2,328 sq ft of living space, it does need TLC to make it a great investment property!! The property consists of three 2 bedrooms 1 bath units. Tenants are mo to mo and are paying rent. Property will not be delivered vacant. SFR Property next door on 7751 Philbin Ave Riverside also belongs to the same seller and is for sale for $250K and the seller wants both SOLD at the same time as a package deal. Please do not disturb Tenants.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 0.27 Acre Lot
- No Common Walls
Parking
- 2 Car Garage
- Converted Garage
- Parking Available
- Assigned Parking
Home Design
- Triplex
Interior Spaces
- 2,328 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Location
- Property is near a park
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 166
- Tax Tract Number 41101
- Assessor Parcel Number 151173006
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $150
- Water Sewer Expense $50
- New Taxes Expense $225
- Operating Expense $425
- Gross Income $28,500
- Net Operating Income $27,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2020
Closed on
Sep 10, 2020
Sold by
Schweickhardt William and Schweickhardt Cheryl
Bought by
Ei7 Corp
Seller's Agent
Rupi Azrot
OFFERCITY HOMES
Buyer's Agent
Rupi Azrot
OFFERCITY HOMES
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,680
Avg. Annual Appreciation
7.53%
Purchase Details
Closed on
Apr 18, 1997
Sold by
Banion Cheryl O and Banion Cheryl
Bought by
Schweickhardt William and Schweickhardt Cheryl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
7.98%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ei7 Corp | -- | Usa Ntc | |
| Schweickhardt William | -- | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Schweickhardt William | $36,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/21/2020 09/21/20 | Sold | $425,000 | 0.0% | $183 / Sq Ft |
| 09/08/2020 09/08/20 | Pending | -- | -- | -- |
| 09/04/2020 09/04/20 | Off Market | $425,000 | -- | -- |
| 09/04/2020 09/04/20 | For Sale | $450,000 | -- | $193 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,534 | $460,031 | $108,242 | $351,789 |
| 2023 | $5,534 | $442,170 | $104,040 | $338,130 |
| 2022 | $5,121 | $433,500 | $102,000 | $331,500 |
| 2021 | $5,036 | $425,000 | $100,000 | $325,000 |
| 2020 | $2,234 | $186,124 | $52,105 | $134,019 |
| 2019 | $2,205 | $182,476 | $51,084 | $131,392 |
| 2018 | $2,175 | $178,899 | $50,084 | $128,815 |
| 2017 | $2,136 | $175,392 | $49,102 | $126,290 |
| 2016 | $2,101 | $171,954 | $48,140 | $123,814 |
| 2015 | $2,070 | $169,373 | $47,418 | $121,955 |
| 2014 | $2,063 | $166,057 | $46,490 | $119,567 |
Source: Public Records
Agents Affiliated with this Home
-
Rupi Azrot
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV20183642
APN: 151-173-006
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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