Michael Mucino
CAMDEN MCKAY REALTY
(909) 341-1278
128 Total Sales
4 in Arlanza
$511K - $620K Price Range
8132 Cypress Ave Riverside, CA 92503
Arlanza Neighborhood
12
Beds
6
Baths
4,292
Sq Ft
0.4
Acre Lot
Highlights
- 0.4 Acre Lot
- Double Pane Windows
- Tile Flooring
- No HOA
- Accessible Parking
- 8 Attached Carport Spaces
About This Home
As of August 2019Very rare 6 unit apartment for sale after 28 years of proud ownership by the seller! Excellent opportunity for multi family investors! Below market rental rate in very high rental demand area in Riverside! 100% occupied! Long time tenants provide steady and stable rental income! Each unit consists of 2 bedroom and 1 full bathroom. Each unit's rent income is $1300, $1070, $1240, $1300, $1190, $1070, which the total monthly income is $7170. Close to parks, schools and shopping centers! Seller just painted fresh outside of the building! See it for yourself this great investment opportunity before someone else take it! DRIVE BY ONLY DUE TO CURRENT TENANTS NOT KNOWING IT'S FOR SALE! DO NOT DISTURB OCCUPANTS! BUYER WILL COOPERATE WITH SELLER'S 1031 EXCHANGE WITHOUT ANY COST TO THE BUYER.
Last Agent to Sell the Property
Richard Yoo
Richard Yoo, Broker License #01402268 Listed on: 06/09/2019
Last Buyer's Agent
Arath Lara
ARATH LARA/BROKER License #01921795
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,008
Year Built
- Built in 1959
Lot Details
- 17,424 Sq Ft Lot
- No Common Walls
- Wood Fence
- Level Lot
- Back Yard
Home Design
- Brick Exterior Construction
- Shingle Roof
- Stucco
Interior Spaces
- 4,292 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Double Pane Windows
- Blinds
Kitchen
- Gas Oven
- Gas Range
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in unit
- Gas Dryer Hookup
Parking
- 2 Open Parking Spaces
- 10 Parking Spaces
- 8 Attached Carport Spaces
- Parking Available
- Paved Parking
Accessible Home Design
- Accessible Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas, telephone, trash collection
- Tax Lot 130
- Tax Tract Number 9
- Assessor Parcel Number 151161003
Community Details
Overview
- No Home Owners Association
- 6 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $720
- Insurance Expense $2,053
- Water Sewer Expense $1,500
- New Taxes Expense $3,600
- Operating Expense $13,162
- Gross Income $86,040
- Net Operating Income $78,051
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2019
Closed on
Aug 1, 2019
Sold by
Kim Hung Cha
Bought by
Seller's Agent
Richard Yoo
Richard Yoo, Broker
Buyer's Agent
Arath Lara
ARATH LARA/BROKER
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%
Purchase Details
Closed on
Apr 7, 2009
Sold by
Kim Hung Cha
Bought by
Kim Hung Cha and 2009 Hung Cha Kim Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Arlanza, CA
-
Michael Mucino
-
ROBERT WATKINS
ROBERT WATKINS
RE/MAX TIME REALTY
(909) 406-2551
77 Total Sales
2 in Arlanza
$840,000 Price Range
-
Sharon Custer
Sharon Custer
First Team Real Estate
(949) 516-0422
77 Total Sales
1 in Arlanza
$560,000 Price
-
Kathy Vineyard
Kathy Vineyard
Re/Max Diamond Prestige
(951) 441-2557
102 Total Sales
1 in Arlanza
$550,000 Price
-
PAMELA SHEEHAN
PAMELA SHEEHAN
Century 21 Masters
(909) 296-4566
91 Total Sales
1 in Arlanza
$235,000 Price
-
Tony Garcia
Tony Garcia
REALTY ONE GROUP HOMELINK
(951) 261-8093
5 Total Sales
2 in Arlanza
$570,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $975,000 | Stewart Title | ||
| Kim Hung Cha | -- | None Available |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2019 08/26/19 | Sold | $975,000 | -11.4% | $227 / Sq Ft |
| 07/24/2019 07/24/19 | Pending | -- | -- | -- |
| 06/09/2019 06/09/19 | For Sale | $1,100,000 | -- | $256 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $13,348 | $1,087,626 | $223,101 | $864,525 |
| 2025 | $12,930 | $1,066,301 | $218,727 | $847,574 |
| 2023 | $12,733 | $1,024,897 | $210,235 | $814,662 |
| 2022 | $11,971 | $1,004,802 | $206,113 | $798,689 |
| 2021 | $11,747 | $985,101 | $202,072 | $783,029 |
| 2020 | $11,560 | $975,000 | $200,000 | $775,000 |
| 2019 | $5,076 | $413,713 | $137,896 | $275,817 |
| 2018 | $5,008 | $405,602 | $135,193 | $270,409 |
| 2017 | $4,919 | $397,650 | $132,543 | $265,107 |
| 2016 | $4,840 | $389,854 | $129,945 | $259,909 |
| 2015 | $4,768 | $384,000 | $127,994 | $256,006 |
| 2014 | $4,750 | $376,481 | $125,488 | $250,993 |
Source: Public Records
Agents Affiliated with this Home
-
RY
Seller's Agent in 2019
Richard Yoo
Richard Yoo, Broker
-
AL
Buyer's Agent in 2019
Arath Lara
ARATH LARA/BROKER
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG19139365
APN: 151-161-003
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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