NOT LISTED FOR SALE

8150 Cypress Ave Riverside, CA 92503

Arlanza Neighborhood
10 Beds
5 Baths
4,600 Sq Ft
0.41 Acres

Last Sold June 07, 2021

Last sale price $900,000 $196 Per Sq Ft

2 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • 0.41 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of June 2021

A GROUP OF 5 TW0 BEDROOM ONE BATH APARTMENTS. GREAT POTENTIAL! RENTS ARE LOW, BUT NEIGHBORING 2 BEFROOMS APARTMENTS ARE RENTING OVER $1300 A MONTH. SALE INCLUDES A SECOND PARCEL. THE SECOND PARCEL IS ADJACENT AND .21 A.IN SIZE. ALL UNITS ARE RENTED.

Last Agent to Sell the Property

DOROTHY PATAKY

RE/MAX HORIZON License #00998907 Listed on: 04/26/2021

RE/MAX HORIZON

Last Buyer's Agent

DOROTHY PATAKY

RE/MAX HORIZON License #00998907 Listed on: 04/26/2021

RE/MAX HORIZON

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Flag Lot
  • Back and Front Yard
  • 151161008

Home Design

  • 4,600 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Bedrooms Down
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces

Utilities

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

Additional Features

  • Free-Standing Range
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 4101
  • Assessor Parcel Number 151161002

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,254
  • Trash Expense $1,749
  • Water Sewer Expense $1,775
  • New Taxes Expense $2,926
  • Operating Expense $8,704
  • Gross Income $45,296
  • Net Operating Income $45,296

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 1775.00
  • Property Type: Residential Income
  • Parcel Number: 151161002
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 195.65
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1749.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels Description: 151161008
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Flag Lot
  • Lot Size Sq Ft: 17859.60
  • Lot Size Acres: 0.4100

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 45296.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 2254.00
  • Lot Size Area: 0.4100 Acres
  • Net Operating Income: 45296.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Range: 5
  • Operating Expense: 8704.00
  • Rent Control: No
  • Total Actual Rent: 4500.00
  • Total Expenses: 8704.00

Tax Info

  • New Taxes Expense: 2926.00
  • Tax Lot: 1
  • Tax Tract Number: 04101

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2021 06/07/21 Sold $900,000 0.0% $196 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/28/2021 04/28/21 Off Market $900,000 -- --
04/26/2021 04/26/21 For Sale $899,000 -- $195 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    DOROTHY PATAKY

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21077522

California Regional Multiple Listing Service (CRMLS)

APN: 151-161-002

California Riverside County Riverside 92503 Arlanza

8150 Cypress Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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