NOT LISTED FOR SALE

8155 Philbin Ave Riverside, CA 92503

Arlanza Neighborhood

Estimated Value: $815,000 - $977,000

6 Beds
3 Baths
2,787 Sq Ft
$317/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $370,000 $133 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $5,090/month

65 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wood Fence
  • Wall Furnace
  • Laundry Room

About This Home

As of June 2013

Well maintained 4plex building located within walking distance to Alanza Recreation Center and Park, new library, schools, shopping and restaurants. The building has a separate garage structure with single car spaces for each unit, additional parking directly in front of the building and 2 guest parking spaces. Interior features include tile floors throughout in one of the units and tile throughout in the other three units with the exception of the bedrooms which are carpeted, full size washing machine and dryer connections, storage closets, and the downstairs units offer a private patio and backyard and the upstairs units offer a private patio. Three of the four units had new water heaters installed recently. Property is being sold "AS-IS".

Last Agent to Sell the Property

DARLENE MEDLIN

EMPIRE MANAGEMENT GROUP License #00666139 Listed on: 04/23/2013

Last Buyer's Agent

DARLENE MEDLIN

EMPIRE MANAGEMENT GROUP License #00666139 Listed on: 04/23/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 8,700 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,787 Sq Ft Home
  • Property Attached
  • Stucco

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

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

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 148
  • Tax Tract Number 411
  • Assessor Parcel Number 151171027

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Insurance Expense $1,400
  • Trash Expense $1,080
  • Water Sewer Expense $1,080
  • New Taxes Expense $3,360
  • Net Operating Income $32,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1080.00
  • Property Type: Residential Income
  • Parcel Number: 151171027
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 132.76

Exterior Features

  • Fencing: Wood
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 1080.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8700.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1080.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 8700.0000 Square Feet
  • Net Operating Income: 32200.00
  • 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
  • Operating Expense: 8000.00
  • Rent Control: No
  • Total Actual Rent: 3350.00

Tax Info

  • New Taxes Expense: 3360.00
  • Tax Lot: 148
  • Tax Tract Number: 411
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2013
Closed on
May 15, 2013
Sold by
Ardakani Abdolmessen T and Ardakani Nezhat T
Bought by
Boddu Navneet K and Boddu Sunita
Seller's Agent
DARLENE MEDLIN
EMPIRE MANAGEMENT GROUP
Buyer's Agent
DARLENE MEDLIN
EMPIRE MANAGEMENT GROUP
List Price
$399,000
Sold Price
$370,000
Premium/Discount to List
-$29,000
-7.27%
Current Estimated Value
$884,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,302
Avg. Annual Appreciation
7.21%
Original Mortgage
$260,250
Interest Rate
2.63%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2011
Sold by
Ardakani Abdolmossein T and Ardakani Nezhat T
Bought by
Ardakani Abdolmossein T and Ardakani Nezhat T

Purchase Details

Closed on
Jan 15, 2009
Sold by
Dwi Llc
Bought by
Ardakani Abdolmossein T and Ardakani Nezhat T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 21, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Dwi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,700
Interest Rate
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2008
Sold by
Barajas Juan Carlos
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Apr 11, 2007
Sold by
Barajas Juan Carlos
Bought by
Ochoa Jose J

Purchase Details

Closed on
Oct 19, 2006
Sold by
Zendejas Rosendo R and Zendejas Maria D
Bought by
Barajas Juan Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2006
Sold by
Zendejas Rosendo
Bought by
Zendejas Rosendo R and Zendejas Maria D

Purchase Details

Closed on
Feb 7, 2006
Sold by
Zendejas Rosendo R
Bought by
Zendejas Rosendo

Purchase Details

Closed on
Mar 19, 2002
Sold by
Trummeter Robert J
Bought by
Zendejas Rosendo R and Zendejas Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,600
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2001
Sold by
Bankers Trust Company
Bought by
Trummeter Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2001
Sold by
Nixon Fred F and Nixon Claudia F
Bought by
Bankers Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 1999
Sold by
Walker Rob D
Bought by
Nixon Fred F and Nixon Claudia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
7.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Boddu Navneet K $370,000 Nations Title Company
Ardakani Abdolmossein T -- None Available
Ardakani Abdolmossein T -- Lsi Title
Dwi Llc $244,500 Fidelity National Title
Deutsche Bank National Trust Co $435,573 Financial Title Company
Ochoa Jose J -- Accommodation
Barajas Juan Carlos $710,000 Lawyers Title Co
Zendejas Rosendo R -- None Available
Zendejas Rosendo -- Alliance Title Company
Zendejas Rosendo -- None Available
Zendejas Rosendo R $274,000 Fidelity National Title Ins
Trummeter Robert J $190,000 Lawyers Title Company
Bankers Trust Company $190,000 American Title
Nixon Fred F $258,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boddu Navneet K $260,250
Previous Owner Ardakani Abdolmossein T $80,000
Previous Owner Dwi Llc $146,700
Previous Owner Barajas Juan Carlos $568,000
Previous Owner Zendejas Rosendo R $246,600
Previous Owner Trummeter Robert J $152,000
Previous Owner Nixon Fred F $206,400
Closed Nixon Fred F $25,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2013 06/28/13 Sold $370,000 -7.3% $133 / Sq Ft
05/02/2013 05/02/13 Pending -- -- --
02/26/2013 02/26/13 For Sale $399,000 -- $143 / 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 $5,467 $453,556 $85,802 $367,754
2023 $5,467 $435,946 $82,471 $353,475
2022 $5,059 $427,399 $80,854 $346,545
2021 $4,976 $419,019 $79,269 $339,750
2020 $4,897 $414,724 $78,457 $336,267
2019 $4,833 $406,593 $76,919 $329,674
2018 $4,766 $398,621 $75,412 $323,209
2017 $4,678 $390,806 $73,934 $316,872
2016 $4,601 $383,144 $72,485 $310,659
2015 $4,533 $377,392 $71,398 $305,994
2014 $4,518 $370,000 $70,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    DARLENE MEDLIN

    EMPIRE MANAGEMENT GROUP

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13032572

California Regional Multiple Listing Service (CRMLS)

APN: 151-171-027

California Riverside County Riverside 92503 Arlanza

8155 Philbin Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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