NOT LISTED FOR SALE

Estimated Value: $529,000 - $1,049,000

8 Beds
4 Baths
2,772 Sq Ft
$296/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $450,000 $162 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,138/month

63 Days on Market

About This Home

As of April 2016

4 plex in great condition in Riverside! All 4 units have been recently rehabbed with new kitchens, flooring, paint, etc. 2 units downstairs and 2 units upstairs. All 4 units are 2 bedrooms and 1 bathroom each. Each unit has their own washer/dryer hookups. There is a detached garage (one space per unit). There is also 4 parking spots directly in front of the building. The two downstairs units have large yards. Great location!

Last Agent to Sell the Property

Dave Clark

Keller Williams Realty License #01068074 Listed on: 01/25/2016

Keller Williams Realty

Last Buyer's Agent

George Saucedo

Re/Max Partners License #01071475

Re/Max Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,409

Year Built

  • Built in 1987

Lot Details

  • 8,276 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 2,772 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 151171026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Electric Expense $1,200
  • Gardener Expense $660
  • Insurance Expense $574
  • Trash Expense $1,251
  • Water Sewer Expense $600
  • New Taxes Expense $5,000
  • Gross Income $3,580
  • Net Operating Income $38,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,409

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 151171026
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 162.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1251.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 54.37
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 3580.00
  • Gross Scheduled Income: 42960.00
  • Insurance Expense: 574.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 38675.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4285.00
  • Rent Control: No
  • Total Actual Rent: 3280.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2016
Closed on
Mar 4, 2016
Sold by
Alexander David O and Clark Andrew
Bought by
Herrera Juan and Herrera Lucia
Seller's Agent
Dave Clark
Keller Williams Realty
Buyer's Agent
George Saucedo
Re/Max Partners
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%
Total Days on Market
63
Current Estimated Value
$820,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,210
Avg. Annual Appreciation
6.82%
Original Mortgage
$330,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jul 5, 2012
Sold by
Alexander David O and Alexander Susan A
Bought by
Alexander David O and Clark Andrew
Seller's Agent
Richard Gibson
WSR REAL ESTATE
Buyer's Agent
Andy Clark
Keller Williams Realty
List Price
$295,000
Sold Price
$331,000
Premium/Discount to List
$36,000
12.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%

Purchase Details

Listed on
Apr 24, 2012
Closed on
May 3, 2012
Sold by
Paris David H
Bought by
Alexander David O and Alexander Susan A
Seller's Agent
Richard Gibson
WSR REAL ESTATE
Buyer's Agent
Andy Clark
Keller Williams Realty
List Price
$295,000
Sold Price
$331,000
Premium/Discount to List
$36,000
12.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,250
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2010
Sold by
Cowen Nancy S
Bought by
Paris David H

Purchase Details

Closed on
Jun 30, 2009
Sold by
Ochoa Jose J
Bought by
Us Bank National Association

Purchase Details

Closed on
Nov 30, 2005
Sold by
Ochoa Jose J
Bought by
Ochoa Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2005
Sold by
Ochoa Jose J
Bought by
Ochoa Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
1.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2002
Sold by
Espinoza Alejandrina
Bought by
Ochoa Jose J

Purchase Details

Closed on
Nov 22, 2002
Sold by
Ochoa Miriam
Bought by
Ochoa Jose J

Purchase Details

Closed on
Apr 30, 2002
Sold by
Scott Kimberly C
Bought by
Espinoza Alejandrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
6.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2001
Sold by
Bankers Trust Company
Bought by
Scott Kimberly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,975
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2001
Sold by
Nixon Fred F and Nixon Claudia F
Bought by
Bankers Trust Company

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

Purchase Details

Closed on
Jul 25, 1995
Sold by
Barclaysamerican/Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Nov 14, 1994
Sold by
Dubuque Brad A and Dubuque Monica M
Bought by
Barclaysamerican/Mtg Corp
Source: Public Records

Range of Values:

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Average Value
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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
Herrera Juan $450,000 First American Title
Alexander David O -- None Available
Clark Andrew -- None Available
Alexander David O -- Orange Coast Title Co
Paris David H -- Orange Coast Title Company
Paris David H $210,500 Orange Coast Title Company
Us Bank National Association $250,000 Accommodation
Ochoa Jose J -- Chicago Title Company
Ochoa Jose J -- Chicago Title Company
Ochoa Jose J -- Lawyers Title
Ochoa Jose J -- --
Espinoza Alejandrina $555,000 Fidelity National Title
Scott Kimberly C $210,000 First American Title Ins Co
Bankers Trust Company $202,131 American Title
Nixon Fred F $258,000 Investors Title Company
Hud -- Northern Counties Title
Barclaysamerican/Mtg Corp $81,233 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herrera Juan $330,000
Previous Owner Alexander David O $248,250
Previous Owner Ochoa Jose J $400,000
Previous Owner Ochoa Jose J $400,000
Previous Owner Espinoza Alejandrina $222,000
Previous Owner Scott Kimberly C $206,975
Previous Owner Nixon Fred F $206,400
Closed Nixon Fred F $25,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2016 04/29/16 Sold $450,000 -10.0% $162 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $499,900 +51.0% $180 / Sq Ft
06/12/2012 06/12/12 Sold $331,000 +12.2% $119 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $295,000 -- $106 / 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 $6,409 $512,018 $142,227 $369,791
2022 $5,931 $501,980 $139,439 $362,541
2021 $5,830 $492,138 $136,705 $355,433
2020 $5,737 $487,093 $135,304 $351,789
2019 $5,662 $477,543 $132,651 $344,892
2018 $5,583 $468,180 $130,050 $338,130
2017 $5,480 $459,000 $127,500 $331,500
2016 $4,224 $351,200 $107,162 $244,038
2015 $4,272 $345,926 $105,553 $240,373
2014 $4,148 $339,152 $103,487 $235,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG16015834

California Regional Multiple Listing Service (CRMLS)

APN: 151-171-026