NOT LISTED FOR SALE

Estimated Value: $567,142 - $834,000

2 Beds
1 Bath
1,850 Sq Ft
$370/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $415,000 $224 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,024/month

66 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Chain Link Fence
  • Laundry Room
  • Ceiling Fan
  • Back and Front Yard

About This Home

As of August 2020

Dont miss this opportunity ! Welcome Investors or New home owners! Here is an excellent opportunity to own this beautiful 2 unit property in a great neighborhood in Riverside. Rent one unit and live in the other unit (Ask me how to qualify using the rental income to buy this property)

Each unit consists of a private back yard, a front yard, 2 bedrooms, 1 bath,both units have heating and AC, living room area, large kitchen, dining room area, and 1 car attached garage. These units will sell fast.

Last Agent to Sell the Property

Maximillian Ortiz

Corona Homes Realty License #01316854 Listed on: 04/20/2020

Last Buyer's Agent

KIMBERLY MIELL

CORONA HOMES REALTY License #02069765

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall
  • Chain Link Fence
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,850 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Free-Standing Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 22
  • Tax Tract Number 5002
  • Assessor Parcel Number 155313007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $900
  • Trash Expense $40
  • Water Sewer Expense $40
  • New Taxes Expense $5,232
  • Operating Expense $7,092
  • Gross Income $20,508
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 40.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 155313007
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 224.32
  • Room Type: Kitchen

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 40.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 925 Square Feet
  • Gross Income: 20508.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 900.00
  • Lot Size Area: 12197.0000 Square Feet
  • Net Operating Income: 27600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 7092.00
  • Rent Control: No
  • Total Expenses: 7092.00

Tax Info

  • New Taxes Expense: 5232.00
  • Tax Census Tract: 410.01
  • Tax Lot: 22
  • Tax Tract Number: 5002-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2020
Closed on
Aug 5, 2020
Sold by
Candia Luis E
Bought by
Delgado Karen Lee
Seller's Agent
Maximillian Ortiz
Corona Homes Realty
Buyer's Agent
KIMBERLY MIELL
CORONA HOMES REALTY
List Price
$430,000
Sold Price
$415,000
Premium/Discount to List
-$15,000
-3.49%
Current Estimated Value
$683,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,786
Avg. Annual Appreciation
9.71%
Original Mortgage
$332,000
Outstanding Balance
$294,507
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$389,279

Purchase Details

Closed on
Sep 23, 2013
Sold by
Candia Claudia
Bought by
Candia Luis E

Purchase Details

Listed on
Oct 24, 2012
Closed on
Jan 30, 2013
Sold by
Hernandez Belen
Bought by
Candia Luis E
Seller's Agent
Michael Aviles
A First Choice Financial Group
Buyer's Agent
Michael Aviles
A First Choice Financial Group
List Price
$120,000
Sold Price
$125,000
Premium/Discount to List
$5,000
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.14%
Original Mortgage
$220,924
Interest Rate
4.32%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 2004
Sold by
Hernandez Felipe
Bought by
Hernandez Belen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,750
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 1998
Sold by
Wells Fargo Bank Na
Bought by
Plantenga Paul Henry and Plantenga Sandra Lee

Purchase Details

Closed on
Sep 30, 1998
Sold by
Guzman Silvino A
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 1, 1994
Sold by
Saavedra Pedro F and Guzman Maria O
Bought by
Guzman Silvino and Guzman Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,200
Interest Rate
7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Delgado Karen Lee $415,000 First American Title
Candia Luis E -- Old Republic Title Co
Candia Luis E $225,000 Old Republic Title Co
Hernandez Belen -- Fntic
Hernandez Belen $184,000 Fntic
Plantenga Paul Henry -- Fidelity National Title Co
Wells Fargo Bank Na $118,976 North American Title Co
Guzman Silvino $156,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delgado Karen Lee $332,000
Previous Owner Candia Luis E $220,924
Previous Owner Hernandez Belen $252,750
Previous Owner Guzman Silvino $148,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2020 08/14/20 Sold $415,000 0.0% $224 / Sq Ft
07/03/2020 07/03/20 Off Market $415,000 -- --
07/03/2020 07/03/20 For Sale $430,000 +3.6% $232 / Sq Ft
06/29/2020 06/29/20 Off Market $415,000 -- --
06/26/2020 06/26/20 For Sale $430,000 0.0% $232 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $430,000 0.0% $232 / Sq Ft
06/15/2020 06/15/20 For Sale $430,000 -4.4% $232 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
05/16/2020 05/16/20 Pending -- -- --
05/16/2020 05/16/20 Price Changed $450,000 -1.1% $243 / Sq Ft
04/20/2020 04/20/20 For Sale $455,000 +102.2% $246 / Sq Ft
12/27/2013 12/27/13 Sold $225,000 +50.0% $122 / Sq Ft View Prior Sale
05/14/2013 05/14/13 For Sale $150,000 +20.0% $81 / Sq Ft
05/10/2013 05/10/13 Pending -- -- --
02/28/2013 02/28/13 Sold $125,000 +4.2% $68 / Sq Ft View Prior Sale
02/06/2013 02/06/13 Pending -- -- --
10/24/2012 10/24/12 For Sale $120,000 -- $65 / 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 $5,429 $449,207 $81,181 $368,026
2023 $5,429 $431,766 $78,030 $353,736
2022 $5,025 $423,300 $76,500 $346,800
2021 $4,943 $415,000 $75,000 $340,000
2020 $3,024 $252,193 $67,249 $184,944
2019 $2,986 $247,249 $65,931 $181,318
2018 $2,945 $242,402 $64,639 $177,763
2017 $2,891 $237,650 $63,372 $174,278
2016 $2,845 $232,991 $62,130 $170,861
2015 $2,803 $229,494 $61,198 $168,296
2014 $2,794 $225,000 $60,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20076444

California Regional Multiple Listing Service (CRMLS)

APN: 155-313-007