J
Seller's Agent in 2023
Jesse Tinajero
Century 21 Coastal Properties
(310) 371-6330
1 in this area
4 Total Sales
8342 Cypress Ave Riverside, CA 92503
Arlanza Neighborhood
11
Beds
5
Baths
3,652
Sq Ft
0.47
Acres
Highlights
- 0.47 Acre Lot
- No HOA
- Cooling System Mounted To A Wall/Window
- Corner Lot
- Hiking Trails
- Park
About This Home
As of September 2023Welcome to Riverside's hidden gem! This remarkable 5-unit rental income property presents an incredible opportunity for investors seeking a profitable venture in a thriving community. Situated in a prime location, this property offers the best of both worlds: tranquility and convenience. Nestled in the heart of Riverside, residents will enjoy easy access to a wide array of amenities, including shopping centers, restaurants, parks, and entertainment options. The property's strategic location ensures excellent rental demand and consistent cash flow. Investors will appreciate the potential for steady income and long-term growth, making this an attractive addition to any investment portfolio. Don't miss this exceptional opportunity to own a lucrative 5-unit rental income property in Riverside!
Last Agent to Sell the Property
Century 21 Coastal Properties License #02128655 Listed on: 06/20/2023
Last Buyer's Agent
Century 21 Coastal Properties License #02128655 Listed on: 06/20/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1945
Lot Details
- 0.47 Acre Lot
- Two or More Common Walls
- Corner Lot
- Density is 2-5 Units/Acre
Parking
- 8 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 3,652 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Suburban Location
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 411
- Assessor Parcel Number 151111016
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 5 Units
- Mountainous Community
Recreation
- Park
- Horse Trails
- Hiking Trails
Building Details
- 5 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,720
- Fuel Expense $1,680
- Insurance Expense $2,200
- Trash Expense $600
- Water Sewer Expense $1,680
- New Taxes Expense $16,000
- Operating Expense $25,880
- Gross Income $86,400
- Net Operating Income $60,520
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2023 09/01/23 | Sold | $1,120,000 | -6.7% | $307 / Sq Ft |
| 08/16/2023 08/16/23 | Price Changed | $1,200,000 | 0.0% | $329 / Sq Ft |
| 08/16/2023 08/16/23 | For Sale | $1,200,000 | 0.0% | $329 / Sq Ft |
| 06/20/2023 06/20/23 | For Sale | $1,200,000 | -- | $329 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $13,779 | $1,142,400 | $408,000 | $734,400 |
| 2023 | $13,779 | $327,788 | $133,411 | $194,377 |
| 2022 | $3,929 | $321,362 | $130,796 | $190,566 |
| 2021 | $3,866 | $315,062 | $128,232 | $186,830 |
| 2020 | $3,806 | $311,833 | $126,918 | $184,915 |
| 2019 | $3,758 | $305,720 | $124,430 | $181,290 |
| 2018 | $2,408 | $189,093 | $83,062 | $106,031 |
| 2017 | $2,366 | $185,386 | $81,434 | $103,952 |
| 2016 | $2,330 | $181,752 | $79,838 | $101,914 |
| 2015 | $2,292 | $179,024 | $78,640 | $100,384 |
| 2014 | $2,279 | $175,518 | $77,100 | $98,418 |
Source: Public Records
Agents Affiliated with this Home
-
Jesse Tinajero
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23103801
APN: 151-111-016
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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