NOT LISTED FOR SALE

8551 Mission Blvd Riverside, CA 92509

Glen Avon Neighborhood

Estimated Value: $735,000 - $2,358,000

3 Beds
4 Baths
8,960 Sq Ft
$189/Sq Ft Est. Value

Last Sold April 28, 2016

Last sale price $800,000 $89 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $9,392/month

35 Days on Market

Highlights

  • 1.18 Acre Lot
  • Mountainous Community
  • Back Yard

About This Home

As of April 2016

Unique investment opportunity 3 Lots for sale together. Zoned C-P-S. Together the land is over an acre. You can live in home and do business from commercial portion or lease out all. Commercial portion 8960 soft., has 6 offices, 7 loading docks, 2 bathrooms, 3 huge refrigeration units and so much more. Home is 1500 soft with 3 bed, 2 bath live-in or lease out.
For sale zoned C-P-S: Parcel 171-090-009, 171-090-008, 171-090-004. Buyer and buyers agent to verify all permits, codes, square footage and zonings.

Last Agent to Sell the Property

Hajia Zafar

First Team Real Estate License #01169977 Listed on: 02/03/2016

First Team Real Estate

Last Buyer's Agent

Jerry Tomeo

MGR REAL ESTATE, INC. License #01907707

MGR REAL ESTATE, INC.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 1.18 Acre Lot
  • No Common Walls
  • Back Yard

Home Design

  • 8,960 Sq Ft Home

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 171090009

Community Details

Overview

  • 2 Buildings
  • Mountainous Community

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

1.18 Acres

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 171090009
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 89.29

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Community Features: Mountainous

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 51401.00
  • Price Per Lot Square Foot: 15.56
  • Lot Size Acres: 1.1800

Multi Family

  • Lot Size Area: 1.1800 Acres
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Rent Control: No

Tax Info

  • Tax Lot: .
  • Tax Tract Number: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2023
Sold by
Jet Iv Holdings Llc
Bought by
Jet Iv Holdings Llc
Current Estimated Value
$1,696,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$980,558
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$715,566

Purchase Details

Listed on
Feb 3, 2016
Closed on
Mar 10, 2016
Sold by
United Fresh Produce
Bought by
Jet Iv Holdings Llc
Seller's Agent
Hajia Zafar
First Team Real Estate
Buyer's Agent
Jerry Tomeo
MGR REAL ESTATE, INC.
List Price
$760,000
Sold Price
$800,000
Premium/Discount to List
$40,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$650,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 1997
Sold by
Firestone Kathryn N
Bought by
United Fresh Produce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.23%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jet Iv Holdings Llc -- Fidelity National Title
Jet Iv Holdings Llc $799,000 Orange Coast Title Company
United Fresh Produce $200,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jet Iv Holdings Llc $1,000,000
Previous Owner Jet Iv Holdings Llc $650,000
Previous Owner United Fresh Produce $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2016 04/28/16 Sold $800,000 +5.3% $89 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $760,000 -- $85 / 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 $7,850 $729,300 $392,700 $336,600
2023 $7,850 $292,416 $110,366 $182,050
2022 $3,300 $286,683 $108,202 $178,481
2021 $3,279 $281,063 $106,081 $174,982
2020 $3,251 $278,182 $104,994 $173,188
2019 $3,189 $272,729 $102,936 $169,793
2018 $3,088 $275,070 $100,918 $174,152
2017 $3,059 $269,828 $98,940 $170,888
2016 $1,417 $122,317 $51,246 $71,071
2015 $1,400 $120,597 $50,477 $70,120
2014 $1,307 $118,387 $49,489 $68,898
Source: Public Records

Agents Affiliated with this Home

  • Hajia Zafar

    Seller's Agent in 2016

    Hajia Zafar

    First Team Real Estate

    (909) 552-3131

    8 Total Sales

    Hajia Zafar
    Section Image
  • Jerry Tomeo

    Buyer's Agent in 2016

    Jerry Tomeo

    MGR REAL ESTATE, INC.

    (909) 981-4466

    8 Total Sales

    Jerry Tomeo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16024598

California Regional Multiple Listing Service (CRMLS)

APN: 171-090-009

California Riverside County Riverside 92509 Glen Avon

8551 Mission Blvd, Riverside, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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