NOT LISTED FOR SALE

8567 Janet Ave Riverside, CA 92503

Arlanza Neighborhood

Estimated Value: $508,000 - $1,829,000

16 Beds
9 Baths
6,500 Sq Ft
$149/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $1,400,000 $215 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $5,591/month

Highlights

  • Cul-De-Sac
  • No Heating
  • 1-Story Property
  • Laundry Room

About This Home

As of June 2019

Multi-Plex 9 apartment units in 3 buildings. . This has 4 lots in total. The property is fenced and secure with two entry points. 16 bedrooms in total with 9+ bathrooms. All new roofs an all three buildings, all new carpeting and flooring, freshly painted inside and out. Complete rehab in 2017.

Last Agent to Sell the Property

Brian Lopiccolo

Serv Corp License #01196054 Listed on: 01/03/2018

Last Buyer's Agent

Brian Lopiccolo

Serv Corp License #01196054 Listed on: 01/03/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 9,148 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Home Design

  • Property Attached

Interior Spaces

  • 6,500 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 9 Bathrooms

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 151111024

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Insurance Expense $1,100
  • Professional Management Expense $1,800
  • New Taxes Expense $3,500
  • Operating Expense $6,400
  • Gross Income $114,000
  • Net Operating Income $114,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 1800.00
  • Property Attached: Yes
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 151111024
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 215.38

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 114000.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Total: 9
  • Rent Control: No
  • Total Actual Rent: 11225.00
  • Total Expenses: 6400.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Census Tract: 411.01
  • Tax Lot: 00
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2019
Sold by
Vermilyea Karen
Bought by
Demisi Ameed
Current Estimated Value
$965,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 1999
Sold by
Whiteside Manor Inc
Bought by
Vermilyea Larry and Vermilyea Karen

Purchase Details

Closed on
Jun 8, 1999
Sold by
Vermilyea and Karen
Bought by
Vermilyea Larry and Vermilyea Karen

Purchase Details

Closed on
Jun 29, 1998
Sold by
Vermilyea Larry and Vermilyea Karen
Bought by
Vermilyea Larry and Vermilyea Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,611
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 1996
Sold by
Vermilyea Larry and Vermilyea Karen
Bought by
Vermilyea Larry and Vermilyea Karen

Purchase Details

Closed on
Apr 24, 1995
Sold by
Hud
Bought by
Vermilyea Larry and Vermilyea Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,050
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 15, 1994
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Dec 28, 1993
Sold by
Mulligan James P
Bought by
Fleet Mtg Corp
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
Demisi Ameed $459,000 Stewart Title
Vermilyea Larry $35,000 Fidelity National Title
Vermilyea Larry -- --
Vermilyea Larry -- First American Title Co
Vermilyea Larry -- Ati Title Company
Vermilyea Larry $72,000 Quality Title Company
Hud -- First Southwestern Title Co
Fleet Mtg Corp $105,125 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demisi Ameed $344,250
Previous Owner Vermilyea Larry $73,611
Previous Owner Vermilyea Larry $99,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $1,400,000 -12.2% $215 / Sq Ft
01/03/2018 01/03/18 Pending -- -- --
01/03/2018 01/03/18 For Sale $1,595,000 -- $245 / 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 $6,204 $512,018 $83,661 $428,357
2023 $6,204 $492,137 $80,413 $411,724
2022 $5,745 $482,488 $78,837 $403,651
2021 $5,649 $473,029 $77,292 $395,737
2020 $5,559 $468,180 $76,500 $391,680
2019 $2,113 $170,158 $29,768 $140,390
2018 $2,085 $166,823 $29,185 $137,638
2017 $2,048 $163,553 $28,613 $134,940
2016 $2,016 $160,347 $28,052 $132,295
2015 $1,987 $157,940 $27,632 $130,308
2014 $1,980 $154,848 $27,092 $127,756
Source: Public Records

Agents Affiliated with this Home

  • Brian Lopiccolo

    Seller's Agent in 2019

    Brian Lopiccolo

    Serv Corp

    (951) 907-0360

    26 Total Sales

    Brian Lopiccolo
    Section Image

  • C

    Buyer Co-Listing Agent in 2019

    Chris Lopiccolo

    Serv Corp

    (714) 758-5788

    Chris Lopiccolo
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW18002108

California Regional Multiple Listing Service (CRMLS)

APN: 151-111-024

California Riverside County Riverside 92503 Arlanza

8567 Janet Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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