NOT LISTED FOR SALE

8567 Janet Ave Riverside, CA 92503

Arlanza Neighborhood

Estimated Value: $704,223 - $994,000

16 Beds
9 Baths
6,500 Sq Ft
$124/Sq Ft Est. Value

Last Sold June 28, 2019

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

Est. 43% decrease in value since last sale

Current estimated payment $5,027/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

Est. Annual Taxes

  • $6,204

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

Est. Annual Taxes

$6,204

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
Total Days on Market
0
Current Estimated Value
$803,556

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
Jul 30, 2014
Sold by
Vermilyea Larry and Vermilyea Karen
Bought by
8567 Janet Trust

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

Similar Homes in Riverside, CA

  • 8876 Cypress Ave, Riverside, CA 92503

    $800,000

    • 4 Beds
    • 3 Baths
    • 1,886 Sq Ft
    • 8876 Cypress Ave
    • Riverside, CA

    Step into a world of opportunity with this fantastic triplex in the vibrant heart of Riverside, CA! Imagine the charm of cozy units with functional living spaces, practical kitchens, and sunlit rooms – all waiting for your personal touch. With convenient on-site parking and a delightful common outdoor area, this property is perfect for relaxation and entertaining. Located just moments from

    METIN ORUC FINKOY, INC.

    Section Image
  • 5787 Warren St, Riverside, CA 92503

    $965,000

    • 5 Beds
    • 4 Baths
    • 1,890 Sq Ft
    • 5787 Warren St
    • Riverside, CA

    A must see move-in 3 unit property in one lot! Live in one and rent the other 2 for extra income. Property includes: Front house; 2 bedrooms, 2 baths with tile flooring and has its own private yard, own laundry access, separate electric and gas meter. 2nd unit is a 1 bedroom, 1 bath, has it's own laundry area and small yard. 3rd unit is a separate house in the back, 2 bedrooms, 1 bath, has its

    Martin Cueva Advance Realty

    Section Image
  • 7460 Potomac St, Riverside, CA 92504

    $650,000

    • 4 Beds
    • 2 Baths
    • 1,647 Sq Ft
    • 7460 Potomac St
    • Riverside, CA

    ATTENTION INVESTORS!!! Amazing income-producing duplex for sale! Welcome to Potomac. This wonderful 2 unit property comes with a 3bed / 1bath and a 1bed / 1bath with long-term tenants. The long driveway for extra parking leads to a two car detached garage. Property is conveniently located close to downtown Riverside, UCR, and many great dining and shopping destinations and close to 91 freeway.

    Alejandra Avila RIVERSIDE REAL ESTATE PROFESSIONALS

    Section Image
  • 7457 Mount Vernon St, Riverside, CA 92504

    $719,000

    • 4 Beds
    • 2 Baths
    • 1,805 Sq Ft
    • 7457 Mount Vernon St
    • Riverside, CA

    Charming income producing Duplex for sale in the heart of Riverside! This property hosts 2 two bedroom one bath units. Each unit has it's own electric and gas meter and one car garage. The property has been well maintained and there is no deferred maintenance. It is a perfect opportunity to live in one unit and rent out the other, or maintain it as an income producing property with tenants in

    Ruth Bridge DePrez and Son, Inc

    Section Image
  • 7442 Potomac St, Riverside, CA 92504

    $649,000

    • 4 Beds
    • 2 Baths
    • 1,647 Sq Ft
    • 7442 Potomac St
    • Riverside, CA

    ATTENTION INVESTORS!!! Amazing income-producing duplex for sale! Welcome to Potomac. This wonderful 2 unit property comes with a 2bed / 1bath and a 2bed / 1bath with long-term tenants. The long driveway for extra parking leads to a two car detached garage. Property is conveniently located close to downtown Riverside, UCR, and many great dining and shopping destinations and close to 91 freeway.

    Alejandra Avila RIVERSIDE REAL ESTATE PROFESSIONALS

    Section Image
  • 4603 Jurupa Ave, Riverside, CA 92506

    $929,000

    • 6 Beds
    • 3 Baths
    • 2,088 Sq Ft
    • 4603 Jurupa Ave
    • Riverside, CA

    Perfect for Investors and Owner residents, available for sale are three bungalow style apartment homes situated on an oversized lot, located in the Historic Wood's Street suburb of Riverside, CA. Recently modernized, the exterior has received new automated garage door as well as newer dual paned windows. Interiors have also received upgrades with new floors, appliances, and bathroom vanities.

    Aurora Gim Expert Real Estate & Investment

    Section Image
  • 6916 36th St, Riverside, CA 92509

    $760,000

    • 5 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • 6916 36th St
    • Riverside, CA

    Fantastic Investment Opportunity in Jurupa Valley! This beautifully updated duplex offers two separate homes on one lot, each with their own private entrances, mailboxes, and storage units. The front unit was completely rebuilt in 2020, featuring a good roof, new flooring, a stove included, and a dedicated storage space. The rear unit was rebuilt in 2023, new roof, new flooring, and central A/C

    JOSE LOPEZ Seekvend Realty

    Section Image
  • 4250 10th St, Riverside, CA 92501

    $950,000

    • 5 Beds
    • 4 Baths
    • 2,210 Sq Ft
    • 4250 10th St
    • Riverside, CA

    Just listed and ideally located just minutes from Downtown Riverside, this well-maintained four-unit multifamily property offers investors immediate cash-flow with a strong **7.17% CAP Rate** and a **10.75 GRM**. The building features an ideal and versatile unit mix, including one 2-Bedroom/1-Bath two-story Townhouse, one 2-Bedroom/1-Bath flat, one 1-Bedroom/1-Bath unit, and a Studio

    Kristopher German RE/MAX 2000 REALTY

    Section Image
  • 4228 10th St, Riverside, CA 92501

    $995,000

    • 6 Beds
    • 4 Baths
    • 2,600 Sq Ft
    • 4228 10th St
    • Riverside, CA

    Now available, a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and

    Kristopher German RE/MAX 2000 REALTY

    Section Image
See All Homes in Riverside

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Change Sq Ft Price
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
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

    29 Total Sales

    Brian Lopiccolo
    Section Image

  • C

    Buyer Co-Listing Agent in 2019

    Chris Lopiccolo

    Serv Corp

    (714) 758-5788

    Chris Lopiccolo
    Section Image
See All Agents

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

This home is located at 8567 Janet Ave, Riverside, CA 92503 since 03 January 2018 and is currently estimated at $803,556, approximately $123 per square foot. This property was built in 1950. 8567 Janet Ave is a home located in Riverside County with nearby schools including Arlanza Elementary School, Wells Middle School, and Norte Vista High School.

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.

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

Nearby Homes