NOT LISTED FOR SALE

8749 Cypress Ave Riverside, CA 92503

Arlanza Neighborhood
Studio
-- Bath
-- Sq Ft
0.39 Acres

Last Sold September 28, 2012

Last sale price $262,000

53 Days on Market

About This Home

As of September 2012

TWO LOTS. INCLUDES APN #'s 151-080-001 AND 151-062-006. Which is lots 294C and 294D. This is the 75' x 225' lot that the building is on AND the 126' x 225' lot on the west side. Commercial (C2) Lot with existing tenants of a church and barber shop. Rear part of building has four 1 bedroom units. Utilities are combined. Owned by a trust receiver. Can be short escrow. Commercial mixed property sold AS-IS. Inspect or have professionally inspected prior to any offers. No contingencies.

Last Agent to Sell the Property

Brad Hilt

Brad Hilt, Broker License #00581757 Listed on: 07/05/2012

Last Buyer's Agent

Brad Hilt

Brad Hilt, Broker License #00581757 Listed on: 07/05/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 75 x 225

Home Design

  • Frame Construction
  • Asphalt Roof
  • Stucco

Parking

  • 30 Parking Spaces
  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tax Lot 294C
  • Tax Tract Number 151
  • Assessor Parcel Number 151080001

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,914
  • Insurance Expense $2,500
  • Maintenance Expense $1,000
  • Pest Control $600
  • Trash Expense $840
  • Water Sewer Expense $1,910
  • New Taxes Expense $2,400
  • Gross Income $4,200
  • Net Operating Income $3,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: As existing except what is tenant owned.
  • Water Sewer Expenses: 1910.00
  • Property Type: Residential Income
  • Parcel Number: 151080001
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One

Exterior Features

  • Roof: Asphalt
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 30.00

Utilities

  • Pest Control Expense: 600.00
  • Trash Expense: 840.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size: 75 x 225
  • Lot Size Sq Ft: 17002.00
  • Lot Size Acres: 0.3900

Multi Family

  • Electric Expense: 4914.00
  • Gross Income: 4200.00
  • Gross Scheduled Income: 4200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 17002.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 3100.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 1100.00
  • Rent Control: No
  • Total Actual Rent: 4200.00

Tax Info

  • New Taxes Expense: 2400.00
  • Tax Lot: 294C
  • Tax Tract Number: 151
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2025
Sold by
Thems Community Llc
Bought by
8749 Cypress Avenue Llc

Purchase Details

Closed on
Apr 12, 2019
Sold by
Zeus Usa Holdings Llc
Bought by
Thems Community Llc

Purchase Details

Closed on
Dec 12, 2014
Sold by
Arvizo Juan
Bought by
Thems Community Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 5, 2012
Closed on
Nov 8, 2012
Sold by
Arvizo Juan
Bought by
Zeus Usa Holdings Llc
Seller's Agent
Brad Hilt
Brad Hilt, Broker
Buyer's Agent
Brad Hilt
Brad Hilt, Broker
List Price
$220,000
Sold Price
$262,000
Premium/Discount to List
$42,000
19.09%

Purchase Details

Listed on
Jul 5, 2012
Closed on
Aug 28, 2012
Sold by
Waterfall Victoria Mortgage Trust 2010-S
Bought by
Arvizo Juan
Seller's Agent
Brad Hilt
Brad Hilt, Broker
Buyer's Agent
Brad Hilt
Brad Hilt, Broker
List Price
$220,000
Sold Price
$262,000
Premium/Discount to List
$42,000
19.09%

Purchase Details

Closed on
Jul 5, 2011
Sold by
Saucedo Remigio
Bought by
Waterfall Victoria Mortgage Trust 2010-S

Purchase Details

Closed on
Mar 3, 2004
Sold by
Morales Olivia
Bought by
Saucedo Remigio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2004
Sold by
Barajas Miguel
Bought by
Saucedo Remigio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
5.99%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2002
Sold by
Damitio Paul E and Damitio Patricia
Bought by
Barajas Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2000
Sold by
Barnett William R and Barnett William
Bought by
Damitio Paul E and Damitio Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
8.27%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
8749 Cypress Avenue Llc -- None Listed On Document
Thems Community Llc -- None Available
Thems Community Llc $237,500 Lawyers Title
Zeus Usa Holdings Llc $133,500 Lawyers Title
Arvizo Juan -- Lawyers Title Company
Waterfall Victoria Mortgage Trust 2010-S $239,941 Pacific Coast Title
Saucedo Remigio -- Ticor Title San Bernardino
Saucedo Remigio $510,000 Ticor Title San Bernardino
Barajas Miguel $350,000 Commonwealth Land Title Co
Damitio Paul E -- Northern Counties Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thems Community Llc $90,000
Previous Owner Saucedo Remigio $357,000
Previous Owner Barajas Miguel $214,000
Previous Owner Damitio Paul E $57,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2012 09/28/12 Sold $262,000 +19.1% --
08/27/2012 08/27/12 Pending -- -- --
07/05/2012 07/05/12 For Sale $220,000 -- --
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 $5,554 $455,410 $145,388 $310,022
2023 $5,554 $437,729 $139,744 $297,985
2022 $5,145 $429,147 $137,004 $292,143
2021 $5,063 $420,733 $134,318 $286,415
2020 $4,983 $416,420 $132,941 $283,479
2019 $4,919 $408,256 $130,335 $277,921
2018 $4,852 $400,252 $127,780 $272,472
2017 $4,763 $392,405 $125,275 $267,130
2016 $4,686 $384,712 $122,819 $261,893
2015 $4,613 $378,935 $120,975 $257,960
2014 $3,992 $321,452 $120,544 $200,908
Source: Public Records

Agents Affiliated with this Home

  • Brad Hilt

    Seller's Agent in 2012

    Brad Hilt

    Brad Hilt, Broker

    (951) 544-0324

    9 Total Sales

    Brad Hilt
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12084183

California Regional Multiple Listing Service (CRMLS)

APN: 151-080-001

California Riverside County Riverside 92503 Arlanza

8749 Cypress Ave, Riverside, CA

Not Listed for Sale

MultiFamily

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