NOT LISTED FOR SALE

8787 Indiana Ave Riverside, CA 92503

Presidential Park Neighborhood

Estimated Value: $830,850 - $1,168,000

6 Beds
4 Baths
2,816 Sq Ft
$334/Sq Ft Est. Value

Last Sold December 19, 2018

Last sale price $530,000 $188 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,675/month

25 Days on Market

About This Home

As of December 2018

**INVESTORS SPECIAL** BRING YOUR TOOLS AND SOME TLC WILL MAKE THESE UNITS LOOK LIKE NEW!! LOCATED CLOSE TO FREEWAY ACCESS, SHOPPING, SCHOOLS AND DINING! ALL OF THE CURRENT TENANTS HAVE BEEN THERE FOR MANY YEARS AND HAVE NEVER HAD ANY ISSUES WITH. PLEASE DO NOT DISTURB TENANTS.. MAKE ALL OFFERS SUBJECT TO INTERIOR INSPECTION. DONT' WAIT BECAUSE THEY WILL NOT LAST!

Last Agent to Sell the Property

Katherine Daville

PROSPERITY REAL ESTATE & ASSOC License #01441437 Listed on: 10/06/2018

Last Buyer's Agent

Frank Hernandez

Sunrise Acceptance Corp License #01074254

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,511

Year Built

  • Built in 1963

Lot Details

  • 10,241 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 2,816 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 2641
  • Assessor Parcel Number 233140011

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,320
  • Operating Expense $1,320
  • Net Operating Income $36,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,511

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Other Phone Description: 909-437-3006
  • Property Attached: Yes
  • Water Sewer Expenses: 1320.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 233140011
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 188.21

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10241.00
  • Lot Size Acres: 0.2351

Multi Family

  • Gross Scheduled Income: 36300.00
  • Lot Size Area: 10241.0000 Square Feet
  • Net Operating Income: 36100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Expenses: 1320.00

Tax Info

  • Tax Census Tract: 317.04
  • Tax Lot: 8
  • Tax Tract Number: 2641

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2018
Closed on
Nov 7, 2018
Sold by
Pena Ediberto and Pena Anita
Bought by
Le Kailyn Ngan and Le Trung Huu
Seller's Agent
Katherine Daville
PROSPERITY REAL ESTATE & ASSOC
Buyer's Agent
Frank Hernandez
Sunrise Acceptance Corp
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$941,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,713
Avg. Annual Appreciation
7.86%
Original Mortgage
$397,500
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1993
Sold by
Cisneros Henry G
Bought by
Pena Edilberto and Pena Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Le Kailyn Ngan $530,000 First American Title Company
Pena Edilberto $90,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Trung Huu $521,000
Closed Le Trung Huu $487,500
Closed Le Kailyn Ngan $397,500
Previous Owner Pena Edilberto $195,000
Previous Owner Pena Edilberto $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2018 12/19/18 Sold $530,000 -2.8% $188 / Sq Ft
11/01/2018 11/01/18 Price Changed $545,000 +3.8% $194 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/06/2018 10/06/18 For Sale $525,000 -- $186 / 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 $6,511 $591,219 $139,437 $451,782
2023 $6,511 $568,263 $134,023 $434,240
2022 $6,365 $557,122 $131,396 $425,726
2021 $6,277 $546,199 $128,820 $417,379
2020 $6,230 $540,600 $127,500 $413,100
2019 $6,114 $530,000 $125,000 $405,000
2018 $2,741 $228,522 $91,407 $137,115
2017 $2,694 $224,042 $89,615 $134,427
2016 $2,530 $219,650 $87,858 $131,792
2015 $2,493 $216,353 $86,540 $129,813
2014 $2,469 $212,117 $84,846 $127,271
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Katherine Daville

    PROSPERITY REAL ESTATE & ASSOC

    (909) 437-3006

    17 Total Sales

    Section Image

  • F

    Buyer's Agent in 2018

    Frank Hernandez

    Sunrise Acceptance Corp

    (562) 622-8012

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18244834

California Regional Multiple Listing Service (CRMLS)

APN: 233-140-011

California Riverside County Riverside 92503 Presidential Park

8787 Indiana Ave, Riverside, CA

This home is located at 8787 Indiana Ave, Riverside, CA 92503 since 06 October 2018 and is currently estimated at $941,713, approximately $334 per square foot. This property was built in 1963. 8787 Indiana Ave is a home located in Riverside County with nearby schools including Hawthorne Elementary School, Chemawa Middle School, and Arlington 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

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