NOT LISTED FOR SALE

901 Via Zapata Riverside, CA 92507

28 Beds
26 Baths
10,230 Sq Ft
0.64 Acres

Last Sold December 15, 2023

Last sale price $4,725,500 $462 Per Sq Ft

29 Days on Market

Highlights

  • Rooftop Deck
  • 0.64 Acre Lot
  • Spanish Architecture
  • Gated Parking
  • Property is near a park
  • Courtyard Views

About This Home

As of December 2023

Situated in the serene Canyon Crest neighborhood in Riverside, "The Summit Villas" at 901 Via Zapata emerges as a distinguished 17-unit multifamily property. Built in 1993, 901 Via Zapata spans 10,230 SF and is situated on an impressive 27,878 SF manicured lot. The rare & unique unit mix comprises (11) 2 Bed + 1.5 Bath Townhome-Style units with Private Balconies & (6) 1 Bed + 1 Bath Townhome-Style units with Private Rooftop Decks. The property is strategically located near the Canyon Crest Towne Centre, a hub for shopping, dining, and entertainment, as well as the renowned University of California, Riverside which is just a short drive away. Each unit is equipped with central heat and air, providing a comfortable living environment year-round. Additional amenities include an on-site manager, controlled and secure access for added safety, convenient on-site laundry facilities, and secured underground parking that accommodates 23 vehicles. The property offers investors a rare opportunity to acquire a top tier asset in a sought-after location with significant rental demand, promising both stability and potential for upside.

Last Agent to Sell the Property

Megan Husri

Keller Williams Studio City License #02089901 Listed on: 09/05/2023

Keller Williams Studio City

Co-Listed By

David Weinberger

Keller Williams Studio City License #01349349

Last Buyer's Agent

Nicholas Devine

Realty Executives Temecula License #01919981

Realty Executives Temecula

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 0.64 Acre Lot
  • Gated Home

Parking

  • 23 Car Direct Access Garage
  • Side by Side Parking
  • Gated Parking
  • Controlled Entrance

Home Design

  • Spanish Architecture

Interior Spaces

  • 10,230 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Vinyl Flooring
  • Courtyard Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 26 Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Balcony
  • Rooftop Deck
  • Covered Patio or Porch

Additional Features

  • Property is near a park
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 254-181-006

Community Details

Security

  • Resident Manager or Management On Site
  • Card or Code Access

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Parking

23

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Contact Megan Husri For More Information and Questions. Situated in the serene Canyon Crest neighborhood in Riverside, "The Summit Villas" at 901 Via Zapata emerges as a distinguished 17-unit multifamily property. Built in 1993, 901 Via Zapata spans 10,230 SF and is situated on an impressive 27,878 SF manicured lot. The rare & unique unit mix comprises (11) 2 Bed + 1.5 Bath Townhome-Style units with Private Balconies & (6) 1 Bed + 1 Bath Townhome-Style units with Private Rooftop Decks. The property is strategically located near the Canyon Crest Towne Centre, a hub for shopping, dining, and entertainment, as well as the renowned University of California, Riverside.
  • Living Area: 10230
  • Lot Acreage: 0.6400
  • Stories: 2
  • Year Built: 1993
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Mixed
  • Appliances: Oven-Gas, Gas/Electric Range
  • Bedrooms: 28
  • Bathroom Features: Shower Over Tub, Tile
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 26.00
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 366.57

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Roof Top Deck, Deck(s), Patio Open, Balcony
  • Pool: No
  • Spa Yn: No
  • View: Courtyard, Walk Street
  • View: Yes

Garage/Parking

  • Garage Spaces: 23
  • Parking Garage: Assigned, Attached, Community Garage, Controlled Entrance, Garage Is Attached, Gated, Side By Side, Direct Entrance
  • Total Parking: 23

Utilities

  • Heating: Forced Air
  • Security: Resident Manager, Gated, Card/Code Access
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 86.10
  • Assessed Improvement Value: 866501
  • Assessed Land Percent: 13.9
  • Assessed Land Value: 139830
  • Total Assessed Value: 1006331
  • Assessor Parcel Number: 254-181-006
  • Lot Description: Alley Paved, Resident Manager, Curbs, Walk Street, Street Paved, Sidewalks
  • Lot Location: Park Nearby
  • Lot Size Area: 27878

Rental Info

  • Number Leased: 17

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.70
  • Number Of Units: 17
  • Type Of Units: 2
  • Vacancy Allow Percent: 2.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $4,725,500 +26.0% $462 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $3,750,000 -- $367 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Megan Husri

    Seller's Agent in 2023

    Megan Husri

    Keller Williams Studio City

    (310) 775-7529

    1 in this area

    86 Total Sales

    Megan Husri
    Section Image
  • David Weinberger

    Seller Co-Listing Agent in 2023

    David Weinberger

    Keller Williams Studio City

    (818) 970-0915

    1 in this area

    68 Total Sales

    David Weinberger
    Section Image
  • Nicholas Devine

    Buyer's Agent in 2023

    Nicholas Devine

    Realty Executives Temecula

    (951) 234-4286

    1 in this area

    28 Total Sales

    Nicholas Devine
    Section Image
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Map

Source: The MLS

MLS Number: 23-308603

The MLS

APN: 254-181-006

California Riverside County Riverside 92507

901 Via Zapata, Riverside, CA

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