9039 Colony Place Riverside, CA 92503
Ramona NeighborhoodEstimated payment $7,990/month
Highlights
- No Units Above
- Balcony
- Laundry Room
- Contemporary Architecture
- Living Room
- Tile Flooring
About This Home
Dreamed of owning income property, with $20,000 of upgrades, just completed? This 4-unit townhouse style property comprises 9 bedroom/6 baths and will EXCEED ALL your EXPECTATIONS! Each townhome has two floors with 1,000 square feet of living space, and each with its own private patio area. Unit A has 3 bedrooms/2 baths with its ensuite! UNIT B - D has 2 bedrooms/1 baths each, all with central air/heat in each unit. The four units share a community laundry room that is coin-operated and serviced by a 3rd party. For added convenience, there are 8-9 assigned parking spaces at the front of the units. The property is at the end of the cul-de-sac located behind the renovated Stater Brothers shopping center with a Canes nearby.There have been yearly rental increases, and after all expenses, there is a PROFIT! Why wait?
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 8,712 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Wood Fence
- Front Yard
Home Design
- Contemporary Architecture
- Quadruplex
- Slab Foundation
Interior Spaces
- 4,080 Sq Ft Home
- 2-Story Property
- Living Room
Kitchen
- Gas Oven
- Gas Range
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- All Upper Level Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 8 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 191071009
- Seller Considering Concessions
Community Details
Overview
- 4 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $900
- Insurance Expense $4,513
- Trash Expense $2,409
- Water Sewer Expense $2,400
- Operating Expense $14,856
- Gross Income $84,900
- Net Operating Income $3,938
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,827 | $1,273,449 | $185,711 | $1,087,738 |
| 2023 | $13,827 | $1,224,000 | $178,500 | $1,045,500 |
| 2022 | $5,280 | $459,912 | $109,171 | $350,741 |
| 2021 | $5,211 | $450,895 | $107,031 | $343,864 |
| 2020 | $5,172 | $446,273 | $105,934 | $340,339 |
| 2019 | $5,077 | $437,523 | $103,857 | $333,666 |
| 2018 | $4,979 | $428,945 | $101,821 | $327,124 |
| 2017 | $4,893 | $420,535 | $99,825 | $320,710 |
| 2016 | $4,584 | $412,290 | $97,868 | $314,422 |
| 2015 | $4,519 | $406,099 | $96,399 | $309,700 |
| 2014 | $4,477 | $398,146 | $94,511 | $303,635 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/07/2025 11/07/25 | Price Changed | $1,300,000 | -1.9% | $319 / Sq Ft | |
| 09/19/2025 09/19/25 | Price Changed | $1,325,000 | -1.9% | $325 / Sq Ft | |
| 08/03/2025 08/03/25 | For Sale | $1,350,000 | +12.5% | $331 / Sq Ft | |
| 04/01/2022 04/01/22 | Sold | $1,200,000 | +23.1% | $294 / Sq Ft | View Prior Sale |
| 03/01/2022 03/01/22 | Pending | -- | -- | -- | |
| 02/11/2022 02/11/22 | For Sale | $975,000 | -- | $239 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Gift Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed | -- | -- | |
| Grant Deed | $2,400,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | New Century Title Glendale | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $337,000 | American Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | Provident Title Company | |
| Grant Deed | $255,000 | Benefit Land Title | |
| Corporate Deed | $210,000 | Chicago Title Co | |
| Corporate Deed | $135,000 | Chicago Title Insurance Co | |
| Trustee Deed | $116,250 | Chicago Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $900,000 | New Conventional | |
| Previous Owner | $0 | New Conventional | |
| Previous Owner | $340,750 | Commercial | |
| Previous Owner | $235,900 | Commercial | |
| Previous Owner | $253,305 | FHA | |
| Previous Owner | $157,500 | Commercial | |
| Previous Owner | $190,000 | Commercial | |
| Closed | $21,000 | No Value Available |
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-23546
APN: 191-071-009
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