9059 Colony Place Riverside, CA 92503
Ramona NeighborhoodEstimated payment $7,757/month
Highlights
- All Bedrooms Downstairs
- Laundry Room
- Turnkey
- Cul-De-Sac
- Central Air
- Rectangular Lot
About This Home
Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.
Listing Agent
COMPASS Brokerage Phone: 650-279-1212 License #01463907 Listed on: 03/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,762
Year Built
- Built in 1978
Lot Details
- 9,583 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Wood Fence
- Rectangular Lot
- Back Yard
Home Design
- Quadruplex
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 3,784 Sq Ft Home
- 2-Story Property
- Gas Oven
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- All Bedrooms Down
- 4 Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Private Parking
- Paved Parking
- Parking Lot
Location
- Suburban Location
Utilities
- Central Air
- No Heating
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 8330
- Assessor Parcel Number 191071007
- $168 per year additional tax assessments
Community Details
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $1,800
- Gardener Expense $480
- Insurance Expense $3,227
- Trash Expense $1,000
- Water Sewer Expense $1,000
- New Taxes Expense $16,875
- Operating Expense $24,382
- Gross Income $96,180
- Net Operating Income $71,798
Additional Features
- 4 Units
- Laundry Facilities
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 | $6,762 | $1,122,000 | $239,700 | $882,300 |
| 2023 | $6,762 | $590,759 | $120,884 | $469,875 |
| 2022 | $6,610 | $579,176 | $118,514 | $460,662 |
| 2021 | $6,518 | $567,821 | $116,191 | $451,630 |
| 2020 | $6,467 | $562,000 | $115,000 | $447,000 |
| 2019 | $6,478 | $562,752 | $150,858 | $411,894 |
| 2018 | $6,354 | $551,718 | $147,900 | $403,818 |
| 2017 | $6,242 | $540,900 | $145,000 | $395,900 |
| 2016 | $3,131 | $276,196 | $69,998 | $206,198 |
| 2015 | $3,086 | $272,049 | $68,948 | $203,101 |
| 2014 | $3,056 | $266,722 | $67,599 | $199,123 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Pending | -- | -- | -- |
| 04/07/2025 04/07/25 | Price Changed | $1,350,000 | +35.0% | $357 / Sq Ft |
| 03/25/2025 03/25/25 | For Sale | $999,950 | +85.2% | $264 / Sq Ft |
| 12/06/2016 12/06/16 | Sold | $539,900 | 0.0% | $180 / Sq Ft |
| 11/16/2016 11/16/16 | Off Market | $539,900 | -- | -- |
| 11/15/2016 11/15/16 | Pending | -- | -- | -- |
| 11/09/2016 11/09/16 | Price Changed | $539,900 | -1.8% | $180 / Sq Ft |
| 11/08/2016 11/08/16 | For Sale | $550,000 | -- | $183 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,100,000 | Ticor Title | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Lawyers Title Company | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | $541,000 | First American Title Co Reco | |
| Grant Deed | $202,500 | Investors Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $825,000 | New Conventional | |
| Previous Owner | $640,000 | New Conventional | |
| Previous Owner | $325,000 | New Conventional | |
| Previous Owner | $550,000 | Purchase Money Mortgage | |
| Previous Owner | $360,000 | Unknown | |
| Previous Owner | $120,000 | Commercial | |
| Previous Owner | $100,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25048685
APN: 191-071-007
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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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