D
Seller's Agent in 2025
Douglas Lee
COMPASS
(650) 279-1212
1 in this area
116 Total Sales
9059 Colony Place Riverside, CA 92503
Ramona Neighborhood
8
Beds
4
Baths
3,784
Sq Ft
9,583
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- Laundry Room
- Turnkey
- Cul-De-Sac
- Central Air
- Rectangular Lot
About This Home
As of October 2025Excellent 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.
Last Agent to Sell the Property
COMPASS Brokerage Phone: 650-279-1212 License #01463907 Listed on: 03/25/2025
Property Details
Home Type
- Multi-Family
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
- Tenant pays for electricity, gas, telephone
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 17, 2025
Sold by
Jung Seong Ho and Jung April Young
Bought by
Rana Jaljit and Rana Baljinder
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 18, 2024
Sold by
Asbin Llc
Bought by
Ho Jung Seong and Im Jung April
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
8.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 18, 2019
Sold by
Nabati Ali and Soltani Kobra
Bought by
Asbin Llc
Purchase Details
Closed on
Jul 31, 2018
Sold by
Asbin Llc
Bought by
Nabati Ali and Soltani Kobra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 16, 2018
Sold by
Nabati Ali and Soltani Kobra
Bought by
Asbin Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Nov 8, 2016
Closed on
Nov 29, 2016
Sold by
Tejera Luis and Tejera Angie
Bought by
Asbin Llc
Seller's Agent
Virginia Bellinis
Coldwell Banker Tri-Counties R
Buyer's Agent
Cecilia Hernandez
First Union Real Estate
List Price
$550,000
Sold Price
$539,900
Premium/Discount to List
-$10,100
-1.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%
Purchase Details
Closed on
Apr 16, 2001
Sold by
Wu Hui Hsiung and Wu Chen Hung Yu
Bought by
Tejera Luis and Tejera Angie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.92%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,345,500 | Pacific Coast Title | |
| 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 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $910,000 | New Conventional | |
| Previous Owner | $825,000 | New Conventional | |
| Previous Owner | $325,000 | New Conventional | |
| Previous Owner | $550,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/21/2025 10/21/25 | Sold | $1,345,300 | -0.3% | $356 / Sq Ft | |
| 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 | View Prior Sale |
| 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 |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
Source: Public Records
Agents Affiliated with this Home
-
Douglas Lee
-
Choeun Kem
C
Buyer's Agent in 2025
Choeun Kem
Pacific Delta
(562) 599-7376
1 in this area
6 Total Sales
-
Virginia Bellinis
V
Seller's Agent in 2016
Virginia Bellinis
Coldwell Banker Tri-Counties R
(909) 861-9835
6 Total Sales
-
C
Buyer's Agent in 2016
Cecilia Hernandez
First Union Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25048685
APN: 191-071-007
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.
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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Ask me questions while you tour the home.