NOT LISTED FOR SALE

9079 Colony Place Riverside, CA 92503

Ramona Neighborhood

Estimated Value: $1,130,388 - $1,304,000

5 Beds
3 Baths
4,257 Sq Ft
$290/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $725,000 $170 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,210/month

162 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Block Wall Fence
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of April 2018

THE PROPERTY CONSISTS OF 4 UNITS . VERY WELL KEPT UNITS FEATURING THREE(3) 2BED + 1BATH, AND ONE (1) 3BEDROOM AND 2 BATH HOME. ALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY AND GAS. EACH UNIT IS EQUIPPED WITH A PRIVATE BACK YARD. ACCESS TO ALL MAJOR FREEWAYS AND SHOPPING CENTERS

Last Agent to Sell the Property

Belia Sanchez

Mission Capital Inc. License #01301020 Listed on: 10/12/2017

Last Buyer's Agent

Eugene Hwang

THE ROCK REALTY License #01381044

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 9,283 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 4,257 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Gas Cooktop
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 2
  • Tax Tract Number 8330
  • Assessor Parcel Number 191071005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Insurance Expense $1,400
  • Trash Expense $50
  • Water Sewer Expense $200
  • New Taxes Expense $7,900
  • Operating Expense $12,900
  • Net Operating Income $47,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1978 | Remodeled

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Water Sewer Expenses: 200.00
  • Zoning: R3
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 191071005
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 170.31
  • Room Type: All Bedrooms Up

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Asphalt, On Site
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Community, Gas Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9283.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 51000.00
  • Insurance Expense: 1400.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 250.00
  • Net Operating Income: 47400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Actual Rent: 4250.00
  • Total Expenses: 12900.00

Tax Info

  • New Taxes Expense: 7900.00
  • Tax Census Tract: 315.02
  • Tax Lot: 2
  • Tax Tract Number: 8330

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2025
Sold by
Kim Brian D and Kim Caroline K
Bought by
Brian And Caroline Kim Family Trust and Kim
Current Estimated Value
$1,235,347

Purchase Details

Listed on
Oct 12, 2017
Closed on
Apr 6, 2018
Sold by
Cazales Taurino
Bought by
Kim Brian D and Kim Caroline K
Seller's Agent
Belia Sanchez
Mission Capital Inc.
Buyer's Agent
Eugene Hwang
THE ROCK REALTY
List Price
$790,000
Sold Price
$725,000
Premium/Discount to List
-$65,000
-8.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$335,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2007
Sold by
Cazales Maria Salome
Bought by
Cazales Taurino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2007
Sold by
Chudzicki Mike and Chudzicki Donna
Bought by
Cazales Taurino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2004
Sold by
Trenberth Michael and Trenberth Jacquelyn
Bought by
Chudzicki Mike and Chudzicki Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2003
Sold by
Ernst Fred H and Ernst Janice T
Bought by
Trenberth Michael and Trenberth Jacquelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brian And Caroline Kim Family Trust -- None Listed On Document
Kim Brian D $725,000 Ticor Title
Cazales Taurino -- Commonwealth Land Title Co
Cazales Taurino $770,000 Commonwealth Land Title Co
Chudzicki Mike $615,000 Commonwealth Title
Trenberth Michael $350,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Brian D $335,000
Previous Owner Cazales Taurino $616,000
Previous Owner Chudzicki Mike $315,000
Previous Owner Trenberth Michael $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2018 04/13/18 Sold $725,000 -8.2% $170 / Sq Ft
10/12/2017 10/12/17 For Sale $790,000 -- $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 $9,017 $824,923 $147,916 $677,007
2023 $9,017 $792,892 $142,173 $650,719
2022 $8,814 $777,346 $139,386 $637,960
2021 $8,684 $762,104 $136,653 $625,451
2020 $8,616 $754,290 $135,252 $619,038
2019 $8,455 $739,500 $132,600 $606,900
2018 $8,014 $700,000 $115,000 $585,000
2017 $6,066 $525,000 $110,000 $415,000
2016 $5,791 $446,250 $110,250 $336,000
2015 $4,723 $425,000 $105,000 $320,000
2014 $4,769 $425,000 $105,000 $320,000
Source: Public Records

Agents Affiliated with this Home

  • Belia Sanchez

    Seller's Agent in 2018

    Belia Sanchez

    Mission Capital Inc.

    (714) 717-0751

    47 Total Sales

    Belia Sanchez
    Section Image

  • E

    Buyer's Agent in 2018

    Eugene Hwang

    THE ROCK REALTY

    (909) 771-8282

    5 Total Sales

    Eugene Hwang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17234945

California Regional Multiple Listing Service (CRMLS)

APN: 191-071-005

California Riverside County Riverside 92503 Ramona

9079 Colony Place, Riverside, CA

Not Listed for Sale

MultiFamily

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