NOT LISTED FOR SALE

Estimated Value: $623,000 - $718,000

4 Beds
2 Baths
1,460 Sq Ft
$462/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $600,000 $411 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,250/month

7 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • 5-minute walk to Arlington Park
  • No Heating

About This Home

As of May 2022

Great duplex Arlington, one of Riverside's oldest neighborhoods, retaining a village character that dates back to the community's founding in 1875. We are proud to present this very well maintained duplex built in 1954 which features updated plumbing and electrical (2007), main line replacement (2021), sitting on a large 8,276 square foot lot with ample parking on long driveway. Unit mix is comprised of a spacious 1 bedroom, 1 bathroom unit in front. Comprised of a single car garage, patio, indoor laundry, wall ac, and wall furnace. Back unit is a spacious 3 bedroom, 1 bathroom unit with central air & heat, nice grass backyard, and single car garage with laundry hook ups. Both units will be delivered vacant. Great investment opportunity for investor or buyer looking to reduce monthly mortgage costs - live in one, rent the other. Current owner has kept the units up very well. Will not last!

Last Agent to Sell the Property

Paul Purunjian

Purunjian Inc. License #01417303 Listed on: 04/19/2022

Co-Listed By

TIffany Purunjian

Purunjian Inc. License #01914986

Last Buyer's Agent

Fernando Aguilar Jr.

Keller Williams Pacific Estates License #01771442

Keller Williams Pacific Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,896

Year Built

  • Built in 1954

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4 Bedrooms
  • 1,460 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Suburban Location
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 42 / 12
  • Tax Tract Number 316
  • Assessor Parcel Number 191281005
  • $83 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Water Sewer Expense $720
  • Operating Expense $10,620
  • Gross Income $47,400
  • Net Operating Income $36,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,896

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 300000
  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 191281005
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 410.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 47400.00
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 36780.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10620.00
  • Rent Control: No
  • Total Expenses: 10620.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 316.02
  • Tax Lot: 42
  • Tax Tract Number: 316.02
  • TaxOtherAnnualAssessmentAmount: 83.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2016
Sold by
Fasciano Lana Van Beek
Bought by
Lasted Ventures Inc
Current Estimated Value
$674,432

Purchase Details

Closed on
Feb 21, 2015
Sold by
Vanbeek Lana and Van Beek Pasciano Lana
Bought by
Vanbeek Fasciano Lana and The Lana Van Beek Fasciano Revocable Liv

Purchase Details

Closed on
Dec 29, 1993
Sold by
Vanbeek Edward and Vanbeek Lana
Bought by
Vanbeek Edward and Vanbeek Lana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
7.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 1993
Sold by
Vanbeek Edward R
Bought by
Vanbeek Lana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
7.38%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Lasted Ventures Inc -- None Available
Vanbeek Fasciano Lana -- None Available
Vanbeek Edward -- Quality Title Company
Vanbeek Lana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanbeek Edward $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $600,000 0.0% $411 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $599,999 -- $411 / 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 $6,896 $636,722 $117,875 $518,847
2023 $6,896 $611,999 $113,299 $498,700
2022 $2,417 $211,464 $69,322 $142,142
2021 $2,396 $207,318 $67,963 $139,355
2020 $2,378 $205,194 $67,267 $137,927
2019 $2,334 $201,172 $65,949 $135,223
2018 $2,289 $197,228 $64,656 $132,572
2017 $2,249 $193,362 $63,389 $129,973
2016 $2,107 $189,572 $62,147 $127,425
2015 $2,077 $186,726 $61,214 $125,512
2014 $2,057 $183,070 $60,016 $123,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22078473

California Regional Multiple Listing Service (CRMLS)

APN: 191-281-005