NOT LISTED FOR SALE

Estimated Value: $957,000 - $1,038,000

8 Beds
5 Baths
-- Sq Ft
0.37 Acres

Last Sold July 13, 2012

Last sale price $300,000

Est. 232% increase in value since last sale

Current estimated payment $5,598/month

2 Days on Market

About This Home

As of July 2012

****STANDARD SALE!!!*** CALLING ALL INVESTORS!!! INCOME RENTAL PRODUCING PROPERTY IN RIVERSIDE!!! THE SALE INCLUDES THE MAIN HOUSE WITH A TRIPLEX UNIT NEXT DOOR!!! THE TRIPLEX ADDRESSES ARE 3590, 3592, AND 3594 MYERS STREET. THE LOT IS FLAT WITH PLENTY OF PARKING SPACE - LOT IS APPROX 16,158 SQ. FT!!! CORNER LOT!!! ALL UNITS AND MAIN HOUSE ARE CURRENTLY RENTED!!! NO NEED TO FIND TENANTS!!! THE MAIN HOUSE AND TRIPLEX UNITS ARE ON SEPARATE METERS. THIS IS AN INVESTOR OPPORTUNITY TO OWN RENTAL PROPERTY IN RIVERSIDE!!! BEING SOLD IN PRESENT CONDITION.

Last Agent to Sell the Property

Karen Massey

KAREN MASSEY, BROKER License #00974245 Listed on: 06/13/2012

Co-Listed By

Chris Fogleman

WESTCOE REALTORS INC License #01462548

WESTCOE REALTORS INC

Last Buyer's Agent

Chris Fogleman

WESTCOE REALTORS INC License #01462548

WESTCOE REALTORS INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,718

Year Built

  • Built in 1950

Lot Details

  • 0.37 Acre Lot

Parking

  • 10 Parking Spaces

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 234131001

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $3,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,718

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Type: Residential Income
  • Parcel Number: 234131001
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 16158.00
  • Lot Size Acres: 0.3710

Multi Family

  • Gross Income: 3350.00
  • Gross Scheduled Income: 40200.00
  • Lot Size Area: 16158.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 00000
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2013
Sold by
Chats Inc
Bought by
Pass Go Properties Inc
Current Estimated Value
$997,500

Purchase Details

Listed on
Jun 13, 2012
Closed on
Jun 20, 2012
Sold by
Blevins Randy
Bought by
Chats Inc
Seller's Agent
Karen Massey
KAREN MASSEY, BROKER
Buyer's Agent
Chris Fogleman
WESTCOE REALTORS INC
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.48%

Purchase Details

Closed on
Oct 15, 2001
Sold by
Appel R Gregg and Appel Susan Gae
Bought by
Blevins Randy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pass Go Properties Inc $300,000 Chicago Title
Chats Inc $300,000 Chicago Title Inland Empire
Blevins Randy -- Chicago Title Inland Empire
Blevins Randy $270,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blevins Randy $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2012 07/13/12 Sold $300,000 +0.3% --
06/15/2012 06/15/12 Pending -- -- --
06/13/2012 06/13/12 For Sale $299,000 -- --
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 $3,718 $337,098 $142,194 $194,904
2023 $3,718 $324,010 $136,673 $187,337
2022 $3,634 $317,658 $133,994 $183,664
2021 $3,592 $311,430 $131,367 $180,063
2020 $3,565 $308,237 $130,020 $178,217
2019 $3,499 $302,194 $127,471 $174,723
2018 $3,432 $296,270 $124,972 $171,298
2017 $3,371 $290,462 $122,522 $167,940
2016 $3,158 $284,768 $120,120 $164,648
2015 $3,110 $280,493 $118,317 $162,176
2014 $3,077 $275,000 $116,000 $159,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12074491

California Regional Multiple Listing Service (CRMLS)

APN: 234-131-001