$1,100,000
SOLD JUL 31, 2024
2 Beds
1 Bath
3,800 Sq Ft
0.29 Acres

Recently Sold

$289 Per Sq Ft

6 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Utility Room
  • Balcony
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of July 2024

Great investment opportunity in Riverside. This newer 2 separate buildings containing 2 units each with separate meters, carports and one garage, a small back patios or balconies are and laundry rooms are perfect for tenants. These buildings are located on a corner lot with central grass area ,trees, separate mail boxes. This property is located by La Sierra University and the Buddhist Temple. These buildings have a freshly painted exterior.
This property is well designed and constructed.

Last Agent to Sell the Property

COLLETTE LEE

Tower Agency Brokerage Phone: 951-961-3667 License #00936810 Listed on: 07/10/2024

Tower Agency

Last Buyer's Agent

Jorge Garcia

Elevate Real Estate Agency License #01866519

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • Density is 2-5 Units/Acre

Home Design

  • Traditional Architecture
  • Quadruplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Laundry Room
  • Carpet

Kitchen

  • Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Kitchen

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 312
  • Tax Tract Number 22
  • Assessor Parcel Number 151032009
  • $167 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $3,232
  • Gardener Expense $2,047
  • Trash Expense $2,258
  • Operating Expense $18,587
  • Gross Income $51,213
  • Net Operating Income $18,587

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Other Phone Description: 951-961 3667
  • Price Per Unit: 274998
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2047.00
  • Parcel Number: 151032009
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Entry Location: entry
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 289.47
  • Room Type: Kitchen, Primary Bathroom, Primary Bedroom, Utility Room

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Disposal
  • Electric: 220 Volts in Kitchen, Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2258.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street
  • Lot Size Sq Ft: 12632.00
  • Lot Size Acres: 0.2900
  • Latitude Manual: 33.94318700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Electric Expense: 3232.00
  • Gross Income: 51213.00
  • Gross Scheduled Income: 69800.00
  • Lot Size Area: 12632.0000 Square Feet
  • Net Operating Income: 18587.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 14632.00
  • Rent Control: No
  • Total Expenses: 18587.00

Tax Info

  • Tax Census Tract: 411.01
  • Tax Lot: 312
  • Tax Tract Number: 022
  • TaxOtherAnnualAssessmentAmount: 167.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $1,100,000 0.0% $289 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $1,099,990 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24139919

California Regional Multiple Listing Service (CRMLS)

APN: 151-032-009