NOT LISTED FOR SALE

9831 Cypress Ave Riverside, CA 92503

Arlanza Neighborhood
2 Beds
1 Bath
3,800 Sq Ft
0.29 Acres

Last Sold July 31, 2024

Last sale price $1,100,000 $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

  • COLLETTE LEE

    Seller's Agent in 2024

    COLLETTE LEE

    Tower Agency

    (951) 961-3667

    1 in this area

    90 Total Sales

    Section Image

  • J

    Buyer's Agent in 2024

    Jorge Garcia

    Elevate Real Estate Agency

    (951) 256-6027

    2 in this area

    20 Total Sales

    Section Image
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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

California Riverside County Riverside 92503 Arlanza

9831 Cypress Ave, Riverside, CA

This home is located at 9831 Cypress Ave, Riverside, CA 92503 since 10 July 2024. This property was built in 1986. 9831 Cypress Ave is a home located in Riverside County with nearby schools including Arlanza Elementary School, Wells Middle School, and Norte Vista High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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