NOT LISTED FOR SALE
2 Beds
1 Bath
3,800 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: July 31, 2024

Last sale price $1,100,000 $289 Per Sq Ft

6 Days on Market

Highlights

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

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

  • 12,632 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Density is 2-5 Units/Acre

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

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

0.29 Acres

Listing Details

  • 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
  • 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,678 $1,100,000 $380,000 $720,000
2023 $4,678 $364,240 $111,387 $252,853
2022 $4,335 $357,099 $109,203 $247,896
2021 $4,263 $350,098 $107,062 $243,036
2020 $4,196 $346,509 $105,965 $240,544
2019 $4,143 $339,716 $103,888 $235,828
2018 $4,087 $333,055 $101,851 $231,204
2017 $4,014 $326,525 $99,854 $226,671
2016 $3,949 $320,124 $97,897 $222,227
2015 $3,891 $315,318 $96,428 $218,890
2014 $3,876 $309,143 $94,540 $214,603
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

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