10196 Gramercy Pl

Riverside, CA 92503

$362,500
Last Sold Price
3
Beds
4
Baths
1,835 Sq. Ft.
$198 / Sq. Ft.
1,835
Sq. Ft.
$198
per Sq. Ft.
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Closed 12/24/14
Closed 12/24/14

Description

Price reduced! Price reduced for quick sale. All offers will be considered. Let's open escrow! This is a great 2-unit Investment Property For Sale. This property is being sold "as-is." It needs some work, but for the right investor it will generate good rental income. The 1st unit is 3 bedrooms with 2 bathrooms. The 2nd unit is 2 bedrooms with 2 bathrooms. The lot is almost an acre with 38,333 sq.ft. There is room on the lot to possibly add another unit, but check with the City of Riverside to verify...Price reduced! Price reduced for quick sale. All offers will be considered. Let's open escrow! This is a great 2-unit Investment Property For Sale. This property is being sold "as-is." It needs some work, but for the right investor it will generate good rental income. The 1st unit is 3 bedrooms with 2 bathrooms. The 2nd unit is 2 bedrooms with 2 bathrooms. The lot is almost an acre with 38,333 sq.ft. There is room on the lot to possibly add another unit, but check with the City of Riverside to verify if allowed. There are many palm trees around the property and a long custom driveway. The 1st unit has an extra bathroom with access from the 2 space carport. This is a great opportunity for you to live in one unit and rent the other. The home backs up on the side of a hill that allows for nice view of the city.
  1. Listed by CARLOS JARAMILLO • DRE #01847350 • ARROWHEAD REALTY GROUP

Property Details for 10196 Gramercy Place

Parking Spaces Total
8
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1835
Assessor Parcel Number
147-110-008
Property Attached YN
false
LISTING CLOSED: 12/24/2014 12:00 AM

Property Details for 10196 Gramercy Place

StatusClosed
MLS #EV14217586
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1944
Lot Size0.88 AC / 38,333 SF
CountyRiverside County
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Location

Listing Courtesy of ARROWHEAD REALTY GROUP, CARLOS JARAMILLO, DRE #01847350

Sold By Tarbell Realtors-Corona, Doreen Mendoza, DRE #01875682

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Building Information for 10196 Gramercy Place

Stories1Residences-Year Built1944Building Size-Lot Size0.88 AC / 38,333 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$2,250 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,806

Property Taxes

$444

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 10196 Gramercy Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $2,500
  • Gross Scheduled Income: $30,000
  • Vacancy Allowance: 1500
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $19,671
  • Gross Multiplier: 13.07
  • Cap Rate: 5.02
  • Financing: Conventional
Expense Details
  • Operating Expense: $10,329
  • New Taxes Expense: $3,217
  • Electric Expense: $2,500
  • Insurance Expense: $1,372
  • Trash Expense: $720
  • Water Sewer Expense: $1,500
Tax / Assessment Info
  • Tax Year: 2013
  • Tax Block: 15
  • Tax Tract Number: 412
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease Type: Fee
  • Levels: One
  • Water: District
  • Sewer: In Street
  • Utilities: Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 2
  • Carport Spaces: 2
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1500
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 10196 Gramercy Place

DateEvent & SourcePriceAppreciation
Dec 24, 2014

Sold

CLAW #EV14217586MR

$362,500—
Dec 24, 2014

Sold

CRMLS #EV14217586

$362,500—
Dec 6, 2014

Sold (Public Record)

Public Record #485280860

$362,500

+8.7% / yr

DateEvent & SourcePrice
12/24/2014

Sold

CLAW #EV14217586MR

$362,500
12/24/2014

Sold

CRMLS #EV14217586

$362,500
12/06/2014

Sold (Public Record)

Public Record #485280860

$362,500

+8.7% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10196 Gramercy Place

Taxable ValueLand$124,685Additions$303,463Total$428,148
Tax Record2025$5,322 ($444 / month)
Home Facts
Baths0.8Total Finished SqFt1,030 SqFtAbove Grade Finished SqFt1,030 SqFtStories1Lot Size36,154 SqFtStyleDuplexYear Built1944ZoningRRCountyRIVERSIDEAPN147-110-056Fireplace TypeHas Fireplace

Schools near 10196 Gramercy Place

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
La Granada Elementary School
Public - K to 5
Wells Middle School
Public - 6 to 8
Norte Vista High School
Public - 9 to 12
Mission View High
Public - 9 to 12
Rating
School
Distance
La Granada Elementary School
PublicK to 5

Wells Middle School
Public6 to 8

Norte Vista High School
Public9 to 12

Mission View High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ARROWHEAD REALTY GROUP, CARLOS JARAMILLO, DRE #01847350

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.