Sold
Last Sold Price
2 beds16 baths7,200 sqft$231/sqft
10394 Hole Ave, Riverside, CA 92505
Multi FamilyProperty Type
0.32 acresLot Size
1973Year Built
$231/sq ftPrice per sq ft
15 carsParking Spaces

Description

10394 Hole Avenue is an 8-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. Built in 1973, the property consists exclusively of spacious 2 bed/1.5 bath townhome units and offers amenities including open parking, on-site laundry, and private balconies. 10394 Hole Avenue is located within a 0.5 mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million square foot shopping mall, Michaels Plaza, Tyler Street Plaza, and...10394 Hole Avenue is an 8-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. Built in 1973, the property consists exclusively of spacious 2 bed/1.5 bath townhome units and offers amenities including open parking, on-site laundry, and private balconies. 10394 Hole Avenue is located within a 0.5 mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million square foot shopping mall, Michaels Plaza, Tyler Street Plaza, and Magnolia Plaza, providing residents with easy access to major retailers. Additionally, the property is just 1 mile from California State Route 91, placing residents in close proximity to nearby employment hubs.
  • Listed by: Tyler Leeson DRE #01451551 Brokerage DRE #00530854 • Marcus & Millichap RE Invest
Listing closed: 07/23/2021 12:00 AM • Source: CRMLS, MLS#: OC21076381

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Otay Real Estate Company, Frank Ohrmund, DRE #01169441

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$10,267 per month

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Principal and Interest

$8,438

Property Taxes

$1,829

HOA Dues

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Property Information for 10394 Hole Avenue

Property Details
  • MLS Type: Residential Income
  • Parking Spaces Total: 15
  • Private Pool: No
  • Total Units: 8.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 7200
  • Assessor Parcel Number: 143-202-001
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 7200
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Pool: No
  • Zoning: R3
  • Senior Community: No
  • Parcel Number: 143202001
  • Area: Not Defined (699)
  • Directions: Cross Streets: Hole Avenue & Bonita Avenue
Building Information
  • Stories: 2
  • Year Built: 1973
  • Lot Size: 0.32 AC / 13,939 SF
Income / Expense / Tax Details
Income Details
  • Gross Income: $108,800
  • Gross Scheduled Income: $108,000
  • Vacancy Allowance: 3240
  • Gross Operating Income: $105,560
  • Net Operating Income: $59,018
  • Other Income Description: Miscellaneous
  • Other Income 1: $800
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $46,542
  • New Taxes Expense: $19,719
  • Fuel Expense: $2,203
  • Electric Expense: $2,203
  • Insurance Expense: $3,600
  • Maintenance Expense: $5,200
  • Professional Management Expense: $4,222
  • Other Expense: $4,989
  • Other Expense Description: Misc
  • Trash Expense: $2,203
  • Water Sewer Expense: $2,203
  • Total Expenses: $46,542
Tax / Assessment Info
  • Tax Tract Number: 041407
  • Tax Census Tract: 414.07
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 15
  • Open Other Spaces Total: 15
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $9,000
  • Unit Type Total Rent: $9,000
  • Unit Type Pro Forma: 12000
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 10394 Hole Avenue

DateEvent & SourcePriceAppreciation
Jul 23, 2021

Sold

CLAW #OC21076381MR

$1,660,000
Jul 23, 2021

Sold

CRMLS #OC21076381

$1,660,000
Jul 23, 2021

Sold

SDMLS #OC21076381

$1,660,000
DateEvent & SourcePrice
07/23/2021

Sold

CLAW #OC21076381MR

$1,660,000
07/23/2021

Sold

CRMLS #OC21076381

$1,660,000
07/23/2021

Sold

SDMLS #OC21076381

$1,660,000

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

Public Records for 10394 Hole Avenue

Taxable ValueLand$303,080Additions$1,493,756Total$1,796,836
Tax Record2025$21,943 ($1,829 / month)
Home Facts
Total Finished SqFt7,200 SqFtAbove Grade Finished SqFt7,200 SqFtStories2Lot Size13,939 SqFtStyleMulti-Family Res (5+ Units)Year Built1970Year Renovated1970ZoningR3CountyRIVERSIDEAPN143-202-001

Schools near 10394 Hole Avenue

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Collett Elementary School
PublicK to 5

Arizona Middle School
Public6 to 8

La Sierra 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 10394 Hole Avenue, Riverside, CA 92505
$1,660,000
2
16
7,200
13,939
$610,000
3
1.75
1,125
7,405
$610,000
3
1,125
7,405
$185,000
3
2
1,125
7,405
4
1.75
1,400
6,970
3
1.75
1,125
7,841

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 Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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.