10640 Burton St

Riverside, CA 92505

$825,000
Last Sold Price
2
Beds
4
Baths
3,950 Sq. Ft.
$209 / Sq. Ft.
3,950
Sq. Ft.
$209
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/26/20
Closed 12/26/20

Description

100% Occupied Riverside Fourplex with Below market rents and all tenants paying! This is the first time this property has been on the market for over 30 years. The property consists of one four unit building. All units are two bedroom one bathroom with two units being upstairs and two downstairs. Tenants are responsible for gas and electric and owner pays for water, sewer and common area utilities. Each unit has two parking spaces on the premises with 2 of the units having covered garage spaces....100% Occupied Riverside Fourplex with Below market rents and all tenants paying! This is the first time this property has been on the market for over 30 years. The property consists of one four unit building. All units are two bedroom one bathroom with two units being upstairs and two downstairs. Tenants are responsible for gas and electric and owner pays for water, sewer and common area utilities. Each unit has two parking spaces on the premises with 2 of the units having covered garage spaces. All tenants are currently paying full rent have lease expirations coming in the near future. This will allow a buyer to substantially increase rents in the units over the next year. Recent Upgrades to the property include newly repaved driveway and parking lot, exterior paint, plumbing upgrades and more. This property can be purchased by itself or with 10652 Burton St.
  1. Listed by Matthew Hopkins • DRE #01819074 • Brokerage DRE #01020312 • Citivest Inc

Property Details for 10640 Burton Street

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3950
Assessor Parcel Number
143-243-001
Property Attached YN
false
LISTING CLOSED: 12/26/2020 12:00 AM

Property Details for 10640 Burton Street

StatusClosed
MLS #PW20211416
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.18 AC / 7,841 SF
CountyRiverside County
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Location

Listing Courtesy of Citivest Inc, Matthew Hopkins, DRE #01819074

Sold By HomeSmart, Evergreen Realty, Kevin Chiang, DRE #01741832

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Building Information for 10640 Burton Street

Stories-Residences-Year Built1965Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$5,137 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,193

Property Taxes

$944

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 10640 Burton Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $400
  • Gross Scheduled Income: $71,200
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $71,200
  • Net Operating Income: $45,955
  • Number Of Rented Garages: 2
  • Laundry Income: $400
  • Financing: Conventional
Expense Details
  • Operating Expense: $23,745
  • New Taxes Expense: $9,350
  • Fuel Expense: $800
  • Electric Expense: $550
  • Insurance Expense: $1,750
  • Maintenance Expense: $5,500
  • Professional Management Expense: $3,480
  • Trash Expense: $915
  • Water Sewer Expense: $1,400
  • Total Expenses: $23,745
Tax / Assessment Info
  • Tax Tract Number: 041407
  • Tax Census Tract: 414.07
  • Tax Lot: 33
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn, Sprinklers In Front
  • Number Of Units: 4
  • Land Lease: Yes
  • Land Lease Type: Lease
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,636
  • Unit Type Total Rent: $55,632
  • Unit Type Pro Forma: 5900
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 10640 Burton Street

DateEvent & SourcePriceAppreciation
Dec 26, 2020

Hold

SDMLS #PW20211416

—
Dec 22, 2020

Sold

CRMLS #PW20211416

$825,000—
Dec 22, 2020

Sold

CLAW #PW20211416MR

$825,000—
DateEvent & SourcePrice
12/26/2020

Hold

SDMLS #PW20211416

—
12/22/2020

Sold

CRMLS #PW20211416

$825,000
12/22/2020

Sold

CLAW #PW20211416MR

$825,000

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

Public Records for 10640 Burton Street

Taxable ValueLand$126,967Additions$800,457Total$927,424
Tax Record2025$11,325 ($944 / month)
Home Facts
Total Finished SqFt3,538 SqFtAbove Grade Finished SqFt3,538 SqFtStories2Lot Size7,841 SqFtStyleQuadraplexYear Built1965Year Renovated1965ZoningR3CountyRIVERSIDEAPN143-243-001

Schools near 10640 Burton Street

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Collett Elementary School
Public - K to 5
Arizona Middle School
Public - 6 to 8
La Sierra High School
Public - 9 to 12
Summit Secondary
Public - 6 to 12
Rating
School
Distance
Collett Elementary School
PublicK to 5

Arizona Middle School
Public6 to 8

La Sierra High School
Public9 to 12

Summit Secondary
Public6 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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
10628 Burton Street, Riverside, CA 92505
$150,000
–
–
3,538
6,098
10652 Burton Street, Riverside, CA 92505
$819,850
2
4
3,950
7,405
10641 Cass Street, Riverside, CA 92505
–
4
1.75
1,534
7,405
10662 Burton Street, Riverside, CA 92505
–
–
–
3,538
6,534
10612 Burton Street, Riverside, CA 92505
–
–
–
3,538
7,405

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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 Citivest Inc, Matthew Hopkins, DRE #01819074

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.