10880 Wells Avenue

Closed 12/27/12
Closed 12/27/12
Triplex 10880 Wells Avenue
Last Sold Price
$288,000
2 beds3 baths1,978 sqft$146/sqft
10880 Wells Ave, Riverside, CA 92505

Description

Triplex just two blocks from Hole Avenue. Short distance from original Five Points intersection of La Sierra and Pierce. Check with City of Riverside for an update on recent development projects. Property is also zoned CG Commercial General, allowing for varied commercial usage in the future as the economy grows. Property falls within the La Sierra/Arlanza Project Area. Contact Development or Listing Agents for additional information. Present income may be lower than market rents, but is offset by...Triplex just two blocks from Hole Avenue. Short distance from original Five Points intersection of La Sierra and Pierce. Check with City of Riverside for an update on recent development projects. Property is also zoned CG Commercial General, allowing for varied commercial usage in the future as the economy grows. Property falls within the La Sierra/Arlanza Project Area. Contact Development or Listing Agents for additional information. Present income may be lower than market rents, but is offset by consistently on-time payments by longstanding tenants. See financial attachment in "Supplemnets" for market rent analysis. 3 units at 10980 Wells Ave also for sale. See MLS# I12063484.
LISTING CLOSED: 12/27/2012 12:00 AM

  1. Listed by BRENDA ATKINSON • DRE #01254811 • PRUDENTIAL CALIF REALTY/RIV
  2. Listed by HEIKE MC INALLY • DRE #1273358 • Birgit Enterprises

Property Details for 10880 Wells Avenue

Status
Closed
MLS #
I12063503
Days on Market
131
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1963
Lot Size
0.13 AC / 5,663 SF
County
Riverside County
Parking Spaces Total
4
Total Units
3.0
Lot Size Source
Assessor
Living Area
1978
Assessor Parcel Number
146-252-001
Building Area Total
1978
Stories Total
1
Zoning
CG
Parcel Number
146252001
Area
Riverside (252)

Recent comparable sales

Median sold price

$550,000

Avg days on market

62

Sale-to-list ratio

94.6%

Riverside, CA

9 comparable properties found

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Location

Listing Courtesy of PRUDENTIAL CALIF REALTY/RIV, BRENDA ATKINSON, DRE #01254811; Birgit Enterprises, HEIKE MC INALLY, DRE #1273358

Sold By OUT OF AREA, OUT OF AREA, DRE #0

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Building Information for 10880 Wells Avenue

Stories1Residences-Year Built1963Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

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$1,834 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,464

Property Taxes

$370

HOA Dues

$0

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Property Information for 10880 Wells Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $1,500
  • Gross Scheduled Income: $18,000
  • Vacancy Allowance: 1200
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $11,750
  • Cap Rate: 6.73
  • Financing: Conventional
Expense Details
  • Operating Expense: $6,250
  • Operating Expense Percent: 34.72%
  • New Taxes Expense: $3,600
  • Building Expenses: $13,950
  • Electric Expense: $0
  • Insurance Expense: $1,000
  • Maintenance Expense: $450
  • Trash Expense: $0
  • Water Sewer Expense: $1,200
Tax / Assessment Info
  • Tax Year: 2011
  • Tax Tract Number: na
  • Tax Lot: 1
Community / Development
Community / Development
  • Investment Property: No
Property / Structure Info
Interior Features
  • Heating Type: None
  • Heating: None
Exterior Features
  • Fence: No
Land/Lot Info
  • Number Of Units: 3
  • Levels: One
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Building Name: 10880 Wells Avenue
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $500
  • Unit Type Total Rent: $500
  • Unit Type Pro Forma: 800
  • Unit Type Area: 659
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 10880 Wells Avenue

DateEvent & SourcePriceAppreciation
Dec 27, 2012

Sold

CRMLS #CC320492

$288,000—
Dec 26, 2012

Sold

CRMLS #I12063503

$288,000—
Dec 26, 2012

Sold

CLAW #I12063503MR

$288,000—
DateEvent & SourcePrice
12/27/2012

Sold

CRMLS #CC320492

$288,000
12/26/2012

Sold

CRMLS #I12063503

$288,000
12/26/2012

Sold

CLAW #I12063503MR

$288,000

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

Public Records for 10880 Wells Avenue

Taxable ValueLand$75,354Additions$286,376Total$361,730
Tax Record2025$4,441 ($370 / month)
Home Facts
Baths3Total Finished SqFt1,978 SqFtAbove Grade Finished SqFt1,978 SqFtStories1Lot Size5,663 SqFtStyleTriplexYear Built1963Year Renovated1963ZoningC3CountyRIVERSIDEAPN146-252-001

Schools near 10880 Wells Avenue

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Myra Linn Elementary School
Public - K to 5
Arizona Middle School
Public - 6 to 8
La Sierra High School
Public - 9 to 12
Mission View High
Public - 9 to 12
Rating
School
Distance
Myra Linn 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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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 PRUDENTIAL CALIF REALTY/RIV, BRENDA ATKINSON, DRE #01254811; Birgit Enterprises, HEIKE MC INALLY, DRE #1273358

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.