1177 West Linden Street

Closed 6/10/15

Last Sold Price

$2,850,000

16 beds42 baths22,561 sqft$126/sqft

1177 W Linden St, Riverside, CA 92507

Description

Futura Apartments: Ideally located within walking distance to UC Riverside. Exceptional investment opportunity can add an additional 22 units to the portfolio with the purchase of property at 1117 W. Linden St! This is a well established building that is well taken care of. Exterior painting was recently completed and landscaping upgraded. All the units are currently rented. These units are larger in square footage than those in surrounding units. Property has 24 units with 1 non conforming units...Futura Apartments: Ideally located within walking distance to UC Riverside. Exceptional investment opportunity can add an additional 22 units to the portfolio with the purchase of property at 1117 W. Linden St! This is a well established building that is well taken care of. Exterior painting was recently completed and landscaping upgraded. All the units are currently rented. These units are larger in square footage than those in surrounding units. Property has 24 units with 1 non conforming units for added income. Covered tuck under parking, overnight street parking is allowed. Two separate laundry rooms with coin operated equipment. Laundry equipment is on a month to month contract. Two central hot water heaters with individual gas and electric meters, expect for the non conforming units. Fenced swimming pool located in the center of the property. Property is secure with fencing and self closing gates. Interiors include:Wall air conditioners, garbage disposals, gas stoves and refrigerators. All two bedroom units have two baths each.

LISTING CLOSED: 06/10/2015 12:00 AM

Listed by RICK PETERSON • DRE #00648356 • MR. REAL ESTATE

Property Details for 1177 West Linden Street

Status

Closed

MLS #

CV15056654

Days on Market

Taxes

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Residential Income

Year Built

1963

Lot Size

0.53 AC / 23,014 SF

County

Riverside County

Architectural Style

Contemporary

Parking Spaces Total

Private Pool

Yes

Cooling Type

Wall/Window Unit(s)

Total Units

24.0

Building Type

Detached

Lot Size Source

Assessor

Living Area

22561

Assessor Parcel Number

250-212-013

Property Attached YN

false

Common Walls

No Common Walls

Average Studio Area

442

Average 1 Bed Area

690

Average 2 Bed Area

1050

Building Area Total

22561

Pool

Yes

Association

Association Fee

$.00

Parcel Number

250212013

Area

Riverside (252)

Directions

Exit 215 on Blaine south on Iowa Ave then east on West Linden

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Location

Listing Courtesy of MR. REAL ESTATE, RICK PETERSON, DRE #00648356

Sold By Vestis Properties Inc., Sean Montgomery, DRE #01221046

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Building Information for 1177 West Linden Street

Stories2Residences-Year Built1963Building Size-Lot Size0.53 AC / 23,014 SF

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$17,724 per month

30 year fixed, 6.55% Interest

Principal and Interest

$14,486

Property Taxes

$3,238

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 1177 West Linden Street

Rental Info

Tenant Pays: Electricity, Gas

Income / Expense / Tax Details

Income Details

Gross Income: $23,928
Gross Scheduled Income: $287,136

Gross Equity: $1,825,000
Vacancy Allowance: 22971
Net Operating Income: $137,731
Number Of Rented Garages: 0
Other Income Description: 1 non conforming
Financing: Conventional

Expense Details

Operating Expense: $134,834
New Taxes Expense: $30,260

Gardener Expense: $1,680
Pest Control Expense: $600
Pool Expense: $1,200
Electric Expense: $4,000
Insurance Expense: $6,277
Maintenance Expense: $22,910
Professional Management Expense: $13,876
Other Expense: $13,476
Other Expense Description: reserves
Trash Expense: $2,208
Water Sewer Expense: $12,000
Supplies Expense: $8,749

Tax / Assessment Info

Tax Year: 2014
Tax Tract Number: 2350

Tax Lot: 25

Community / Development

Accessibility Features: 2+ Access Exits
Disability Access: 2+ Access Exits

Assessments YN: Yes
Assessments: Unknown
Community Features: Sidewalks, Street Lights

Property / Structure Info

Interior Features

Appliances: Dishwasher, Disposal, Gas Cooktop, Range Hood, Refrigerator
Equipment: Community, Dishwasher, Garbage Disposal, Hood Fan, Refrigerator, Room

Interior Features: Balcony, Copper Plumbing Full, Formica Counters, Tile Counters
Room Type: Converted Bedroom, Master Bedroom, Separate Family Room
Bathroom Features: Shower Over Tub, Shower Stall
Bedroom Features: Converted Bedroom, Master Bedroom
Laundry: Yes
Laundry Features: Community, Individual Room
Laundry Equipment Own Lease: Lease
Cooling: Wall/Window Unit(s)
Heating Type: Baseboard, Electric
Heat Source: Electric
Heating: Baseboard, Electric
Heat Equipment: Baseboard
Flooring Type: Carpet, Vinyl
Flooring: Carpet, Vinyl

Exterior Features

Door Features: Sliding Doors
Window Features: Blinds

Construction Materials: Stucco
Exterior Construction: Stucco
Exterior: Stucco
Fence: Block
Fencing: Block
Foundation Details: Slab
Foundation Details: Slab
Pool Features: Community, Fenced, Gunite, Tile
Pool Description: Community, Fenced, Gunite, Tile
Pool: Community/Common

Land/Lot Info

Lot Features: Landscaped, Lot 20000-39999 Sqft, Sprinkler System, Utilities - Overhead
Number Of Units: 24

Land Lease Type: Fee
Road Surface Type: Alley Paved
Road Frontage Type: Alley, City Street
Levels: Two
Water: Meter on Property
Sewer: In Connected and Paid
Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
Electric: Meter on Property
Water Source: Public

Parking Info

Garage Spaces: 2
Parking: Yes

Parking Garage: Assigned, Covered Parking, Parking Space
Parking Garage Spaces: 2
Carport Spaces: 21
Parking Features: Assigned, Covered, Off Street, Parking Space, Structure

Unit Information

Unit 1

Unit Type Units Total: 2
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $725
Unit Type Total Rent: $1,450
Unit Type Pro Forma: 925
Unit Type Area Units: Square Feet
Unit Type Type: 1

Unit 2

Unit Type Units Total: 1
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $668
Unit Type Total Rent: $668
Unit Type Pro Forma: 668
Unit Type Area Units: Square Feet
Unit Type Type: 10

Unit 3

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $825
Unit Type Total Rent: $825
Unit Type Pro Forma: 925
Unit Type Area Units: Square Feet
Unit Type Type: 2

Unit 4

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $850
Unit Type Total Rent: $850
Unit Type Pro Forma: 1095
Unit Type Area Units: Square Feet
Unit Type Type: 3

Unit 5

Unit Type Units Total: 2
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $875
Unit Type Total Rent: $1,750
Unit Type Pro Forma: 1095
Unit Type Area Units: Square Feet
Unit Type Type: 4

Unit 6

Unit Type Units Total: 1
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $975
Unit Type Total Rent: $975
Unit Type Pro Forma: 1195
Unit Type Area Units: Square Feet
Unit Type Type: 5

Unit 7

Unit Type Units Total: 5
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $995
Unit Type Total Rent: $4,975
Unit Type Pro Forma: 1195
Unit Type Area Units: Square Feet
Unit Type Type: 6

Unit 8

Unit Type Units Total: 1
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,000
Unit Type Total Rent: $1,000
Unit Type Pro Forma: 1195
Unit Type Area Units: Square Feet
Unit Type Type: 7

Unit 9

Unit Type Units Total: 7
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,050
Unit Type Total Rent: $7,350
Unit Type Pro Forma: 1195
Unit Type Area Units: Square Feet
Unit Type Type: 8

Unit 10

Unit Type Units Total: 3
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,095
Unit Type Total Rent: $3,285
Unit Type Pro Forma: 1195
Unit Type Area Units: Square Feet
Unit Type Type: 9

Unit Information

Number Of Units Leased: 25
Rent Controlled: No

Number Of Buildings: 4
Number Of Separate Electric Meters: 24
Number Of Separate Gas Meters: 24
Number Of Separate Water Meters: 1
Number With Dishwasher: 0
Number With Range: 25
Number With Refrigerator: 25
Number With Carpet: 25
Number With Disposal: 25
Number With Drapes: 25
Number With Patio: 24
Number Wall AC: 25

Property History for 1177 West Linden Street

Date	Event & Source	Price	Appreciation
Jun 10, 2015	Sold CRMLS #CV15056654	$2,850,000	—
Jun 10, 2015	Sold SDMLS #CV15056654	$2,850,000	—
Jun 10, 2015	Sold CLAW #CV15056654MR	$2,850,000	—
May 14, 2015	Sold (Public Record) Public Record #549704629	$1,425,000	—
Mar 20, 2015	Pending CLAW #CV15056654MR		—
Mar 20, 2015	Pending CRMLS #CV15056654		—
Mar 18, 2015	Expired CRMLS #CV15055602		—
Mar 17, 2015	Expired CLAW #CV15055602MR		—
Mar 17, 2015	Expired SDMLS #CV15055602		—
Mar 17, 2015	Listed (Active) CLAW #CV15055602MR	$2,800,000	—
Mar 17, 2015	Listed (Active) SDMLS #CV15055602	$2,800,000	—
Mar 17, 2015	Listed (Active) CRMLS #CV15055602	$2,800,000	—
Mar 12, 2015	Listed (Active) SDMLS #CV15056654	$2,800,000	—
Mar 12, 2015	Listed (Active) CRMLS #CV15056654	$2,800,000	—
Mar 12, 2015	Listed (Active) CLAW #CV15056654MR	$2,800,000	—

Date	Event & Source	Price
06/10/2015	Sold CRMLS #CV15056654	$2,850,000
06/10/2015	Sold SDMLS #CV15056654	$2,850,000
06/10/2015	Sold CLAW #CV15056654MR	$2,850,000
05/14/2015	Sold (Public Record) Public Record #549704629	$1,425,000
03/20/2015	Pending CLAW #CV15056654MR	—
03/20/2015	Pending CRMLS #CV15056654	—
03/18/2015	Expired CRMLS #CV15055602	—
03/17/2015	Expired CLAW #CV15055602MR	—
03/17/2015	Expired SDMLS #CV15055602	—
03/17/2015	Listed (Active) CLAW #CV15055602MR	$2,800,000
03/17/2015	Listed (Active) SDMLS #CV15055602	$2,800,000
03/17/2015	Listed (Active) CRMLS #CV15055602	$2,800,000
03/12/2015	Listed (Active) SDMLS #CV15056654	$2,800,000
03/12/2015	Listed (Active) CRMLS #CV15056654	$2,800,000
03/12/2015	Listed (Active) CLAW #CV15056654MR	$2,800,000

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

Public Records for 1177 West Linden Street

Taxable ValueLand$612,938Additions$2,880,830Total$3,493,768

Tax Record2025$38,853 ($3,238 / month)

Home Facts

Lot Size23,087 SqFtStyleMulti-Family Res (5+ Units)ZoningR3CountyRIVERSIDEAPN250-212-013

Schools near 1177 West Linden Street

This home is within Riverside Unified School District.


Rating	School	Type	Grades	Distance
4/10	Highland Elementary School	Public - Serves this home	K to 6	0.7 mi
5/10	University Heights Middle School	Public - Serves this home	7 to 8	0.6 mi
5/10	John W. North High School	Public - Serves this home	9 to 12	0.5 mi
6/10	REACH Leadership STEAM Academy	Charter - Choice school	K to 6	0.2 mi
9/10	Riverside STEM Academy	Public - Choice school	5 to 12	1.6 mi
2/10	Abraham Lincoln Continuation School	Public - Choice school	9 to 12	1.8 mi
NR	Islamic Academy Of Riverside	Private - Nearby school	PK to 8	0.2 mi


Rating	School	Distance
4/10	Highland Elementary School PublicK to 6 Serves this home	0.7 mi
5/10	University Heights Middle School Public7 to 8 Serves this home	0.6 mi
5/10	John W. North High School Public9 to 12 Serves this home	0.5 mi
6/10	REACH Leadership STEAM Academy CharterK to 6 Choice school	0.2 mi
9/10	Riverside STEM Academy Public5 to 12 Choice school	1.6 mi
2/10	Abraham Lincoln Continuation School Public9 to 12 Choice school	1.8 mi
NR	Islamic Academy Of Riverside PrivatePK to 8 Nearby school	0.2 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1177 West Linden Street, Riverside, CA 92507	$2,850,000	16	42	22,561	23,014
1170 Tripoli Street, Riverside, CA 92507	$5,700,000	3	51	26,975	33,976
1156 Tripoli Street, Riverside, CA 92507	–	–	–	5,022	10,019
1147 West Linden Street, Riverside, CA 92507	–	–	–	16,589	15,682
1144 Tripoli Street, Riverside, CA 92507	–	–	–	5,022	10,454
1250 West Linden Street, Unit A B C D, Riverside, CA 92507	$1,187,000	2	1.5	3,278	25,700
1250 West Linden Street, Riverside, CA 92507	$1,187,000	–	–	3,396	25,700
1120 West Linden Street, Riverside, CA 92507	–	–	–	49,202	449,104
3465 Edinburgh Avenue, Riverside, CA 92507	–	–	–	6,512	12,197
3447 Edinburgh Avenue, Riverside, CA 92507	–	–	–	6,512	12,197
1130 Tripoli Street, Riverside, CA 92507	–	–	–	–	9,583
1117 West Linden Street, Riverside, CA 92507	$2,850,000	19	40	22,339	24,159
3464 Edinburgh Avenue, Riverside, CA 92507	–	–	–	5,505	11,761
1118 Tripoli Street, Riverside, CA 92507	–	–	–	5,022	10,454
3429 Edinburgh Avenue, Riverside, CA 92507	–	–	–	6,512	12,197
1245 West Linden Street, Riverside, CA 92507	$10,125,000	–	–	86,243	334,976

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Listing Courtesy of MR. REAL ESTATE, RICK PETERSON, DRE #00648356

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.

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