1177 West Linden Street

Closed 6/10/15
Closed 6/10/15
Gallery Image 1
Sold
Last Sold Price
$2,850,000
16 beds42 baths22,561 sqft

1177 W Linden St, Riverside, CA 92507

Multi FamilyProperty Type
0.53 acresLot Size
1963Year Built
$126/sq ftPrice per sq ft
23 carsParking Spaces

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.
  • Listed by: RICK PETERSON DRE #00648356 • MR. REAL ESTATE
Listing closed: 06/10/2015 12:00 AM • Source: CRMLS, MLS#: CV15056654
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Recent comparable sales

Median sold price

$3,175,000

Avg days on market

100

Sale-to-list ratio

89.0%

Riverside, CA

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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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Principal and Interest

$15,215

Property Taxes

$3,238

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Property Information for 1177 West Linden Street

Property Details

  • MLS Type: Residential Income
  • County: Riverside County
  • Architectural Style: Contemporary
  • Parking Spaces Total: 23
  • 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: No
  • Association Fee: $.00
  • Parcel Number: 250212013
  • Area: Riverside (252)
  • Directions: Exit 215 on Blaine south on Iowa Ave then east on West Linden

Building Information

  • Stories: 2
  • Year Built: 1963
  • Lot Size: 0.53 AC / 23,014 SF

Rental Info

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

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

DateEvent & SourcePriceAppreciation
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—
DateEvent & SourcePrice
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

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

Public records

1177 West Linden Street

Lot Size

23,087 SqFt

Style

Multi-Family Res (5+ Units)

Zoning

R3

County

RIVERSIDE

APN

250-212-013

Schools near 1177 West Linden Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Highland Elementary School
Public - K to 6
University Heights Middle School
Public - 7 to 8
John W. North High School
Public - 9 to 12
REACH Leadership STEAM Academy
Charter - K to 6
Rating
School
Distance
Highland Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

REACH Leadership STEAM Academy
CharterK to 6

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: 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

Explore Nearby Homes

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 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.