1180 Central Ave

Riverside, CA 92507

$2,205,000
Last Sold Price
15
Beds
12
Baths
7,831 Sq. Ft.
$282 / Sq. Ft.
7,831
Sq. Ft.
$282
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/27/23
Closed 12/27/23

Description

Rare Opportunity to own this Multi Family in Riverside. First time in market in almost 50 years. Strategic location. Close to UC Riverside, shopping centers, restaurants & adjacent to Canyon Crest Country Club Course with exceptional views form 5 of 7 units. Most recent renovations are as follows: New landscaping, Newer water heater, New gas lines ( 5 months ago ), Newer roof ( welded down ), 3 of 7 units recently renovated, New paintings of moldings, frames, doors, fences, balconies, railings and...Rare Opportunity to own this Multi Family in Riverside. First time in market in almost 50 years. Strategic location. Close to UC Riverside, shopping centers, restaurants & adjacent to Canyon Crest Country Club Course with exceptional views form 5 of 7 units. Most recent renovations are as follows: New landscaping, Newer water heater, New gas lines ( 5 months ago ), Newer roof ( welded down ), 3 of 7 units recently renovated, New paintings of moldings, frames, doors, fences, balconies, railings and parking resealed and painted completely.
  1. Listed by Paul Sarkissian • DRE #01452059 • Brokerage DRE #01452059 • So-Cal Realty • 310-892-7285

Property Details for 1180 Central Avenue

Parking Spaces Total
7
Private Pool
No
Total Units
7.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING CLOSED: 12/27/2023 12:00 AM

Property Details for 1180 Central Avenue

StatusClosed
MLS #GD23158084
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1975
Lot Size0.32 AC / 13,939 SF
CountyRiverside County
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Location

Listing Courtesy of So-Cal Realty, Paul Sarkissian, DRE #01452059

Sold By NONMEMBER MRML, BLAKE TORGERSON, DRE #01919955

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Building Information for 1180 Central Avenue

Stories2Residences-Year Built1975Building Size-Lot Size0.32 AC / 13,939 SF

Payment Calculator

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$13,312 per month

30 year fixed, 6.55% Interest

Principal and Interest

$11,208

Property Taxes

$2,104

HOA Dues

$0

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Property Information for 1180 Central Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $160,037
  • Gross Scheduled Income: $160,037
  • Net Operating Income: $107,429
Expense Details
  • Operating Expense: $52,607
  • Fuel Expense: $5,000
  • Electric Expense: $689
  • Insurance Expense: $4,488
  • Professional Management Expense: $8,636
  • Trash Expense: $2,588
  • Water Sewer Expense: $1,398
  • Total Expenses: $22,799
Tax / Assessment Info
  • Tax Tract Number: 3164
  • Tax Census Tract: 422.06
  • CFD/Mello-Roos Fee: $291
  • Tax Lot: 54
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Golf, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Land Lease: No
  • Land Lease Amount: $0
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking: Yes
  • Parking Features: Assigned
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2400
  • 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: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • 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: $1,505
  • Unit Type Total Rent: $1,505
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • 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: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 0

Property History for 1180 Central Avenue

DateEvent & SourcePriceAppreciation
Dec 27, 2023

Sold

CRMLS #GD23158084

$2,205,000—
Dec 27, 2023

Sold

SDMLS #GD23158084

$2,205,000—
Dec 20, 2023

Sold (Public Record)

Public Record #1524358812

$2,205,000—
DateEvent & SourcePrice
12/27/2023

Sold

CRMLS #GD23158084

$2,205,000
12/27/2023

Sold

SDMLS #GD23158084

$2,205,000
12/20/2023

Sold (Public Record)

Public Record #1524358812

$2,205,000

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

Public Records for 1180 Central Avenue

Taxable ValueLand$728,280Additions$1,565,802Total$2,294,082
Tax Record2025$25,250 ($2,104 / month)
Home Facts
Total Finished SqFt8,157 SqFtAbove Grade Finished SqFt8,157 SqFtStories1Lot Size13,939 SqFtStyleMulti-Family Res (5+ Units)Year Built1969Year Renovated1969ZoningR3CountyRIVERSIDEAPN254-162-008

Schools near 1180 Central Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Emerson Elementary School
Public - K to 6
University Heights Middle School
Public - 7 to 8
John W. North High School
Public - 9 to 12
Riverside STEM Academy
Public - 5 to 12
Rating
School
Distance
Emerson Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

Riverside STEM Academy
Public5 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)
5270 Vía Viejo, Riverside, CA 92507
$649,500
6
2,717
16,553
1160 Central Avenue, Riverside, CA 92507
–
–
–
19,048
26,136
5265 Vía Viejo, Riverside, CA 92507
$720,000
4
1,911
13,939
1195 Vía Pintada, Riverside, CA 92507
$834,000
3
1,651
15,246
1144 Blazewood Street, Riverside, CA 92507
$461,475
4
3,077
13,068

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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 So-Cal Realty, Paul Sarkissian, DRE #01452059

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.