Last Sold Price
7 beds5 baths3,562 sqft$295/sqft
2470 Mission Inn Ave, Riverside, CA 92507

Description

New construction duplex in downtown Riverside approx. 2 miles from UC Riverside with one 4 bedroom 3 bath unit and one 3 bedroom 2 bath unit. This building offers a prospective buyer immediate cash from in a strong rental market in a building where no expense was spared in construction.New construction duplex in downtown Riverside approx. 2 miles from UC Riverside with one 4 bedroom 3 bath unit and one 3 bedroom 2 bath unit. This building offers a prospective buyer immediate cash from in a strong rental market in a building where no expense was spared in construction.
LISTING CLOSED: 08/10/2021 12:00 AM

  1. Listed by Parham Khoshbakhtian • DRE #01446947 • Brokerage DRE #01446947 • Parham Khoshbakhtian, Broker

Property Details for 2470 Mission Inn Avenue

Status
MLS #
OC21117302
Days on Market
29
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
2020
Lot Size
0.18 AC / 8,020 SF
Parking Spaces Total
8
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Builder
Living Area
3562
Assessor Parcel Number
211-131-013
Property Attached YN
false
Common Walls
No Common Walls
New Construction
Yes
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Building Area Total
3562
Building Area Units
Square Feet
Pool
No
Zoning
R1065
Senior Community
No
Parcel Number
211131013
Area
Riverside (252)
Directions
On Mission Inn Ave, west of Comer Ave

Location

Listing Courtesy of Parham Khoshbakhtian, Broker, Parham Khoshbakhtian, DRE #01446947

Sold By WERE REAL ESTATE, KEVIN GONZALEZ, DRE #01947721

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Building Information for 2470 Mission Inn Avenue

Stories-Residences-Year Built2020Building Size-Lot Size0.18 AC / 8,020 SF

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$6,373 per month

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Principal and Interest

$5,337

Property Taxes

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HOA Dues

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Property Information for 2470 Mission Inn Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $64,800
  • Gross Scheduled Income: $64,800
  • Net Operating Income: $52,891
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Gross Multiplier: 15.42
  • Cap Rate: 5.29
  • Financing: Cash
Expense Details
  • Operating Expense: $11,909
  • New Taxes Expense: $10,989
  • Insurance Expense: $920
  • Trash Expense: $0
  • Total Expenses: $11,909
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 13
  • Tax Census Tract: 304.00
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • 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: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2470 Mission Inn Avenue

DateEvent & SourcePriceAppreciation
Aug 10, 2021

Sold

CLAW #OC21117302MR

$1,050,000
Aug 10, 2021

Sold

CRMLS #OC21117302

$1,050,000
Aug 10, 2021

Sold

SDMLS #OC21117302

$1,050,000
DateEvent & SourcePrice
08/10/2021

Sold

CLAW #OC21117302MR

$1,050,000
08/10/2021

Sold

CRMLS #OC21117302

$1,050,000
08/10/2021

Sold

SDMLS #OC21117302

$1,050,000

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

Public Records for 2470 Mission Inn Avenue

Taxable ValueLand$284,678Additions$851,872Total$1,136,550
Tax Record2025$12,430 ($1,036 / month)
Home Facts
Beds7Baths4.5Total Finished SqFt3,627 SqFtAbove Grade Finished SqFt3,627 SqFtLot Size8,712 SqFtStyleSingle Family ResidenceYear Built2019Year Renovated2019ZoningR1065CountyRIVERSIDEAPN211-131-013

Schools near 2470 Mission Inn Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Longfellow Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Abraham Lincoln Continuation School
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2470 Mission Inn Avenue, Riverside, CA 92507
$1,050,000
7
5
3,562
8,020
$283,250
4
2
2,900
17,424
$695,000
2
8
18,612
$410,000
6
6
2,613
12,197
$200,000

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 Parham Khoshbakhtian, Broker, Parham Khoshbakhtian, DRE #01446947

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.