2938 9th St

4
Baths
2,240 Sq. Ft.
$228 / Sq. Ft.
2,240
Sq. Ft.
$228
per Sq. Ft.

Description

Great Cash Flowing Property! Property was fully upgraded within the last 2 years. Property fully rented by the City of Riverside Housing Dept, not Sect 8. It is part of the Great City of Riverside's efforts for Housing. This has 3 units of 1 bd 1 ba, and 1 unit of 2 bd 2 ba, City has cleared its as a 4 Unit and of Non-Historic, so Upgrading and Remodeling is ok.Great Cash Flowing Property! Property was fully upgraded within the last 2 years. Property fully rented by the City of Riverside Housing Dept, not Sect 8. It is part of the Great City of Riverside's efforts for Housing. This has 3 units of 1 bd 1 ba, and 1 unit of 2 bd 2 ba, City has cleared its as a 4 Unit and of Non-Historic, so Upgrading and Remodeling is ok.
  1. Listed by MANUEL MARQUEZ • DRE #01223058 • Brokerage DRE #01956409 • Golden California

Property Details for 2938 9th Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2240
Assessor Parcel Number
211-191-009
Property Attached YN
false
LISTING CLOSED: 07/24/2018 12:00 AM

Property Details for 2938 9th Street

StatusClosed
MLS #IV18141078
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1908
Lot Size0.24 AC / 10,454 SF
CountyRiverside County

Location

Listing Courtesy of Golden California, MANUEL MARQUEZ, DRE #01223058

Sold By Coldwell Banker Alliance RTY, Diane S Sanchez, DRE #01787955

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Building Information for 2938 9th Street

Stories2Residences-Year Built1908Building Size-Lot Size0.24 AC / 10,454 SF

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$3,086 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,546

Property Taxes

$540

HOA Dues

$0

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Property Information for 2938 9th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $55,500
  • Gross Scheduled Income: $55,500
  • Net Operating Income: $34,253
  • Cap Rate: 6.85
  • Financing: Cash
Expense Details
  • Operating Expense: $21,248
  • New Taxes Expense: $6,238
  • Gardener Expense: $1,200
  • Fuel Expense: $1,577
  • Licenses Expense: $388
  • Electric Expense: $4,589
  • Insurance Expense: $1,145
  • Professional Management Expense: $2,500
  • Trash Expense: $0
  • Water Sewer Expense: $3,611
  • Total Expenses: $21,248
Tax / Assessment Info
  • Tax Tract Number: 21
  • Tax Census Tract: 304.00
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Other/Remarks
  • Sewer: Public Sewer
  • Water Source: See Remarks
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $925
  • Unit Type Pro Forma: 995
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $925
  • Unit Type Pro Forma: 950
  • Unit Type Type: 2
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: 0
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $925
  • Unit Type Pro Forma: 950
  • Unit Type Type: 3
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: 0
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $925
  • Unit Type Pro Forma: 950
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 2938 9th Street

DateEvent & SourcePriceAppreciation
Jul 24, 2018

Sold

SDMLS #IV18141078

$511,000
Jul 24, 2018

Sold

CRMLS #IV18141078

$511,000
Jul 24, 2018

Sold

CLAW #IV18141078MR

$511,000
DateEvent & SourcePrice
07/24/2018

Sold

SDMLS #IV18141078

$511,000
07/24/2018

Sold

CRMLS #IV18141078

$511,000
07/24/2018

Sold

CLAW #IV18141078MR

$511,000

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

Public Records for 2938 9th Street

Taxable ValueLand$98,505Additions$471,520Total$570,025
Tax Record2025$6,478 ($540 / month)
Home Facts
Baths3.8Total Finished SqFt1,644 SqFtAbove Grade Finished SqFt1,644 SqFtStories2Lot Size9,147 SqFtStyleQuadraplexYear Built1908ZoningM2CountyRIVERSIDEAPN211-191-009Fireplace TypeHas Fireplace

Schools near 2938 9th Street

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
Pachappa Elementary School
PublicK to 6

Central 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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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 Golden California, MANUEL MARQUEZ, DRE #01223058

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.