2981 Elgin Drive

Closed 7/31/15
Closed 7/31/15
Gallery Image 1
Sold
Last Sold Price
$599,000
8 beds4 baths4,200 sqft$143/sqft
2981 Elgin Dr, Riverside, CA 92507
Multi FamilyProperty Type
8,018 sq ftLot Size
1973Year Built
$143/sq ftPrice per sq ft
$394/moHOA Fees
4 carsParking Spaces

Description

Investors and aspiring investors. Take a look at this great property! This can be investment income or live in 1 unit and rent the other 3! This superb property is located just minutes from the University of California at Riverside. 4 units total; all with 2 bedrooms and 1.5 baths! Each unit has a cozy fireplace and a designated private fenced backyard area. This property is the best in the area with newer windows throughout and one of the few with central heat and A/C. In addition, the complex has...Investors and aspiring investors. Take a look at this great property! This can be investment income or live in 1 unit and rent the other 3! This superb property is located just minutes from the University of California at Riverside. 4 units total; all with 2 bedrooms and 1.5 baths! Each unit has a cozy fireplace and a designated private fenced backyard area. This property is the best in the area with newer windows throughout and one of the few with central heat and A/C. In addition, the complex has had the plumbing re-piped and a new roof installed over the past several years. As well as the local amenities available, the occupants of this complex have on-site laundry facilities and access to the sparkling association pool! Call now for addition info!
  • Listed by: James Cottrell DRE #01445984 • Carrington Real Estate Service
Listing closed: 07/31/2015 12:00 AM • Source: CRMLS, MLS#: IG15095125

Recent comparable sales

Median sold price

$790,000

Avg days on market

51

Sale-to-list ratio

102.5%

Riverside, CA

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Location

Listing Courtesy of Carrington Real Estate Service, James Cottrell, DRE #01445984

Sold By Kathleen Adams Real Estate, In, Kathleen Adams, DRE #01454467

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$4,108 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,045

Property Taxes

$669

HOA Dues

$394

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Property Information for 2981 Elgin Drive

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • Parking Spaces Total: 4
  • Private Pool: Yes
  • Cooling Type: Central Air
  • Total Units: 4.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 4200
  • Assessor Parcel Number: 250-122-005
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • Building Area Total: 4200
  • Stories Total: 2
  • Fireplace: Yes
  • Pool: Yes
  • Association: Yes
  • Association Fee: $394.00
  • Association Fee Frequency: Monthly
  • Parcel Number: 250122005
  • Area: Riverside (252)
Building Information
  • Stories: 2
  • Year Built: 1973
  • Lot Size: 0.18 AC / 8,018 SF
Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $39,888
  • Gross Scheduled Income: $39,888
  • Net Operating Income: $21,191
  • Other Income Description: laundry
  • Financing: Conventional
Expense Details
  • Operating Expense: $18,696
  • New Taxes Expense: $6,604
  • Cable TV Expense: $0
  • Licenses Expense: $145
  • Furniture Replacement Expense: $0
  • Electric Expense: $1,283
  • Insurance Expense: $2,402
  • Maintenance Expense: $2,611
  • Other Expense: $4,728
  • Other Expense Description: HOA
  • Trash Expense: $0
  • Water Sewer Expense: $0
Tax / Assessment Info
  • Tax Year: 2014
  • Tax Tract Number: 2602
  • Tax Lot: 15
Community / Development
Community / Development
  • Association Amenities: Pool
  • Community Features: Curbs, Sidewalks
  • Complex Name: TLC
  • Association Name: TLC
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room, Outside
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Virtual Tour URL Unbranded: http://2981elgindr.eproptour.com
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Double Pane Windows
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Pool Features: Association, Community, In Ground
  • Pool Description: Association Pool, Community, In Ground
  • Pool: Below Ground, Community/Common
Land/Lot Info
  • Lot Features: Cul-De-Sac
  • Number Of Units: 4
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Meter on Property
  • Sewer: In Connected and Paid
  • Utilities: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Unassigned
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Unassigned
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $925
  • Unit Type Pro Forma: 975
  • 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: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $925
  • Unit Type Pro Forma: 975
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $575
  • Unit Type Total Rent: $575
  • Unit Type Pro Forma: 975
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $899
  • Unit Type Total Rent: $899
  • Unit Type Pro Forma: 975
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 2981 Elgin Drive

DateEvent & SourcePriceAppreciation
Jul 31, 2015

Sold

SDMLS #IG15095125

$599,000—
Jul 31, 2015

Sold

CLAW #IG15095125MR

$599,000—
Jul 31, 2015

Sold

CRMLS #IG15095125

$599,000—
DateEvent & SourcePrice
07/31/2015

Sold

SDMLS #IG15095125

$599,000
07/31/2015

Sold

CLAW #IG15095125MR

$599,000
07/31/2015

Sold

CRMLS #IG15095125

$599,000

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

Public Records for 2981 Elgin Drive

Taxable ValueLand$143,684Additions$579,582Total$723,266
Tax Record2025$8,032 ($669 / month)
Home Facts
Total Finished SqFt4,200 SqFtAbove Grade Finished SqFt4,200 SqFtStories2Lot Size7,841 SqFtStyleQuadraplexYear Built1965Year Renovated1965ZoningR3CountyRIVERSIDEAPN250-122-005

Schools near 2981 Elgin Drive

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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Listing Courtesy of Carrington Real Estate Service, James Cottrell, DRE #01445984

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.