3613 Nye Ave, Unit 1

Riverside, CA 92505

$4,800,000
Last Sold Price
2
Beds
32
Baths
14,500 Sq. Ft.
$331 / Sq. Ft.
14,500
Sq. Ft.
$331
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 5/19/21
Closed 5/19/21

Description

This is a unique opportunity to own a high quality 16 unit condominium complex. All units already have their own Assessor Parcel Numbers and the seller is considering selling each unit separately. The complex was built in 2007 but due to the 2008 recession the units never sold and eventually were rented. The complex is operating as a higher end apartment complex, and each unit pays its own trash, sewer, water, electric and gas bills. Normally apartments pay many of these expenses, so the rents appear...This is a unique opportunity to own a high quality 16 unit condominium complex. All units already have their own Assessor Parcel Numbers and the seller is considering selling each unit separately. The complex was built in 2007 but due to the 2008 recession the units never sold and eventually were rented. The complex is operating as a higher end apartment complex, and each unit pays its own trash, sewer, water, electric and gas bills. Normally apartments pay many of these expenses, so the rents appear slightly lower than competing high quality newer apartments. Each unit has an attached two car garage, with laundry in the garage. The complex is gated on both sides and there is an attractive central grass area with kids playset and BBQ grills.
  1. Listed by Kurt Tiedt • DRE #01167589 • Brokerage DRE #01255385 • Titan Real Est.& Investments

Property Details for 3613 Nye Avenue, Unit 1

Parking Spaces Total
40
Private Pool
No
Cooling Type
Central Air
Total Units
16.0
Building Type
Attached
Lot Size Source
Estimated
Living Area
14500
Assessor Parcel Number
138-053-001
LISTING CLOSED: 05/19/2021 12:00 AM

Property Details for 3613 Nye Avenue, Unit 1

StatusClosed
MLS #IG21019691
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2007
Lot Size1.84 AC / 80,000 SF
CountyRiverside County
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Location

Listing Courtesy of Titan Real Est.& Investments, Kurt Tiedt, DRE #01167589

Sold By Titan Real Est.& Investments, Kurt Tiedt, DRE #01167589

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Building Information for 3613 Nye Avenue, Unit 1

Stories2Residences-Year Built2007Building Size-Lot Size1.84 AC / 80,000 SF

Payment Calculator

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$24,735 per month

30 year fixed, 6.55% Interest

Principal and Interest

$24,398

Property Taxes

$337

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3613 Nye Avenue, Unit 1

Rental Info
Rental Info
  • Tenant Pays: Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $27,200
  • Gross Scheduled Income: $27,200
  • Vacancy Allowance Rate: 1
  • Gross Operating Income: $26,928
  • Net Operating Income: $19,828
  • Financing: Cash
Expense Details
  • Operating Expense: $7,100
  • New Taxes Expense: $60,000
  • Gardener Expense: $6,000
  • Fuel Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $14,000
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $3,600
  • Total Expenses: $84,800
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 34523
  • Tax Census Tract: 414.08
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Gutters, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 32
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 32
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,635
  • Unit Type Total Rent: $1,635
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 15
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 17
  • Number With Dishwasher: 16
  • Number With Range: 16
  • Number With Refrigerator: 0
  • Number With Carpet: 16
  • Number With Disposal: 16

Property History for 3613 Nye Avenue, Unit 1

DateEvent & SourcePriceAppreciation
May 19, 2021

Sold

CRMLS #IG21019691

$4,800,000—
May 19, 2021

Sold

CLAW #IG21019691MR

$4,800,000—
May 18, 2021

Sold (Public Record)

Public Record #1461071014

$4,800,000—
DateEvent & SourcePrice
05/19/2021

Sold

CRMLS #IG21019691

$4,800,000
05/19/2021

Sold

CLAW #IG21019691MR

$4,800,000
05/18/2021

Sold (Public Record)

Public Record #1461071014

$4,800,000

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

Public Records for 3613 Nye Avenue, Unit 1

Taxable ValueLand$66,243Additions$264,977Total$331,220
Tax Record2025$4,040 ($337 / month)
Home Facts
Beds2Baths2Total Finished SqFt873 SqFtAbove Grade Finished SqFt873 SqFtStories2Lot Size704 SqFtStyleCondominiumYear Built2007Year Renovated2007ZoningR3CountyRIVERSIDEAPN138-053-001

Schools near 3613 Nye Avenue, Unit 1

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Phillip M. Stokoe Elementary School
Public - K to 5
Arizona Middle School
Public - 6 to 8
Hillcrest High School
Public - 9 to 12
Alvord Continuation High School
Public - 9 to 12
Rating
School
Distance
Phillip M. Stokoe Elementary School
PublicK to 5

Arizona Middle School
Public6 to 8

Hillcrest High School
Public9 to 12

Alvord Continuation High 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)
3613 Nye Avenue, Unit 15, Riverside, CA 92505
$4,800,000
2
2
873
–
3613 Nye Avenue, Unit 6, Riverside, CA 92505
$4,800,000
2
2
892
–
3613 Nye Avenue, Unit 13, Riverside, CA 92505
$4,800,000
2
2
892
–
3613 Nye Avenue, Unit 5, Riverside, CA 92505
$4,800,000
2
2
873
–
3613 Nye Avenue, Unit 7, Riverside, CA 92505
$4,800,000
2
2
892
–

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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 Titan Real Est.& Investments, Kurt Tiedt, DRE #01167589

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.