4075-4055 Briggs St

Riverside, CA 92509

$4,600,000
Last Sold Price
—
Beds
—
Baths
23,900 Sq. Ft.
$192 / Sq. Ft.
23,900
Sq. Ft.
$192
per Sq. Ft.
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Closed 11/23/17
Closed 11/23/17

Description

PRICE REDUCTION: This sale includes two separate parcels and two different address. Building # 4075 has a total of 23 units and #4055 has a total of 24 units. Both properties to be sold as a package. The two properties are separated by a public alley. Mangers unit is located at 4075. Property is managed by hands on owners and a well taken care of property. Property is fully occupied and units rent out very quickly if there is a vacancy. There is an upside on raising rents, current market rents in...PRICE REDUCTION: This sale includes two separate parcels and two different address. Building # 4075 has a total of 23 units and #4055 has a total of 24 units. Both properties to be sold as a package. The two properties are separated by a public alley. Mangers unit is located at 4075. Property is managed by hands on owners and a well taken care of property. Property is fully occupied and units rent out very quickly if there is a vacancy. There is an upside on raising rents, current market rents in the area for one bedroom units are as high as $900 per month. Property is well located close to shopping and post office. A brand new affordable apartment complex is be constructed next door with 2 & 3 bedroom units, which will be an added asset to the subject property. The unit mix is 44 one bedrooms and 3 studio apartments. All units have central heat and air conditioning, gas stoves, dishwashers and disposals. All units are have separate gas and electric meters. Hot water and trash is supplied by owner. There is two laundry locations for each property. The washer and dryers units are leased on a month to month agreement. A total of 59 onsite parking spaces with one handicap space.
  1. Listed by RICK PETERSON • DRE #00648356 • MR. REAL ESTATE

Property Details for 4075-4055 Briggs Street

Parking Spaces Total
59
Cooling Type
Central Air, Electric
Total Units
47.0
Lot Size Dimensions
290 x 142
Building Area Total
23900
Building Area Units
Square Feet
Stories Total
2
Zoning
R-3
LISTING CLOSED: 11/23/2017 12:00 AM

Property Details for 4075-4055 Briggs Street

StatusClosed
MLS #CV17099463
Days on Market142
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1978
Lot Size0.94 AC / 41,110 SF
CountyRiverside County
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Location

Listing Courtesy of MR. REAL ESTATE, RICK PETERSON, DRE #00648356

Sold By CBRE, John Montakab, DRE #01837657

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Building Information for 4075-4055 Briggs Street

Stories2Residences-Year Built1978Building Size-Lot Size0.94 AC / 41,110 SF

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$23,381 per month

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Principal and Interest

$23,381

Property Taxes

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HOA Dues

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Property Information for 4075-4055 Briggs Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $399,735
  • Net Operating Income: $227,717
  • Laundry Income: $3,600
  • Other Income 1: $1,200
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $172,018
  • Expense Year: $2,016
  • Reserves Expense: $18,323
  • Building Expenses: $28,000
  • Insurance Expense: $7,097
  • Maintenance Expense: $22,412
  • Water Sewer Expense: $49,947
  • Real Estate Tax Expense: $15,339
  • Supplies Expense: $13,200
  • Total Expenses: $172,018
Tax / Assessment Info
  • Tax Rate: 1.12
  • Tax Year: 2016
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Gas Dryer Hookup, Washer Hookup
  • Laundry Equipment Own Lease: Lease
  • Cooling: Central Air, Electric
  • Heating Type: Forced Air, Natural Gas
  • Heating: Forced Air, Natural Gas
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Resident Manager, Security Lights, Smoke Detector(s)
  • Construction Materials: Asphalt, Drywall Walls, Stucco
  • Roof: Composition, Mixed, Rolled/Hot Mop
  • Fence: Yes
  • Fencing: Chain Link, Wrought Iron
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 181041006
  • Lot Features: Corner Lot, Lot Over 40000 Sqft, Level, Sprinklers In Front
  • Current Use Comments: All units are month to month
  • Land Use: Multi-Family
  • Sprinklers: Yes
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 59
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 44
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $800
  • Unit Type Area: 500
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: under market rents
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $700
  • Unit Type Area: 300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Studio units and under market rents
Unit Information
  • Number Of Units Leased: 47
  • Number Of Buildings: 3

Property History for 4075-4055 Briggs Street

DateEvent & SourcePriceAppreciation
Nov 23, 2017

Sold

CRMLS #CV17099463

$4,600,000—
Jul 10, 2017

Price Change

CRMLS #CV17099463

$4,935,000—
May 9, 2017

Listed (Active)

CRMLS #CV17099463

$5,640,000—
DateEvent & SourcePrice
11/23/2017

Sold

CRMLS #CV17099463

$4,600,000
07/10/2017

Price Change

CRMLS #CV17099463

$4,935,000
05/09/2017

Listed (Active)

CRMLS #CV17099463

$5,640,000

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

Schools near 4075-4055 Briggs Street

This home is within Jurupa Unified School District.
Rating
School
Type
Grades
Distance
West Riverside Elementary School
Public - K to 6
Mission Middle School
Public - 7 to 8
Rubidoux High School
Public - 9 to 12
Steps Community Day School
Public - 7 to 12
Rating
School
Distance
West Riverside Elementary School
PublicK to 6

Mission Middle School
Public7 to 8

Rubidoux High School
Public9 to 12

Steps Community Day School
Public7 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: 4075-4055 Briggs Street, Riverside, CA 92509
$4,600,000
–
–
23,900
41,110
4075 Briggs Street, Jurupa Valley, CA 92509
–
–
–
10,554
20,038
4074 Briggs Street, Riverside, CA 92509
$115,000
3
1,160
6,534
4088 Briggs Street, Riverside, CA 92509
$270,000
2
884
7,405
4055 Briggs Street, Jurupa Valley, CA 92509
–
–
–
11,728
20,909
4060 Briggs Street, Riverside, CA 92509
$119,900
2
1
884
6,534

Explore Nearby Homes

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 MR. REAL ESTATE, RICK PETERSON, DRE #00648356

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.