4133 Melrose St

15
Baths
13,000 Sq. Ft.
$81 / Sq. Ft.
13,000
Sq. Ft.
$81
per Sq. Ft.

Description

Great investment opportunity to own a 15 unit building in an amazing part of Riverside...priced under market and for quick sale this property is located on a beautiful tree lined street close to shopping freeways and schools. Long term tenants make up the great unit mix of 7 - 1 bedroom,, 7 - 2 bedroom and 1 - 3 bedroom 1 bath units. Carport parking in the rear of the property make this area very secure. This property is a great investment property and is priced to sell quickly.Great investment opportunity to own a 15 unit building in an amazing part of Riverside...priced under market and for quick sale this property is located on a beautiful tree lined street close to shopping freeways and schools. Long term tenants make up the great unit mix of 7 - 1 bedroom,, 7 - 2 bedroom and 1 - 3 bedroom 1 bath units. Carport parking in the rear of the property make this area very secure. This property is a great investment property and is priced to sell quickly.
  1. Listed by CARL CAPITANO • DRE #01078792 • RE/MAX MASTERS REALTY

Property Details for 4133 Melrose Street

Parking Spaces Total
14
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
15.0
Building Type
Attached
Lot Size Source
Estimated
Living Area
13000
Assessor Parcel Number
227-140-003
LISTING CLOSED: 01/24/2013 12:00 AM

Property Details for 4133 Melrose Street

StatusClosed
MLS #CV12141125
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.36 AC / 15,526 SF
CountyRiverside County

Location

Listing Courtesy of RE/MAX MASTERS REALTY, CARL CAPITANO, DRE #01078792

Sold By RE/MAX MASTERS REALTY, CARL CAPITANO, DRE #01078792

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Building Information for 4133 Melrose Street

Stories2Residences-Year Built1976Building Size-Lot Size0.36 AC / 15,526 SF

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$6,574 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,337

Property Taxes

$1,237

HOA Dues

$0

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Property Information for 4133 Melrose Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance
Income / Expense / Tax Details
Income Details
  • Gross Income: $12,000
  • Gross Scheduled Income: $121,000
  • Net Operating Income: $85,000
  • Financing: Cash
Expense Details
  • Operating Expense: $36,000
  • New Taxes Expense: $0
  • Electric Expense: $1,000
  • Insurance Expense: $1,000
  • Maintenance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
Tax / Assessment Info
  • Tax Year: 2011
  • Tax Tract Number: 0
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Roof: Composition
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 15
  • Levels: Two
  • Water: District
  • Sewer: In Street
  • Utilities: Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 14
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $750
  • Unit Type Total Rent: $5,250
  • Unit Type Pro Forma: 5500
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $5,950
  • Unit Type Pro Forma: 6500
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $950
  • Unit Type Pro Forma: 1000
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 15

Property History for 4133 Melrose Street

DateEvent & SourcePriceAppreciation
Jan 24, 2013

Sold

CLAW #CV12141125MR

$1,050,000
Jan 24, 2013

Sold

CRMLS #CV12141125

$1,050,000
Jan 18, 2013

Sold (Public Record)

Public Record #346398650

$1,050,000

-4.7% / yr

DateEvent & SourcePrice
01/24/2013

Sold

CLAW #CV12141125MR

$1,050,000
01/24/2013

Sold

CRMLS #CV12141125

$1,050,000
01/18/2013

Sold (Public Record)

Public Record #346398650

$1,050,000

-4.7% / yr

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

Public Records for 4133 Melrose Street

Taxable ValueLand$246,277Additions$1,046,707Total$1,292,984
Tax Record2025$14,842 ($1,237 / month)
Home Facts
Total Finished SqFt10,058 SqFtAbove Grade Finished SqFt10,058 SqFtStories2Lot Size15,681 SqFtStyleMulti-Family Res (5+ Units)Year Built1776ZoningR3CountyRIVERSIDEAPN227-140-003

Schools near 4133 Melrose 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 - 7 to 12
Rating
School
Distance
Jefferson Elementary School
PublicK to 6

Sierra Middle School
Public7 to 8

Ramona High School
Public9 to 12

Opportunity Program 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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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 RE/MAX MASTERS REALTY, CARL CAPITANO, DRE #01078792

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.