4880 Mitchell Avenue

Closed 9/15/17
Closed 9/15/17
Gallery Image 1
Sold
Last Sold Price
$525,000
2 beds8 baths3,600 sqft$146/sqft
4880 Mitchell Ave, Riverside, CA 92505
Multi FamilyProperty Type
8,388 sq ftLot Size
1989Year Built
$146/sq ftPrice per sq ft

Description

Excellent investment opportunity in Riverside! Rare 4-plex in the La Sierra area. Well maintained. Always occupied! One unit just vacated, so this could be perfect for investors, OR buyers looking to occupy one unit and rent the other three out! All units are 2 Bed/1.5 Baths with their own laundry hookups inside!Excellent investment opportunity in Riverside! Rare 4-plex in the La Sierra area. Well maintained. Always occupied! One unit just vacated, so this could be perfect for investors, OR buyers looking to occupy one unit and rent the other three out! All units are 2 Bed/1.5 Baths with their own laundry hookups inside!
  • Listed by: Dale Beaver DRE #01319972 Brokerage DRE #01524935 • First Choice Property Mgmt
Listing closed: 09/15/2017 12:00 AM • Source: CRMLS, MLS#: IG17167684

Recent comparable sales

Median sold price

$527,000

Avg days on market

61

Sale-to-list ratio

103.8%

Riverside, CA

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Location

Listing Courtesy of First Choice Property Mgmt, Dale Beaver, DRE #01319972

Sold By First Choice Property Mgmt, Dale Beaver, DRE #01319972

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$3,293 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,669

Property Taxes

$624

HOA Dues

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Property Information for 4880 Mitchell Avenue

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • Parking Spaces Total: 0
  • Private Pool: No
  • Cooling Type: Central Air
  • Total Units: 4.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 3600
  • Assessor Parcel Number: 146-233-035
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area: 900
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 3600
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Pool: No
  • Zoning: R3
  • Senior Community: No
  • Parcel Number: 146233035
  • Area: Riverside (252)
  • Directions: La Sierra to Bushnell, then make a right on Mitchell
Building Information
  • Stories: 2
  • Year Built: 1989
  • Lot Size: 0.19 AC / 8,388 SF
Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Sewer, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $44,040
  • Gross Scheduled Income: $44,040
  • Net Operating Income: $35,499
  • Financing: Conventional
Expense Details
  • Operating Expense: $8,541
  • New Taxes Expense: $5,513
  • Gardener Expense: $840
  • Pest Control Expense: $395
  • Electric Expense: $18
  • Insurance Expense: $1,313
  • Maintenance Expense: $3,973
  • Professional Management Expense: $3,700
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $15,780
Tax / Assessment Info
  • Tax Tract Number: 041302
  • Tax Census Tract: 413.02
  • Tax Lot: 14
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Up
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: Central Air
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,670
  • Unit Type Total Rent: $3,670
  • Unit Type Pro Forma: 3980
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 3
  • 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 4880 Mitchell Avenue

DateEvent & SourcePriceAppreciation
Sep 15, 2017

Sold

SDMLS #IG17167684

$525,000—
Sep 15, 2017

Sold

CLAW #IG17167684MR

$525,000—
Sep 15, 2017

Sold

CRMLS #IG17167684

$525,000—
DateEvent & SourcePrice
09/15/2017

Sold

SDMLS #IG17167684

$525,000
09/15/2017

Sold

CLAW #IG17167684MR

$525,000
09/15/2017

Sold

CRMLS #IG17167684

$525,000

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

Public Records for 4880 Mitchell Avenue

Taxable ValueLand$139,267Additions$470,034Total$609,301
Tax Record2025$7,493 ($624 / month)
Home Facts
Total Finished SqFt3,584 SqFtAbove Grade Finished SqFt3,584 SqFtStories2Lot Size8,276 SqFtStyleQuadraplexYear Built1978Year Renovated1978ZoningR3CountyRIVERSIDEAPN146-233-035

Schools near 4880 Mitchell Avenue

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Myra Linn Elementary School
Public - K to 5
Arizona Middle School
Public - 6 to 8
La Sierra High School
Public - 9 to 12
Mission View High
Public - 9 to 12
Rating
School
Distance
Myra Linn Elementary School
PublicK to 5

Arizona Middle School
Public6 to 8

La Sierra High School
Public9 to 12

Mission View High
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)
This home: 4880 Mitchell Avenue, Riverside, CA 92505
$525,000
2
8
3,600
8,388
2 Mitchell Avenue, Riverside, CA 92505
$123,000
–
–
–
5,227
4856 Mitchell Avenue, Riverside, CA 92505
–
3
1.5
960
7,841
4879 Hiers Avenue, Riverside, CA 92505
$106,000
3
1,644
8,276
4897 Mitchell Avenue, Riverside, CA 92505
$565,000
3
1,452
17,860
4869 Hiers Avenue, Riverside, CA 92505
$325,000
3
1,280
6,534

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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 First Choice Property Mgmt, Dale Beaver, DRE #01319972

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.