5944 Palm Avenue

Closed 10/21/15
Closed 10/21/15
Gallery Image 1
Sold
Last Sold Price
$1,465,000
6 beds21 baths13,511 sqft$108/sqft
5944 Palm Ave, Riverside, CA 92506
Multi FamilyProperty Type
0.66 acresLot Size
1960Year Built
$108/sq ftPrice per sq ft
50 carsParking Spaces

Description

Investors! Welcome to the Hacienda Apartments in beautiful Riverside. This spectacular 12 unit apartment complex is well maintained, established with several long time residents. There are 8, 2 bed 2 bath units, 3, 1 bed 1 bath units, and the 12th unit is a separate lovely home with 3 bedrooms and 2 bathrooms. It features a large master bedroom downstairs with a sliding door outside and a full bath. Two spacious bedrooms upstairs both with walk in closets and one with a balcony. A large living room,...Investors! Welcome to the Hacienda Apartments in beautiful Riverside. This spectacular 12 unit apartment complex is well maintained, established with several long time residents. There are 8, 2 bed 2 bath units, 3, 1 bed 1 bath units, and the 12th unit is a separate lovely home with 3 bedrooms and 2 bathrooms. It features a large master bedroom downstairs with a sliding door outside and a full bath. Two spacious bedrooms upstairs both with walk in closets and one with a balcony. A large living room, light and bright with several windows and a cozy fireplace for those cold winter nights. Lovely built in cabinets throughout. A built in desk and book shelves off the formal dining room adds to the charm. The kitchen is open and light complete with an eating area with direct access to the patio and the 3 car detached garage. The third car garage is great for a workshop, it even has a powder room. This unit is perfect for the owner, on site property manager or another great rental. Pride of ownership and it shows, the owner has dedicated her time caring and managing this complex for over 40+ years. The grounds are immaculate with many mature trees, fruit trees, blooming flowers and birds. This is a must see, No vacancies for years and No evictions.
  • Listed by: Melissa Coles DRE #01439193 • Re/Max All Stars Realty-Corona
Listing closed: 10/21/2015 12:00 AM • Source: CRMLS, MLS#: IG15176351
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Location

Listing Courtesy of Re/Max All Stars Realty-Corona, Melissa Coles, DRE #01439193

Sold By Re/Max All Stars Realty-Corona, Melissa Coles, DRE #01439193

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$9,091 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,446

Property Taxes

$1,645

HOA Dues

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Property Information for 5944 Palm Avenue

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • View: Courtyard
  • Parking Spaces Total: 50
  • Private Pool: No
  • Cooling Type: Central Air
  • Total Units: 12.0
  • Building Type: Attached
  • Lot Size Source: Seller
  • Living Area: 13511
  • Assessor Parcel Number: 218-210-038
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • Average 1 Bed Area: 792
  • Average 2 Bed Area: 1078
  • Average 3 Bed Area: 2511
  • Building Area Total: 13511
  • Stories Total: 2
  • Fireplace: Yes
  • Pool: No
  • Spa: No
  • View: Yes
  • View: Yes
  • Association: No
  • Association Fee: $.00
  • Senior Community: No
  • Parcel Number: 218210038
  • Area: Riverside (252)
  • Directions: CrossStreet:
Building Information
  • Stories: 2
  • Year Built: 1960
  • Lot Size: 0.66 AC / 28,539 SF
Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $10,559
  • Gross Scheduled Income: $124,500
  • Net Operating Income: $71,303
  • Cap Rate: 5.48
  • Financing: Conventional
Expense Details
  • Operating Expense: $53,197
  • New Taxes Expense: $5,706
  • Pool Expense: $0
  • Insurance Expense: $9,064
  • Professional Management Expense: $0
  • Trash Expense: $877
Tax / Assessment Info
  • Tax Tract Number: 0307
  • Tax Lot: 1617
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater
  • Equipment: Dishwasher, Garbage Disposal, Room
  • Interior Features: Built-in Features, Balcony, Ceiling Fan(s), Laminate Counters, Open Floorplan, Pantry, Storage
  • Room Type: Living Room, Main Floor Master Bedroom, Walk-In Closet
  • Bathroom Features: Shower Over Tub
  • Bedroom Features: Main Floor Master Bedroom, WalkInCloset
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Laminate, Carpet
  • Flooring: Laminate, Carpet
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Blinds, Drapes
  • Security Features: Carbon Monoxide Detector(s), Resident Manager, Security System
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Awning(s)
  • Roof: Composition, Shingle
  • Fence: Block
  • Fencing: Block
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: Courtyard
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre, Front Yard, Greenbelt, Level, Paved, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Number Of Units: 12
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Road Surface Type: Paved
  • Road Frontage Type: Alley
  • Levels: Two
  • Water: Meter on Property
  • Sewer: In Street
  • Utilities: Sewer Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Carport, Carport Attached, Carport Detached, Covered Parking, Garage, Uncovered
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 3
  • Carport Spaces: 12
  • Parking Features: Covered, Carport, Attached Carport, Detached Carport, Garage, Garage Faces Side, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $825
  • Unit Type Total Rent: $79,200
  • Unit Type Pro Forma: 79200
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $725
  • Unit Type Total Rent: $26,100
  • Unit Type Pro Forma: 26100
  • 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: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 11
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 12
  • Number With Range: 12

Property History for 5944 Palm Avenue

DateEvent & SourcePriceAppreciation
Oct 21, 2015

Sold

CLAW #IG15176351MR

$1,465,000—
Oct 21, 2015

Sold

CRMLS #IG15176351

$1,465,000—
Oct 21, 2015

Sold

SDMLS #IG15176351

$1,465,000—
DateEvent & SourcePrice
10/21/2015

Sold

CLAW #IG15176351MR

$1,465,000
10/21/2015

Sold

CRMLS #IG15176351

$1,465,000
10/21/2015

Sold

SDMLS #IG15176351

$1,465,000

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

Public Records for 5944 Palm Avenue

Taxable ValueLand$561,471Additions$1,207,469Total$1,768,940
Tax Record2025$19,736 ($1,645 / month)
Home Facts
Lot Size28,750 SqFtStyleMulti-Family Res (5+ Units)ZoningR3CountyRIVERSIDEAPN218-210-038

Schools near 5944 Palm Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Magnolia Elementary School
Public - K to 6
Sierra Middle School
Public - 7 to 8
Ramona High School
Public - 9 to 12
Riverside Virtual School
Public - K to 12
Rating
School
Distance
Magnolia Elementary School
PublicK to 6

Sierra Middle School
Public7 to 8

Ramona High School
Public9 to 12

Riverside Virtual School
PublicK 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 All Stars Realty-Corona, Melissa Coles, DRE #01439193

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.