6020 Crest Ave

Riverside, CA 92503

$1,290,000
Last Sold Price
8
Beds
7
Baths
3,498 Sq. Ft.
$369 / Sq. Ft.
3,498
Sq. Ft.
$369
per Sq. Ft.
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Closed 2/15/22
Closed 2/15/22
a car parked on the side of a street

Description

Huge corner lot 6 units complex. Approx. 38% Upside in Rent. This 6 units apartment complex is mixed with 1 single house (2 Bed/ 2 Bath) and 5 units (3 units are 1 bed/1 bath and 2 units are 2 bed/1 bath). Approx. 3,498 building sf., 14,810 sf. lot size. Ample parking spaces. Well maintained and managed property.Huge corner lot 6 units complex. Approx. 38% Upside in Rent. This 6 units apartment complex is mixed with 1 single house (2 Bed/ 2 Bath) and 5 units (3 units are 1 bed/1 bath and 2 units are 2 bed/1 bath). Approx. 3,498 building sf., 14,810 sf. lot size. Ample parking spaces. Well maintained and managed property.
  1. Listed by Kevin Lee • DRE #01720786 • Brokerage DRE #01218499 • Coldwell Banker Alliance

Property Details for 6020 Crest Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3498
Assessor Parcel Number
150-120-012
Property Attached YN
true
LISTING CLOSED: 02/15/2022 12:00 AM

Property Details for 6020 Crest Avenue

StatusClosed
MLS #TR21239964
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.34 AC / 14,810 SF
CountyRiverside County
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Location

Listing Courtesy of Coldwell Banker Alliance, Kevin Lee, DRE #01720786

Sold By Pat Swanson, Pat Swanson, DRE #01382974

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Building Information for 6020 Crest Avenue

Stories-Residences-Year Built1963Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

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$7,977 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,557

Property Taxes

$1,420

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 6020 Crest Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $86,436
  • Gross Scheduled Income: $86,436
  • Vacancy Allowance: 2593
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $83,843
  • Net Operating Income: $61,677
  • Gross Multiplier: 14.92
  • Cap Rate: 4.78
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $22,166
  • New Taxes Expense: $14,512
  • Gardener Expense: $900
  • Insurance Expense: $2,280
  • Maintenance Expense: $574
  • Professional Management Expense: $0
  • Trash Expense: $1,536
  • Water Sewer Expense: $2,364
  • Total Expenses: $22,166
Tax / Assessment Info
  • Tax Block: 20
  • Tax Tract Number: 0
  • Tax Census Tract: 411.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • 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: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,209
  • Unit Type Total Rent: $1,209
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,230
  • Unit Type Total Rent: $1,230
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,444
  • Unit Type Total Rent: $1,444
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $909
  • Unit Type Total Rent: $1,819
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2

Property History for 6020 Crest Avenue

DateEvent & SourcePriceAppreciation
Feb 15, 2022

Sold

CRMLS #TR21239964

$1,290,000—
Feb 15, 2022

Sold

CLAW #TR21239964MR

$1,290,000—
Feb 15, 2022

Sold

SDMLS #TR21239964

$1,290,000—
DateEvent & SourcePrice
02/15/2022

Sold

CRMLS #TR21239964

$1,290,000
02/15/2022

Sold

CLAW #TR21239964MR

$1,290,000
02/15/2022

Sold

SDMLS #TR21239964

$1,290,000

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

Public Records for 6020 Crest Avenue

Taxable ValueLand$318,362Additions$1,050,595Total$1,368,957
Tax Record2025$17,034 ($1,420 / month)
Home Facts
Total Finished SqFt996 SqFtAbove Grade Finished SqFt996 SqFtStories1Lot Size14,810 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningRRCountyRIVERSIDEAPN150-120-012

Schools near 6020 Crest Avenue

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Twinhill Elementary School
Public - K to 5
Loma Vista Middle School
Public - 6 to 8
Norte Vista High School
Public - 9 to 12
Summit Elementary
Public - K to 5
Rating
School
Distance
Twinhill Elementary School
PublicK to 5

Loma Vista Middle School
Public6 to 8

Norte Vista High School
Public9 to 12

Summit Elementary
PublicK to 5

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 Coldwell Banker Alliance, Kevin Lee, DRE #01720786

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.