6366 Neva Place

Closed 4/19/19
Closed 4/19/19
Gallery Image 1
Sold
Last Sold Price
$460,500
2 beds2 baths1,806 sqft
6366 Neva Pl, Riverside, CA 92506
Multi FamilyProperty Type
0.16 acresLot Size
1966Year Built
$255/sq ftPrice per sq ft
4 carsParking Spaces

Description

Drive by only. Do not disturb tenants. Text/email listing agent for more details. We are pleased to exclusively present Neva Place Duplex, a single-story multi-family investment opportunity in the city of Riverside, California. Sitting on 6,970 SF lot, the property is neatly positioned in a quiet, treelined residential pocket in the desirable Magnolia Center submarket. Both units are two-bedroom/one-bathroom units and offers individual enclosed garages for each tenant. Upgrades in recent years include:...Drive by only. Do not disturb tenants. Text/email listing agent for more details. We are pleased to exclusively present Neva Place Duplex, a single-story multi-family investment opportunity in the city of Riverside, California. Sitting on 6,970 SF lot, the property is neatly positioned in a quiet, treelined residential pocket in the desirable Magnolia Center submarket. Both units are two-bedroom/one-bathroom units and offers individual enclosed garages for each tenant. Upgrades in recent years include: dual pane windows (rear of subject property), newer carpet & window coverings. The property benefits from both its close proximity to the California State Route 91 as well as walking distance access to Riverside Plaza which tenants national entertainment/retailers such as Regal Cinemas, CVS, Vons, and Bank of America to name a few. With little to no comparable multi-family buildings, there is a strong demand and a lack of supply of multi-family units in the immediate area. The future owner has the ability to own a bite sized offering that can achieve significant upside within a relatively short period of time. Rental comparables illustrating potential upside of 23.1%.
  • Listed by: SEAN HWANGBO DRE #01945497 Brokerage DRE #01878341 • REALTY ONE GROUP WEST
Listing closed: 04/19/2019 12:00 AM • Source: CRMLS, MLS#: CV19032438

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Recent comparable sales

Median sold price

$560,000

Avg days on market

56

Sale-to-list ratio

97.5%

Riverside, CA

9 comparable properties found

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$575,000 | 3588 Cheryl Way, Riverside, CA 92506
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a kitchen with stainless steel appliances granite countertop a stove refrigerator sink and dishwasher with wooden floor
1/35
3

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Acres

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a view of a house with a swimming pool
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a terrace view
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Location

Listing Courtesy of REALTY ONE GROUP WEST, SEAN HWANGBO, DRE #01945497

Sold By REALTY ONE GROUP WEST, SEAN HWANGBO, DRE #01945497

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Property Information for 6366 Neva Place

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • Parking Spaces Total: 4
  • Private Pool: No
  • Cooling Type: Central Air
  • Total Units: 2.0
  • Building Type: Attached
  • Living Area: 1806
  • Assessor Parcel Number: 225-272-019
  • Property Attached YN: true
  • Common Walls: 1 Common Wall
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area: 903
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 1806
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Pool: No
  • Association: No
  • Association Fee: $.00
  • Senior Community: No
  • Parcel Number: 225272019
  • Area: Riverside (252)
  • Directions: Neva Place & Wanda Way
Building Information
  • Stories: 1
  • Year Built: 1966
  • Lot Size: 0.16 AC / 6,969 SF
Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $31,200
  • Gross Scheduled Income: $31,200
  • Net Operating Income: $23,623
  • Cap Rate: 5.25
  • Financing: Other/Remarks
Expense Details
  • Operating Expense: $7,577
  • New Taxes Expense: $5,117
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $900
  • Maintenance Expense: $1,560
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $7,577
Tax / Assessment Info
  • Tax Tract Number: 2
  • Tax Lot: 41
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $31,200
  • Unit Type Pro Forma: 38400
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 6366 Neva Place

DateEvent & SourcePriceAppreciation
Apr 19, 2019

Sold

CLAW #CV19032438MR

$460,500—
Apr 19, 2019

Sold

SDMLS #CV19032438

$460,500—
Apr 19, 2019

Sold

CRMLS #CV19032438

$460,500—
DateEvent & SourcePrice
04/19/2019

Sold

CLAW #CV19032438MR

$460,500
04/19/2019

Sold

SDMLS #CV19032438

$460,500
04/19/2019

Sold

CRMLS #CV19032438

$460,500

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

Public Records for 6366 Neva Place

Taxable ValueLand$85,334Additions$438,629Total$523,963
Tax Record2025$5,765 ($480 / month)
Home Facts
Baths2Total Finished SqFt1,806 SqFtAbove Grade Finished SqFt1,806 SqFtStories1Lot Size7,405 SqFtStyleDuplexYear Built1966Year Renovated1966ZoningR1065CountyRIVERSIDEAPN225-272-019

Schools near 6366 Neva Place

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Pachappa Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Raincross High (Continuation) School
Public - 9 to 12
Rating
School
Distance
Pachappa Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Raincross High (Continuation) School
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: 6366 Neva Place, Riverside, CA 92506
$460,500
2
2
1,806
6,969
6358 Neva Place, Riverside, CA 92506
$325,000
–
–
–
6,969
6374 Neva Place, Riverside, CA 92506
$162,000
3
1,101
6,970
6352 Neva Place, Riverside, CA 92506
$538,000
4
2
1,674
6,970
6382 Neva Place, Riverside, CA 92506
–
3
1.75
1,328
6,970
6347 Neva Place, Riverside, CA 92506
$522,000
5
3
2,264
10,890

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 REALTY ONE GROUP WEST, SEAN HWANGBO, DRE #01945497

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.