6366 Neva Pl

Riverside, CA 92506

$460,500
Last Sold Price
2
Beds
2
Baths
1,806 Sq. Ft.
$255 / Sq. Ft.
1,806
Sq. Ft.
$255
per Sq. Ft.
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Closed 4/19/19
Closed 4/19/19

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%.
  1. Listed by SEAN HWANGBO • DRE #01945497 • Brokerage DRE #01878341 • REALTY ONE GROUP WEST

Property Details for 6366 Neva Place

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
LISTING CLOSED: 04/19/2019 12:00 AM

Property Details for 6366 Neva Place

StatusClosed
MLS #CV19032438
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.16 AC / 6,969 SF
CountyRiverside County
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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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Building Information for 6366 Neva Place

Stories1Residences-Year Built1966Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$2,775 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,295

Property Taxes

$480

HOA Dues

$0

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Property Information for 6366 Neva Place

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

SDMLS #CV19032438

$460,500—
Apr 19, 2019

Sold

CLAW #CV19032438MR

$460,500—
Apr 19, 2019

Sold

CRMLS #CV19032438

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

Sold

SDMLS #CV19032438

$460,500
04/19/2019

Sold

CLAW #CV19032438MR

$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$83,661Additions$430,029Total$513,690
Tax Record2025$5,765 ($480 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,806 SqFtAbove Grade Finished SqFt1,806 SqFtStories1Lot Size7,405 SqFtStyleSingle Family ResidenceYear Built1966ZoningR106CountyRIVERSIDEAPN225-272-019Fireplace TypeHas Fireplace

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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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.