Sold
Last Sold Price
4 beds4 baths2,787 sqft

8125 Philbin Ave, Riverside, CA 92503

Multi FamilyProperty Type
0.19 acresLot Size
1987Year Built
$156/sq ftPrice per sq ft
8 carsParking Spaces

Description

Excellent opportunity to purchase a multi-unit property, where you can live in one and rent the other three units. Centrally located to bus lines, schools, shopping and John Bryant Park directly across the street. Convenient end building, closest to Philbin Avenue, and one of six buildings in the complex, all with the same access to parking and garages. All units have 2 bedrooms and 1 bathroom, inside laundry connections, a single detached garage and an additional parking space. Each unit has own...Excellent opportunity to purchase a multi-unit property, where you can live in one and rent the other three units. Centrally located to bus lines, schools, shopping and John Bryant Park directly across the street. Convenient end building, closest to Philbin Avenue, and one of six buildings in the complex, all with the same access to parking and garages. All units have 2 bedrooms and 1 bathroom, inside laundry connections, a single detached garage and an additional parking space. Each unit has own electric and gas meters and water heaters. All units are rented with long term leases. Downstairs units have patios, and upstairs units have balconies. Opportunity knocks!
  • Listed by: Diane West DRE #00907483 • Carmichael West Realty
Listing closed: 05/15/2014 12:00 AM • Source: CRMLS, MLS#: IG14043846
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Recent comparable sales

Median sold price

$569,000

Avg days on market

61

Sale-to-list ratio

95.7%

Riverside, CA

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Location

Listing Courtesy of Carmichael West Realty, Diane West, DRE #00907483

Sold By Carmichael West Realty, Darrell West, DRE #00954070

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Property Information for 8125 Philbin Avenue

Property Details

  • MLS Type: Residential Income
  • View: Park/Greenbelt
  • Parking Spaces Total: 8
  • Private Pool: No
  • Total Units: 4.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 2787
  • Assessor Parcel Number: 151-171-030
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls, End Unit
  • Average 2 Bed Area: 700
  • Building Area Total: 2787
  • Stories Total: 2
  • Fireplace: No
  • Pool: No
  • Spa: No
  • View: Yes
  • View: Yes
  • Association: No
  • Association Fee: $.00
  • Senior Community: No
  • Parcel Number: 151171030
  • Area: Riverside (252)

Building Information

  • Stories: 2
  • Year Built: 1987
  • Lot Size: 0.19 AC / 8,276 SF

Rental Info

Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas

Income / Expense / Tax Details

Income Details
  • Gross Income: $3,350
  • Gross Scheduled Income: $40,200
  • Net Operating Income: $38,040
  • Financing: Cash
Expense Details
  • Operating Expense: $2,160
  • New Taxes Expense: $4,438
  • Gardener Expense: $960
  • Electric Expense: $0
  • Insurance Expense: $1,200
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,200
Tax / Assessment Info
  • Tax Year: 2013
  • Tax Tract Number: 411
  • Tax Lot: 151

Community / Development

Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Gutters, Street Lights

Property / Structure Info

Interior Features
  • Interior Features: Living Room Balcony
  • Room Type: Living Room
  • Bathroom Features: Shower Over Tub
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Door Features: Sliding Doors
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Composition
  • Foundation Details: Slab
  • Foundation Details: Slab
  • View Description: Green Belt
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Direction Faces: East
  • Number Of Units: 4
  • Land Lease Type: Fee
  • Levels: Two
  • Water: District
  • Sewer: In Connected and Paid
  • Utilities: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Driveway - Concrete, Garage, Garage - 1 Car, Parking Space, Unassigned
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Concrete, Garage Faces Front, Garage, Off Street, Parking Space, Garage - Single Door, Unassigned

Unit Information

Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 850
  • Unit Type Area Units: Square Feet
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $800
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 800
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 4
  • 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 8125 Philbin Avenue

DateEvent & SourcePriceAppreciation
May 15, 2014

Sold

CRMLS #IG14043846

$435,000—
May 15, 2014

Sold

CLAW #IG14043846MR

$435,000—
May 1, 2014

Pending

CRMLS #IG14043846

—
DateEvent & SourcePrice
05/15/2014

Sold

CRMLS #IG14043846

$435,000
05/15/2014

Sold

CLAW #IG14043846MR

$435,000
05/01/2014

Pending

CRMLS #IG14043846

—

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

Public records

8125 Philbin Avenue

Total Finished SqFt

2,788 SqFt

Above Grade Finished SqFt

2,788 SqFt

Stories

2

Lot Size

8,276 SqFt

Style

Quadraplex

Year Built

1987

Schools near 8125 Philbin Avenue

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Arlanza Elementary School
PublicK to 5

Wells 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 8125 Philbin Avenue, Riverside, CA 92503
$435,000
4
4
2,787
8,276
$580,000
8
4
2,700
8,276
$182,500
2
4
–
8,276
$190,000
4
2
1,736
7,841
$229,990
3
1,391
7,841
$370,000
6
4
2,787
8,700

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 Carmichael West Realty, Diane West, DRE #00907483

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.