Sold
Last Sold Price
10 beds5 baths4,600 sqft
8150 Cypress Ave, Riverside, CA 92503
Multi FamilyProperty Type
0.41 acresLot Size
1945Year Built
$196/sq ftPrice per sq ft
5 carsParking Spaces

Description

A group of 5 tw0 bedroom one bath apartments. Great potential! Rents are low, but neighboring 2 befrooms apartments are renting over $1300 a month. Sale includes a second parcel. The second parcel is adjacent and .21 a. In size. All units are rented.A group of 5 tw0 bedroom one bath apartments. Great potential! Rents are low, but neighboring 2 befrooms apartments are renting over $1300 a month. Sale includes a second parcel. The second parcel is adjacent and .21 a. In size. All units are rented.
  • Listed by: DOROTHY PATAKY DRE #00998907 Brokerage DRE #01922283 • RE/MAX HORIZON
Listing closed: 06/07/2021 12:00 AM • Source: CRMLS, MLS#: IV21077522

Location

Listing Courtesy of RE/MAX HORIZON, DOROTHY PATAKY, DRE #00998907

Sold By RE/MAX HORIZON, DOROTHY PATAKY, DRE #00998907

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Property Taxes

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Property Information for 8150 Cypress Avenue

Property Details
  • MLS Type: Residential Income
  • Parking Spaces Total: 5
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 5.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 4600
  • Assessor Parcel Number: 151-161-002
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 4600
  • Building Area Units: Square Feet
  • Fireplace: No
  • Pool: No
  • Association: No
  • Association Fee: $.00
  • Zoning: Assessor
  • Senior Community: No
  • Parcel Number: 151161002
  • Area: Riverside (252)
  • Directions: West on Arlington Ave. South on Van Buren, Right on Cypress Ave.
Building Information
  • Stories: 1
  • Year Built: 1945
  • Lot Size: 0.41 AC / 17,859 SF
Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $45,296
  • Gross Scheduled Income: $54,000
  • Net Operating Income: $45,296
  • Cap Rate: 5.0
  • Financing: Assumable
Expense Details
  • Operating Expense: $8,704
  • New Taxes Expense: $2,926
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,254
  • Professional Management Expense: $0
  • Trash Expense: $1,749
  • Water Sewer Expense: $1,775
  • Total Expenses: $8,704
Tax / Assessment Info
  • Tax Tract Number: 04101
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range
  • Equipment: Gas Dryer Hookup
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 151161008
  • Lot Features: Back Yard, Front Yard, Flag Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 5
Unit Information
Unit 1
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1250
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1250
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 3
Unit 4
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 4
Unit 5
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Range: 5

Property History for 8150 Cypress Avenue

DateEvent & SourcePriceAppreciation
Jun 7, 2021

Sold

SDMLS #IV21077522

$900,000
Jun 7, 2021

Sold

CLAW #IV21077522MR

$900,000
Jun 7, 2021

Sold

CRMLS #IV21077522

$900,000
DateEvent & SourcePrice
06/07/2021

Sold

SDMLS #IV21077522

$900,000
06/07/2021

Sold

CLAW #IV21077522MR

$900,000
06/07/2021

Sold

CRMLS #IV21077522

$900,000

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

Public Records for 8150 Cypress Avenue

Taxable ValueLand$193,213Additions$706,611Total$899,824
Tax Record2025$11,057 ($921 / month)
Home Facts
Total Finished SqFt2,689 SqFtAbove Grade Finished SqFt2,689 SqFtStories1Lot Size17,860 SqFtStyleMulti-Family Res (5+ Units)Year Built1945Year Renovated1945ZoningR3CountyRIVERSIDEAPN151-161-002

Schools near 8150 Cypress 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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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 HORIZON, DOROTHY PATAKY, DRE #00998907

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.