Last Sold Price
9,984 sqft$128/sqft
901 Riverside Dr, Madera, CA 93638

Description

12 Unit Apartment Building, located on the corner of Riverside Dr. and N. Lake St.
2 Story building with separate laundry building on site. Each unit is 2 Bedroom 1 Bathroom.
11 out 12 Bathrooms have been remodeled. Parking lot pavement has been recently repaved and Wrought Iron Electric Gate recently installed. Annual Pro Forma Gross Income $172,800.00
12 Unit Apartment Building, located on the corner of Riverside Dr. and N. Lake St.
2 Story building with separate laundry building on site. Each unit is 2 Bedroom 1 Bathroom.
11 out 12 Bathrooms have been remodeled. Parking lot pavement has been recently repaved and Wrought Iron Electric Gate recently installed. Annual Pro Forma Gross Income $172,800.00
LISTING CLOSED: 11/14/2023 12:00 AM

  1. Listed by Frank Anguiano • DRE #01992298 • Brokerage DRE #01218499 • Coldwell Banker Alliance • 562) 556-394

Property Details for 901 Riverside Drive

Status
MLS #
PW23111866
Days on Market
13
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Commercial Sale / Multi Family
Year Built
1972
Lot Size
0.27 AC / 11,637 SF
Total Units
12.0
Lot Size Source
Assessor
Building Area Total
9984
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
Parcel Number
005011011
Area
Madera 93638 (MD638)
Directions
From the 99 freeway North, exit 4th St. and make right - Turn Left on N Lake- Property will be on right

Location

Listing Courtesy of Coldwell Banker Alliance

Sold By Coldwell Banker Alliance

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Building Information for 901 Riverside Drive

Stories2Residences-Year Built1972Building Size-Lot Size0.27 AC / 11,637 SF

Payment Calculator

$7,672 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,481

Property Taxes

$1,191

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 901 Riverside Drive

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $113,100
  • Laundry Income: $3,360
Expense Details
  • Expense Year: $2,022
  • Electric Expense: $1,143
  • Insurance Expense: $4,622
  • Maintenance Expense: $1,860
  • Water Sewer Expense: $12,493
Tax / Assessment Info
  • Tax Annual Amount: $8,800
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Security Features: Gated Community
  • Fence: Yes
  • Fencing: Wrought Iron
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 005011014
  • Lot Features: 11-15 Units/Acre, Corner Lot
  • Land Use: Multi-Family
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $900
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $775
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 12
  • Number Of Buildings: 2

Property History for 901 Riverside Drive

DateEvent & SourcePriceAppreciation
Nov 14, 2023

Sold

CRMLS #PW23111866

$1,275,000
Jul 19, 2023

Sold (Public Record)

Public Record #1522193548

$1,275,000
Jul 10, 2023

Pending

CRMLS #PW23111866

DateEvent & SourcePrice
11/14/2023

Sold

CRMLS #PW23111866

$1,275,000
07/19/2023

Sold (Public Record)

Public Record #1522193548

$1,275,000
07/10/2023

Pending

CRMLS #PW23111866

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

Public Records for 901 Riverside Drive

Taxable ValueLand$124,848Additions$1,145,036Total$1,269,884
Tax Record2025$14,286 ($1,191 / month)
Home Facts
Baths6Total Finished SqFt4,992 SqFtAbove Grade Finished SqFt4,992 SqFtStories2Lot Size12,196 SqFtStyleMulti-Family Res (5+ Units)Year Built1972Year Renovated1972CountyMADERAAPN005-011-011-000

Schools near 901 Riverside Drive

This home is within Madera Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
George Washington Elementary School
PublicK to 6

Thomas Jefferson Middle School
Public7 to 8

Madera High School
Public9 to 12

Sherman Thomas Charter High School
Charter9 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: 901 Riverside Drive, Madera, CA 93638
$1,275,000
9,984
11,637
6,098
$20,000
6,098
$311,000
3
2
1,256
6,133
$311,000
3
1,256
6,133
$140,000
2
2
1,280
0

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

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.