9030 Colony Place, Unit AD

Closed 8/27/19
Closed 8/27/19
Gallery Image 1
Sold
Last Sold Price
$825,000
5 beds5 baths4,080 sqft$202/sqft
9030 Colony Pl, Unit AD, Riverside, CA 92503
Multi FamilyProperty Type
8,320 sq ftLot Size
1978Year Built
$202/sq ftPrice per sq ft
7 carsParking Spaces

Description

9030 Colony Place is located in a quiet cul-de-sac 2 miles north of the 91 Freeway, near the intersection of Arlington Avenue and Van Buren Boulevard. California Baptist University, Parkview Community Hospital and the Riverside Municipal Airport are less than 2 miles from the property. Galleria at Tyler, UC Riverside, Downtown Riverside, and Loma Linda University & Hospital are easily accessible using the 60, 91, and I-215 freeways. The Colony Place Apartments is a rare, non-rent-controlled, 4-unit...9030 Colony Place is located in a quiet cul-de-sac 2 miles north of the 91 Freeway, near the intersection of Arlington Avenue and Van Buren Boulevard. California Baptist University, Parkview Community Hospital and the Riverside Municipal Airport are less than 2 miles from the property. Galleria at Tyler, UC Riverside, Downtown Riverside, and Loma Linda University & Hospital are easily accessible using the 60, 91, and I-215 freeways. The Colony Place Apartments is a rare, non-rent-controlled, 4-unit property. Built in 1978, the apartments are situated on a ±8,320 square foot lot with a total building size of ±4,080 square feet. The property offers an excellent unit mix of two-bedroom/one-and-half-bathroom and three-bedroom/two-bathroom townhome-style units averaging 1,020 square feet. The property features 7 assigned parking spots, mature landscaping, and new exterior paint. All units feature central air conditioning and heat, oven/stoves and private balconies and/or back patios. Select units include new carpet.
Listing closed: 08/27/2019 12:00 AM • Source: CRMLS, MLS#: CV19124463

Recent comparable sales

Median sold price

$925,000

Avg days on market

97

Sale-to-list ratio

97.7%

Riverside, CA

9 comparable properties found

1

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Bedrooms
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Bathrooms
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Square Feet
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Acres

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front view of a house with a yard
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Bedrooms
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Acres

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$1,000,000 | 3469 Lime Street, Riverside, CA 92501
1/3
3

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Bedrooms
5
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Square Feet
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Acres

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$1,500,000 | 6116 Chadbourne Avenue, Riverside, CA 92505
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Acres

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a front view of a house with garden
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Acres

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4734 Sienna Ridge, Riverside, MO 64150
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-

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Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Sold By Better Homes and Gardens Real Estate Vogler Feigen, Sonya Feigen, DRE #01266327

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Property Information for 9030 Colony Place, Unit AD

Property Details
  • MLS Type: Residential Income
  • County: Riverside County
  • Parking Spaces Total: 7
  • Private Pool: No
  • Cooling Type: Central Air
  • Total Units: 4.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 4080
  • Assessor Parcel Number: 191-073-088
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area: 957
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area: 1209
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 4080
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Fireplace: No
  • Pool: No
  • Association: No
  • Association Fee: $.00
  • Zoning: R3
  • Senior Community: No
  • Parcel Number: 191073088
  • Area: Riverside (252)
  • Directions: Colony Place Apartments are located north of the 91 Freeway, near the intersection of Arlington Avenue and Van Buren Boulevard
Building Information
  • Stories: 2
  • Year Built: 1978
  • Lot Size: 0.19 AC / 8,320 SF
Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $58,632
  • Gross Scheduled Income: $58,200
  • Gross Spendable Income: $17,632
  • Vacancy Allowance: 1759
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $56,873
  • Net Operating Income: $37,164
  • Laundry Income: $432
  • Gross Multiplier: 14.43
  • Cap Rate: 4.42
  • Financing: Cash
Expense Details
  • Operating Expense: $19,709
  • Operating Expense Percent: 34.65%
  • New Taxes Expense: $9,558
  • Gardener Expense: $720
  • Fuel Expense: $273
  • Electric Expense: $1,327
  • Insurance Expense: $1,200
  • Maintenance Expense: $2,844
  • Maintenance Percent: 5.00%
  • Other Expense: $800
  • Other Expense Description: Reserves
  • Trash Expense: $1,661
  • Water Sewer Expense: $1,327
  • Total Expenses: $19,709
Tax / Assessment Info
  • Tax Rate: 1.12
  • Tax Year: 2018
  • Tax Annual Amount: $9,558
  • Tax Tract Number: 315.02
  • Taxes Percent: 16.81%
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Carpet, Tile
  • Flooring: Carpet, Tile
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Corner Lot, Cul-De-Sac
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
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: 0
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $3,450
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 9030 Colony Place, Unit AD

DateEvent & SourcePriceAppreciation
Aug 27, 2019

Sold

CRMLS #CV19124463

$825,000—
Aug 27, 2019

Sold

CLAW #CV19124463MR

$825,000—
Jun 11, 2019

Pending

CRMLS #CV19124463

—
DateEvent & SourcePrice
08/27/2019

Sold

CRMLS #CV19124463

$825,000
08/27/2019

Sold

CLAW #CV19124463MR

$825,000
06/11/2019

Pending

CRMLS #CV19124463

—

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

Schools near 9030 Colony Place, Unit AD

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Jackson Elementary School
Public - K to 6
Chemawa Middle School
Public - 7 to 8
Ramona High School
Public - 9 to 12
Sunshine Special Education School
Public - 12
Rating
School
Distance
Jackson Elementary School
PublicK to 6

Chemawa Middle School
Public7 to 8

Ramona High School
Public9 to 12

Sunshine Special Education School
Public12

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: 9030 Colony Place, Unit AD, Riverside, CA 92503
$825,000
5
5
4,080
8,320
9030 Colony Place, Riverside, CA 92503
$825,000
5
–
–
8,319
9040 Colony Place, Riverside, CA 92503
$268,500
–
–
4,080
8,712
4883 Jackson Street, Unit D, Riverside, CA 92503
$210,500
2
1
980
–
4883 Jackson Street, Unit B, Riverside, CA 92503
$233,000
3
1,226
1,307
4883 Jackson Street, Unit C, Riverside, CA 92503
$140,000
3
1,226
–

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 CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

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.