10394 Hole Avenue

Riverside, CA 92505

$1,660,000
Last Sold Price
2
Beds
16
Baths
7,200 Sq. Ft.
$231 / Sq. Ft.
7,200
Sq. Ft.
$231
per Sq. Ft.

Description

10394 Hole Avenue is an 8-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. Built in 1973, the property consists exclusively of spacious 2 bed/1.5 bath townhome units and offers amenities including open parking, on-site laundry, and private balconies. 10394 Hole Avenue is located within a 0.5 mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million square foot shopping mall, Michaels Plaza, Tyler Street Plaza, and...10394 Hole Avenue is an 8-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. Built in 1973, the property consists exclusively of spacious 2 bed/1.5 bath townhome units and offers amenities including open parking, on-site laundry, and private balconies. 10394 Hole Avenue is located within a 0.5 mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million square foot shopping mall, Michaels Plaza, Tyler Street Plaza, and Magnolia Plaza, providing residents with easy access to major retailers. Additionally, the property is just 1 mile from California State Route 91, placing residents in close proximity to nearby employment hubs.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 10394 Hole Avenue

Parking Spaces Total
15
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
7200
Assessor Parcel Number
143-202-001
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Otay Real Estate Company, Frank Ohrmund, DRE #01169441

Add your commute
LISTING UPDATED: 07/23/2021 07:41 AM

Property Details for 10394 Hole Avenue

StatusClosed
MLS #OC21076381
Days on Market50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.32 AC / 13,939 SF
CountyRiverside County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Otay Real Estate Company, Frank Ohrmund, DRE #01169441

Add your commute

Building Information for 10394 Hole Avenue

Stories2Residences-Year Built1973Building Size-Lot Size0.32 AC / 13,939 SF

Payment Calculator

$10,803 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,059

Property Taxes

$1,744

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10394 Hole Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $108,800
  • Gross Scheduled Income: $108,000
  • Vacancy Allowance: 3240
  • Gross Operating Income: $105,560
  • Net Operating Income: $59,018
  • Other Income Description: Miscellaneous
  • Other Income 1: $800
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $46,542
  • New Taxes Expense: $19,719
  • Fuel Expense: $2,203
  • Electric Expense: $2,203
  • Insurance Expense: $3,600
  • Maintenance Expense: $5,200
  • Professional Management Expense: $4,222
  • Other Expense: $4,989
  • Other Expense Description: Misc
  • Trash Expense: $2,203
  • Water Sewer Expense: $2,203
  • Total Expenses: $46,542
Tax / Assessment Info
  • Tax Tract Number: 041407
  • Tax Census Tract: 414.07
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 15
  • Open Other Spaces Total: 15
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $9,000
  • Unit Type Total Rent: $9,000
  • Unit Type Pro Forma: 12000
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 10394 Hole Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10394 Hole Avenue

Taxable ValueLand$285,600Additions$1,407,600Total$1,693,200
Tax Record2023$20,928 ($1,744 / month)
Home Facts
Total Finished SqFt7,200 SqFtAbove Grade Finished SqFt7,200 SqFtStories2Lot Size13,939 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningR3CountyRIVERSIDEAPN143-202-001

Schools near 10394 Hole 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 - 9 to 12
Rating
School
Distance
Collett Elementary School
PublicK to 5

Arizona Middle School
Public6 to 8

La Sierra High School
Public9 to 12

Alvord Alternative Education Center
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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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.