2470 Mission Inn Avenue

Riverside, CA 92507

$1,050,000
Last Sold Price
7
Beds
5
Baths
3,562 Sq. Ft.
$295 / Sq. Ft.
3,562
Sq. Ft.
$295
per Sq. Ft.

Description

New construction duplex in downtown Riverside approx. 2 miles from UC Riverside with one 4 bedroom 3 bath unit and one 3 bedroom 2 bath unit. This building offers a prospective buyer immediate cash from in a strong rental market in a building where no expense was spared in construction.New construction duplex in downtown Riverside approx. 2 miles from UC Riverside with one 4 bedroom 3 bath unit and one 3 bedroom 2 bath unit. This building offers a prospective buyer immediate cash from in a strong rental market in a building where no expense was spared in construction.
  1. Listed by Parham Khoshbakhtian • DRE #01446947 • Brokerage DRE #01446947 • Parham Khoshbakhtian, Broker

Property Details for 2470 Mission Inn Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Builder
Living Area
3562
Assessor Parcel Number
211-131-013
Property Attached YN
false

Location

Listing Courtesy of Parham Khoshbakhtian, Broker, Parham Khoshbakhtian, DRE #01446947

Sold By WERE REAL ESTATE, KEVIN GONZALEZ, DRE #01947721

Add your commute
LISTING UPDATED: 08/11/2021 02:12 PM

Property Details for 2470 Mission Inn Avenue

StatusClosed
MLS #OC21117302
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2020
Lot Size0.18 AC / 8,020 SF
CountyRiverside County

Location

Listing Courtesy of Parham Khoshbakhtian, Broker, Parham Khoshbakhtian, DRE #01446947

Sold By WERE REAL ESTATE, KEVIN GONZALEZ, DRE #01947721

Add your commute

Building Information for 2470 Mission Inn Avenue

Stories-Residences-Year Built2020Building Size-Lot Size0.18 AC / 8,020 SF

Payment Calculator

$6,727 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$997

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2470 Mission Inn Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $64,800
  • Gross Scheduled Income: $64,800
  • Net Operating Income: $52,891
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Gross Multiplier: 15.42
  • Cap Rate: 5.29
  • Financing: Cash
Expense Details
  • Operating Expense: $11,909
  • New Taxes Expense: $10,989
  • Insurance Expense: $920
  • Trash Expense: $0
  • Total Expenses: $11,909
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 13
  • Tax Census Tract: 304.00
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 2900
  • 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: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2470 Mission Inn 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 2470 Mission Inn Avenue

Taxable ValueLand$268,260Additions$802,740Total$1,071,000
Tax Record2023$11,967 ($997 / month)
Home Facts
Baths2Total Finished SqFt1,181 SqFtAbove Grade Finished SqFt1,181 SqFtLot Size8,712 SqFtStyleMulti-Family Dwelling (2-4)Year Built2019ZoningR106CountyRIVERSIDEAPN211-131-013

Schools near 2470 Mission Inn Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Longfellow Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Abraham Lincoln Continuation School
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 Parham Khoshbakhtian, Broker, Parham Khoshbakhtian, DRE #01446947

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.