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1180 Central Ave Riverside, CA 92507

$2,205,000 Sold Price as of 12/27/2023

15 Beds
10 Baths
7,831 Sq.Ft.

Sold

$2,205,000 Sold Price as of 12/27/2023 Refinance Your Mortgage

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Map preview of 1180 Central Ave, Riverside, CA 92507

Property Overview: 1180 Central Ave Riverside, CA has 15 bedrooms, 10 bathrooms, 7,831 living square feet and 13,939 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare Opportunity to own this Multi Family in Riverside. First time in market in almost 50 years. Strategic location. Close to UC Riverside, shopping centers, restaurants & adjacent to Canyon Crest Country Club Course with exceptional views form 5 of 7 units. Most recent renovations are as follows: New landscaping, Newer water heater, New gas lines ( 5 months ago ), Newer roof ( welded down ), 3 of 7 units recently renovated, New paintings of moldings, frames, doors, fences, balconies, railings and parking resealed and painted completely.

Listed by Paul Sarkissian | BRE #01452059 | So-Cal Realty

Last checked: 5 minutes ago | Last updated: December 28th, 2023 | Source CRMLS | DOM: 106

Home details

Lot Sq. Ft: 13,939
HOA Dues: $0/mo
Year built: 1975
Garage: 7 Car
Property Type:: Apartment

Status: Sold
MLS#: GD23158084
City: Riverside
County: Riverside
Time on Site: 253 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 2
# of Leased Units: 5
# of Electric Meters: 7
# of Gas Meters: 7
# of Water Meters: 0

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,300
Total Rent: $2,300
Pro Forma/Market Rent: $2,400

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,650
Total Rent: $1,650
Pro Forma/Market Rent: $1,850

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,200
Total Rent: $2,200
Pro Forma/Market Rent: $2,300

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,750
Total Rent: $1,750
Pro Forma/Market Rent: $1,850

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,505
Total Rent: $1,505
Pro Forma/Market Rent: $1,750

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,650
Total Rent: $1,650
Pro Forma/Market Rent: $1,850

Unit Breakdown 7

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $1,700
Pro Forma/Market Rent: $1,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $160,037
Net Operating Income: $107,429
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $52,607
Electric: $689
Gas/Fuel: $5,000
Trash: $2,588
Insurance: $4,488
Professional Management: $8,636
Water/Sewer: $1,398

Property Details for 1180 Central Ave

Interior Features

Laundry Information

Has Laundry
Individual Room

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 7
# of Parking Spaces: 7
Has Parking
Parking Features: Assigned

Lot Information

Lot Features: 6-10 Units/Acre
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 7
Parcel Number: 254162008
Year Built Source: Assessor
Entry Level: 2
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Corner of Central ave and Via Viejo

Neighborhood Information

Community Features: Biking, Curbs, Golf, Sidewalks

View more facts & features

Local Riverside Agent

Sale History for 1180 Central Ave

Last sold for $2,205,000 on December 27th, 2023

December, 2023
Dec 27, 2023

Date

Sold

CRMLS: GD23158084

$2,205,000

Price
Aug 23, 2023

Date

Active

CRMLS: GD23158084

$2,895,000

Price
April, 2021
Apr 16, 2021

Date

Leased

CRMLS: IV21068870

$1,600

Price
Apr 14, 2021

Date

Hold

CRMLS: IV21068870

$1,600

Price
Apr 7, 2021

Date

Active

CRMLS: IV21068870

$1,600

Price
Apr 6, 2021

Date

Hold

CRMLS: IV21068870

$1,600

Price
Apr 2, 2021

Date

Active

CRMLS: IV21068870

$1,600

Price
Listing provided courtesy of CRMLS

Lovely 2 bedroom /1.5 bath situated on a Corner lot offered in the heart of Canyon Crest. Two bedrooms are upstairs with a full bath, downstairs you have a spacious entry that leads to the family and dinning area. Unit has been nicely remolded with fresh colors. Area amentias are walkings distance to Ralphs fresh fair and Andeluka Park. This one will not last.

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May, 2019
May 21, 2019

Date

Leased

CRMLS: IV19088253

$1,800

Price
Apr 30, 2019

Date

Active

CRMLS: IV19088253

$1,800

Price
Apr 30, 2019

Date

Hold

CRMLS: IV19088253

$1,800

Price
Apr 18, 2019

Date

Active

CRMLS: IV19088253

$1,800

Price
Listing provided courtesy of CRMLS

Offered for Lease in a Private Sought Community of Canyon Crest! Walking distance to Andulka park, Ralphs, Starbucks etc. Unit is spacious and recently modernized to give you a model like home feeling.

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April, 1989
Apr 30, 1989

Date

Sold (Public Records)

Public Records

$485,000

Price

Tax History for 1180 Central Ave

Assessed Value (2020): $285,942

Year	Land Value	Improved Value	Assessed Value
2020	$227,085	$58,857	$285,942

Home Value Compared to the Market

This property vs the competition

1180 Central Ave sold on December 27, 2023 for 269.63% higher than the current median sold price for the city of Riverside which is $675,000. The median sold price per/sqft for Riverside is $373 and this home is sold at $318.61 per/sqft which puts the price per square foot 14.58% lower than the current median sale per square foot for the city of Riverside.

About 1180 Central Ave

Detailed summary of property

1180 Central Ave is a apartment that recently sold in Riverside, CA 92507. This apartment offered 15 bedrooms, 10 bathrooms, roughly 7,831 living square feet, and sits on an approximately 13,939 square foot lot. 1180 Central Ave was first listed on ArdentRealEstateGroup.com on August 26, 2023. The homeowner sold the property for $2,205,000. Home in Riverside are selling for a median price of $675,000 and a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 269.63% higher than the current median priced home. Local homes that are currently for sale include 1556 E Benmore Ln, 1401 E Lincoln Ave and 900 E Chapman Ave. While the average home in Riverside, CA is selling in 50 days, 1180 Central Ave has a days on market of 106 days. There are currently 648 homes for sale in the Riverside real estate market and 608 of them are single family homes while 34 of them are condos and 6 are townhomes. For more information on this home for sale at 1180 Central Ave Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 1180 Central Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 13,939
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Riverside
Lot#: 54
APN: 254-162-008

The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$655,990

Median List Price/Sq.Ft.

$361

Median Sold Price

$699,000

Median Sold Price/Sq.Ft.

$334

Total Inventory

126

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (63.16%), FHA (10.53%), VA (0%), Cash (13.16%), Other (10.53%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.