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11937 Knoefler Dr, Riverside, CA 92505
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11937 Knoefler Dr Riverside, CA 92505

$1,300,000 Sold Price as of 12/29/2020
  • 15 Beds
  • 7 Baths
  • 4,290 Sq.Ft.
Sold
$1,300,000 Sold Price as of 12/29/2020 Refinance Your Mortgage
Map preview of 11937 Knoefler Dr, Riverside, CA 92505

Property Overview: 11937 Knoefler Dr Riverside, CA has 15 bedrooms, 7 bathrooms, 4,290 living square feet and 37,462 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 11937 Knoefler Drive is located in a mature, highly desirable neighborhood approximately one block south and within walking distance of La Sierra University. This property is a rare, single story, 7 unit property. Built in 1960. The property is situated on an oversized ±37,462 square foot lot with a total building size of ±4,290 square feet. The property has an excellent unit mix of two-bedroom/one bathroom and three-bedroom/one-bathroom units averaging 613 square feet. This property features low maintenance & drought tolerant landscaping, new paint, wall air conditioning and heating, an on-site laundry facility, individual water heaters, upgraded vinyl windows, and security doors. There are fourteen off-street parking spaces. All units are individually metered for gas & electricity. 11937 Knoefler Drive is a prime Riverside income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first time purchaser, seasoned investor, or a 1031 exchange opportunity.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
37,462
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV20212641
City
Riverside
County
Riverside
Time on Site
1451 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $7,350
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.67%
  • Gross Rent Multiplier: 12.15
  • Gross Scheduled Income: $106,980
  • Net Operating Income: $60,715
  • Gross Operating Income: $101,631
  • Vacancy Allowance: $5,349
Annual Expense Breakdown
  • Total Operating Expense: $40,916
  • Electric: $1,340
  • Gas/Fuel: $553
  • New Taxes: $15,542
  • Trash: $2,488
  • Gardener: $1,700
  • Insurance: $2,234
  • Maintenance: $4,470
  • Professional Management: $8,886
  • Water/Sewer: $1,614
  • Other Expenses: $1,400
  • Other Expense Description: Reserves

Property Details for 11937 Knoefler Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 141240015
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Take I-15 S, Merge onto CA-91 E, Exit on Pierce Street and make a Left, Continue onto Ambs Dr., Turn Left on Knoefler Dr.
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local Riverside Agent

Sale History for 11937 Knoefler Dr

Last sold for $1,300,000 on December 29th, 2020

  • January, 2021

  • Jan 6, 2021

    Date

    Price Change

    CRMLS: I08025181

    $820,000

    Price

  • Jan 6, 2021

    Date

    Price Change

    CRMLS: I08025181

    $790,000

    Price

  • Listing provided courtesy of CRMLS

    8 units in the La Sierra area of Riverside near the upscale "Riverwalk" development. Six 2-bedroom units, One 3-bedroom unit, and a 2 bedroom house. Carport parking for 6 cars, and other parking for approx 10 vehicles. Walking distance to La Sierra University. New Elementary school across Ambs Street. The lot size is over 8/10 of an acre. Room to raise rents.

  • December, 2020

  • Dec 31, 2020

    Date

    Sold

    CRMLS: CV20212641

    $1,300,000

    Price

  • Oct 13, 2020

    Date

    Pending

    CRMLS: CV20212641

    $1,300,000

    Price

  • Oct 9, 2020

    Date

    Active

    CRMLS: CV20212641

    $1,300,000

    Price

  • December, 2020

  • Dec 29, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

  • August, 2010

  • Aug 25, 2010

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • November, 2002

  • Nov 11, 2002

    Date

    Sold

    CRMLS: K214904

    $457,870

    Price

  • May 18, 2002

    Date

    Active

    CRMLS: K214904

    --

    Price

  • Listing provided courtesy of CRMLS

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Tax History for 11937 Knoefler Dr

Assessed Value (2020): $644,301
Year Land Value Improved Value Assessed Value
2020 $263,576 $380,725 $644,301

Home Value Compared to the Market

This property vs the competition

11937 Knoefler Dr sold on December 29, 2020 for 100% higher than the current median sold price for the city of Riverside which is $650,000. The median sold price per/sqft for Riverside is $389 and this home is sold at $303.03 per/sqft which puts the price per square foot 22.1% lower than the current median sale per square foot for the city of Riverside.

About 11937 Knoefler Dr

Detailed summary of property

11937 Knoefler Dr is a multi family that recently sold in Riverside, CA 92505. This multi family property offered 15 bedrooms, 7 bathrooms, roughly 4,290 living square feet, and sits on an approximately 37,462 square foot lot. 11937 Knoefler Dr was first listed on ArdentRealEstateGroup.com on October 9, 2020. The homeowner sold the property for $1,300,000. Home in Riverside are selling for a median price of $650,000 and a median price per square foot of $389. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 100% higher than the current median priced home. Local homes that are currently for sale include 2411 Angela St, 931 S Towne Ave and 1379 S Gibbs St. There are currently 797 homes for sale in the Riverside real estate market and 733 of them are single family homes while 55 of them are condos and 9 are townhomes. For more information on this home for sale at 11937 Knoefler Dr Riverside, CA 92505 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 11937 Knoefler Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
37,461
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
31
APN
141-240-015

The source for these homes facts are from public records.

92505 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$669,000
Median List Price/Sq.Ft.
$403
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$384
Total Inventory
66
Median Sale to List Price %
100%
Avg Days on Market
25
Loan Type
Conventional (60%), FHA (20%), VA (13.33%), Cash (0%), Other (6.67%)

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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.

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