3761 Harvill Ln, Riverside, CA 92503
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3761 Harvill Ln Riverside, CA 92503

$1,350,000 Sold Price as of 08/30/2019
  • 14 Beds
  • 12 Baths
  • 8,050 Sq.Ft.
Sold
$1,350,000 Sold Price as of 08/30/2019 Refinance Your Mortgage

Map preview of 3761 Harvill Ln, Riverside, CA 92503

Property Overview: 3761 Harvill Ln Riverside, CA has 14 bedrooms, 12 bathrooms, 8,050 living square feet and 10,176 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Well maintained 8 unit apartment building located adjacent to park and school. Excellent unit mix, new plumbing throughout, new exterior painting and wood trim. Excellent investment opportunity

Listed by John Daciolas | BRE #1232203 | Newmark Knight Frank
Last checked: 10 minutes ago | Last updated: May 1st, 2022 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft
10,176
HOA Dues
$0/mo
Year built
1974
Garage
1 Car
Property Type:
Apartment
Status
Sold
MLS#
IG19145999
City
Riverside
County
Riverside
Time on Site
1397 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $975
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $975
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $975
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.39%
  • Gross Rent Multiplier: 13.36
  • Gross Scheduled Income: $104,700
  • Net Operating Income: $75,370
  • Gross Operating Income: $102,606
  • # of Rented Garages: 1
  • Garage Rental Rate: $75
  • Garage Rental Income: $75
  • Laundry Income: $125
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $27,236
  • Electric: $888
  • Gas/Fuel: $1,800
  • New Taxes: $15,400
  • Trash: $2,244
  • Gardener: $1,200
  • Insurance: $2,200
  • Professional Management: $0
  • Water/Sewer: $3,504

Property Details for 3761 Harvill Ln

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 135151004
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: McKinley & Magnolia
Neighborhood Information
  • Community Features: Curbs, Park, Street Lights, Urban
View more facts & features

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Sale History for 3761 Harvill Ln

Last leased for $100 on November 11th, 2021
  • March, 2022

  • Mar 23, 2022

    Date

    Active

    CRMLS: IG22058237

    $1,685

    Price

  • Listing provided courtesy of CRMLS

    Second floor, fully renovated 1BR / 1 BA with fresh paint, new flooring throughout, granite or quartz countertops. Very close to shopping centers, Costco, Walmart, Home Depot, and other shopping centers. Easy walking to public transit. Minimum security deposit equal to one (1) months rent, additional security deposit may be required based on the eligibility of the household. Renters must obtain a renters insurance policy. Household monthly income must meet or exceed minimum guidelines for the property 2.5 x rent. Applicant must show proof of income, either pay stubs with bank statements to verify deposits or tax returns with current P&Ls for self-employed applicants. Any factually inaccurate, false, or misleading statements on an application will be cause for automatic denial of the application. All adults who intend on residing in the property must submit an application and satisfactorily complete a credit, criminal, employment, and residency screening and background check. Renters responsible for all utilities. No smoking allowed. Up to two small pets permitted. 1 Car garage included at no additional cost. Apply online at the following link: https://epmilestone.managebuilding.com/Resident/rental-application/apply

  • October, 2021

  • Oct 4, 2021

    Date

    Price Change

    CRMLS: IG21219612

    $1,730

    Price

  • Listing provided courtesy of CRMLS

    Second floor, fully renovated 1BR / 1 BA with fresh paint, new flooring throughout, granite or quartz countertops. Very close to shopping centers, Costco, Walmart, Home Depot, and other shopping centers. Easy walking to public transit. 3D Tour @ http://bit.ly/39YPmnB Minimum security deposit equal to one (1) months rent, additional security deposit may be required based on the eligibility of the household. Renters must obtain a renters insurance policy. Household monthly income must meet or exceed minimum guidelines for the property 2.5 x rent. Applicant must show proof of income, either pay stubs with bank statements to verify deposits or tax returns with current P&Ls for self-employed applicants. Any factually inaccurate, false, or misleading statements on an application will be cause for automatic denial of the application. All adults who intend on residing in the property must submit an application and satisfactorily complete a credit, criminal, employment, and residency screening and background check. - Renters responsible for all utilities. - No smoking allowed. - Up to two small pets permitted. - 1 Car garage included at no additional cost. Apply online at the following link: https://epmilestone.managebuilding.com/Resident/rental-application/apply

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: P0-820001596

    $1,630,000

    Price

  • Jul 22, 2020

    Date

    Active

    CRMLS: P0-820001596

    $1,630,000

    Price

  • Listing provided courtesy of CRMLS

    JUST REDUCED $50K! 8 units townhouse-style apartment, great location in Corona submarket! Located in a quiet residential area by the intersection of Mckinley Street and Magnolia Avenue, minutes walk to Villegas Middle School, University of Riverside, La Sierra University, Walmart Supercenter, Costco Wholesale, and 99 Rancho Market. This investment offers an impressive cap rate of +/-4.49% current / +/-5.86% Pro-forma, with approx. 20% upside in rental income. Property sold 'As-Is' in its present condition, Seller will not pay or make any repairs/replacements. Drive-by only, please do not disturb tenants.3761 Harvill Lane has a total building size of +/-7,620 SF, sitting on a +/-10,176 SF lot. The property offers an excellent unit mix of (2) 3 Bed / 3 Bath (townhouse-style), (2) 2 Bed / 1 Bath (townhouse-style), and (4) 1 Bed / 1 Bath. The units are spacious, with estimated 1,270 SF 3-bedroom, 1,020 SF 2-bedroom, 760 SF 1-bedroom units. The townhouse-style units have outdoor patios. There is a total of 14 parking spaces, consists of 10 garages and 4 open spaces. Features include granite countertops, new piping throughout, new exterior paint and woodworking. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy

  • September, 2019

  • Sep 3, 2019

    Date

    Sold

    CRMLS: IG19145999

    $1,350,000

    Price

  • Aug 10, 2019

    Date

    Active Under Contract

    CRMLS: IG19145999

    $1,399,000

    Price

  • Jul 18, 2019

    Date

    Pending

    CRMLS: IG19145999

    $1,399,000

    Price

  • Jun 20, 2019

    Date

    Active

    CRMLS: IG19145999

    $1,399,000

    Price

  • August, 2019

  • Aug 29, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

  • February, 2019

  • Feb 1, 2019

    Date

    Expired

    CRMLS: IG18164373

    $1,425,000

    Price

  • Oct 3, 2018

    Date

    Price Change

    CRMLS: IG18164373

    $1,425,000

    Price

  • Sep 6, 2018

    Date

    Price Change

    CRMLS: IG18164373

    $1,429,000

    Price

  • Aug 23, 2018

    Date

    Price Change

    CRMLS: IG18164373

    $1,449,000

    Price

  • Jul 9, 2018

    Date

    Active

    CRMLS: IG18164373

    $1,459,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 1997

  • Jan 17, 1997

    Date

    Sold (Public Records)

    Public Records

    $222,000

    Price

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Tax History for 3761 Harvill Ln

Assessed Value (2020): $1,350,000
Year Land Value Improved Value Assessed Value
2020 $225,000 $1,125,000 $1,350,000

Home Value Compared to the Market

This property vs the competition

3761 Harvill Ln sold on August 30, 2019 for 107.26% 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 $173.79 per/sqft which puts the price per square foot 53.41% lower than the current median sale per square foot for the city of Riverside.

About 3761 Harvill Ln

Detailed summary of property

3761 Harvill Ln is a apartment that recently sold in Riverside, CA 92503. This apartment offered 14 bedrooms, 12 bathrooms, roughly 8,050 living square feet, and sits on an approximately 10,176 square foot lot. 3761 Harvill Ln was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,350,000. 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 107.26% higher than the current median priced home. Local homes that are currently for sale include 8795 Lomita Dr, 2458 Chanslor St and 2411 Angela St. While the average home in Riverside, CA is selling in 48 days, 3761 Harvill Ln has a days on market of 51 days. There are currently 681 homes for sale in the Riverside real estate market and 631 of them are single family homes while 44 of them are condos and 6 are townhomes. For more information on this home for sale at 3761 Harvill Ln Riverside, CA 92503 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3761 Harvill Ln

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
--
Lot Size
10,018
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
4
APN
135-151-004

The source for these homes facts are from public records.

92503 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,900
Median List Price/Sq.Ft.
$373
Median Sold Price
$632,000
Median Sold Price/Sq.Ft.
$409
Total Inventory
140
Median Sale to List Price %
101.94%
Avg Days on Market
17
Loan Type
Conventional (45.45%), FHA (27.27%), VA (0%), Cash (12.12%), Other (15.15%)

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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.