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4228 10Th St Riverside, CA 92501

$1,020,112 Sold Price as of 06/17/2022

6 Beds
0 Baths
2,600 Sq.Ft.

Sold

$1,020,112 Sold Price as of 06/17/2022 Refinance Your Mortgage

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Map preview of 4228 10Th St, Riverside, CA 92501

Property Overview: 4228 10Th St Riverside, CA has 6 bedrooms, -- bathrooms, 2,600 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4228-4234 10th St. are four units comprised of (2) two bedrooms one bath in the front building and (2) one bedroom and one bath in the back building. Unit 4230, 4232, 4234 had electrical upgrades. Unit 4230 and 4232 had a gas re-pipe. Unit 4232 has laundry hook ups. This property has a basement in the front building and garages in the back. There may be a possibility for an ADU. The property has mature landscaping. The apartment is within walking distance to downtown Riverside. This is a value add opportunity. This property must be sold with the apartment 4250 10th St. next door. The property fell out of escrow due to Buyer's non-performance. Rent increases will take effect on August 1st, 2022. The seller is motivated.

Listed by Ken Ishiki | BRE #01438720 | Lyon Stahl Investment Real Estate
Co-listed by Daniel Shieh | BRE #01978847 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 7 minutes ago | Last updated: June 18th, 2022 | Source CRMLS | DOM: 143

Home details

Lot Sq. Ft: 7,841
HOA Dues: $0/mo
Year built: 1940
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC22000638
City: Riverside
County: Riverside
Time on Site: 864 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,050

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 0
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $954
Total Rent: $954
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $954
Total Rent: $954
Pro Forma/Market Rent: $1,600

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,050
Total Rent: $2,050
Pro Forma/Market Rent: $2,050

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.61%
Gross Rent Multiplier: --
Gross Scheduled Income: $71,496
Net Operating Income: $50,686
Gross Operating Income: $69,351
Vacancy Allowance: $2,145

Annual Expense Breakdown

Total Operating Expense: $18,665
Electric: $252
Gas/Fuel: $0
New Taxes: $12,308
Trash: $444
Gardener: $1,125
Insurance: $1,040
Maintenance: $1,846
Water/Sewer: $901

Property Details for 4228 10Th St

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: Lot 6500-9999
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 4
Parcel Number: 215071005
Year Built Source: Estimated
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: North on Brockton Ave. West on Tenth St.

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Riverside Agent

Sale History for 4228 10Th St

Last sold for $1,020,112 on June 17th, 2022

April, 2022
Apr 9, 2022

Date

Active

CRMLS: OC22000638

$1,175,000

Price
Mar 25, 2022

Date

Price Change

CRMLS: OC22000638

$1,175,000

Price
Jan 3, 2022

Date

Active

CRMLS: OC22000638

$1,250,000

Price
January, 2021
Jan 21, 2021

Date

Sold

CRMLS: OC20143755

$1,250,000

Price
Oct 30, 2020

Date

Active Under Contract

CRMLS: OC20143755

$1,525,000

Price
Oct 15, 2020

Date

Active

CRMLS: OC20143755

$1,525,000

Price
Aug 26, 2020

Date

Active Under Contract

CRMLS: OC20143755

$1,525,000

Price
Jul 20, 2020

Date

Active

CRMLS: OC20143755

$1,525,000

Price
Listing provided courtesy of CRMLS

This complex is comprised of two 4 unit apartments for a total of 8 units at 4228-4250 10th St. Riverside. Residential financing is available for each 4 unit. The property is close to the 91, 60 and 215 freeways. The properties are about 4 miles to UC Riverside and about 1 mile to Riverside Community College. Walking distance to Downtown Riverside.

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January, 2021
Jan 20, 2021

Date

Sold (Public Records)

Public Records

$625,000

Price
May, 2006
May 9, 2006

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 4228 10Th St

Assessed Value (2020): $561,000

Year	Land Value	Improved Value	Assessed Value
2020	$102,000	$459,000	$561,000

Home Value Compared to the Market

This property vs the competition

4228 10Th St sold on June 17, 2022 for 62.96% 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 $423.08 per/sqft which puts the price per square foot 13.43% higher than the current median sale per square foot for the city of Riverside.

About 4228 10Th St

Detailed summary of property

4228 10Th St is a multi family that recently sold in Riverside, CA 92501. This multi family property offered 6 bedrooms, -- bathrooms, roughly 2,600 living square feet, and sits on an approximately 7,841 square foot lot. 4228 10Th St was first listed on ArdentRealEstateGroup.com on January 3, 2022. The homeowner sold the property for $1,020,112. 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 62.96% higher than the current median priced home. Local homes that are currently for sale include 221 E Sunkist St, 1156 W Stoneridge Court and 12980 6th St. While the average home in Riverside, CA is selling in 48 days, 4228 10Th St has a days on market of 143 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 4228 10Th St Riverside, CA 92501 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 4228 10Th St

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 7,840
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Riverside
Lot#: 12
APN: 215-071-005

The source for these homes facts are from public records.

92501 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$639,000

Median List Price/Sq.Ft.

$355

Median Sold Price

$580,000

Median Sold Price/Sq.Ft.

$371

Total Inventory

Median Sale to List Price %

100.87%

Avg Days on Market

Loan Type

Conventional (55.56%), FHA (0%), VA (0%), Cash (22.22%), Other (22.22%)

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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.