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4971 Brooks St, Riverside, CA 92506
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4971 Brooks St Riverside, CA 92506

$1,245,000 Sold Price as of 12/05/2023
  • 8 Beds
  • 6 Baths
  • 3,842 Sq.Ft.
Sold
$1,245,000 Sold Price as of 12/05/2023 Refinance Your Mortgage
Map preview of 4971 Brooks St, Riverside, CA 92506

Property Overview: 4971 Brooks St Riverside, CA has 8 bedrooms, 6 bathrooms, 3,842 living square feet and 27,007 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment Opportunity. 5.3 Cap Rate on a Townhouse Style 4 Plex with 3 units remodeled and Newer 40 yr Composition Roof and Newer exterior paint and fence. Each unit features 2 large bedrooms approximately 13 X 15. & 1.5 Baths, full bath up and half bath down. The Primary bedroom offers a spacious walk-in closet and access to the hall bath from the bedroom. All water heaters have been replaced, 3 Interiors updated within the last 5 years. Smooth Ceilings, Recessed Lights and more. Each unit has their own patio. Tenants pay gas and electricity. There is a laundry room on-site for the tenants with leased machines that generate approximately $125 per month to the owner. Laundry Room has been upgraded with built in cabinets. Parking is open and there is room enough for 9 cars. The lot is over 1/2 acre and the fence is new! This is a well maintained building with good tenants and located in a great neighborhood close by Downtown Riverside, The Mission and University of California Riverside, , Riverside City College, Businesses and Entertainment.

Listed by Shariee Dunn | BRE #00554534 | BHHS CA Properties
Last checked: 10 minutes ago | Last updated: December 6th, 2023 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
27,007
HOA Dues
$0/mo
Year built
1985
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PW23205820
City
Riverside
County
Riverside
Time on Site
177 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 13.39
  • Gross Scheduled Income: $91,920
  • Net Operating Income: $66,039
  • Gross Operating Income: $90,082
  • Vacancy Allowance: $1,838
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $1,500
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $24,043
  • Electric: $1,200
  • New Taxes: $12,707
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $2,250
  • Insurance: $3,000
  • Maintenance: $2,726
  • Professional Management: $0
  • Water/Sewer: $2,160
  • Other Expenses: $0

Property Details for 4971 Brooks St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
  • All Bedrooms Up, Primary Bedroom, Walk-In Closet
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Good Condition, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Asphalt, Off Street, On Site, Side by Side, Uncovered
Lot Information
  • Lot Features: Landscaped, Lot 20000-39999 Sqft, Level, Near Public Transit, Sprinklers In Front, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 219164011
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Olivewood to Brooks
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Foothills, Gutters, Street Lights
View more facts & features

Local Riverside Agent

Sale History for 4971 Brooks St

Last sold for $1,245,000 on December 5th, 2023

  • December, 2023

  • Dec 5, 2023

    Date

    Sold

    CRMLS: PW23205820

    $1,245,000

    Price

  • Nov 7, 2023

    Date

    Active

    CRMLS: PW23205820

    $1,245,000

    Price

  • July, 2015

  • Jul 17, 2015

    Date

    Sold (Public Records)

    Public Records

    $530,000

    Price

  • December, 2013

  • Dec 17, 2013

    Date

    Sold (Public Records)

    Public Records

    $545,000

    Price

Show More

Tax History for 4971 Brooks St

Assessed Value (2020): $573,686
Year Land Value Improved Value Assessed Value
2020 $216,485 $357,201 $573,686

Home Value Compared to the Market

This property vs the competition

4971 Brooks St sold on December 5, 2023 for 91.54% 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 $383 and this home is sold at $324.05 per/sqft which puts the price per square foot 15.39% lower than the current median sale per square foot for the city of Riverside.

About 4971 Brooks St

Detailed summary of property

4971 Brooks St is a fourplex that recently sold in Riverside, CA 92506. This fourplex offered 8 bedrooms, 6 bathrooms, roughly 3,842 living square feet, and sits on an approximately 27,007 square foot lot. 4971 Brooks St was first listed on ArdentRealEstateGroup.com on November 7, 2023. The homeowner sold the property for $1,245,000. Home in Riverside are selling for a median price of $650,000 and a median price per square foot of $383. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 91.54% higher than the current median priced home. Local homes that are currently for sale include 2458 Chanslor St, 602 Karesh Ave and 678 Del Rosa Pl. While the average home in Riverside, CA is selling in 49 days, 4971 Brooks St has a days on market of 6 days. There are currently 652 homes for sale in the Riverside real estate market and 614 of them are single family homes while 33 of them are condos and 5 are townhomes. For more information on this home for sale at 4971 Brooks St Riverside, CA 92506 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 4971 Brooks St

Public county record property details
Beds
--
Baths
--
Year built
1985
Sq. Ft.
--
Lot Size
27,007
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
19
APN
219-164-011

The source for these homes facts are from public records.

92506 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$765,000
Median List Price/Sq.Ft.
$376
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$365
Total Inventory
104
Median Sale to List Price %
100.01%
Avg Days on Market
31
Loan Type
Conventional (28%), FHA (28%), VA (0%), Cash (28%), Other (16%)

Thinking of Selling?

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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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