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6020 Crest Ave, Riverside, CA 92503
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6020 Crest Ave Riverside, CA 92503

$1,290,000 Sold Price as of 02/15/2022
  • 9 Beds
  • 7 Baths
  • 3,498 Sq.Ft.
Sold
$1,290,000 Sold Price as of 02/15/2022 Refinance Your Mortgage
Map preview of 6020 Crest Ave, Riverside, CA 92503

Property Overview: 6020 Crest Ave Riverside, CA has 9 bedrooms, 7 bathrooms, 3,498 living square feet and 14,810 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: HUGE CORNER LOT 6 UNITS COMPLEX. Approx. 38% Upside in Rent. This 6 units apartment complex is mixed with 1 single house (2 Bed/ 2 Bath) and 5 units (3 units are 1 bed/1 bath and 2 units are 2 bed/1 bath). Approx. 3,498 building sf., 14,810 sf. lot size. Ample parking spaces. Well maintained and managed property.

Listed by Kevin Lee | BRE #01720786 | Coldwell Banker Alliance
Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
14,810
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
TR21239964
City
Riverside
County
Riverside
Time on Site
977 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,209
  • Total Rent: $1,209
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,230
  • Total Rent: $1,230
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,444
  • Total Rent: $1,444
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $909
  • Total Rent: $1,819
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.78%
  • Gross Rent Multiplier: 14.92
  • Gross Scheduled Income: $86,436
  • Net Operating Income: $61,677
  • Gross Operating Income: $83,843
  • Vacancy Allowance: $2,593
Annual Expense Breakdown
  • Total Operating Expense: $22,166
  • New Taxes: $14,512
  • Trash: $1,536
  • Gardener: $900
  • Insurance: $2,280
  • Maintenance: $574
  • Professional Management: $0
  • Water/Sewer: $2,364

Property Details for 6020 Crest Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 150120012
  • Year Built Source: Other
  • 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: Corner of Crest Ave. & Cypress Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Riverside Agent

Sale History for 6020 Crest Ave

Last sold for $1,290,000 on February 15th, 2022

  • February, 2022

  • Feb 15, 2022

    Date

    Sold

    CRMLS: TR21239964

    $1,290,000

    Price

  • Nov 1, 2021

    Date

    Active

    CRMLS: TR21239964

    $1,290,000

    Price

  • March, 2021

  • Mar 24, 2021

    Date

    Sold

    CRMLS: WS21000419

    $978,000

    Price

  • Feb 3, 2021

    Date

    Active Under Contract

    CRMLS: WS21000419

    $999,999

    Price

  • Jan 2, 2021

    Date

    Active

    CRMLS: WS21000419

    $999,999

    Price

  • Listing provided courtesy of CRMLS

    Great location 6 units income property! Single family home on Cypress and 5 units on Crest Avenue. Over 12 parking spaces. Close to schools and not far from desirable Tyler shopping and employment. Units size: 2 Bed 1 Bath 600SF, 1 Bed 1 Bath 480SF & 2 Bed 2 Bath 858SF

  • February, 2021

  • Feb 1, 2021

    Date

    Expired

    CRMLS: WS20232649

    $1,050,000

    Price

  • Dec 6, 2020

    Date

    Withdrawn

    CRMLS: WS20232649

    $1,050,000

    Price

  • Nov 5, 2020

    Date

    Active

    CRMLS: WS20232649

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Great location 6 units income property! Single family home on Cypress and 5 units on Crest Avenue. Over 12 parking spaces. Close to schools and not far from desirable Tyler shopping and employment. Units size: 2 Bed 1 Bath 600SF, 1 Bed 1 Bath 480SF & 2 Bed 2 Bath 858SF

  • September, 2015

  • Sep 28, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2008

  • Mar 28, 2008

    Date

    Sold (Public Records)

    Public Records

    $1,590,000

    Price

Show More

Tax History for 6020 Crest Ave

Assessed Value (2020): $725,295
Year Land Value Improved Value Assessed Value
2020 $186,816 $538,479 $725,295

Home Value Compared to the Market

This property vs the competition

6020 Crest Ave sold on February 15, 2022 for 93.98% higher than the current median sold price for the city of Riverside which is $665,000. The median sold price per/sqft for Riverside is $373 and this home is sold at $368.78 per/sqft which puts the price per square foot 1.13% lower than the current median sale per square foot for the city of Riverside.

About 6020 Crest Ave

Detailed summary of property

6020 Crest Ave is a multi family that recently sold in Riverside, CA 92503. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 3,498 living square feet, and sits on an approximately 14,810 square foot lot. 6020 Crest Ave was first listed on ArdentRealEstateGroup.com on November 1, 2021. The homeowner sold the property for $1,290,000. Home in Riverside are selling for a median price of $665,000 and a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 93.98% higher than the current median priced home. Local homes that are currently for sale include 825 S Claudina St, 607 N Harbor Blvd and 317 W Guinida Ln. While the average home in Riverside, CA is selling in 48 days, 6020 Crest Ave has a days on market of 15 days. There are currently 738 homes for sale in the Riverside real estate market and 681 of them are single family homes while 47 of them are condos and 10 are townhomes. For more information on this home for sale at 6020 Crest Ave Riverside, CA 92503 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 6020 Crest Ave

Public county record property details
Beds
--
Baths
--
Year built
1962
Sq. Ft.
--
Lot Size
14,810
Stories
1
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
9
APN
150-120-012

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
$659,900
Median List Price/Sq.Ft.
$391
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$367
Total Inventory
139
Median Sale to List Price %
98.51%
Avg Days on Market
22
Loan Type
Conventional (55.1%), FHA (22.45%), VA (4.08%), Cash (14.29%), Other (4.08%)

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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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