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901 Via Zapata, Riverside, CA 92507
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901 Via Zapata Riverside, CA 92507

$4,725,500 Sold Price as of 12/15/2023
  • 28 Beds
  • 17 Baths
  • 10,230 Sq.Ft.
Sold
$4,725,500 Sold Price as of 12/15/2023 Refinance Your Mortgage
Map preview of 901 Via Zapata, Riverside, CA 92507

Property Overview: 901 Via Zapata Riverside, CA has 28 bedrooms, 17 bathrooms, 10,230 living square feet and 27,878 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Situated in the serene Canyon Crest neighborhood in Riverside, "The Summit Villas" at 901 Via Zapata emerges as a distinguished 17-unit multifamily property. Built in 1993, 901 Via Zapata spans 10,230 SF and is situated on an impressive 27,878 SF manicured lot. The rare & unique unit mix comprises (11) 2 Bed + 1.5 Bath Townhome-Style units with Private Balconies & (6) 1 Bed + 1 Bath Townhome-Style units with Private Rooftop Decks. The property is strategically located near the Canyon Crest Towne Centre, a hub for shopping, dining, and entertainment, as well as the renowned University of California, Riverside which is just a short drive away. Each unit is equipped with central heat and air, providing a comfortable living environment year-round. Additional amenities include an on-site manager, controlled and secure access for added safety, convenient on-site laundry facilities, and secured underground parking that accommodates 23 vehicles. The property offers investors a rare opportunity to acquire a top tier asset in a sought-after location with significant rental demand, promising both stability and potential for upside.

Listed by Megan Husri | BRE #02089901 | Keller Williams Studio City
Co-listed by David Weinberger | BRE #01349349 | Keller Williams Studio City
Last checked: 11 minutes ago | Last updated: December 17th, 2023 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
27,878
HOA Dues
$0/mo
Year built
1993
Garage
23 Car
Property Type:
Multi Family
Status
Sold
MLS#
23308603
City
Riverside
County
Riverside
Time on Site
238 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 17
  • Total # of Buildings: 1
  • # of Leased Units: 17
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $17,048
  • Pro Forma/Market Rent: $23,683
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,562
  • Total Rent: $9,370
  • Pro Forma/Market Rent: $11,112
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.2%
  • Gross Rent Multiplier: 11.7
  • Gross Scheduled Income: --
  • Net Operating Income: $195,248
  • Gross Operating Income: $313,851
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 901 Via Zapata

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • Living Room
Kitchen Information
  • Has Appliances
  • Refrigerator, Gas Oven, Gas Range
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Security Features: Resident Manager, Gated Community, Card/Code Access
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 23
  • # of Parking Spaces: 23
  • Has Parking
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Gated, Side by Side, Direct Garage Access
Property Information
  • Has View
  • View: Courtyard
  • Total # of Units: 17
  • Parcel Number: 254181006
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Corner of Canyon Crest Dr & Via Zapata
View more facts & features

Local Riverside Agent

Sale History for 901 Via Zapata

Last sold for $4,725,500 on December 15th, 2023

  • December, 2023

  • Dec 15, 2023

    Date

    Sold

    CRMLS: 23308603

    $4,725,500

    Price

  • Sep 5, 2023

    Date

    Active

    CRMLS: 23308603

    $3,750,000

    Price

  • April, 2007

  • Apr 30, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 901 Via Zapata

Assessed Value (2021): $976,485
Year Land Value Improved Value Assessed Value
2021 $135,684 $840,801 $976,485

Home Value Compared to the Market

This property vs the competition

901 Via Zapata sold on December 15, 2023 for 476.92% 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 $366.57 per/sqft which puts the price per square foot 4.29% lower than the current median sale per square foot for the city of Riverside.

About 901 Via Zapata

Detailed summary of property

901 Via Zapata is a multi family that recently sold in Riverside, CA 92507. This multi family property offered 28 bedrooms, 17 bathrooms, roughly 10,230 living square feet, and sits on an approximately 27,878 square foot lot. 901 Via Zapata was first listed on ArdentRealEstateGroup.com on September 7, 2023. The homeowner sold the property for $4,725,500. 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 476.92% higher than the current median priced home. Local homes that are currently for sale include 1321 W Bay Ave, 1809 W Bay Ave and 410 Clubhouse Ave. While the average home in Riverside, CA is selling in 49 days, 901 Via Zapata has a days on market of 29 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 901 Via Zapata Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 901 Via Zapata

Public county record property details
Beds
--
Baths
--
Year built
1993
Sq. Ft.
--
Lot Size
27,878
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
86
APN
254-181-006

The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$655,990
Median List Price/Sq.Ft.
$361
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$334
Total Inventory
126
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (63.16%), FHA (10.53%), VA (0%), Cash (13.16%), Other (10.53%)

Thinking of Selling?

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Recently Sold Homes Near 901 Via Zapata

742 Via Zapata, Riverside, CA 92507
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742 Via Zapata
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1864 12th St, Riverside, CA 92507
$4,838,000 Last Sold Price
48 Beds
56 Baths
1 Sq.Ft.
1864 12th St
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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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