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9030 Colony Pl, Riverside, CA 92503
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9030 Colony Pl Riverside, CA 92503

$825,000 Sold Price as of 08/27/2019
  • 9 Beds
  • 5 Baths
  • 4,080 Sq.Ft.
Sold
$825,000 Sold Price as of 08/27/2019 Refinance Your Mortgage
Map preview of 9030 Colony Pl, Riverside, CA 92503

Property Overview: 9030 Colony Pl Riverside, CA has 9 bedrooms, 5 bathrooms, 4,080 living square feet and 8,320 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 9030 Colony Place is located in a quiet cul-de-sac 2 miles north of the 91 Freeway, near the intersection of Arlington Avenue and Van Buren Boulevard. California Baptist University, Parkview Community Hospital and the Riverside Municipal Airport are less than 2 miles from the property. Galleria at Tyler, UC Riverside, Downtown Riverside, and Loma Linda University & Hospital are easily accessible using the 60, 91, and I-215 freeways. The Colony Place Apartments is a rare, non-rent-controlled, 4-unit property. Built in 1978, the apartments are situated on a ±8,320 square foot lot with a total building size of ±4,080 square feet. The property offers an excellent unit mix of two-bedroom/one-and-half-bathroom and three-bedroom/two-bathroom townhome-style units averaging 1,020 square feet. The property features 7 assigned parking spots, mature landscaping, and new exterior paint. All units feature central air conditioning and heat, oven/stoves and private balconies and/or back patios. Select units include new carpet.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
8,320
HOA Dues
$0/mo
Year built
1978
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV19124463
City
Riverside
County
Riverside
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $3,450
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.42%
  • Gross Rent Multiplier: 14.43
  • Gross Scheduled Income: $58,200
  • Net Operating Income: $37,164
  • Gross Operating Income: $56,873
  • Vacancy Allowance: $1,759
  • Gross Spendable Income: $17,632
  • Laundry Income: $432
Annual Expense Breakdown
  • Total Operating Expense: $19,709
  • Electric: $1,327
  • Gas/Fuel: $273
  • New Taxes: $9,558
  • Trash: $1,661
  • Gardener: $720
  • Insurance: $1,200
  • Maintenance: $2,844
  • Water/Sewer: $1,327
  • Other Expenses: $800
  • Other Expense Description: Reserves

Property Details for 9030 Colony Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Corner Lot, Cul-De-Sac
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 191073088
  • Year Built Source: Assessor
  • 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: Colony Place Apartments are located north of the 91 Freeway, near the intersection of Arlington Avenue and Van Buren Boulevard
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Riverside Agent

Sale History for 9030 Colony Pl

Last sold for $825,000 on August 27th, 2019

  • August, 2019

  • Aug 28, 2019

    Date

    Sold

    CRMLS: CV19124463

    $825,000

    Price

  • Jun 28, 2019

    Date

    Pending

    CRMLS: CV19124463

    $840,000

    Price

  • May 29, 2019

    Date

    Active

    CRMLS: CV19124463

    $840,000

    Price

  • August, 2019

  • Aug 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

  • July, 2002

  • Jul 5, 2002

    Date

    Sold (Public Records)

    Public Records

    $268,500

    Price

Show More

Tax History for 9030 Colony Pl

Assessed Value (2020): $825,000
Year Land Value Improved Value Assessed Value
2020 $125,000 $700,000 $825,000

Home Value Compared to the Market

This property vs the competition

9030 Colony Pl sold on August 27, 2019 for 24.44% 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 $205.88 per/sqft which puts the price per square foot 44.8% lower than the current median sale per square foot for the city of Riverside.

About 9030 Colony Pl

Detailed summary of property

9030 Colony Pl is a multi family that recently sold in Riverside, CA 92503. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 4,080 living square feet, and sits on an approximately 8,320 square foot lot. 9030 Colony Pl was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $825,000. 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 24.44% higher than the current median priced home. Local homes that are currently for sale include 1210 S Bon View Ave, 607 S Plum Ave and 728 W 7th St. While the average home in Riverside, CA is selling in 48 days, 9030 Colony Pl has a days on market of 14 days. There are currently 708 homes for sale in the Riverside real estate market and 658 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 9030 Colony Pl Riverside, CA 92503 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 9030 Colony Pl

Public county record property details
Beds
--
Baths
--
Year built
1978
Sq. Ft.
--
Lot Size
8,276
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
7
APN
191-073-088

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.

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