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SOLD 12/22/2020
10640 Burton Street, Riverside, CA 92505
2
beds
1
bath
3950
ft2
· 7841
ft2 lot
$825,000
$215 / ft2
Listing provided courtesy of Listing Broker: Matthew Hopkins, Citivest Inc.
Source CRMLS.
100% Occupied Riverside Fourplex with Below market rents and all tenants paying! This is the first time this property has been on the market for over 30 years. The property consists of one four unit building. All units are two bedroom one bathroom with two units being upstairs and two downstairs. Tenants are responsible for gas and electric and owner pays for water, sewer and common area utilities. Each unit has two parking spaces on the premises with 2 of the units having covered garage spaces. All tenants are currently paying full rent have lease expirations coming in the near future. This will allow a buyer to substantially increase rents in the units over the next year. Recent Upgrades to the property include newly repaved driveway and parking lot, exterior paint, plumbing upgrades and more. This property can be purchased by itself or with 10652 Burton St.
HOA
$—/month
On market
10 days
Year built
1965
Property type
Multi-Family
Parking
8
MLS
PW20211416
Price / Sq.Ft.
$215 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $849,900
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Discount Brokerage
$2,985
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not offered
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 3950.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 2.00
•   
Uncovered Spaces: 6.00
•   
Carport Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: R3
•   
Lot Features: Lawn, Sprinklers In Front
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1800
•   
Lot Size Area: 7841.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Gross Operating Income: 71200.00
•   
Water Sewer Expense: 1400.00
•   
Laundry Income: 400.00
•   
Vacancy Allowance Rate: 5.00
•   
Maintenance Expense: 5500.00
•   
Laundry Equipment Own Lease: Lease
•   
Fuel Expense: 800.00
•   
Trash Expense: 915.00
•   
New Taxes Expense: 9350.00
•   
Insurance Expense: 1750.00
•   
Professional Management Expense: 3480.00
•   
Total Expenses: 23745.00
•   
Gross Scheduled Income: 71200.00
•   
Operating Expense: 23745.00
Tax/Assessment Info
•   
Gross Income: 400.00
•   
Tax Year: 2020
•   
Taxes: 2268.0
Lease Info
•   
Net Operating Income: 45955.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 550.00
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 4636.00
•   
Unit 1 Total Rent: 55632.00
Multi Unit Information
•   
# Of Units: 1
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks
•   
Directions: From Polk turn onto Burton St
Other
Calculation
•   
Dom: 11
•   
Cdom: 11
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 13, 2021 11:09pm
Neighborhood snapshot
30
Properties for sale
6
Median days on market
$286.74
Median sold price/sqft
102.09%
Sold/List %
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Property History
12/22/2020
12/22/2020
Public Record
sold
Public Record
$840,000
--1.16%
12/22/2020
12/22/2020
CRMLS #PW20211416
sold
CRMLS #PW20211416
$849,900
10/19/2020
10/19/2020
CRMLS #PW20211416
pending
CRMLS #PW20211416
$849,900
10/08/2020
10/08/2020
CRMLS #PW20211416
active
CRMLS #PW20211416
$849,900
+645.53%
10/16/1992
10/16/1992
Public Record
sold
Public Record
$114,000
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