Residential Income – 1845 Ohio St, Riverside, CA 92507, USA -001-11-30T00:00:00-08:00
-Less than 1.25 Miles to UC Riverside Campus -Adjacent to Desirable Canyon Crest Neighborhood -Majority Spacious 2BR and 3BR Units -Substantial Rental Upside -Garages and Attractive Garden Area -New Roof and Landscaping
1845 Ohio St, Riverside, CA 92507, USA
$2,295,000 USD
Pictures
Map
Object Images
Contact us
Schedule Tour
Address1845 Ohio Street, Riverside
Price$2,295,000
Price Changed2.34% (-$55,000, 89 days ago)
Close Price$2,295,000
Close DateSeptember 11, 2018
Year Built1965
Bedrooms Total0
Living Area12,800 ft2
Lot Size (Sq.Ft.)15,246
Listing IDPW18189948
StatusClosed
Parcel Number221162020
ZoningR3
Special ConditionsStandard
Days on Market126

Detailed Description: -Less than 1.25 Miles to UC Riverside Campus -Adjacent to Desirable Canyon Crest Neighborhood -Majority Spacious 2BR and 3BR Units -Substantial Rental Upside -Garages and Attractive Garden Area -New Roof and Landscaping

View
Cooling
Laundry
Parking
Pool Private
Rent Control
Senior Community
Spa
Property Attached
Land Lease
Appliances

Property added to favorites
Add to Favorite
Mortgage calculator
More Information
Loan
Mortgage
Expert
Loan amount
Loan term
Annual interest rate
First payment date
Amortization period
Calculate
Hide
Address Information
Address1845 Ohio Street, Riverside
Street SuffixStreet
CityRiverside
Location (MLS Area)252 – Riverside
County Or ParishRiverside
State or ProvinceCA
Postal Code92507
Postal Code Plus45428
CountryUS
Financial Information
Close Price$2,295,000
Close DateSeptember 11, 2018
Purchase Contract DateAugust 31, 2018
Price Changed-2.3404%
Previous Price$2,350,000
Price per Square Foot$179.30
Price per Lot Square Foot$150.53
Price per Unit$143,438
Tenant PaysCable TV, Electricity, Telephone
Special ConditionsStandard
Total Expenses$61,045
Professional Management Expense$4,800
Licenses Expense$1,500
Operating Expense$61,045
Insurance Expense$2,712
Gardner Expense$3,500
Water Sewer Expense$8,822
Maintenance Expense$13,469
Operating Expense31.7%
Gross Operating Income$186,647
Gross Income$192,400
Gross Scheduled Income$192,400
Net Operating Income$125,602
Total Actual Rent$15,785
Vacancy Allowance$5,772
Gross Multiplier11.93%
Tax Year2000
Tax Lot62
New Taxes Expense$25,717
Full Descriptions
Parcel Number221162020
Detailed Description-Less than 1.25 Miles to UC Riverside Campus -Adjacent to Desirable Canyon Crest Neighborhood -Majority Spacious 2BR and 3BR Units -Substantial Rental Upside -Garages and Attractive Garden Area -New Roof and Landscaping
Lot Features16-20 Units / Acre
Community FeaturesCurbs, Sidewalks, Street Lighting, Suburban
Water SourcePublic
UtilitiesCable Available
Laundry FeaturesCommunity
Heating DescriptionWall Heater
Cooling DescriptionWall Window
Appliances DescriptionDishwasher, Gas Oven, Gas Range
Parking FeaturesCarport Attached
Common Walls Description2
View DescriptionNone
Pool FeaturesNone
Spa FeaturesNone
Property parameters
Year Built1965
Living Area (Sq.Ft.)12,800 ft2
Lot Size (Sq.Ft.)15,246
Lot Size SourceAssessor
Number of Buildings4
Number of Units Leased16
Number of Units Total16
ZoningR3
Stories Total2
Parking Spaces24
Garage Spaces16
Uncovered Spaces4
LevelsTwo
Carport Spaces4
Water SourcePublic
Units Total16
Year Built SourceAssessor
Vacancy Allowance Rate3%
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Units with Dishwasher16
Cap Rate (For Cash Payment Only)5.5
Listed withPeter Gillin (Morgan Skenderian)