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Sold on 12/26/2012
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10880 Wells Ave, Riverside, CA 92505

$630,900

Last sold 12/26/2012 for $288K

  • —

    bed

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    bath

Multi-family not for sale
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About 10880 Wells Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 5,663 Sqft
Movoto estimate
Rental estimate
Property description
Triplex just two blocks from Hole Avenue. Short distance from original Five Points intersection of La Sierra and Pierce. Check with City of Riverside for an update on recent development projects. Property is also zoned CG Commercial General, allowing for varied commercial usage in the future as the economy grows. Property falls within the La Sierra/Arlanza Project Area. Contact Development or Listing Agents for additional information. Present income may be lower than market rents, but is offset by consistently on-time payments by longstanding tenants. See financial attachment in "Supplemnets" for market rent analysis. 3 units at 10980 Wells Ave also for sale. See MLS# I12063484.
Listed by
Listing Agent - BRENDA ATKINSON
Listing Office - PRUDENTIAL CALIF REALTY/RIV
Source: CRMLS mls logo
MLS#I12063503 • last updated 11 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
Status Closed
Lot Size (Acres) 0.13
Lot Size (SqFt) 5663
Year Built 1963
Exterior
Building Area 1978
# Parking Spaces 4
Location
County Riverside
APN 146252001
Multifamily Details
Operating Expense 6250
Cap Rate 6.73
Expense: Insurance 1000
Expense: Maintenance 450
Expense: Water/ Sewer 1200
Gross Income 1500
Gross Scheduled Income 18000
$630K
Range: $576K-$685K
Last 30 days 
Rental est.: $1,861/month
Gross rent multiplier: 12.9
  • Jan 2015
    mls logo MLS # I12063503
  • Jan 22, 2015 Sold
    $288,000 (-4.0%)
  • May 17, 2012 Listed
    $300,000
  • Year Property taxes Tax assessment
  • 2024
    $4,302 +1.5%
    $354,638 +2.0%
  • 2023
    $4,237 +6.4%
    $347,685 +4.04%
  • 2022
    $3,983 +1.6%
    $334,185 +2.0%
  • 2021
    $3,922 +1.6%
    $327,633 +1.04%
  • 2020
    $3,860 +1.3%
    $324,275
  • 2019
    $3,810 +1.4%
    $324,275 +2.0%
  • 2018
    $3,758 +1.9%
    $317,918 +2.0%
  • 2017
    $3,689 +1.7%
    $311,685 +4.04%
  • 2016
    $3,629 +1.5%
    $299,583
  • 2015
    $3,576
    —
  • 10880 Wells Ave
    $288K
  • La Sierra
    $650K +1% y/y
  • 92505
    $650K +1% y/y
  • Riverside
    $682K +2% y/y
No chart available
Statistics calculated by Movoto

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5/10
Myra Linn Elementary School
public Grades K-5
Alvord Unified School District
5/10
Arizona Middle School
public Grades 6-8
Alvord Unified School District
6/10
La Sierra High School
public Grades 9-12
Alvord Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. 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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