Movoto Real Estate
Sold on 01/31/2012
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7499 Potomac St, Riverside, CA 92504

$594,900

Last sold 01/31/2012 for $350K

  • —

    bed

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    bath

Multi-family not for sale

About 7499 Potomac St

Property type Multi-family
Neighborhood
Year built 1952
HOA fee $0/month
Lot size 7,841 Sqft
Movoto estimate
Parking 3 garage spaces
Rental estimate
Property description
Seller willing to negotiate. Well maintained Tri-Plex, close to all schools K-12. All units were recently remodeled with new tile, stoves, sinks and new carpet. 3 individual & secure garages with one for each unit, along with additional parking spaces accessible through driveway. Lot size 7,841. Unit A- 2 bedroom/2bath (1100sf) with annual scheduled rent of $13,800 Unit B- 2 bedroom/1bath ( 830sf) with annual scheduled rent of $11,520 Unit C- 2 bedroom/1bath ( 830sf) with annual scheduled rent of $12,000 GSI: $37,320/yr--with property taxes, $2,600/yr; gardner, $1,680/yr; water & Trash $1200/yr; Insurance $2,000/yr. Vacancy reserves: 5% vacancy, 5% maintenance, Cap rate 7%, GRM: 10.45. Sellers choice of services. Buyers to satisfy themselves as to all aspects of this property. Sellers are motivated due to recent divorce. Make Offer-All reasonable offers will be reviewed. Call Agent with any questions DRIVE BY ONLY--DO NOT DISTURB TENANTS.
Listed by
Listing Agent - MIKE SCOTT
Listing Office - HELP-U-SELL INDEPENDENCE RLTY
Source: CRMLS mls logo
MLS#I11032990 • last updated 14 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Type Residential Income
Status Closed
Lot Size (Acres) 0.18
Lot Size (SqFt) 7841
Year Built 1952
Exterior
Building Area 2640
Parking Assigned
# Parking Spaces 7
# Garage Spaces 3
Location
County Riverside
APN 230121016
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 600
Operating Expense 7480
Expense: Insurance 2000
Expense: Water/ Sewer 600
Gross Scheduled Income 37320
Expense: Gardener 1680
$594K
Range: $543K-$646K
Last 30 days 
Rental est.: $1,642/month
Gross rent multiplier: 17.8
  • Feb 2012
    mls logo MLS # I11032990
  • Feb 1, 2012 Sold
    $350,000 (-20.5%)
  • Mar 15, 2011 Listed
    $440,000
  • Year Property taxes Tax assessment
  • 2024
    $4,833 +0.4%
    $439,603 +2.0%
  • 2023
    $4,812 +1.9%
    $430,984 +4.04%
  • 2022
    $4,724 +1.3%
    $414,250 +2.0%
  • 2021
    $4,664 +0.7%
    $406,128
  • 2020
    $4,629 +1.9%
    $406,128 +1.04%
  • 2019
    $4,544 +2.0%
    $401,965 +2.0%
  • 2018
    $4,456 +1.8%
    $394,085 +2.0%
  • 2017
    $4,378 +6.8%
    $386,359 +4.04%
  • 2016
    $4,100 +1.4%
    $371,358
  • 2015
    $4,043
    —
  • 7499 Potomac St
    $350K
  • Magnolia Center
    $550K -4% y/y
  • 92504
    $647K +1% y/y
  • Riverside
    $682K +2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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