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Sold on 06/07/2021
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8150 Cypress Ave, Riverside, CA 92503

$1,391,535

Last sold 06/07/2021 for $900K

  • —

    bed

  • —

    bath

  • 4,600

    Sqft ($196/Sqft)

Multi-family not for sale
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About 8150 Cypress Ave

Property type Multi-family
Neighborhood
Year built 1945
HOA fee $0/month
Lot size 0.41 Acre
Movoto estimate
Rental estimate
Property description
A group of 5 tw0 bedroom one bath apartments. Great potential! Rents are low, but neighboring 2 befrooms apartments are renting over $1300 a month. Sale includes a second parcel. The second parcel is adjacent and. 21 a. In size. All units are rented.
Listed by
Listing Agent - DOROTHY PATAKY
Listing Office - RE/MAX HORIZON
Source: CRMLS mls logo
MLS#IV21077522 • last updated 5 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style One
Status Closed
Lot Size (Acres) 0.41
Lot Size (SqFt) 17859.6
Year Built 1945
Interior
Other Room(s) All Bedrooms Down
Appliances Free-Standing Range
Exterior
Building Area Square Feet, 4600
# Carport Spaces 5
# Parking Spaces 5
Lot Description Back Yard, Front Yard, Flag Lot
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Suburban
Directions West On Arlington Ave. South On Van Buren, Right On Cypress Ave.
APN 151161002
Multifamily Details
Expense: Trash 1749
Operating Expense 8704
Cap Rate 5
Expense: Insurance 2254
Total Expenses 8704
Expense: Water/ Sewer 1775
Gross Income 45296
Gross Scheduled Income 54000
$1.39M
Range: $1.25M-$1.53M
Last 30 days 
Rental est.: $1,672/month
Gross rent multiplier: 44.9
  • Jun 2021
    Public Records
  • Jun 7, 2021 Sold
    $900,000
  • Jun 2021
    mls logo MLS # IV21077522
  • Jun 7, 2021 Sold
    $900,000 (+0.1%)
  • Apr 28, 2021 Pending
    —
  • Apr 26, 2021 Listed
    $899,000
  • Year Property taxes Tax assessment
  • 2024
    $1,105 +1.6%
    $92,006 +4.04%
  • 2023
    $1,088 +6.4%
    $88,434
  • 2022
    $1,022 +704.3%
    $88,434 +776.19%
  • 2021
    $127 +1.5%
    $10,093
  • 2020
    $125 +1.2%
    $10,093 +1.03%
  • 2019
    $124 +1.3%
    $9,990 +1.99%
  • 2018
    $122 +1.8%
    $9,795 +2.0%
  • 2017
    $120 +1.6%
    $9,603 +4.03%
  • 2016
    $118 +1.3%
    $9,231
  • 2015
    $117
    —
  • 8150 Cypress Ave
    $900K
  • Arlanza
    $572K -2% y/y
  • 92503
    $665K +2% y/y
  • Riverside
    $682K +2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Arlanza Elementary School
public Grades K-5
Alvord Unified School District
2/10
Wells Middle School
public Grades 6-8
Alvord Unified School District
5/10
Norte Vista 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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