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Sold on 08/27/2019
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9030 Colony Pl, Riverside, CA 92503

$1,393,000

Last sold 08/27/2019 for $825K

  • —

    bed

  • —

    bath

  • 4,080

    Sqft ($202/Sqft)

Multi-family not for sale

About 9030 Colony Pl

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 8,320 Sqft
Movoto estimate
Rental estimate
Property description
9030 Colony Place is located in a quiet cul-de-sac 2 miles north of the 91 Freeway, near the intersection of Arlington Avenue and Van Buren Boulevard. California Baptist University, Parkview Community Hospital and the Riverside Municipal Airport are less than 2 miles from the property. Galleria at Tyler, UC Riverside, Downtown Riverside, and Loma Linda University & Hospital are easily accessible using the 60, 91, and I-215 freeways. The Colony Place Apartments is a rare, non-rent-controlled, 4-unit property. Built in 1978, the apartments are situated on a ±8,320 square foot lot with a total building size of ±4,080 square feet. The property offers an excellent unit mix of two-bedroom/one-and-half-bathroom and three-bedroom/two-bathroom townhome-style units averaging 1,020 square feet. The property features 7 assigned parking spots, mature landscaping, and new exterior paint. All units feature central air conditioning and heat, oven/stoves and private balconies and/or back patios. Select units include new carpet.
Listed by
Listing Agent - ERIC CHEN
Listing Office - CB RICHARD ELLIS
Source: CRMLS mls logo
MLS#CV19124463 • last updated 7 years ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style Two
Status Closed
Lot Size (Acres) 0.191
Lot Size (SqFt) 8320
Property Tax 9558
Year Built 1978
Interior
Laundry Community
Exterior
Building Area Square Feet, 4080
Parking Assigned
# Uncovered Spaces 7
# Parking Spaces 7
Lot Description Corner Lot, Cul-De-Sac
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Curbs, Sidewalks, Street Lights
Zoning R3
Directions Colony Place Apartments Are Located North Of The 91 Freeway, Near The Intersection Of Arlington Avenue And Van Buren Boulevard
APN 191073088
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 1759
Expense: Trash 1661
Gross Spendable Income 17632
Laundry Income 432
Operating Expense 19709
Cap Rate 4.42
Expense: Insurance 1200
Total Expenses 19709
Expense: Maintenance 2844
Expense: Water/ Sewer 1326.5
Gross Income 58632
Gross Operating Income 56873
Expense: Electric 1326.5
Gross Multiplier 14.43
Gross Scheduled Income 58200
Expense: Fuel 273
Expense: Gardener 720
$1.39M
Range: $1.23M-$1.54M
Last 30 days 
Rental est.: $1,672/month
Gross rent multiplier: 41.1
  • Aug 2019
    mls logo MLS # CV19124463
  • Aug 28, 2019 Sold
    $825,000
  • Aug 27, 2019 Sold
    $825,000 (-1.8%)
  • Jun 28, 2019 Pending
    —
  • May 28, 2019 Listed
    $840,000
  • May 28, 2019 Listed
    $840,000 (+212.8%)
  • Aug 2019
    Public Records
  • Aug 27, 2019 Sold
    $825,000
  • Jul 2002
    Public Records
  • Jul 5, 2002 Sold
    $268,500
  • Year Property taxes Tax assessment
  • 2024
    $9,853 +0.4%
    $903,253 +2.0%
  • 2023
    $9,810 +1.9%
    $885,563 +2.0%
  • 2022
    $9,630 +1.5%
    $868,220 +4.16%
  • 2021
    $9,487 +0.8%
    $833,547 +1.04%
  • 2020
    $9,416
    $825,000
  • 9030 Colony Pl
    $825K
  • Ramona
    $600K 0% y/y
  • 92503
    $665K +2% 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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