$408,000
●
Condo -
Off Market
1040 Central Ave. #4
Riverside, CA 92507
2 Beds
2 Baths
1,332 Ft²
$2,423
Est. Monthly
$365
HOA / Fees
7.80%
Cap Rate
About This Property
First time on the market in 6 years and in a fantastic location!
Rarely are units in this complex for sale. Open beam
ceilings, laminate flooring and lots of natural light.
There's even a private patio to enjoy the outdoors.
Freeways are a few minutes away and you can walk to the local
stores and strip malls. Spacious living room and spacious
bedrooms.
Unit Size
1,332 Ft²
Days on Market
56 days
Land Size
-
Price per sqft
$315
Property Type
Condo
Property Taxes
-
HOA Dues
$365
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (SDMLS #250028128SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Listed by David S. Zecha, Broker | $419,000 | |
| Listed by David S. Zecha, Broker | |||
| Jun 12, 2019 | Sold | ||
| Sold | |||
| May 17, 2019 | Listed by WESTCOE REALTORS INC | $275,000 | |
| Listed by WESTCOE REALTORS INC | |||
| | |||
|
Sharp Las Mesas Condo located across from Canyon Crest Town Centre. Recently refurbished with new paint, carpet & flooring. Spacious living & dining rooms. Kitchen features granite counters, tile floors, nice cabinetry. Large bedrooms upstairs with master having a spacious walk in closet. You'll love the location, close to Town Centre, Canyon Crest Country Club, UCR and Sycamore Canyon Park.
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Assigned, Other
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Built-In Range, Dishwasher, Disposal
Flooring Type: Carpet, Laminate, Tile
Laundry Features: Common Area, None
Exterior Details
Has Property Attached
Square Footage: 1332
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1970
Levels: Two
Construction Materials: Stucco
Pool Features: Community
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Amenities: Trash
HOA Fee: $365
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/12/2026
|
2 Bed
|
1 Bath
|
1368 ft²
|
$450,000
2 Bed
1 Bath
1368 ft²
|
$430,000
-4.44%
07/21/2026
|
DONGYAN ZHENG
A-Z REALTY & INVESTMENT CORP
| |
|
01/28/2026
|
2 Bed
|
1 Bath
|
1368 ft²
|
$449,999
2 Bed
1 Bath
1368 ft²
|
$440,000
-2.22%
03/20/2026
|
TAMI FLEMING
WESTCOE REALTORS INC
| |
|
06/06/2025
|
1 Bed
|
1 Bath
|
861 ft²
|
$329,900
1 Bed
1 Bath
861 ft²
|
$329,000
-0.27%
07/10/2025
|
Brent Lee
Windermere Tower Properties
| |
|
05/21/2025
|
2 Bed
|
2 Bath
|
1332 ft²
|
$419,000
2 Bed
2 Bath
1332 ft²
|
$408,000
-2.63%
07/15/2025
|
David Zecha
David S. Zecha, Broker
| |
|
07/26/2022
|
1 Bed
|
1 Bath
|
861 ft²
|
$319,000
1 Bed
1 Bath
861 ft²
|
-
-
|
Nicole Byers
Keller Williams Coastal Prop.
| |
|
04/19/2021
|
2 Bed
|
2 Bath
|
1368 ft²
|
$350,000
2 Bed
2 Bath
1368 ft²
|
-
-
|
-
| |
|
01/21/2020
|
1 Bed
|
1 Bath
|
861 ft²
|
$240,000
1 Bed
1 Bath
861 ft²
|
$235,000
-2.08%
08/26/2020
|
TINA JAN
Stellabode Realty
| |
|
05/17/2019
|
2 Bed
|
1 Bath
|
1332 ft²
|
$275,000
2 Bed
1 Bath
1332 ft²
|
$270,000
-1.82%
06/12/2019
|
WALLY DRAKE
eXp Realty of Greater Los Angeles
| |
|
02/23/2018
|
2 Bed
|
2 Bath
|
1368 ft²
|
$299,900
2 Bed
2 Bath
1368 ft²
|
$300,000
+0.03%
05/22/2018
|
Carole O'Neal
Century 21 Masters
| |
|
10/12/2017
|
1 Bed
|
1 Bath
|
861 ft²
|
$170,000
1 Bed
1 Bath
861 ft²
|
$160,000
-5.88%
11/21/2017
|
Curtis Rodriguez
Home Smart Evergreen Realty
| |
|
06/28/2017
|
2 Bed
|
1 Bath
|
1332 ft²
|
$235,000
2 Bed
1 Bath
1332 ft²
|
$250,000
+6.38%
08/02/2017
|
Natalie Wilson
Current Realtors
|
Building Info
About Canyon Crest
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Listed by: David Zecha, David S. Zecha, Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 250028128SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 250028128SD
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