1
Map
$395,000
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House -
Off Market
6854 Palomar Way
Riverside, CA 92504
2 Beds
1 Bath
1,585 Ft²
$586,238
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Charming home in the heart of Riverside that beams with pride of
ownership. Home features 2 bedrooms and 1 large bath, living
room with beautiful fireplace; dining room, large kitchen, indoor
laundry, family room that can be split into a bedroom and family
area, along with a 2 car garage. You will find beautiful new
plantation shutters and new dual-pane windows throughout along with
hardwood floors. You will also find the house has a new air
conditioner, new roof, and new doors. The home has a great
yard, both front and back, and you will see the pride of ownership
throughout. Please come and see, you will not be
disappointed!
Unit Size
1,585 Ft²
Days on Market
46 days
Land Size
0.18 acres
Price per sqft
$252
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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: 5 months ago (CRMLS #IV19195934)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2021 | No longer available | - | |
| No longer available | |||
| May 21, 2021 | In contract | - | |
| In contract | |||
| May 11, 2021 | Listed | $479,900 | |
| Listed | |||
| | |||
|
Stunningly turnkey is the perfect description of this gem! From the curb appeal to the white-glove-test interior, to the exquisite backyard! Gorgeous hardwood floors throughout, with a gas and wood-burning fireplace which is the focal point of the living room, central air/heat, updated kitchen with dishwasher and built-in microwave, indoor laundry, step-down family room with skylight, and spacious bedrooms. You'll be hard-pressed to find a home in such wonderful condition that has been lovingly maintained such as this. Walking distance to stores, and conveniently situated for commuters too. Offers will be presented on Monday. The manager has listed the unit size as 1585 square feet.
| |||
| Sep 30, 2019 | Sold | ||
| Sold | |||
| Aug 15, 2019 | Listed by WINDERMERE R.E. TOWER PROP. | $399,990 | |
| Listed by WINDERMERE R.E. TOWER PROP. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
Price/ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Magnolia Center
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Listed by: KATHLEEN HARTMAN, WINDERMERE R.E. TOWER PROP.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19195934
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19195934
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