$950,000 Price Analysis    ♡   Riverside, CA 92503 8 bed 4 bath 2,764 SqFt ($343/SqFt) 9,148SqFt lot. Built 1966 Listed 2024-03-30, Taxes $4,859 | Ⓧ USDA Ineligible due to price & location near Riverside |
Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W.
17th Street, San Bernardino and 27205 Main Street, Highland. We are proud to present an exceptional opportunity to acquire a well-maintained 3+1 unit property located at 3717 Roosevelt Street in Riverside. This 2, 764 SF building sits on a generous 9, 148 SF lot and is conveniently located near the intersection of Magnolia Avenue and Van Buren Boulevard. The property boasts a convenient location within walking distance of the Arlington Library and is within a close proximity to popular destinations like the Tyler Galleria Mall, Cal Baptist University and La Sierra University with easy access to the 91 Freeway, La Sierra Metrolink train station, Downtown Riverside and a variety of shopping centers, resturants and retailers, all a short distance away.
Showcasing mature and lush landscaping, 3717 Roosevelt resides on a palm tree-lined street. The property features surface vehicle parking and ample street parking. Some units have been updated and feature kitchens with appliances, tile flooring throughout, wall air conditioning and heating, security screen doors, ceiling fans and private patios, porches and front and back yards. Neighboring cities include Corona, Norco, Woodcrest, Pedley, Jurupa Valley, Eastvale, Colton, San Bernardino and Moreno Valley. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, California Baptist University (CBU), Fox Performing Arts Center and the March Field Air Museum, to name a few. 3717 Roosevelt Street is an admirable Inland Empire income-producing property and a exceptional long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor or those seeking a 1031 exchange opportunity.
Presented by Eric Chen at
Cb Richard Ellis.
Property MLS #CV24055922 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Lot Size Acres: 0.2100092
Lot Size Source: Assessor
Lot Size Square Feet: 9148
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1
Gardener Expense: 840.00
Maintenance Expense: 2845.00
Vacancy Allowance: 3744
Rent Control: Yes
County: Riverside
Cap Rate: 5.28
Other Expense: 800.00
Source Property Type: Residential Income
Insurance Expense: 1444.00
Area: 252 - Riverside
Source Neighborhood: 252 - Riverside
New Taxes Expense: 10757.00
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 234112013
Postal Code Plus 4: 4240
Professional Management Expense: 3557.00
Zoning: R3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $256,567 + $167,326 $423,893 | $4,859 |
| 2021 | $251,537 + $164,046 $415,583 | $4,797 |
| 2020 | $248,958 + $162,364 $411,322 | $4,761 |
| 2019 | $244,077 + $159,181 $403,258 | $4,673 |
| 2018 | $239,292 + $156,060 $395,352 | $4,584 |
| 2017 | $234,600 + $153,000 $387,600 | $4,509 |
| 2016 | $230,000 + $150,000 $380,000 | $4,224 |
| 2015 | $272,343 + $72,298 $344,641 | $3,848 |
| 2014 | $267,009 + $70,883 $337,892 | $3,813 |
| 2013 | $265,803 + $70,563 $336,366 | $3,791 |
| 2012 | $260,592 + $69,180 $329,772 | $3,706 |
| 2010 | $255,483 + $67,824 $323,307 | $3,614 |
| 2009 | $254,178 + $67,479 $321,657 | $3,606 |
| 2009 | $253,575 + $67,318 $320,893 | $3,606 |
| 2008 | $249,195 + $66,156 $315,351 | $3,505 |
| 2007 | $244,309 + $64,859 $309,168 | $3,417 |
$950,000
CRMLS
Sold 2015-10-30
$380,000
CRMLS
Listed 2015-08-10
$374,900
CRMLS
Sold 2003-02-26
$286,000
Public Record
Sold 1993-06-17
$163,000
Public Record
Year Built: 1966
Building Features: 2
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 58
Levels or Stories: One, Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.