$1299000 Price Analysis    ♡   Riverside, CA 92506 7 bed 6 bath 3090 SqFt ($420/SqFt) 0.27 acre lot. Built 1951 Listed 2024-06-08, Taxes $5058 | Ⓧ USDA Ineligible due to price & location near Riverside |
INCREDIBLE 3 UNIT PROPERTY !
* Sale Pending *If you are looking for a pleasing investment property, then this one is for you. This is a once in a lifetime opportunity to buy 3 units. Close escrow and rent them out mmediately, no work to be done. Most investment properties on the market are old and are in need of work. It's difficult to find an income property that is as nice as this one, no one is building them anymore. Live in the main house and rent out the back 2 units to pay the mortgage. Or Airbnb one, two or all three. There are no recorded covenants or restrictions from the city on this property. This property is located on a expansive corner lot in the WOODS STREET AREA, with attractive trees and manicured lawns. The main house consists of 3 bedrooms and 2 bathrooms, big with a remolded kitchen, remolded bathrooms, new interior paint, new water heater, new luxury vinyl waterproof flooring throughout, beautiful fireplace, new recessed lighting in the kitchen, beautiful quartz counter tops, 42 white shaker cabinets, big picture window in the main living area, new exterior stucco, new roof, new exterior landscaping.
This home has a beautiful inviting cottage feel with white picket fence and expansive front, side and backyard. The 2 additional units in the back are approximately 800 sq ft each. Each has their own private entrance, privacy fences, parking and totally detached and separate from each other. Each unit has 2 bedrooms and two bathrooms. (Yes 2 bathrooms!), units are newly constructed and they are all electric, one unit has solar installed. They both have beautiful white shaker cabinets, quartz counter tops, black accent finishes throughout, luxury vinyl waterproof flooring, a/c and heating system, low energy consumption heat pump water heaters, new appliances, ceiling fans and separate room for washer/dryer hookups. These homes were built with 2x6 construction something not heard of in California, your tenants will appreciate having lower utility bills due to the extra thick insulated walls, insulated ceilings and roofs. You can't find these types of upgrades in any of the units that are being sold today. All units are separately metered. The owner pays water. Riverside is thriving, close to Downtown Riverside, UCR, Riverside Community Hospital, Riverside Community College, Riverside Shopping Plaza. This property is truly a rarity and a gem and will not last because it is simply One of a Kind !
Presented by Robin Richard at
Inland Cities Realty.
Property MLS #IV24114691 from CRMLS
Lot Size Square Feet: 11761
Source Property Type: Residential Income
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $357000 + $91800 $448800 | $5058 |
| 2021 | $350000 + $90000 $440000 | $4991 |
| 2020 | $316004 + $56774 $372778 | $4253 |
| 2019 | $306800 + $55120 $361920 | $4133 |
| 2018 | $295000 + $53000 $348000 | $3977 |
| 2017 | $281000 + $50000 $331000 | $3792 |
| 2016 | $258000 + $46000 $304000 | $3330 |
| 2015 | $244000 + $44000 $288000 | $3161 |
| 2014 | $227000 + $40000 $267000 | $2965 |
| 2013 | $191000 + $34000 $225000 | $2510 |
| 2012 | $160000 + $28000 $188000 | $2097 |
| 2010 | $167000 + $30000 $197000 | $1850 |
| 2009 | $171000 + $31000 $202000 | $2239 |
| 2009 | $140000 + $25000 $165000 | $2239 |
| 2008 | $297138 + $53060 $350198 | $3797 |
| 2007 | $291312 + $52020 $343332 | $3700 |
$1299000
CRMLS
Sold 2023-06-30
$620000
CRMLS
Listed 2023-06-15
$609000
CRMLS
Sold 2020-07-28
$440000
CRMLS
Listed 2020-06-30
$435000
CRMLS
Sold 2004-10-08
$330000
Public Record
Sold 2000-02-29
$156000
Public Record
Sold 1990-05-25
$125000
Public Record
Year Built: 1951
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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.