3717 Roosevelt ST Riverside, CA 92503
Sale
$950,000
4 Units
2 Beds
1 Baths
2,764 Area(sq.ft.)
9,148 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 2 | 1 | No | $ 1,560 | $ 74,880 | $ 1,950 |
| 1 | 4 | 8 | 4 | $ 6,240 | $ 299,520 | $ 7,800 |
| MLS #: | CV24055922MR |
| Days On Market: | 0 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 344 |
| Price per unit: | $ 237,500 |
| Year Built: | 1966 |
Property Details
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, restaurants, and retailers, all just 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 great 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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 71,136 |
| Total Annual Expense: | $ 20,964 |
| Net Operating Income: | $ 50,172 |
| Cap Rate: | 5.28% |
| Gross Rent Multiplier: | 12.69 |
| Actual Gross Rent: | $ 74,880 |
Structure
| Community Features: | Curbs, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | R3 |
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Heating: | Wall |
| Laundry: | Gas Dryer Hookup, Washer Hookup |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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