8876 Cypress ave, Riverside, CA 92503
Active
$800,000
3 Units
4 Beds
3 Baths
1,886 Area(sq.ft.)
Lot: 7,405 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,700 | $ 1,700 | $ 1,860 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,100 | $ 1,100 | $ 1,205 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,800 | $ 1,800 | $ 1,972 |
| 3 | 4 | 3 | $ 4,600 | $ 4,600 | $ 5,037 |
| MLS #: | IV25015768MR |
| Days On Market: | 318 |
| Listing Date: | January 22, 2025 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 424 |
| Price per unit: | $ 266,667 |
| Year Built: | 1957 |
Property Details
Step into a world of opportunity with this fantastic triplex in the vibrant heart of Riverside, CA! Imagine the charm of cozy units with functional living spaces, practical kitchens, and sunlit rooms all waiting for your personal touch. With convenient on-site parking and a delightful common outdoor area, this property is perfect for relaxation and entertaining. Located just moments from schools, parks, shopping, and dining, this triplex offers amazing rental income potential. It's the perfect starter home for first-time buyers live in one unit and watch your investment grow with income from the other two. Add a splash of TLC and a sprinkle of upgrades, and you ll turn this gem into a dazzling investment! Whether you're an eager investor or a savvy buyer looking for a multi-family gem, this triplex is your golden ticket. Don t let this opportunity slip away schedule a viewing today and make your investment dreams come true!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 10,840 |
| Net Operating Income: | $ 45,200 |
| Actual Gross Rent: | $ 55,200 |
Structure
| Community Features: | Valley |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | C2 |
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | None |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | Washer Hookup |
Exterior
| Pool: | No |
| Roof: | Common Roof |
Detailed Map
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Income
