3881 5th Street

    Riverside, CA 92501
    • $999,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: AR20058494
    $999,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,340
      SQFT
    • $230
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Absolutely beautiful Multi-Unit investment property. Situated in the Mile Square Northwest Historical District. Located in a highly desirable location. Location within walking distance of numerous Jobs, Government buildings, the Famous Mission Inn, Fox Theater, Convention Center, some of the best restaurants in town. This property is definitely an investors dream. With 6 units currently occupied by very solid renters. Each unit newly remodeled and very well maintained. Seeing this property is a must.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T00:27:54.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.

    www.bestsocalhomesearch.com/homes/104252152

    3881 5th Street Riverside, CA 92501

    • Price: $999,000
    • Status: Active
    • ID#: AR20058494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,340
    SQFT
    $230
    $/SQFT
    1930
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    Absolutely beautiful Multi-Unit investment property. Situated in the Mile Square Northwest Historical District. Located in a highly desirable location. Location within walking distance of numerous Jobs, Government buildings, the Famous Mission Inn, Fox Theater, Convention Center, some of the best restaurants in town. This property is definitely an investors dream. With 6 units currently occupied by very solid renters. Each unit newly remodeled and very well maintained. Seeing this property is a must.
    Exterior Features

    Entry Level 1 Entry Location Ground Level Garage Spaces 4.00 Lot Features Front YardLandscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Faces Rear Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.80 Community Features Storm DrainsStreet Lights Country Us Electric Expense 199.00 Elevation Units Feet Fuel Expense 68.00 Garage Income 3000.00 Garage Rental Rate 63.00 Gross Income 4800.00 Gross Scheduled Income 86100.00 Insurance Expense 1944.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1800.00 Laundry YN Yes Net Operating Income 68364.00 New Construction YN No New Taxes Expense 11500.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Number With Range 6 Operating Expense 17736.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Security Expense 300.00 Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 6925.00 Total Expenses 17736.00 Trash Expense 2525.00 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 1200.00 Water Source Public Year Built Source Estimated

    Listing provided courtesy of Tina Lai of Re/Max Connect


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T00:27:54.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.

     
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