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    4040 4th Street

    Riverside, CA 92501
    • $719,000
    • STATUS: Closed
    • ON SITE: 299 days
    • ID#: EV19242275
    Sold - 02/24/2020
    $719,000
    SOLD - 02/24/2020
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,041
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    INCREDIBLE VALUE ADD OPPORTUNITY! LOCATED IN THE HEART OF DOWNTOWN RIVERSIDE AND IN THE WALK-ZONE! CURRENTLY 8 UNITS TOTAL - 6 UNITS IN THE MAIN HOUSE & 2 UNITS IN THE REAR. EACH WITH BATHROOM. PROPERTY IS COMPRISED OF 3 SEPARATE HOUSES ON ONE LOT. EACH HOUSE HAS ITS OWN ADDRESS, ELECTRICITY AND GAS METERS. COVERED LAUNDRY AREA. GARAGE IS BEING USED AS STORAGE. CLOSE TO AMENITIES, 5-MINUTE WALK TO DOWNTOWN RIVERSIDE, AND HIGH RENTAL DEMAND. 3 UNITS CURRENTLY VACANT DUE TO REMODELING. PROPERTY TO BE SOLD AS-IS.

    Sold by Kevin Watson of Re/Max Time Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-08T13:26:39.963. 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/99923826
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    4040 4th Street Riverside, CA 92501

    • Price: $739,900
    • Status: Closed
    • Updated: 60 min ago
    • ID#: EV19242275
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,041
    SQFT
    $0
    $/SQFT
    1917
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    INCREDIBLE VALUE ADD OPPORTUNITY! LOCATED IN THE HEART OF DOWNTOWN RIVERSIDE AND IN THE WALK-ZONE! CURRENTLY 8 UNITS TOTAL - 6 UNITS IN THE MAIN HOUSE & 2 UNITS IN THE REAR. EACH WITH BATHROOM. PROPERTY IS COMPRISED OF 3 SEPARATE HOUSES ON ONE LOT. EACH HOUSE HAS ITS OWN ADDRESS, ELECTRICITY AND GAS METERS. COVERED LAUNDRY AREA. GARAGE IS BEING USED AS STORAGE. CLOSE TO AMENITIES, 5-MINUTE WALK TO DOWNTOWN RIVERSIDE, AND HIGH RENTAL DEMAND. 3 UNITS CURRENTLY VACANT DUE TO REMODELING. PROPERTY TO BE SOLD AS-IS.
    Exterior Features

    Architectural Style Victorian Entry Location Front And Rear Fence YN Yes Fencing Chain Link Foundation Details Raised Garage Spaces 2.00 Lot Features 0-1 Unit/AcreLawnLevel With StreetLot 6500-9999Rectangular LotSprinkler SystemValue In LandWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Alley PavedMaintainedPaved Roof Shingle Spa Features None Spa YN No View Neighborhood View 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 No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes Interior Features Unfurnished Laundry Features Common AreaCommunityGas Dryer HookupIndividual Room Levels Two Room Type Multi-Level Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStorm DrainsStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 43200.00 Gross Scheduled Income 43200.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 33200.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 12000.00 Professional Management Expense 0.00 Property Condition Under Construction Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable Tv Total Actual Rent 43200.00 Total Expenses 12000.00 Trash Expense 0.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Year Built Source Estimated Zoning R3

    Listing provided courtesy of Charles Obichang of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-08T13:26:39.963. 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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