A Fantastic Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO) due to grandfathered clause as a SRO dwelling and has a newer roof less than 5 years old.GREAT MONEY MAKER. This property offers front house, a 2nd structure for storage and a 3rd larger rear unit that houses 9 studio Dorm style bedrooms. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house has kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or game room. Other bldg has 9 bunk/dorm style bedrooms. All 9 rooms have a closet space. Dorm #9 is much larger at rear with separate entry. These bunk studios share a bathroom and separate shower room with laundry sink. All units are cable/phone ready. Current owner had all bunk units rented at $495 each and vacated them to clean up and paint for sale. Currently owner pays for all utilities except for the main house. New Security Camera system in place. Plenty of parking

  • MLS# CV18184912
  • Sub-Type Resale
  • Status Active
  • Year 1915
  • Days On Site 12
SQ Feet 3,600
Units 11
Building(s) 1
Listing Provided By:
FERNANDO REZA  of  KELLER WILLIAMS COVINA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Entry to Rear Larger Dorm/Bunker at rear of 3rd Bldg
Larger Dorm/Bunker Unit at rear with Separate Entry
 
 
Backyard at Rear of Property
 
New Construction 1 block away
Beautiful Park next to Metro Link Station
Walking Distance to Downtown Restaurants
Walking Distance to Resaurants
 
 
 
2nd Bldg that can be used for Storage, as an Office or a Game Room
 
 
 
 
 
 
3rd Bldg that houses 9 Dorm/Bunker Style bedrooms; Side View, newer dual pane windows and newer roof
 
 
 
this listing $619,000
74.44%
$354,850 in 92507
this listing 3,600 SqFt
161.25%
1,378 SqFt in 92507
this listing $172 $/SqFt
34.52%
$263 $/SqFt in 92507
this listing 12 on site
9.09%
11 on site in 92507

Location

State CA
County Riverside
City Riverside
Zip Code 92507
Area 252 - Riverside

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