3848 LOCUST, Riverside, CA 92501
Riverside County
Key Facts
Description
EXCEPTIONAL INVESTMENT OPPORTUNITY IN DOWNTOWN RIVERSIDE'S HISTORICAL DISTRICT! Located just moments from iconic MISSION INN HOTEL & SPA, this well situated 6-UNIT property offers charm, conveniance, and strong rental appeal in one of Riverside'most desirable areas. The Unit Mix includes:TWO 2-BEDROOM/1-BATH UNITS & FOUR STUDIO UNITS Situated in the heart of Downtown Riveside Tenants enjoy close proximity to shopping, dining, entertainments, and appriciate easy access to the 91, 60 and 15 Freeways. Whether you are looking to expand your portfolio or secure a prime Multi-Unit property in a historic and high-demand location, this is an Outstanding Opportunity.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Stories
1
Living Area
7,100 sq ft
Lot Size
0.21 acres
Days on Market
42
MLS® Listing#
SW26039350
Property Features
Laundry
Financial Details
Annual Taxes
$3,309
Parcel Number
214292018
Directions
off the 91 fwy east, turn left and follow to Locust on cul-de-sac
Affordability Calculator
$198,000
Estimated monthly payment
$5,269/mo
Principal $792,000 · Est. interest $1,104,910 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Riverside, CA
- $756,021
- Median Listing Price
- 45
- Median Days on Market
- 2,154
- Median Sq Ft
- $372
- Median Price / Sq Ft
- 540
- Active Listings
- This home’s price is 31% above the area median.
- Its price per sq ft is 63% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Riverside, CA.
Location
Points of Interest in Riverside, CA
Showing the Riverside area map.
Nearby Schools
Riverside County Juvenile Court
Secondary · 0.4 mi away
CBK Charter
Secondary · 0.4 mi away
Grant Elementary School
Elementary · 0.4 mi away
Bryant Elementary School
Elementary · 0.4 mi away
River Springs Charter School
School · 0.6 mi away
Eden Lutheran School
School · 0.7 mi away
St Francis de Sales School
School · 0.7 mi away
Riverside Unified School District
Secondary · 0.8 mi away
Central Middle
Secondary · 0.9 mi away
RCC Auto Club
School · 0.9 mi away
Lincoln High School
Secondary · 1.2 mi away
Longfellow Elementary
Elementary · 1.3 mi away
Patricia Beatty Elementary
Elementary · 1.3 mi away
The Fab School
School · 1.4 mi away
Fremont Elementary School
Elementary · 1.4 mi away
Kids Time Montessori
Elementary · 1.6 mi away
Magnolia Elementary School
Elementary · 1.6 mi away
Champions at Magnolia Elementary
Elementary · 1.6 mi away
Ina Arbuckle Elementary School
Elementary · 1.7 mi away
First Christian Church Nursery School
School · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 19404 Arenal Way, Riverside, CA | $694,990 | 4 | 3 | 2,218 |
| 3625 Ross Street, Riverside, CA | $695,000 | 4 | 2 | 1,187 |
| 7675 Orangebrook, Riverside, CA | $695,000 | 4 | 2 | 2,106 |
| 20130 Curaco Court, Riverside, CA | $695,000 | 5 | 4 | 2,378 |
| 10281 Trickle, Riverside, CA | $695,000 | 4 | 3 | 1,960 |
| 7198 Bliss Street, Riverside, CA | $697,990 | 4 | 4 | 2,244 |
Moving Cost Estimate
EXIT Agents in Riverside
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Licensed in the state of California.