Sold
Closed
4152 Locust Street
Riverside CA, 92501
$770,000
$366.14 per sqft
Sold
Closed
3 Beds
3 Baths
2,103 sqft
Multi-family
Built in 1924
Listed by Benjamin Rubalcava with Re/Max Partners 714-673-5181
This unique property presents an incredible opportunity with three homes on one lot, each featuring its own garage, private laundry hookups, backyard, parking space, and separate gas and electric meters, making utility payments straightforward for all residents. This versatile property is perfect for multigenerational living, allowing families to stay close while enjoying their independence--ideal for parents, adult children, and grandparents to live together yet separately, potentially saving on childcare and elder care expenses.Additionally, this property offers excellent income-generating potential: live in one home and rent out the other two to create a steady income stream and help offset your mortgage. All three homes can be rented out individually, ensuring that each tenant has control over their own utilities. For investors, this property is also perfect as a vacation rental, attracting large groups and families seeking private yet connected accommodations. Its prime location near four colleges, downtown Riverside, and within an hour's drive of Disneyland, Knott's Berry Farm, and multiple beaches makes it highly desirable for short-term stays. Moreover, the layout allows for a home office, creative studio, or workspace while still providing rental income from the other homes. With endless possibilities, this property is also suited for a group home, assisted living facility, or corporate housing, offering executives comfortable and private living arrangements. With such a wide range of options, this property caters to buyers looking for privacy, flexibility, and income potential. Don't miss out on this amazing opportunity--book an appointment today to see how this unique property can enhance both your lifestyle and investment portfolio! Great Investment & possible value ad, with plenty of room to add an accessory dwelling unit.
IG24203293
MLSⓇ ID
October 1, 2024
Listed
December 11, 2024
Updated
Map
4152 Locust Street
Riverside CA, 92501
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
3
Laundry Description
Gas Dryer Hookup
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Back Yard, Front Yard
Sewer
Public Sewer
School Information
School District
Riverside Unified
High School
Polytechnic
Elementary School
Bryant
Other Property Details
Area Name
252 - Riverside
Days on Market
17
Garage
Yes
Garage Spaces
3
Parking Total
3
View
Yes
View Description
Neighborhood
County
Riverside
Water Source
Public
Pool
No
Pool Features
None
Zoning
R1065
Listing History
Date | Event | Price |
---|---|---|
11/22/2024 | Sold | $770,000 |
10/23/2024 | Pending | — |
Listing Contact: 951-278-8755
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/11/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/11/2024 at 8:51 PM UTC