Active

4152 Locust Street

Riverside CA, 92501

$825,000


$392.30 per sqft

Active

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

October 4, 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

2


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 Contact: 951-278-8755 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/4/2024 at 12:45 PM UTC

 

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