3717 Roosevelt Street Riverside, CA $ 950,000
3717 Roosevelt Street
$ 950,000
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3717 Roosevelt Street

Riverside, CA, 92503
$ 950,000
Bedrooms8 Baths1.0 Sq 2,764

Monthly Estimate*

$ 6,636

Listed by CB RICHARD ELLIS
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Multi-Family Home for sale in Riverside, CA

for $950,000 with 8 bedrooms and 1 full bath. This 2,764 square foot home was built in 1966 on a lot size of 0.21.

Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W. 17th Street, San Bernardino and 27205 Main Street, Highland. We are proud to present an exceptional opportunity to acquire a well-maintained 3+1 unit property located at 3717 Roosevelt Street in Riverside. This ±2,764 SF building sits on a generous ±9,148 SF lot and is conveniently located near the intersection of Magnolia Avenue and Van Buren Boulevard. The property boasts a convenient location within walking distance of the Arlington Library and is within a close proximity to popular destinations like the Tyler Galleria Mall, Cal Baptist University and La Sierra University with easy access to the 91 Freeway, La Sierra Metrolink train station, Downtown Riverside, and a variety of shopping centers, restaurants, and retailers, all just a short distance away. Showcasing mature and lush landscaping, 3717 Roosevelt resides on a palm tree-lined street. The property features surface vehicle parking and ample street parking. Some units have been updated and feature kitchens with appliances, tile flooring throughout, wall air conditioning and heating, security screen doors, ceiling fans and private patios, porches and front and back yards. Neighboring cities include Corona, Norco, Woodcrest, Pedley, Jurupa Valley, Eastvale, Colton, San Bernardino and Moreno Valley. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3717 Roosevelt Street is an admirable Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

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Multi-Family Active

Price

$ 950,000

Bedrooms

8

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.21

Year Built

1966

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

CV24055922

Days on Market

53

Features
General
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Zoning R3
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1966
Stories 1
Levels One Two
Property SubType Apartment
Gross Income 74880.0
Community Features Curbs Sidewalks
County Riverside
Net Operating Income 50172.0
Operating Expense 20964.0
Insurance Expense 1444.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Merge onto CA-91 E Exit Van Buren Blvd Turn Left onto Indiana Ave Turn Left onto Primrose Drive Turn Right onto Roosevelt Street
City Riverside
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 6.0
Total Units 4
MLS Area 252 - Riverside
Lot Size Square Feet 9148.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Roosevelt
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 720.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 47
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Total Actual Rent 74880.0
Property Sub Type Additional Apartment
Taxes 10757.0
Cap Rate 5.28
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Exterior
Lot Features Item25UnitsAcre Landscaped
Water Source Public
Total Parking 6.0
Lot Size Area 9148.0
Number of Buildings 2
Spa N
Building Area Total 2764.0
Lot Size Acres 0.21
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 3717
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* Excluded Features
List By
Cb Richard Ellis

Broker

(909) 418-2071

Phone

Affordability Calculator

$6,636
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,636
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2024$950,000 Listed Price

Map


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3717 Roosevelt Street, Riverside, CA, 92503 is a Multi-Family Home for sale at $950,000 with 2,764 sqft and a lot size of 0.21. 3717 Roosevelt Street has 8 bedrooms, 1.0 baths, and was built in 1966. The property's zip code is 92503 which is in Riverside, CA