Last Sold Price
8 beds8 baths3,800 sqft$300/sqft
1844 3rd St, Riverside, CA 92507

Description

Absolutely stunning opportunity to add 4 more units to your portfolio. In the heart of Riverside and conveniently located close to freeways. This 4 plex is in great shape and all units have long term tenants. Very well maintained with updated units and a large lot next door that has room for ADU. Seller is retiring and moving out of state. Priced to sell!Absolutely stunning opportunity to add 4 more units to your portfolio. In the heart of Riverside and conveniently located close to freeways. This 4 plex is in great shape and all units have long term tenants. Very well maintained with updated units and a large lot next door that has room for ADU. Seller is retiring and moving out of state. Priced to sell!
LISTING CLOSED: 02/02/2022 12:00 AM

  1. Listed by JORGE BORDA • DRE #01308511 • Brokerage DRE #02109201 • CORCORAN GLOBAL LIVING

Property Details for 1844 3rd Street

Status
MLS #
CV21247655
Days on Market
16
Pet Policy
-
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1981
Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Estimated
Living Area
3800
Assessor Parcel Number
2110510010000
Property Attached YN
true
Common Walls
1 Common Wall
New Construction
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Building Area Total
3800
Building Area Units
Square Feet
Stories Total
2
Pool
No
Association
No
Association Fee
$.00
Zoning
Estimated
Senior Community
No
Parcel Number
2110510010000
Area
Riverside (252)
Directions
From 215 going south exit chicagothen go west..

Location

Listing Courtesy of CORCORAN GLOBAL LIVING, JORGE BORDA, DRE #01308511

Sold By Ashwill Associates, William Hugron, DRE #00803524

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Building Information for 1844 3rd Street

Building/Complex1844 3rd StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1981Building Size-

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OriginPoint Mortgage or Rocket Mortgage1

$6,922 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,794

Property Taxes

$1,128

HOA Dues

$0

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Property Information for 1844 3rd Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $61,704
  • Gross Scheduled Income: $61,704
  • Gross Operating Income: $61,704
  • Net Operating Income: $47,358
  • Laundry Income: $2,000
  • Cap Rate: 7.1
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $14,345
  • Fuel Expense: $0
  • Electric Expense: $2,145
  • Insurance Expense: $1,200
  • Professional Management Expense: $0
  • Trash Expense: $1,540
  • Water Sewer Expense: $2,100
  • Total Expenses: $14,345
Tax / Assessment Info
  • Tax Tract Number: 30503
  • CFD/Mello-Roos Fee: $200
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Paved
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,169
  • Unit Type Total Rent: $14,028
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,169
  • Unit Type Total Rent: $14,028
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,142
  • Unit Type Total Rent: $13,704
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,487
  • Unit Type Total Rent: $17,844
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 1844 3rd Street

DateEvent & SourcePriceAppreciation
Feb 2, 2022

Price Change

CLAW #CV21247655MR

$1,100,000
Feb 2, 2022

Sold

CLAW #CV21247655MR

$1,140,000
Feb 2, 2022

Sold

SDMLS #CV21247655

$1,140,000
DateEvent & SourcePrice
02/02/2022

Price Change

CLAW #CV21247655MR

$1,100,000
02/02/2022

Sold

CLAW #CV21247655MR

$1,140,000
02/02/2022

Sold

SDMLS #CV21247655

$1,140,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1844 3rd Street

Taxable ValueLand$324,729Additions$909,242Total$1,233,971
Tax Record2025$13,531 ($1,128 / month)
Home Facts
Total Finished SqFt3,616 SqFtAbove Grade Finished SqFt3,616 SqFtStories2Lot Size15,682 SqFtStyleQuadraplexYear Built1982Year Renovated1982ZoningR3CountyRIVERSIDEAPN211-051-001

Schools near 1844 3rd Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
William Howard Taft Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

REACH Leadership STEAM Academy
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1844 3rd Street, Riverside, CA 92507
$1,140,000
8
8
3,800
15,700
4
1.75
1,150
7,405
$110,000
3
1.75
1,005
6,098
$140,000
3
1.75
1,005
6,970
$194,500
3
1,031
6,534
4
1.75
1,150
6,970

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CORCORAN GLOBAL LIVING, JORGE BORDA, DRE #01308511

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.