2029 Patterson St

Riverside, CA 92507

$1,125,000
Last Sold Price
7
Beds
6
Baths
2,961 Sq. Ft.
$380 / Sq. Ft.
2,961
Sq. Ft.
$380
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 7/30/25
Closed 7/30/25
Image virtually edited with grass enhancement

Description

This property presents itself as an exceptional opportunity in Riverside’s thriving real estate market, offering a rare combination of immediate income and long-term growth potential. Whether you're an experienced investor or a savvy homebuyer looking to make a smart move, this multi-unit property has everything you need to succeed. With its prime location, strong rental history, and future expansion possibilities, it’s an opportunity you won’t want to miss. The property features three distinct units,...This property presents itself as an exceptional opportunity in Riverside’s thriving real estate market, offering a rare combination of immediate income and long-term growth potential. Whether you're an experienced investor or a savvy homebuyer looking to make a smart move, this multi-unit property has everything you need to succeed. With its prime location, strong rental history, and future expansion possibilities, it’s an opportunity you won’t want to miss. The property features three distinct units, each offering its own unique appeal. One standout is the brand-new, detached unit—a spacious 3-bedroom, 2.5-bathroom home with a 2-car garage, separate utilities, and separate address. This newly constructed 1,199 sqft home provides the perfect blend of comfort and independence, making it ideal for a homeowner or tenant. The other two units have been recently remodeled, with one offering a 3-bedroom, 2-bathroom layout and the other a 1-bedroom, 1-bathroom unit. Both are well-maintained and thoughtfully updated, featuring a 6 year old roof, PEX Plumbing, an updated Dual Electric Panel, and a Brand new Gas line. Both units offer a mix of spaciousness and charm. The two occupied units share utilities, providing efficiency while maintaining privacy for each tenant. Set on a generous 13,068 sqft lot , this property offers a wealth of potential for further growth and to potentially build more units. With a cap rate of 7.64% , the property already offers strong returns, but the possibility of increasing income through development makes it an even more exciting investment. Riverside’s location adds another layer of appeal. Just minutes from the 91 and 215 freeways, as well as the vibrant Downtown Riverside, this property offers easy access to major commuter routes, shopping, dining, and entertainment. With local institutions like Riverside City College, UC Riverside, and California Baptist University nearby, demand for rental properties in this area is only expected to increase, making this an even more enticing opportunity. Whether you’re looking for a home with income-generating potential or an investment property with substantial upside, this Riverside gem has it all. With a combination of prime location, solid cash flow, and exciting future prospects, this opportunity won’t last long. Make your move today and seize the chance to be a part of Riverside’s flourishing real estate market. Grass was added onto the images virtually to enhance the property images
  1. Listed by Gerardo Garcia Macias • DRE #02105347 • Brokerage DRE #02199906 • Pak Home Realty • 949-867-0007

Property Details for 2029 Patterson Street

View
None
Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2961
LISTING CLOSED: 07/30/2025 12:00 AM

Property Details for 2029 Patterson Street

StatusClosed
MLS #DW25074095
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.30 AC / 13,068 SF
CountyRiverside County
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Location

Listing Courtesy of Pak Home Realty, Gerardo Garcia Macias, DRE #02105347

Sold By Mogul Real Estate, Jamie Andrews, DRE #02092779

Add your commute

Building Information for 2029 Patterson Street

Stories2Residences-Year Built2024Building Size-Lot Size0.30 AC / 13,068 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$6,227 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,606

Property Taxes

$621

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2029 Patterson Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $101,040
  • Gross Scheduled Income: $101,040
  • Net Operating Income: $89,331
  • Financing: Conventional
Expense Details
  • Operating Expense: $11,709
  • Fuel Expense: $480
  • Electric Expense: $4,800
  • Insurance Expense: $2,400
  • Professional Management Expense: $960
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,869
  • Total Expenses: $11,709
Tax / Assessment Info
  • Tax Tract Number: 305.03
  • Tax Census Tract: 305.03
  • CFD/Mello-Roos Fee: $65
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Inside, Room
  • Interior Features: Open Floorplan, Pantry
  • Room Type: Attic, Basement, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet
  • Bedroom Features: WalkInCloset
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: front gate
  • Fence: Yes
  • Fencing: Brick
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Available, Sewer Connected, Water Connected
  • Electric: 220 Volts
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,970
  • Unit Type Total Rent: $2,970
  • Unit Type Pro Forma: 2970
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2029 Patterson Street

DateEvent & SourcePriceAppreciation
Jul 30, 2025

Sold

SDMLS #DW25074095

$1,125,000—
Jul 30, 2025

Sold

CLAW #DW25074095MR

$1,125,000—
Jul 30, 2025

Sold

CRMLS #DW25074095

$1,125,000—
DateEvent & SourcePrice
07/30/2025

Sold

SDMLS #DW25074095

$1,125,000
07/30/2025

Sold

CLAW #DW25074095MR

$1,125,000
07/30/2025

Sold

CRMLS #DW25074095

$1,125,000

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

Public Records for 2029 Patterson Street

Taxable ValueLand$166,464Additions$499,392Total$665,856
Tax Record2025$7,454 ($621 / month)
Home Facts
Beds3Baths1.8Total Finished SqFt1,762 SqFtAbove Grade Finished SqFt1,762 SqFtStories2Lot Size13,068 SqFtStyleSingle Family ResidenceYear Built1916ZoningR3CountyRIVERSIDEAPN211-111-050Fireplace TypeHas Fireplace

Schools near 2029 Patterson Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Longfellow Elementary School
Public - K to 6
University Heights Middle School
Public - 7 to 8
John W. North High School
Public - 9 to 12
Abraham Lincoln Continuation School
Public - 9 to 12
Rating
School
Distance
Longfellow Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

Abraham Lincoln Continuation School
Public9 to 12

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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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 Pak Home Realty, Gerardo Garcia Macias, DRE #02105347

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.