3080 Lemon St

Riverside, CA 92501

$728,000
Last Sold Price
4
Beds
4
Baths
3,120 Sq. Ft.
$233 / Sq. Ft.
3,120
Sq. Ft.
$233
per Sq. Ft.
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Closed 3/1/21
Closed 3/1/21

Description

Rare investment opportunity in downtown riverside! Total 4 units located in 2 buildings, each unit is one bedroom, and each building has 2 units. Spacious yard spaces between the 2 buildings. Font building is single story with additional laundry room, back building is two stories with downstairs are 4 garages for each unit. All 4 units got remodeled along with the tenant changing during these recent 4 years. ALL 4 unites are currently leased by tenants, which create CASH FLOW right away. Conveniently...Rare investment opportunity in downtown riverside! Total 4 units located in 2 buildings, each unit is one bedroom, and each building has 2 units. Spacious yard spaces between the 2 buildings. Font building is single story with additional laundry room, back building is two stories with downstairs are 4 garages for each unit. All 4 units got remodeled along with the tenant changing during these recent 4 years. ALL 4 unites are currently leased by tenants, which create CASH FLOW right away. Conveniently located in the downtown business district near city hall, Riverside court, Center for Social Justice & Civil Liberties, Riverside Community Hospital, Riverside Municipal Auditorium, Evergreen Memorial Park & Museum, Evans Park, Marriott, Mission Inn Hotel & Spa, Riverside Convention Center, Riverside Park & recreation. Wont last!
  1. Listed by Sunny Sheng • DRE #01965217 • Brokerage DRE #02077892 • RE/MAX Universal Realty

Property Details for 3080 Lemon Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
4.0
Building Type
Attached
Living Area
3120
Assessor Parcel Number
209-214-006
Property Attached YN
true
LISTING CLOSED: 03/01/2021 12:00 AM

Property Details for 3080 Lemon Street

StatusClosed
MLS #TR21015345
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1914
Lot Size0.17 AC / 7,405 SF
CountyRiverside County
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Location

Listing Courtesy of RE/MAX Universal Realty, Sunny Sheng, DRE #01965217

Sold By Your Home Sold Guaranteed Realty, Freeman Wang, DRE #01966395

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Building Information for 3080 Lemon Street

Stories2Residences-Year Built1914Building Size-Lot Size0.17 AC / 7,405 SF

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$3,628 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,628

Property Taxes

$0

HOA Dues

$0

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Property Information for 3080 Lemon Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $54,360
  • Gross Scheduled Income: $54,360
  • Net Operating Income: $49,600
  • Laundry Income: $0
  • Financing: Cash
Expense Details
  • Operating Expense: $4,760
  • New Taxes Expense: $0
  • Gardener Expense: $960
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,100
  • Professional Management Expense: $3,804
  • Trash Expense: $0
  • Water Sewer Expense: $320
  • Total Expenses: $4,764
Tax / Assessment Info
  • Tax Tract Number: 009061
  • Tax Lot: 28
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,195
  • Unit Type Total Rent: $1,195
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,390
  • Unit Type Total Rent: $1,390
  • Unit Type Pro Forma: 1390
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $995
  • Unit Type Total Rent: $995
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $950
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 4

Property History for 3080 Lemon Street

DateEvent & SourcePriceAppreciation
Mar 1, 2021

Sold

CRMLS #TR21015345

$728,000—
Mar 1, 2021

Sold

SDMLS #TR21015345

$728,000—
Mar 1, 2021

Sold

CLAW #TR21015345MR

$728,000—
DateEvent & SourcePrice
03/01/2021

Sold

CRMLS #TR21015345

$728,000
03/01/2021

Sold

SDMLS #TR21015345

$728,000
03/01/2021

Sold

CLAW #TR21015345MR

$728,000

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

Schools near 3080 Lemon Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Fremont Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Riverside Virtual School
Public - K to 12
Rating
School
Distance
Fremont Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Riverside Virtual School
PublicK 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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Listing Courtesy of RE/MAX Universal Realty, Sunny Sheng, DRE #01965217

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.