3159 1st St
Description
Don’t miss this excellent investment opportunity! This well-maintained 6-unit apartment complex is ideally located just minutes from the heart of Downtown Riverside, offering a strong and stable rental income month after month. The property features a diverse mix of unit types to attract a wide range of tenants:
1 Studio
1 One-Bedroom Unit
2 Two-Bedroom Units
2 Three-Bedroom Units
Some units are equipped with washer and dryer hookups, adding convenience...Prime 6-Unit Apartment Complex Near Downtown Riverside
Don’t miss this excellent investment opportunity! This well-maintained 6-unit apartment complex is ideally located just minutes from the heart of Downtown Riverside, offering a strong and stable rental income month after month. The property features a diverse mix of unit types to attract a wide range of tenants:
1 Studio
1 One-Bedroom Unit
2 Two-Bedroom Units
2 Three-Bedroom Units
Some units are equipped with washer and dryer hookups, adding convenience and value for tenants. The property offers a combination of onsite parking and ample street parking, making it easily accessible for all residents. The roof is in solid condition, and the building has been consistently producing reliable rental income with minimal vacancies. Located near shops, restaurants, and public transportation, this property is a great opportunity for investors looking to own in a high-demand rental market.
- Listed by Sean Brunske • DRE #01228051 • Brokerage DRE #01333814 • RE/MAX CHAMPIONS • 951-288-1762
Property Details for 3159 1st Street
Property Details for 3159 1st Street
| Status | Active |
|---|---|
| MLS # | CV25228664 |
| Days on Market | 85 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1937 |
| County | Riverside County |
Location
Building Information for 3159 1st Street
Payment Calculator
$7,998 per month
30 year fixed, 6.28% Interest
$7,387
$611
$0
Property Information for 3159 1st Street
- Gross Income: $114,720
- Gross Scheduled Income: $114,720
- Net Operating Income: $101,520
- Operating Expense: $13,200
- Fuel Expense: $0
- Electric Expense: $2,400
- Insurance Expense: $3,600
- Professional Management Expense: $0
- Trash Expense: $3,600
- Water Sewer Expense: $3,600
- Total Expenses: $13,200
- Tax Tract Number: 66
- CFD/Mello-Roos Fee: $193
- Tax Lot: 26
- Community Features: Sidewalks
- Laundry: Yes
- Laundry Features: Gas & Electric Dryer Hookup
- Cooling: Wall/Window Unit(s)
- Heating Type: None
- Heating: None
- Heat Equipment: N/K
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: Corner Lot
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 3
- Parking Garage Spaces: 3
- Carport Spaces: 0
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,200
- Unit Type Total Rent: $1,200
- Unit Type Pro Forma: 1200
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,200
- Unit Type Total Rent: $1,200
- Unit Type Pro Forma: 1200
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,200
- Unit Type Total Rent: $1,200
- Unit Type Pro Forma: 1600
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,860
- Unit Type Total Rent: $1,860
- Unit Type Pro Forma: 1860
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,600
- Unit Type Total Rent: $1,600
- Unit Type Pro Forma: 2500
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,500
- Unit Type Total Rent: $2,500
- Unit Type Pro Forma: 2750
- Unit Type Type: 6
- Rent Controlled: No
- Number Of Buildings: 6
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 1
Property History for 3159 1st Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 30, 2025 | Listed (Active) CLAW #CV25228664MR | $1,495,000 | — |
| Sep 30, 2025 | Listed (Active) CRMLS #CV25228664 | $1,495,000 | — |
| Sep 30, 2025 | Listed (Active) SDMLS #CV25228664 | $1,495,000 | — |
| Jan 1, 2025 | Expired CRMLS #CV24088109 | — | |
| Dec 31, 2024 | Expired CLAW #CV24088109MR | $1,500,000 | — |
| Dec 31, 2024 | Expired SDMLS #CV24088109 | $1,500,000 | — |
| May 2, 2024 | Listed (Active) CRMLS #CV24088109 | $1,500,000 | — |
| May 2, 2024 | Listed (Active) SDMLS #CV24088109 | $1,500,000 | — |
| May 2, 2024 | Listed (Active) CLAW #CV24088109MR | $1,500,000 | — |
| Jan 1, 2023 | Expired CRMLS #CV22110701 | — | |
| Dec 31, 2022 | Expired CLAW #CV22110701MR | $1,500,000 | — |
| Aug 4, 2022 | Withdrawn / Cancelled CRMLS #CV22110701 | — | |
| Aug 4, 2022 | Withdrawn / Cancelled CLAW #CV22110701MR | — | |
| May 24, 2022 | Listed (Active) CRMLS #CV22110701 | $1,500,000 | — |
| May 24, 2022 | Listed (Active) CLAW #CV22110701MR | $1,500,000 | — |
| Sep 1, 2015 | Expired CRMLS #CV14143421 | — | |
| Aug 31, 2015 | Expired CLAW #CV14143421MR | — | |
| Jul 8, 2014 | Listed (Active) CLAW #CV14143421MR | $650,000 | — |
| Jul 8, 2014 | Listed (Active) CRMLS #CV14143421 | $650,000 | — |
| Sep 1, 2008 | Expired CRMLS #H08026049 | $649,900 | — |
| Sep 1, 2008 | Expired CLAW #H08026049MR | — | |
| Feb 21, 2008 | Listed (Active) CLAW #H08026049MR | $649,900 | — |
| Feb 21, 2008 | Listed (Active) CRMLS #H08026049 | $649,900 | — |
| Jan 1, 2008 | Expired CRMLS #H07104308 | $649,900 | — |
| Jan 1, 2008 | Expired CLAW #H07104308MR | — | |
| Jul 16, 2007 | Listed (Active) CLAW #H07104308MR | $699,900 | — |
| Jul 16, 2007 | Listed (Active) CRMLS #H07104308 | $699,900 | — |
| Jul 1, 2007 | Expired CRMLS #H679024 | $699,900 | — |
| Jul 1, 2007 | Expired CLAW #H679024MR | — | |
| Jan 11, 2007 | Listed (Active) CRMLS #H679024 | $699,900 | — |
| Jan 11, 2007 | Listed (Active) CLAW #H679024MR | $699,900 | — |
| Dec 31, 2006 | Expired CRMLS #H600265 | $699,900 | — |
| Dec 31, 2006 | Expired CLAW #H600265MR | — | |
| Jan 8, 2006 | Listed (Active) CLAW #H600265MR | $699,900 | — |
| Jan 8, 2006 | Listed (Active) CRMLS #H600265 | $699,900 | — |
| Jan 1, 2006 | Expired CRMLS #H503754 | $775,000 | — |
| Jan 1, 2006 | Expired CLAW #H503754MR | — | |
| Apr 8, 2005 | Listed (Active) CRMLS #H503754 | $775,000 | — |
| Apr 8, 2005 | Listed (Active) CLAW #H503754MR | $775,000 | — |
| Nov 16, 2004 | Expired CRMLS #H410622 | $649,900 | — |
| Nov 16, 2004 | Expired CLAW #H410622MR | — | |
| Aug 9, 2004 | Listed (Active) CRMLS #H410622 | $649,900 | — |
| Aug 9, 2004 | Listed (Active) CLAW #H410622MR | $649,900 | — |
| Jul 31, 2004 | Expired CRMLS #H400905 | $599,900 | — |
| Jul 31, 2004 | Expired CLAW #H400905MR | — | |
| Jan 28, 2004 | Listed (Active) CLAW #H400905MR | $599,900 | — |
| Jan 28, 2004 | Listed (Active) CRMLS #H400905 | $599,900 | — |
| Sep 30, 2003 | Sold (Public Record) Public Record #121593942 | $400,000 | +93.1% / yr |
| Mar 6, 2003 | Sold (Public Record) Public Record #109216915 | $275,000 | — |
| Mar 6, 2003 | Sold CRMLS #I304747 | $275,000 | — |
| Mar 6, 2003 | Sold CLAW #I304747MR | $275,000 | — |
| Jan 30, 2003 | Pending CRMLS #I304747 | — | |
| Jan 30, 2003 | Pending CLAW #I304747MR | — | |
| Jan 7, 2003 | Listed (Active) CRMLS #I304747 | $300,000 | — |
| Jan 7, 2003 | Listed (Active) CLAW #I304747MR | $300,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/30/2025 | Listed (Active) CLAW #CV25228664MR | $1,495,000 |
| 09/30/2025 | Listed (Active) CRMLS #CV25228664 | $1,495,000 |
| 09/30/2025 | Listed (Active) SDMLS #CV25228664 | $1,495,000 |
| 01/01/2025 | Expired CRMLS #CV24088109 | — |
| 12/31/2024 | Expired CLAW #CV24088109MR | $1,500,000 |
| 12/31/2024 | Expired SDMLS #CV24088109 | $1,500,000 |
| 05/02/2024 | Listed (Active) CRMLS #CV24088109 | $1,500,000 |
| 05/02/2024 | Listed (Active) SDMLS #CV24088109 | $1,500,000 |
| 05/02/2024 | Listed (Active) CLAW #CV24088109MR | $1,500,000 |
| 01/01/2023 | Expired CRMLS #CV22110701 | — |
| 12/31/2022 | Expired CLAW #CV22110701MR | $1,500,000 |
| 08/04/2022 | Withdrawn / Cancelled CRMLS #CV22110701 | — |
| 08/04/2022 | Withdrawn / Cancelled CLAW #CV22110701MR | — |
| 05/24/2022 | Listed (Active) CRMLS #CV22110701 | $1,500,000 |
| 05/24/2022 | Listed (Active) CLAW #CV22110701MR | $1,500,000 |
| 09/01/2015 | Expired CRMLS #CV14143421 | — |
| 08/31/2015 | Expired CLAW #CV14143421MR | — |
| 07/08/2014 | Listed (Active) CLAW #CV14143421MR | $650,000 |
| 07/08/2014 | Listed (Active) CRMLS #CV14143421 | $650,000 |
| 09/01/2008 | Expired CRMLS #H08026049 | $649,900 |
| 09/01/2008 | Expired CLAW #H08026049MR | — |
| 02/21/2008 | Listed (Active) CLAW #H08026049MR | $649,900 |
| 02/21/2008 | Listed (Active) CRMLS #H08026049 | $649,900 |
| 01/01/2008 | Expired CRMLS #H07104308 | $649,900 |
| 01/01/2008 | Expired CLAW #H07104308MR | — |
| 07/16/2007 | Listed (Active) CLAW #H07104308MR | $699,900 |
| 07/16/2007 | Listed (Active) CRMLS #H07104308 | $699,900 |
| 07/01/2007 | Expired CRMLS #H679024 | $699,900 |
| 07/01/2007 | Expired CLAW #H679024MR | — |
| 01/11/2007 | Listed (Active) CRMLS #H679024 | $699,900 |
| 01/11/2007 | Listed (Active) CLAW #H679024MR | $699,900 |
| 12/31/2006 | Expired CRMLS #H600265 | $699,900 |
| 12/31/2006 | Expired CLAW #H600265MR | — |
| 01/08/2006 | Listed (Active) CLAW #H600265MR | $699,900 |
| 01/08/2006 | Listed (Active) CRMLS #H600265 | $699,900 |
| 01/01/2006 | Expired CRMLS #H503754 | $775,000 |
| 01/01/2006 | Expired CLAW #H503754MR | — |
| 04/08/2005 | Listed (Active) CRMLS #H503754 | $775,000 |
| 04/08/2005 | Listed (Active) CLAW #H503754MR | $775,000 |
| 11/16/2004 | Expired CRMLS #H410622 | $649,900 |
| 11/16/2004 | Expired CLAW #H410622MR | — |
| 08/09/2004 | Listed (Active) CRMLS #H410622 | $649,900 |
| 08/09/2004 | Listed (Active) CLAW #H410622MR | $649,900 |
| 07/31/2004 | Expired CRMLS #H400905 | $599,900 |
| 07/31/2004 | Expired CLAW #H400905MR | — |
| 01/28/2004 | Listed (Active) CLAW #H400905MR | $599,900 |
| 01/28/2004 | Listed (Active) CRMLS #H400905 | $599,900 |
| 09/30/2003 | Sold (Public Record) Public Record #121593942 | $400,000 +93.1% / yr |
| 03/06/2003 | Sold (Public Record) Public Record #109216915 | $275,000 |
| 03/06/2003 | Sold CRMLS #I304747 | $275,000 |
| 03/06/2003 | Sold CLAW #I304747MR | $275,000 |
| 01/30/2003 | Pending CRMLS #I304747 | — |
| 01/30/2003 | Pending CLAW #I304747MR | — |
| 01/07/2003 | Listed (Active) CRMLS #I304747 | $300,000 |
| 01/07/2003 | Listed (Active) CLAW #I304747MR | $300,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3159 1st Street
Schools near 3159 1st Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K 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 | ||
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX CHAMPIONS, Sean Brunske, DRE #01228051
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.