3520 Crestmore Road

Closed 4/4/25
Closed 4/4/25
Gallery Image 1
Sold
Last Sold Price
$1,891,450
8 beds10 baths6,702 sqft
3520 Crestmore Rd, Jurupa Valley, CA 92509
Multi FamilyProperty Type
1.8 acresLot Size
1947Year Built
$282/sq ftPrice per sq ft
4 carsParking Spaces

Description

We are proud to exclusively present a unique 8-unit + 1-non-conforming-unit multifamily investment opportunity located at 3520 Crestmore Road in Jurupa Valley, CA. Situated just west of the thriving Downtown Riverside, this property benefits from its strategic position north of Mission Avenue and west of the Santa Ana River, as well as its proximity to major freeways (60, 91 and 215). 3520 Crestmore Road offer investors a rare chance to acquire a large, oversized lot comprised of individual bungalow...We are proud to exclusively present a unique 8-unit + 1-non-conforming-unit multifamily investment opportunity located at 3520 Crestmore Road in Jurupa Valley, CA. Situated just west of the thriving Downtown Riverside, this property benefits from its strategic position north of Mission Avenue and west of the Santa Ana River, as well as its proximity to major freeways (60, 91 and 215). 3520 Crestmore Road offer investors a rare chance to acquire a large, oversized lot comprised of individual bungalow style houses within in a well sought-after neighborhood. 3520 Crestmore Road consist of ±6,702 rental square feet with an additional 1,200 non-conforming rental square feet on a ±78,408 square foot lot. The property features low-maintenance landscaping, tenant-paid-for utilities, professional management, ample off-street parking, mountain views, and an oversized lot with the potential ability to add Accessory Dwelling Units (buyer to verify with city). Individual units feature a private detached garages (in select units), individual storage units (in select units), in-unit washers and dryers, air conditioning and heating, and private fenced in yards. Riverside’s strategic location within Southern California positions it as a compelling destination for working professionals. The city’s convenient access to major freeways like the 60, 91, and 215 offers seamless connectivity to Riverside County, San Bernardino County, Los Angeles County, and beyond. This prime location, coupled with a dynamic community, draws a diverse talent pool. Top employers in the healthcare, manufacturing, retail, education and government industries, contribute to Riverside’s thriving economy. The city’s cost of living, while competitive with other Southern California areas, makes it an attractive option for working-class professionals seeking a balance between affordability and quality of life. Residents also enjoy easy access to a variety of cultural attractions within a 20-mile radius. These include the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the convenient Downtown Metrolink Station, the iconic Riverside Fox Theatre, Riverside City College, and the prestigious University of California, Riverside. This combination of career opportunities, cultural amenities, and a strategic location makes Riverside a highly sought-after place to live and work.
  • Listed by: ERIC CHEN DRE #01489184 Brokerage DRE #00409987 • CB RICHARD ELLIS 626-757-5717
Listing closed: 04/04/2025 12:00 AM • Source: CRMLS, MLS#: CV24251686

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Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01923766

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$11,055 per month

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Property Taxes

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Property Information for 3520 Crestmore Road

Property Details
  • MLS Type: Residential Income / Res Income 2-4 Units
  • County: Riverside County
  • View: Mountain(s)
  • Parking Spaces Total: 4
  • Private Pool: No
  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Total Units: 9.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 6702
  • Assessor Parcel Number: 179-320-045
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • 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: 6702
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Entry Level: 1
  • Pool: No
  • Spa: No
  • View: Yes
  • View: Yes
  • Zoning: A-1
  • Senior Community: No
  • Parcel Number: 179320045
  • Area: Jurupa Valley (251)
  • Directions: Merge onto CA-60 E, Take exit 50 for Rubidoux Blvd, Turn right onto Rubidoux Blvd, Turn left onto 34th St, Turn right onto Crestmore Rd
Building Information
  • Building/Complex: 3520 Crestmore Rd
  • Stories: 1
  • Year Built: 1947
Income / Expense / Tax Details
Income Details
  • Gross Income: $177,120
  • Gross Scheduled Income: $177,120
  • Vacancy Allowance: 8856
  • Gross Operating Income: $168,264
  • Net Operating Income: $113,607
  • Gross Multiplier: 11.57
  • Cap Rate: 5.54
  • Financing: Cash
Expense Details
  • Operating Expense: $54,657
  • New Taxes Expense: $22,998
  • Gardener Expense: $1,680
  • Fuel Expense: $117
  • Pest Control Expense: $750
  • Electric Expense: $118
  • Insurance Expense: $6,000
  • Maintenance Expense: $10,096
  • Professional Management Expense: $8,413
  • Other Expense: $2,000
  • Other Expense Description: Reserves
  • Trash Expense: $484
  • Water Sewer Expense: $484
  • Supplies Expense: $1,470
  • Total Expenses: $54,657
Tax / Assessment Info
  • Tax Tract Number: 040201
  • Tax Census Tract: 402.01
  • CFD/Mello-Roos Fee: $604
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central, Wall Furnace
  • Heating: Central, Wall Furnace
  • Flooring Type: Tile, Vinyl
  • Flooring: Tile, Vinyl
Exterior Features
  • Entry Location: 1
  • 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: 6-10 Units/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,572
  • Unit Type Total Rent: $94,320
  • Unit Type Pro Forma: 1860
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,703
  • Unit Type Total Rent: $61,320
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,790
  • Unit Type Total Rent: $21,480
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 8
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 7

Property History for 3520 Crestmore Road

DateEvent & SourcePriceAppreciation
Apr 4, 2025

Sold

SDMLS #CV24251686

$1,891,450—
Apr 4, 2025

Sold

CRMLS #CV24251686

$1,891,450—
Apr 4, 2025

Sold

CLAW #CV24251686MR

$1,891,450—
DateEvent & SourcePrice
04/04/2025

Sold

SDMLS #CV24251686

$1,891,450
04/04/2025

Sold

CRMLS #CV24251686

$1,891,450
04/04/2025

Sold

CLAW #CV24251686MR

$1,891,450

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

Public Records for 3520 Crestmore Road

Taxable ValueLand$785,000Additions$1,106,450Total$1,891,450
Tax Record2025$11,480 ($957 / month)
Home Facts
Total Finished SqFt6,702 SqFtAbove Grade Finished SqFt6,702 SqFtStories1Lot Size78,408 SqFtStyleMulti-Family Res (5+ Units)Year Built1916Year Renovated1947ZoningA1CountyRIVERSIDEAPN179-320-045

Schools near 3520 Crestmore Road

This home is within Jurupa Unified School District.
Rating
School
Type
Grades
Distance
Ina Arbuckle Elementary School
Public - K to 6
Mission Middle School
Public - 7 to 8
Rubidoux High School
Public - 9 to 12
Steps Community Day School
Public - 7 to 12
Rating
School
Distance
Ina Arbuckle Elementary School
PublicK to 6

Mission Middle School
Public7 to 8

Rubidoux High School
Public9 to 12

Steps Community Day School
Public7 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 CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

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.