3561 Russell Street
Description
Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within...Duplex (2 Units) Near Downtown Riverside
Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all. ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUs—perfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter. Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, there’s plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research). Important Buyer Information:
Zoned R1-7000 SFR, per the City of Riverside (buyer to verify)
Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering. No blind offers, please. This is a rare opportunity to invest in a growing area with plenty of potential!
- Listed by Robert Esparza • DRE #01890136 • Brokerage DRE #02210661 • Transunited Realty Group • 7147157466
Property Details for 3561 Russell Street
Location
Sold By Transunited Realty Group, Robert Esparza, DRE #01890136
Building Information for 3561 Russell Street
Payment Calculator
$3,821 per month
30 year fixed, 6.55% Interest
$3,228
$593
$0
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1Property Information for 3561 Russell Street
- Gross Income: $0
- Gross Scheduled Income: $48,000
- Net Operating Income: $0
- Current Financing: None
- Financing: Conventional
- Operating Expense: $0
- Operating Expense Percent: .00%
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Block: 2
- Tax Tract Number: 0
- Tax Census Tract: 301.03
- CFD/Mello-Roos Fee: $65
- Tax Lot: 3
- Assessments YN: No
- Assessments: None
- Community Features: Sidewalks, Street Lights
- Room Type: All Bedrooms Down
- Bedroom Features: All Bedrooms Down
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Washer Hookup
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: None
- Heating Type: None
- Heating: None
- Heat Equipment: N/K
- Entry Location: Front
- Fence: No
- Fence: None
- Fencing: None
- Property Condition: Updated/Remodeled
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Spa Features: None
- Spa Heat: N/K
- Lot Features: 2-5 Units/Acre
- Number Of Units: 2
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 2
- Parking Garage: Driveway, Garage, On street
- Parking Garage Spaces: 2
- Carport Spaces: 0
- Parking Features: Driveway, Garage, Street
- Residential Styles: Res Income 2-4 Units
- 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: Yes
- Unit Type Pro Forma: 2000
- 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: 1
- Unit Type Garage Attached: Yes
- Unit Type Pro Forma: 2000
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 1
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 1
Property History for 3561 Russell Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 23, 2024 | Sold SDMLS #PW24207635 | $635,000 | — |
| Dec 23, 2024 | Sold CLAW #PW24207635MR | $635,000 | — |
| Dec 23, 2024 | Sold CRMLS #PW24207635 | $635,000 | — |
| Dec 5, 2024 | Sold (Public Record) Public Record #1547403744 | $635,000 | +32.6% / yr |
| Dec 3, 2024 | Pending CRMLS #PW24207635 | — | |
| Nov 3, 2024 | Pending CLAW #PW24207635MR | — | |
| Nov 3, 2024 | Pending SDMLS #PW24207635 | — | |
| Nov 3, 2024 | Accepting Backup Offers CLAW #PW24207635MR | — | |
| Nov 3, 2024 | Accepting Backup Offers CRMLS #PW24207635 | — | |
| Oct 17, 2024 | Listed (Active) CLAW #PW24207635MR | $649,000 | — |
| Oct 17, 2024 | Listed (Active) CRMLS #PW24207635 | $649,000 | — |
| Oct 15, 2024 | Listed (Active) SDMLS #PW24207635 | $649,000 | — |
| Jun 18, 2024 | Sold CRMLS #CV24008044 | $540,000 | — |
| Jun 18, 2024 | Sold CLAW #CV24008044MR | — | |
| Jun 18, 2024 | Sold SDMLS #CV24008044 | $540,000 | — |
| Jun 9, 2024 | Price Change CLAW #CV24008044MR | $575,000 | — |
| May 9, 2024 | Sold (Public Record) Public Record #1534591135 | $540,000 | — |
| Apr 29, 2024 | Pending CLAW #CV24008044MR | — | |
| Apr 29, 2024 | Pending SDMLS #CV24008044 | — | |
| Apr 18, 2024 | Listed (Active) CLAW #CV24008044MR | $495,000 | — |
| Apr 5, 2024 | Price Change CLAW #CV24008044MR | $575,000 | — |
| Mar 24, 2024 | Listed (Active) CRMLS #CV24008044 | $575,000 | — |
| Feb 4, 2024 | Pending CRMLS #CV24008044 | — | |
| Feb 4, 2024 | Pending CLAW #CV24008044MR | — | |
| Jan 16, 2024 | Withdrawn / Cancelled CRMLS #CV23020412 | $389,900 | — |
| Jan 16, 2024 | Withdrawn / Cancelled CLAW #CV23020412MR | — | |
| Jan 15, 2024 | Listed (Active) SDMLS #CV24008044 | $495,000 | — |
| Jan 15, 2024 | Listed (Active) CRMLS #CV24008044 | $495,000 | — |
| Jan 15, 2024 | Listed (Active) CLAW #CV24008044MR | $495,000 | — |
| Nov 5, 2023 | Hold CRMLS #CV23020412 | — | |
| Nov 5, 2023 | Listed (Active) CRMLS #CV23020412 | — | |
| Nov 5, 2023 | Withdrawn / Cancelled SDMLS #CV23020412 | $389,900 | — |
| Jun 12, 2023 | Hold CRMLS #CV23020412 | — | |
| Jun 11, 2023 | Listed (Active) CRMLS #CV23020412 | — | |
| Apr 18, 2023 | Hold CRMLS #CV23020412 | — | |
| Feb 21, 2023 | Hold CLAW #CV23020412MR | — | |
| Feb 21, 2023 | Listed (Active) CLAW #CV23020412MR | $389,900 | — |
| Feb 21, 2023 | Listed (Active) SDMLS #CV23020412 | $389,900 | — |
| Feb 21, 2023 | Listed (Active) CRMLS #CV23020412 | $389,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/23/2024 | Sold SDMLS #PW24207635 | $635,000 |
| 12/23/2024 | Sold CLAW #PW24207635MR | $635,000 |
| 12/23/2024 | Sold CRMLS #PW24207635 | $635,000 |
| 12/05/2024 | Sold (Public Record) Public Record #1547403744 | $635,000 +32.6% / yr |
| 12/03/2024 | Pending CRMLS #PW24207635 | — |
| 11/03/2024 | Pending CLAW #PW24207635MR | — |
| 11/03/2024 | Pending SDMLS #PW24207635 | — |
| 11/03/2024 | Accepting Backup Offers CLAW #PW24207635MR | — |
| 11/03/2024 | Accepting Backup Offers CRMLS #PW24207635 | — |
| 10/17/2024 | Listed (Active) CLAW #PW24207635MR | $649,000 |
| 10/17/2024 | Listed (Active) CRMLS #PW24207635 | $649,000 |
| 10/15/2024 | Listed (Active) SDMLS #PW24207635 | $649,000 |
| 06/18/2024 | Sold CRMLS #CV24008044 | $540,000 |
| 06/18/2024 | Sold CLAW #CV24008044MR | — |
| 06/18/2024 | Sold SDMLS #CV24008044 | $540,000 |
| 06/09/2024 | Price Change CLAW #CV24008044MR | $575,000 |
| 05/09/2024 | Sold (Public Record) Public Record #1534591135 | $540,000 |
| 04/29/2024 | Pending CLAW #CV24008044MR | — |
| 04/29/2024 | Pending SDMLS #CV24008044 | — |
| 04/18/2024 | Listed (Active) CLAW #CV24008044MR | $495,000 |
| 04/05/2024 | Price Change CLAW #CV24008044MR | $575,000 |
| 03/24/2024 | Listed (Active) CRMLS #CV24008044 | $575,000 |
| 02/04/2024 | Pending CRMLS #CV24008044 | — |
| 02/04/2024 | Pending CLAW #CV24008044MR | — |
| 01/16/2024 | Withdrawn / Cancelled CRMLS #CV23020412 | $389,900 |
| 01/16/2024 | Withdrawn / Cancelled CLAW #CV23020412MR | — |
| 01/15/2024 | Listed (Active) SDMLS #CV24008044 | $495,000 |
| 01/15/2024 | Listed (Active) CRMLS #CV24008044 | $495,000 |
| 01/15/2024 | Listed (Active) CLAW #CV24008044MR | $495,000 |
| 11/05/2023 | Hold CRMLS #CV23020412 | — |
| 11/05/2023 | Listed (Active) CRMLS #CV23020412 | — |
| 11/05/2023 | Withdrawn / Cancelled SDMLS #CV23020412 | $389,900 |
| 06/12/2023 | Hold CRMLS #CV23020412 | — |
| 06/11/2023 | Listed (Active) CRMLS #CV23020412 | — |
| 04/18/2023 | Hold CRMLS #CV23020412 | — |
| 02/21/2023 | Hold CLAW #CV23020412MR | — |
| 02/21/2023 | Listed (Active) CLAW #CV23020412MR | $389,900 |
| 02/21/2023 | Listed (Active) SDMLS #CV23020412 | $389,900 |
| 02/21/2023 | Listed (Active) CRMLS #CV23020412 | $389,900 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 3561 Russell Street
Schools near 3561 Russell 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 |
|---|---|---|
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.
Similar Homes
New listings in 92501
Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 3561 Russell Street, Riverside, CA 92501 | $635,000 | 2 | 2 | 1,101 | 10,890 |
– | 2 | 2 | 1,513 | 10,454 | |
$750,000 | 4 | 3 | 3,061 | 24,829 | |
– | 2 | 2 | 1,344 | 10,890 | |
$335,000 | 3 | 1 | 1,151 | 6,534 | |
– | 2 | 1 | 1,301 | 10,890 | |
$80,000 | 2 | 1 | 976 | 6,534 | |
– | 4 | 2 | 1,905 | 7,405 | |
– | 3 | 1 | 1,413 | 7,841 | |
$162,000 | 3 | 2 | 1,234 | 10,890 | |
$370,000 | – | – | 3,400 | – | |
$110,000 | 3 | 1 | 1,261 | 7,841 | |
$565,000 | 1 | 1 | 579 | 24,829 | |
$340,000 | 3 | 2 | 1,336 | 8,276 | |
$215,000 | – | – | – | 9,148 | |
$177,000 | 2 | 1 | 1,060 | 8,276 |
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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 Transunited Realty Group, Robert Esparza, DRE #01890136
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.