3587 Wallace St

Riverside, CA 92509

$630,000
Last Sold Price
3
Beds
1,800 Sq. Ft.
$350 / Sq. Ft.
1,800
Sq. Ft.
$350
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/6/21
Closed 12/6/21
a aerial view of a house

Description

Cash flow! This Renovated Triplex will make a great addition to your portfolio. The property is located just minutes away from Downtown Riverside near the 60 & 91 freeway in a high rental demand area. All 3 units are tenant occupied... the third units was recently renovated! The property sits on a 9000+ sq ft lot with plenty of parking for up to 10 cars in the front, and has been carefully maintained by the current owners, recent upgrades include, new roof, new paint, double-pane windows, new fence,...Cash flow! This Renovated Triplex will make a great addition to your portfolio. The property is located just minutes away from Downtown Riverside near the 60 & 91 freeway in a high rental demand area. All 3 units are tenant occupied... the third units was recently renovated! The property sits on a 9000+ sq ft lot with plenty of parking for up to 10 cars in the front, and has been carefully maintained by the current owners, recent upgrades include, new roof, new paint, double-pane windows, new fence, tankless water heaters, updated kitchens, bathrooms, laminate floors, granite counter tops, and more. New or experienced investors... this is a must see!

Property Details for 3587 Wallace Street

Architectural Style
Modern
View
Rocks
Parking Spaces Total
9
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
LISTING CLOSED: 12/06/2021 12:00 AM

Property Details for 3587 Wallace Street

StatusClosed
MLS #PW21234323
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeTownhouse
MLS TypeResidential
Year Built1957
Lot Size0.22 AC / 9,583 SF
CountyRiverside County
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Location

Listing Courtesy of eXp Realty of California Inc, Mauricio Roque, DRE #01938342; eXp Realty of California Inc, Princess Escoto, DRE #02066563

Sold By Monarch Realty Services, Vanessa Burtle, DRE #01867404

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Building Information for 3587 Wallace Street

Stories1Residences-Year Built1957Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$3,841 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,202

Property Taxes

$639

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3587 Wallace Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $360
  • Gross Scheduled Income: $47,400
  • Net Operating Income: $39,600
  • Other Income Description: Storage rental
  • Other Income 1: $30
  • Current Financing: Conventional
  • Financing: Conventional
Expense Details
  • Operating Expense: $7,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,044
  • Other Expense: $1,044
  • Trash Expense: $0
  • Water Sewer Expense: $250
  • Total Expenses: $3,000
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 402.04
  • CFD/Mello-Roos Fee: $165
  • Tax Lot: 18
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Disposal, Gas Range, Gas Cooktop, Tankless Water Heater
  • Equipment: Disposal, Gas Stove, Gas Range
  • Interior Features: Copper Plumbing Full, Storage
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Room Bathroom Features: Bathtub, Shower, Shower in Tub, Remodeled
  • Bedroom Features: All Bedrooms Down
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen
  • Eating Area: In Kitchen
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Outside
  • Laundry Location: Outside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Laminate
  • Floor Coverings: Laminate
  • Flooring: Laminate
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Asbestos Shingle
  • Fence: Yes
  • Fence: Wood
  • Fencing: New Condition, Wood
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Structure Type: Triplex
  • Other Structures: Storage
  • Property Condition: Turnkey
  • Miscellaneous: Storm Drains
  • View Description: Hills
  • Patio: Yes
  • Patio: Patio
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Irregular Lot
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Maintained, Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Private
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Private
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 9
  • Open Other Spaces Total: 9
  • Parking Non-Garage: On Site, Oversized, Parking Space, Private
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Unpaved, On Site, Oversized, Parking Space, Private
Property / Structure Info
  • Architectural Style: Modern
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 3587 Wallace Street

DateEvent & SourcePriceAppreciation
Dec 6, 2021

Sold

CRMLS #PW21234323

$630,000—
Dec 6, 2021

Sold

CLAW #PW21234268MR

$630,000—
Dec 6, 2021

Sold

SDMLS #PW21234268

$630,000—
DateEvent & SourcePrice
12/06/2021

Sold

CRMLS #PW21234323

$630,000
12/06/2021

Sold

CLAW #PW21234268MR

$630,000
12/06/2021

Sold

SDMLS #PW21234268

$630,000

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

Public Records for 3587 Wallace Street

Taxable ValueLand$201,629Additions$466,931Total$668,560
Tax Record2025$7,669 ($639 / month)
Home Facts
Beds3Baths3Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories1Lot Size9,583 SqFtStyleSingle Family ResidenceYear Built1957ZoningR2CountyRIVERSIDEAPN179-192-018Fireplace TypeHas Fireplace

Schools near 3587 Wallace Street

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 eXp Realty of California Inc, Mauricio Roque, DRE #01938342; eXp Realty of California Inc, Princess Escoto, DRE #02066563

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.