3614 Russell St

Beds
Baths
3,400 Sq. Ft.
$109 / Sq. Ft.
3,400
Sq. Ft.
$109
per Sq. Ft.

Description

Newly remodled fourplex in well located area of Riverside. One block to 60 & 91 Freeways and close to downtown. New paint landscape and two interior units remodled with carpet and paint. 100 % occupied! Rents are significantly below market. Huge upside potential. All units have washer/dryer hook ups, large yards and individual garages with openers. This is a great investment opportunity that won't last!Newly remodled fourplex in well located area of Riverside. One block to 60 & 91 Freeways and close to downtown. New paint landscape and two interior units remodled with carpet and paint. 100 % occupied! Rents are significantly below market. Huge upside potential. All units have washer/dryer hook ups, large yards and individual garages with openers. This is a great investment opportunity that won't last!
  1. Listed by Doug Wetton • DRE #01009432 • DW Investments

Property Details for 3614 Russell Street

Architectural Style
Bungalow
Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Living Area
3400
Assessor Parcel Number
209-115-010
Average 2 Bed Area
800
Average 3 Bed Area
1000
LISTING CLOSED: 02/08/2012 12:00 AM

Property Details for 3614 Russell Street

StatusClosed
MLS #U11005068
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size-
CountyRiverside County

Location

Listing Courtesy of DW Investments, Doug Wetton, DRE #01009432

Sold By Trinity Real Estate Group, In, Ryan Alarcon, DRE #01881307

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Building Information for 3614 Russell Street

Stories-Residences-Year Built1965Building Size-Lot Size-

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OriginPoint Mortgage or Rocket Mortgage1

$2,296 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,844

Property Taxes

$452

HOA Dues

$0

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Property Information for 3614 Russell Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $3,400
  • Gross Scheduled Income: $46,800
  • Net Operating Income: $30,420
  • Gross Multiplier: 8.33
  • Cap Rate: 7.8
  • Financing: Conventional
Expense Details
  • Operating Expense: $16,380
  • New Taxes Expense: $43,874
  • Gardener Expense: $1,680
  • Cable TV Expense: $0
  • Licenses Expense: $180
  • Pest Control Expense: $600
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,500
  • Maintenance Expense: $1,500
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $0
  • Other Expense Description: 0
  • Trash Expense: $1,800
  • Water Sewer Expense: $2,400
  • Supplies Expense: $500
Tax / Assessment Info
  • Tax Tract Number: 115
  • Tax Lot: 209
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Appliances: Gas Water Heater
  • Water Heater Features: Gas
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Heating: Natural Gas, Wall Furnace
  • Flooring Type: Carpet
  • Flooring: Carpet
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Roof: Composition, Shingle
Land/Lot Info
  • Number Of Units: 4
Parking Info
  • Garage Spaces: 4
  • Parking: No
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit Information
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number Wall AC: 4

Property History for 3614 Russell Street

DateEvent & SourcePriceAppreciation
Feb 8, 2012

Sold (Public Record)

Public Record #324125982

$368,500

-6.3% / yr

Feb 8, 2012

Sold

CRMLS #U11005068

$370,000
Feb 8, 2012

Sold

CLAW #U11005068MR

$370,000
DateEvent & SourcePrice
02/08/2012

Sold (Public Record)

Public Record #324125982

$368,500

-6.3% / yr

02/08/2012

Sold

CRMLS #U11005068

$370,000
02/08/2012

Sold

CLAW #U11005068MR

$370,000

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

Public Records for 3614 Russell Street

Taxable ValueLand$188,400Additions$274,441Total$462,841
Tax Record2025$5,425 ($452 / month)
Home Facts
Total Finished SqFt1,759 SqFtAbove Grade Finished SqFt1,759 SqFtStories1Lot Size20,037 SqFtStyleQuadraplexYear Built1954ZoningC2CountyRIVERSIDEAPN209-115-010

Schools near 3614 Russell Street

This home is within Riverside Unified School District.
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.

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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 DW Investments, Doug Wetton, DRE #01009432

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.