3848 Locust St

—
Beds
—
Baths
7,100 Sq. Ft.
$139 / Sq. Ft.
7,100
Sq. Ft.
$139
per Sq. Ft.

Description

Exceptional investment opportunity in downtown riverside's historical district! Located just moments from iconic MISSION INN HOTEL & SPA, this well situated 6-UNIT property offers charm, conveniance, and strong rental appeal in one of Riverside'most desirable areas. The Unit Mix includes:TWO 2-BEDROOM/1-BATH UNITS & FOUR STUDIO UNITS Situated in the heart of Downtown Riveside Tenants enjoy close proximity to shopping, dining, entertainments, and appriciate easy access to the 91, 60 and 15 Freeways....Exceptional investment opportunity in downtown riverside's historical district! Located just moments from iconic MISSION INN HOTEL & SPA, this well situated 6-UNIT property offers charm, conveniance, and strong rental appeal in one of Riverside'most desirable areas. The Unit Mix includes:TWO 2-BEDROOM/1-BATH UNITS & FOUR STUDIO UNITS Situated in the heart of Downtown Riveside Tenants enjoy close proximity to shopping, dining, entertainments, and appriciate easy access to the 91, 60 and 15 Freeways. Whether you are looking to expand your portfolio or secure a prime Multi-Unit property in a historic and high-demand location, this is an Outstanding Opportunity.
  1. Listed by Ardavan Mofid • DRE #01098754 • Brokerage DRE #01897784 • CENTURY 21 Affiliated • 909-223-7214

Property Details for 3848 Locust Street

Total Units
6.0
Building Area Total
7100
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Parcel Number
214292018
Area
Riverside (252)
Directions
off the 91 fwy east, turn left and follow to Locust on cul-de-sac
LISTING UPDATED: 04/06/2026 06:57 AM

Property Details for 3848 Locust Street

StatusPending
MLS #SW26039350
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built-
Lot Size0.21 AC / 9,100 SF
CountyRiverside County

Location

Listing Courtesy of CENTURY 21 Affiliated, Ardavan Mofid, DRE #01098754
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Building Information for 3848 Locust Street

Stories1Residences-Year Built-Building Size-Lot Size0.21 AC / 9,100 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$5,484 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,933

Property Taxes

$551

HOA Dues

$0

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Property Information for 3848 Locust Street

Income / Expense / Tax Details
Income Details
  • Current Financing: Conventional
Tax / Assessment Info
  • Tax Annual Amount: $3,309
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 6-10 Units/Acre
  • Land Use: Multi-Family
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 6
  • Number Of Buildings: 6

Property History for 3848 Locust Street

DateEvent & SourcePriceAppreciation
Apr 6, 2026

Pending

CRMLS #SW26039350

—
Feb 23, 2026

Listed (Active)

CRMLS #SW26039350

$990,000—
Apr 30, 2014

Sold

CLAW #PW13077367MR

$470,000—
DateEvent & SourcePrice
04/06/2026

Pending

CRMLS #SW26039350

—
02/23/2026

Listed (Active)

CRMLS #SW26039350

$990,000
04/30/2014

Sold

CLAW #PW13077367MR

$470,000

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

Public Records for 3848 Locust Street

Taxable ValueLand$183,873Additions$392,268Total$576,141
Tax Record2025$6,616 ($551 / month)
Home Facts
Lot Size9,147 SqFtStyleMulti-Family Res (5+ Units)ZoningR1065CountyRIVERSIDEAPN214-292-018

Schools near 3848 Locust 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
Bryant 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 CENTURY 21 Affiliated, Ardavan Mofid, DRE #01098754

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.