Last Sold Price
7,100 sqft$137/sqft
3848 Locust St, Riverside, CA 92501

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.
LISTING CLOSED: 08/07/2026 12:00 AM

  1. Listed by Ardavan Mofid • DRE #01098754 • Brokerage DRE #01897784 • CENTURY 21 Affiliated • 909-223-7214

Property Details for 3848 Locust Street

Status
MLS #
SW26039350
Days on Market
42
Pet Policy
-
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
-
Parking Spaces Total
4
Private Pool
No
Total Units
6.0
Building Type
Attached
Business Type
Multi-Tenant
Lot Size Source
Appraiser
Living Area
7100
Assessor Parcel Number
214-292-018
Property Attached YN
true
Common Walls
1 Common Wall
New Construction
No
Average Studio Area
450
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area
1600
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Building Area Total
7100
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Pool
No
Senior Community
No
Parcel Number
214292018
Area
Riverside (252)
Directions
off the 91 fwy east, turn left and follow to Locust on cul-de-sac

Location

Listing Courtesy of CENTURY 21 Affiliated, Ardavan Mofid, DRE #01098754

Sold By Pacific Avenue Realty, Prashant Sampat, DRE #01916221

Add your commute

Building Information for 3848 Locust Street

Building/Complex3848 Locust StFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built-Building Size-

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$5,481 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,930

Property Taxes

$551

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 3848 Locust Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $6,700
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $700
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $45
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Annual Amount: $3,309
  • Tax Tract Number: 0
  • Tax Lot: 0
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 6-10 Units/Acre
  • Current Use: Residential
  • Land Use: Multi-Family
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • 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 Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 3848 Locust Street

DateEvent & SourcePriceAppreciation
Aug 7, 2026

Sold

CRMLS #SW26039350

$970,000
Aug 7, 2026

Sold

CRMLS #SW26176331

$970,000
Apr 6, 2026

Pending

CRMLS #SW26039350

DateEvent & SourcePrice
08/07/2026

Sold

CRMLS #SW26039350

$970,000
08/07/2026

Sold

CRMLS #SW26176331

$970,000
04/06/2026

Pending

CRMLS #SW26039350

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$187,550Additions$400,113Total$587,663
Tax Record2025$6,616 ($551 / month)
Home Facts
Lot Size9,148 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.

Similar Homes

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.