3881 5th St

Riverside, CA 92501

$1,495,000
Last Sold Price
3
Beds
6
Baths
4,340 Sq. Ft.
$344 / Sq. Ft.
4,340
Sq. Ft.
$344
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 2/20/24
Closed 2/20/24
a front view of a house with a yard

Description

3881 5th Street is located in the heart & robust rental market of Downtown Riverside, California. Built in 1930 and updated in 2022 & 2023. The
property consists of 4,340 rentable square feet and is comprised of a unit mix of two 2 Bed / 1 Bath, two 1 Bed + Den / 1 Bath and two 1 Bed / 1 bath units. The property is situated on a 0.18- acre lot and includes 4 private garages with street parking also available. The property is separately metered for gas and electric with a community laundry room. The...3881 5th Street is located in the heart & robust rental market of Downtown Riverside, California. Built in 1930 and updated in 2022 & 2023. The
property consists of 4,340 rentable square feet and is comprised of a unit mix of two 2 Bed / 1 Bath, two 1 Bed + Den / 1 Bath and two 1 Bed / 1 bath units. The property is situated on a 0.18- acre lot and includes 4 private garages with street parking also available. The property is separately metered for gas and electric with a community laundry room. The current ownership has renovated all the interiors including a new block wall and gates. Each unit was tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting and ceiling fans throughout. The “heavy lifting” is complete and should appeal to an investor looking for a bite size, turnkey property located in Downtown Riverside surrounded by tremendous job opportunity within walking distance for the tenants to choose from. Riverside is in the county seat of Riverside County; California and it is the most populous in the county. The United States Census Bureau estimated its 2019 population at 325,000, making Riverside the 12th most-populous city in California. Riverside is in Southern California, adjacent to the 60, 91 & 215 freeways and 38 miles to Disneyland, 69 miles to LAX Airport and 54 miles to Palm Springs . Founded in 1883, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2020. Downtown Riverside is a very densely populated area consisting of Luxury Hotel, Office, Retail, restaurants and entertainment all within walking distance of the subject property. The local apartment market in the city of Riverside remains strong, and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of employment opportunities, retail, transportation and educational amenities. The overall demand for well-located apartments will be a key driver in the continued growth in Riverside, California.
  1. Listed by Mark Bridge • DRE #01316702 • Brokerage DRE #01316702 • Mark Bridge, Broker • Mark.Bridge@cushwake.com

Property Details for 3881 5th Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4340
Assessor Parcel Number
213-103-009
LISTING CLOSED: 02/20/2024 12:00 AM

Property Details for 3881 5th Street

StatusClosed
MLS #OC23133911
Days on Market154
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeResidential Income
Year Built1938
Lot Size0.18 AC / 7,840 SF
CountyRiverside County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Mark Bridge, Broker, Mark Bridge, DRE #01316702

Sold By Coldwell Banker Alliance, Hannah Johnson, DRE #02163166

Add your commute

Building Information for 3881 5th Street

Stories2Residences-Year Built1938Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$8,878 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,450

Property Taxes

$1,428

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 3881 5th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $128,496
  • Gross Scheduled Income: $128,496
  • Vacancy Allowance: 3855
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $126,526
  • Net Operating Income: $94,751
  • Laundry Income: $600
  • Gross Multiplier: 11.63
  • Cap Rate: 6.34
  • Current Financing: None
  • Financing: Cash
Expense Details
  • Operating Expense: $31,775
  • New Taxes Expense: $15,989
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,200
  • Maintenance Expense: $5,000
  • Professional Management Expense: $0
  • Other Expense: $2,500
  • Other Expense Description: Misc
  • Trash Expense: $0
  • Water Sewer Expense: $4,886
  • Total Expenses: $31,775
Tax / Assessment Info
  • Tax Tract Number: 103
  • Tax Lot: 213
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Range, Microwave
  • Equipment: Community, Microwave
  • Interior Features: Ceiling Fan(s), Recessed Lighting
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Vinyl
  • Flooring: Vinyl
Exterior Features
  • Roof: Composition, Shingle
  • Entry Location: First
  • Fence: Yes
  • Fencing: Block
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Garage - 1 Car
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Garage - Single Door
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: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,888
  • Unit Type Total Rent: $7,550
  • Unit Type Pro Forma: 2095
  • 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: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number With Range: 6
  • Number With Disposal: 6
  • Number Wall AC: 6

Property History for 3881 5th Street

DateEvent & SourcePriceAppreciation
Feb 20, 2024

Sold

CRMLS #OC23133911

$1,495,000—
Feb 20, 2024

Sold

CLAW #OC23133911MR

$1,495,000—
Feb 6, 2024

Sold (Public Record)

Public Record #1527246478

$1,495,000

+9.3% / yr

DateEvent & SourcePrice
02/20/2024

Sold

CRMLS #OC23133911

$1,495,000
02/20/2024

Sold

CLAW #OC23133911MR

$1,495,000
02/06/2024

Sold (Public Record)

Public Record #1527246478

$1,495,000

+9.3% / yr

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

Public Records for 3881 5th Street

Taxable ValueLand$331,500Additions$1,193,400Total$1,524,900
Tax Record2025$17,136 ($1,428 / month)
Home Facts
Total Finished SqFt3,768 SqFtAbove Grade Finished SqFt3,768 SqFtStories1Lot Size7,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1938CountyRIVERSIDEAPN213-103-009

Schools near 3881 5th Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Bryant Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Riverside Virtual School
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

Nearby off-market homes

AddressSold priceBedsBathsSqftLot AC
3891 5th Street, Riverside, CA 92501
$335,000
3
1,170
0.09
3849 5th Street, Riverside, CA 92501
–
–
–
–
0.17
3867 5th Street, Riverside, CA 92501
$830,000
4
3
1,600
0.18
3454 Fairmount Boulevard, Riverside, CA 92501
–
–
2
1,476
0.09
3837 5th Street, Riverside, CA 92501
–
–
–
–
0.43

Explore Nearby 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 Mark Bridge, Broker, Mark Bridge, DRE #01316702

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.