3981 Locust Street

Closed 7/17/09
Closed 7/17/09
Gallery Image 1
Last Sold Price
$222,500
2,370 sqft$94/sqft
3981 Locust St, Riverside, CA 92501

Description

Historical downtown Riverside. Well maintained Colonial Bungalow on tree lined street Units are large with large kitchens and Full Baths. Front unit is as large as most 1 bedrooms. Can be sold Separate or with 2963 Locust. 1 2 Car Gargage. ( 2 fourplexes for $458,000) Each fourplex is $229,000, 2 separate parcels. Walking Distance to shops, stores and downtown. Separate Gas amd Electric MetersHistorical downtown Riverside. Well maintained Colonial Bungalow on tree lined street Units are large with large kitchens and Full Baths. Front unit is as large as most 1 bedrooms. Can be sold Separate or with 2963 Locust. 1 2 Car Gargage. ( 2 fourplexes for $458,000) Each fourplex is $229,000, 2 separate parcels. Walking Distance to shops, stores and downtown. Separate Gas amd Electric Meters
LISTING CLOSED: 07/17/2009 12:00 AM

  1. Listed by Renee Whitman • DRE #982721 • First Team Real Estate
  2. Listed by Sharon Hance • DRE #1055191 • First Team Real Estate

Property Details for 3981 Locust Street

Status
Closed
MLS #
P689108
Days on Market
51
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1940
Lot Size
0.15 AC / 6,501 SF
County
Riverside County
Architectural Style
Bungalow, Colonial
Parking Spaces Total
5
Private Pool
No
Total Units
4.0
Lot Size Source
Assessor
Living Area
2370
Assessor Parcel Number
214-301-011
Average Studio Area
0
Average 1 Bed Area
0
Average 2 Bed Area
0
Average 3 Bed Area
0
Building Area Total
2370
Fireplace
No
Pool
No
Spa
No
View
No
View
No
Subdivision Name
OTHR
Subdivision Name Other
Other
Senior Community
No
Parcel Number
214301011
Area
Riverside (252)
Directions
West side of the 91, University West to Lt turn on Locust
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Location

Listing Courtesy of First Team Real Estate, Renee Whitman, DRE #982721; First Team Real Estate, Sharon Hance, DRE #1055191

Sold By Re/Max Premier Realty, Sholeh Fardanesh, DRE #01264921

Add your commute

Building Information for 3981 Locust Street

Stories1Residences-Year Built1940Building Size-Lot Size0.15 AC / 6,501 SF

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$1,403 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,131

Property Taxes

$272

HOA Dues

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Property Information for 3981 Locust Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $2,300
  • Gross Scheduled Income: $27,600
  • Gross Spendable Income: $0
  • Gross Equity: $0
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $24,396
  • Number Of Rented Garages: 0
  • Gross Multiplier: 8.3
  • Cap Rate: 10.65
  • Sold Cap Rate: 10.96
  • Financing: Cash
Expense Details
  • Operating Expense: $3,204
  • Operating Expense Percent: .00%
  • New Taxes Expense: $2,300
  • Gardener Expense: $360
  • Cable TV Expense: $0
  • Licenses Expense: $120
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,008
  • Maintenance Expense: $0
  • Maintenance Percent: .00%
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $1,740
  • Other Expense Description: 0
  • Trash Expense: $552
  • Water Sewer Expense: $540
  • Supplies Expense: $0
Tax / Assessment Info
  • Tax Area: 9000
  • Tax Rate: 0.0
  • Tax Year: 0
  • Tax Block: 9
  • Tax Tract: Other
  • Tax Tract Number: 0
  • Taxes Percent: .00%
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: No
  • Investment Property: No
Property / Structure Info
Interior Features
  • Laundry: No
Exterior Features
  • Construction Materials: Unknown
  • Exterior Construction: Other
  • Fence: No
Land/Lot Info
  • Lot Features: Treed Lot
  • Number Of Units: 4
  • Improvements Amount: $.00
  • Improvements Percent: .00%
  • Land Lease Amount: $0
  • Land Value: $.00
  • Land Value Percent: .00%
  • Levels: One
  • Water: District
  • Sewer: Sewer Paid
  • Utilities: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Code: Other
  • Building Name: 3981 Locust St
  • Personal Property Amount: $.00
  • Personal Property Percent: .00%
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $650
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $550
  • Unit Type Total Rent: $550
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $650
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $450
  • Unit Type Total Rent: $450
  • Unit Type Pro Forma: 0
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 0
  • Number With Refrigerator: 0
  • Number With Carpet: 0
  • Number With Disposal: 0
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 0

Property History for 3981 Locust Street

DateEvent & SourcePriceAppreciation
Jul 17, 2009

Sold

CRMLS #CC223943

$222,500—
Jul 17, 2009

Sold

CLAW #P689108MR

$222,500—
Jul 17, 2009

Sold

CRMLS #P689108

$222,500—
DateEvent & SourcePrice
07/17/2009

Sold

CRMLS #CC223943

$222,500
07/17/2009

Sold

CLAW #P689108MR

$222,500
07/17/2009

Sold

CRMLS #P689108

$222,500

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

Public Records for 3981 Locust Street

Taxable ValueLand$85,569Additions$207,359Total$292,928
Tax Record2025$3,267 ($272 / month)
Home Facts
Total Finished SqFt2,268 SqFtAbove Grade Finished SqFt2,268 SqFtStories1Lot Size6,534 SqFtStyleQuadraplexYear Built1908Year Renovated1908ZoningR1065CountyRIVERSIDEAPN214-301-011

Schools near 3981 Locust 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3981 Locust Street, Riverside, CA 92501
$222,500
–
–
2,370
6,501
3995 Locust Street, Riverside, CA 92501
–
4
2
1,804
6,970
3963 Locust Street, Riverside, CA 92501
$222,500
–
–
2,370
6,477
4239 Tenth Street, Riverside, CA 92501
–
2
1
990
3,049
3941 Locust Street, Riverside, CA 92501
–
3
2
1,622
6,970
4245 Tenth Street, Riverside, CA 92501
$160,000
2
2
1,006
7,841

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 First Team Real Estate, Renee Whitman, DRE #982721; First Team Real Estate, Sharon Hance, DRE #1055191

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.