3985 Kansas Ave

Riverside, CA 92507

$720,000
Last Sold Price
7
Beds
5
Baths
2,966 Sq. Ft.
$243 / Sq. Ft.
2,966
Sq. Ft.
$243
per Sq. Ft.
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Closed 6/11/21Virtual Tour
Closed 6/11/21Virtual Tour

Description

Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus 4th bedroom) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND...Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus 4th bedroom) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100.00 P/M; the 2nd unit with 2be/1ba can rent for $1,450.00 & the 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity. Buyer to assume tenants. Seller recently signed a one year lease until April 2022 which is when rents can be increase again.
  1. Listed by MICHAEL NUGENT • DRE #01329276 • Brokerage DRE #01927637 • REALTY MASTERS & ASSOCIATES

Property Details for 3985 Kansas Avenue

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2966
LISTING CLOSED: 06/11/2021 12:00 AM

Property Details for 3985 Kansas Avenue

StatusClosed
MLS #IV21064140
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeTownhouse
MLS TypeResidential Income
Year Built1946
Lot Size0.18 AC / 7,841 SF
CountyRiverside County
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Location

Listing Courtesy of REALTY MASTERS & ASSOCIATES, MICHAEL NUGENT, DRE #01329276

Sold By VIP Real Estate Firm, Elvira Hernandez, DRE #01189581

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Building Information for 3985 Kansas Avenue

Stories1Residences-Year Built1946Building Size-Lot Size0.18 AC / 7,841 SF

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$4,314 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,588

Property Taxes

$726

HOA Dues

$0

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Property Information for 3985 Kansas Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Current Financing: Conventional
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 009
  • Tax Census Tract: 305.02
  • Tax Lot: 92
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Microwave, Water Heater
  • Equipment: Dishwasher, Inside, Microwave
  • Room Type: All Bedrooms Down, Family Room, Kitchen
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 7
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Location: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Central Air
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Heat Equipment: Floor Furnace
  • Flooring Type: Carpet, Laminate
  • Flooring: Carpet, Laminate
  • Virtual Tour URL Branded: https://my.matterport.com/show/?m=6r7ZesE4Cen&mls=1
  • Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=f3CxerFN8Eg&mls=1
Exterior Features
  • Structure Type: Triplex
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Paid
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Carpet: 3
  • Number With Disposal: 3

Property History for 3985 Kansas Avenue

DateEvent & SourcePriceAppreciation
Jun 11, 2021

Sold

CRMLS #IV21064140

$720,000—
Jun 11, 2021

Sold

CLAW #IV21068811MR

$720,000—
Jun 11, 2021

Sold

CLAW #IV21064140MR

$720,000—
DateEvent & SourcePrice
06/11/2021

Sold

CRMLS #IV21064140

$720,000
06/11/2021

Sold

CLAW #IV21068811MR

$720,000
06/11/2021

Sold

CLAW #IV21064140MR

$720,000

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

Public Records for 3985 Kansas Avenue

Taxable ValueLand$194,837Additions$584,513Total$779,350
Tax Record2025$8,713 ($726 / month)
Home Facts
Beds4Baths1Total Finished SqFt1,283 SqFtAbove Grade Finished SqFt1,283 SqFtStories1Lot Size7,840 SqFtStyleSingle Family ResidenceYear Built1908Year Renovated2000ZoningR2CountyRIVERSIDEAPN221-024-028Fireplace TypeHas Fireplace

Schools near 3985 Kansas Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Castle View Elementary School
Public - K to 6
Matthew Gage Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Abraham Lincoln Continuation School
Public - 9 to 12
Rating
School
Distance
Castle View Elementary School
PublicK to 6

Matthew Gage Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Abraham Lincoln Continuation School
Public9 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 REALTY MASTERS & ASSOCIATES, MICHAEL NUGENT, DRE #01329276

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.