Sold
Last Sold Price
4 beds2 baths1,749 sqft$386/sqft
575 Prospect Ave, Riverside, CA 92507
Multi FamilyProperty Type
6,098 sq ftLot Size
1942Year Built
$386/sq ftPrice per sq ft
2 carsParking Spaces

Description

This well-maintained Riverside duplex offers a great investment opportunity with two separate units – one featuring 2 bedroom and 1 bath, and the other offering 2 bedrooms and 1 bath. Each unit has its own private backyard, providing plenty of outdoor space. The property includes a long driveway for parking, street parking, and a detached 2-car garage with potential to convert into an ADU for additional income. Centrally located near major freeways and just minutes from UCR, this duplex is ideal...This well-maintained Riverside duplex offers a great investment opportunity with two separate units – one featuring 2 bedroom and 1 bath, and the other offering 2 bedrooms and 1 bath. Each unit has its own private backyard, providing plenty of outdoor space. The property includes a long driveway for parking, street parking, and a detached 2-car garage with potential to convert into an ADU for additional income. Centrally located near major freeways and just minutes from UCR, this duplex is ideal for homeowners seeking rental income or investors looking to capitalize on the prime location.
  • Listed by: Julio Arana Cortes DRE #01950166 Brokerage DRE #01896421 • Realty One Group West jarealestateteam@gmail.com
Listing closed: 12/31/2024 12:00 AM • Source: CRMLS, MLS#: PW24218337

Recent comparable sales

Median sold price

$650,000

Avg days on market

45

Sale-to-list ratio

97.0%

Riverside, CA

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Location

Listing Courtesy of Realty One Group West, Julio Arana Cortes, DRE #01950166

Sold By Circle Real Estate, Daniel Fabian Perez, DRE #02070003

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Principal and Interest

$3,431

Property Taxes

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Property Information for 575 Prospect Avenue

Property Details
  • MLS Type: Residential Income
  • View: Mountain(s)
  • Parking Spaces Total: 2
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 2.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 1749
  • Assessor Parcel Number: 247-160-033
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 1749
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Entry Level: 1
  • Fireplace: Yes
  • Pool: No
  • Spa: No
  • View: Yes
  • View: Yes
  • Zoning: R-1
  • Senior Community: No
  • Parcel Number: 247160033
  • Area: Riverside (252)
  • Directions: Off prospect
Building Information
  • Stories: 1
  • Year Built: 1942
  • Lot Size: 0.14 AC / 6,098 SF
Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $60,000
  • Gross Scheduled Income: $60,000
  • Net Operating Income: $56,000
Expense Details
  • Operating Expense: $400
  • Fuel Expense: $50
  • Electric Expense: $50
  • Insurance Expense: $50
  • Trash Expense: $20
  • Water Sewer Expense: $20
  • Total Expenses: $190
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 423.00
  • CFD/Mello-Roos Fee: $143
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Room
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: Patio
  • Fireplace Rooms: Patio
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Laminate, Tile
  • Flooring: Laminate, Tile
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Septic Type Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $20,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • 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 Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 575 Prospect Avenue

DateEvent & SourcePriceAppreciation
Dec 31, 2024

Sold

CRMLS #PW24218337

$675,000
Dec 31, 2024

Sold

SDMLS #PW24218337

$675,000
Dec 31, 2024

Sold

CLAW #PW24218337MR

DateEvent & SourcePrice
12/31/2024

Sold

CRMLS #PW24218337

$675,000
12/31/2024

Sold

SDMLS #PW24218337

$675,000
12/31/2024

Sold

CLAW #PW24218337MR

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

Public Records for 575 Prospect Avenue

Taxable ValueLand$206,552Additions$481,947Total$688,499
Tax Record2025$7,633 ($636 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,618 SqFtAbove Grade Finished SqFt1,618 SqFtStories1Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1942Year Renovated1955ZoningR1CountyRIVERSIDEAPN247-160-033

Schools near 575 Prospect Avenue

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
Charter - K to 6
Rating
School
Distance
Highgrove Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

REACH Leadership STEAM Academy
CharterK to 6

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: 575 Prospect Avenue, Riverside, CA 92507
$675,000
4
2
1,749
6,098
$190,000
2
911
6,098
$89,000
2
934
6,098
$479,000
2
799
6,098
$212,000
5
1,906
8,277
$340,000
3
1,150
20,038

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 One Group West, Julio Arana Cortes, DRE #01950166

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.