3459 Chestnut Street

Riverside, CA 92501

$842,000
Last Sold Price
8
Beds
7
Baths
4,300 Sq. Ft.
$196 / Sq. Ft.
4,300
Sq. Ft.
$196
per Sq. Ft.

Description

Awesome! Seven Unit Investment Property to be Sold AS- IS. Seven Unit Investment Property to be Sold AS- IS [ 1] 2 BEDROOM ONE BATH AND [6] 1 BEDROOM ONE BATH Property. The 7 Units Are centrally located in the Downtown Area , Close to 91 and 60 freeway. Shopping Centers and Public Transportation. All Units are individually Metered for Electric and Gas. Buyer Can Live in ONE Unit and Rent the other Six. Rents are Currently Below Market with Significant Upside in this Non Rent Control Area . Seller...Awesome! Seven Unit Investment Property to be Sold AS- IS. Seven Unit Investment Property to be Sold AS- IS [ 1] 2 BEDROOM ONE BATH AND [6] 1 BEDROOM ONE BATH Property. The 7 Units Are centrally located in the Downtown Area , Close to 91 and 60 freeway. Shopping Centers and Public Transportation. All Units are individually Metered for Electric and Gas. Buyer Can Live in ONE Unit and Rent the other Six. Rents are Currently Below Market with Significant Upside in this Non Rent Control Area . Seller May Credit Buyer up to $15,000 for Repairs
  1. Listed by John Dallah • DRE #00957086 • Brokerage DRE #01202603 • Dallah & Dallah Inc.

Property Details for 3459 Chestnut Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4300
Assessor Parcel Number
214-141-012

Location

Listing Courtesy of Dallah & Dallah Inc., John Dallah, DRE #00957086

Sold By Keller Williams Realty, Jagmeet Singh, DRE #01886951

Add your commute
LISTING UPDATED: 04/04/2019 01:12 AM

Property Details for 3459 Chestnut Street

StatusClosed
MLS #PW19059215
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
CountyRiverside County

Location

Listing Courtesy of Dallah & Dallah Inc., John Dallah, DRE #00957086

Sold By Keller Williams Realty, Jagmeet Singh, DRE #01886951

Add your commute

Building Information for 3459 Chestnut Street

Building/Complex3459 Chestnut StFloor-Stories-Residences-Pet Policy-Year Built1956Building Size-

Payment Calculator

$5,800 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,595

Property Taxes

$1,205

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3459 Chestnut Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $49,920
  • Gross Scheduled Income: $49,920
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $38,522
  • Financing: Cash
Expense Details
  • Operating Expense: $11,398
  • New Taxes Expense: $3,855
  • Fuel Expense: $0
  • Electric Expense: $355
  • Insurance Expense: $3,600
  • Professional Management Expense: $50
  • Trash Expense: $2,448
  • Water Sewer Expense: $1,140
  • Total Expenses: $11,398
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 303.00
  • Tax Lot: 10
Community / Development
Community / Development
  • Accessibility Features: 32 Inch Or More Wide Doors, Doors - Swing In, Parking
  • Disability Access: 32 inch or more wide doors, Doors - Swing In, Other Main Level Modifications
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Convection Oven, Gas Oven, Gas Cooktop, Gas Water Heater
  • Equipment: None
  • Interior Features: 2 Staircases, Attic Fan, Balcony, Block Walls, Ceiling Fan(s), Laminate Counters, Living Room Balcony
  • Room Type: Formal Entry, Kitchen, Living Room
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Bath, Family Room, Kitchen, Patio, Electric, Gas
  • Fireplace Rooms: Bath, Electric, Family Room, Gas, Kitchen, Patio
  • Cooling: Wall/Window Unit(s), Electric, Gas
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Wall Furnace, Natural Gas
  • Flooring: Carpet, Vinyl
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Front Yard, Lawn, Lot 6500-9999, Level, Park Nearby, Sprinklers In Front, Yard
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Meter on Property
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
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: 0
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $750
  • Unit Type Total Rent: $750
  • Unit Type Pro Forma: 800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $650
  • Unit Type Pro Forma: 800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $760
  • Unit Type Total Rent: $760
  • Unit Type Pro Forma: 800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $675
  • Unit Type Total Rent: $675
  • Unit Type Pro Forma: 800
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $500
  • Unit Type Total Rent: $500
  • Unit Type Pro Forma: 800
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $675
  • Unit Type Total Rent: $675
  • Unit Type Pro Forma: 800
  • Unit Type Type: 7
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 8

Property History for 3459 Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3459 Chestnut Street

Taxable ValueLand$208,080Additions$1,066,410Total$1,274,490
Tax Record2023$14,458 ($1,205 / month)
Home Facts
Total Finished SqFt3,982 SqFtAbove Grade Finished SqFt3,982 SqFtStories2Lot Size6,969 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningR3CountyRIVERSIDEAPN214-141-012

Schools near 3459 Chestnut 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
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

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dallah & Dallah Inc., John Dallah, DRE #00957086

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.