3561 Russell Street

Riverside, CA 92501

$575,000
Price
2
Beds
2
Baths
1,101 Sq. Ft.
$522 / Sq. Ft.
1,101
Sq. Ft.
$522
per Sq. Ft.

Description

Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside. Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors! Prime Location: Located in an OPPORUNITY...Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside. Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors! Prime Location: Located in an OPPORUNITY ZONE! (buyer to verify) Conveniently situated near downtown Riverside, enjoy proximity to local amenities, entertainment, and cultural attractions. Short distance of Historic Mission Inn and The Riverside Art Museum. Stroll down Main Street, eat at one of many restaurants, visit the shops and vendors and enjoy the Festival of Lights attraction. Buyer is to do all due diligence on all matters including, but not limited to, property size, lot size, permit history, zoning, permitted and non-permitted use, school assignments, property condition, metering information and anything effecting the desirability of the property to the Buyer. Fixer-Upper: Unleash your creativity and vision with this duplex that is ready for a makeover. Customize the space to your liking and add significant value. ADU Potential: Take advantage of the expansive lot and explore the option of constructing possibly more than one ADU. Perfect for extra rental income, extended family, or a home office. Property has: 2 gas meters; 1 electric meter; 1 water meter. Investment Opportunity: Ideal for those looking to invest in a property with substantial potential. Unlock value through renovations and additional 2+ ADU dwelling possibilities! Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build. Pro Forma rent is an estimate only (buyer to perform their own research). Buyer to to perform their own research and investigation regarding the subject property and the area. Per city of Riverside, property is zone R1-7000 SFR - Buyer to verify. Please NO BLIND OFFERS.
  1. Listed by VINCE DEL NEGRO • DRE #00976149 • Brokerage DRE #01333814 • RE/MAX CHAMPIONS • 909-224-5091

Property Details for 3561 Russell Street

View
None
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1101

Location

Listing Courtesy of RE/MAX CHAMPIONS, VINCE DEL NEGRO, DRE #00976149
Add your commute
LISTING UPDATED: 04/18/2024 10:32 AM

Property Details for 3561 Russell Street

StatusActive
MLS #CV24008044
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.25 AC / 10,890 SF
CountyRiverside County

Location

Listing Courtesy of RE/MAX CHAMPIONS, VINCE DEL NEGRO, DRE #00976149
Add your commute

Building Information for 3561 Russell Street

Stories1Residences-Year Built1949Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$3,350 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3561 Russell Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Gross Equity: $575,000
  • Net Operating Income: $0
  • Current Financing: None
Expense Details
  • Operating Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: Rusora
  • CFD/Mello-Roos Fee: $83
  • Tax Lot: 3
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Entry Location: 1
  • Property Condition: Fixer, Repairs Major
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Direction Faces: Southwest
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 0

Property History for 3561 Russell 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 3561 Russell Street

Taxable ValueLand$62,628Additions$167,041Total$229,669
Tax Record2023$2,539 ($212 / month)
Home Facts
Baths2Total Finished SqFt1,101 SqFtAbove Grade Finished SqFt1,101 SqFtStories1Lot Size10,890 SqFtStyleMulti-Family Dwelling (2-4)Year Built1949ZoningR2CountyRIVERSIDEAPN209-080-003Fireplace TypeHas Fireplace

Schools near 3561 Russell 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
Fremont 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.

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3561 Russell Street is a multi-family home for sale in Riverside, CA 92501. This property was listed for sale on January 15, 2024 by RE/MAX CHAMPIONS, it's currently listed at $575,000. This listing's school district is Riverside Unified School District. Nearby schools include Fremont Elementary School, Central Middle School and Polytechnic High School. 3561 Russell Street is a 2-bed, 2-bath, 1,101 sqft multi-family home built in 1949.

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 RE/MAX CHAMPIONS, VINCE DEL NEGRO, DRE #00976149

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.