3717 Roosevelt Street

3717 Roosevelt Street

Riverside, CA 92503

$950,000
Price
2
Beds
4
Baths
2,764 Sq. Ft.
$344 / Sq. Ft.
2,764
Sq. Ft.
$344
per Sq. Ft.
a front view of a house with a yard table and chairs
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a front view of a house with garden
a front view of a house with garden
a front view of a house with a yard and garage
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a front view of a house with garden
a front view of a house with a garden
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a front view of a house with garden

Description

Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W. 17th Street, San Bernardino and 27205 Main Street, Highland. We are proud to present an exceptional opportunity to acquire a well-maintained 3+1 unit property located at 3717 Roosevelt Street in Riverside. This ±2,764 SF building sits on a generous ±9,148 SF lot and is conveniently located near the intersection of Magnolia Avenue and Van Buren Boulevard. The property boasts a...Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W. 17th Street, San Bernardino and 27205 Main Street, Highland. We are proud to present an exceptional opportunity to acquire a well-maintained 3+1 unit property located at 3717 Roosevelt Street in Riverside. This ±2,764 SF building sits on a generous ±9,148 SF lot and is conveniently located near the intersection of Magnolia Avenue and Van Buren Boulevard. The property boasts a convenient location within walking distance of the Arlington Library and is within a close proximity to popular destinations like the Tyler Galleria Mall, Cal Baptist University and La Sierra University with easy access to the 91 Freeway, La Sierra Metrolink train station, Downtown Riverside, and a variety of shopping centers, restaurants, and retailers, all just a short distance away. Showcasing mature and lush landscaping, 3717 Roosevelt resides on a palm tree-lined street. The property features surface vehicle parking and ample street parking. Some units have been updated and feature kitchens with appliances, tile flooring throughout, wall air conditioning and heating, security screen doors, ceiling fans and private patios, porches and front and back yards. Neighboring cities include Corona, Norco, Woodcrest, Pedley, Jurupa Valley, Eastvale, Colton, San Bernardino and Moreno Valley. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3717 Roosevelt Street is an admirable Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 3717 Roosevelt Street

Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2764
Assessor Parcel Number
234-112-013

Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184
Add your commute
LISTING UPDATED: 03/29/2024 10:48 AM

Property Details for 3717 Roosevelt Street

StatusActive
MLS #CV24055922
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
CountyRiverside County

Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184
Add your commute

Building Information for 3717 Roosevelt Street

Building/Complex3717 Roosevelt StFloor-Stories2Residences-Pet Policy-Year Built1966Building Size-

Payment Calculator

$5,597 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$412

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3717 Roosevelt Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $74,880
  • Gross Scheduled Income: $74,880
  • Vacancy Allowance: 3744
  • Gross Operating Income: $71,136
  • Net Operating Income: $50,172
  • Gross Multiplier: 12.69
  • Cap Rate: 5.28
Expense Details
  • Operating Expense: $20,964
  • New Taxes Expense: $10,757
  • Gardener Expense: $840
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,444
  • Maintenance Expense: $2,845
  • Professional Management Expense: $3,557
  • Other Expense: $800
  • Other Expense Description: Reserves
  • Trash Expense: $0
  • Water Sewer Expense: $720
  • Total Expenses: $20,964
Tax / Assessment Info
  • Tax Block: 26
  • Tax Tract Number: 031601
  • Tax Census Tract: 316.01
  • CFD/Mello-Roos Fee: $144
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Landscaped
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • 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: $1,560
  • Unit Type Total Rent: $74,880
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 3717 Roosevelt 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 3717 Roosevelt Street

Taxable ValueLand$170,672Additions$261,698Total$432,370
Tax Record2023$4,949 ($412 / month)
Home Facts
Baths2Total Finished SqFt633 SqFtAbove Grade Finished SqFt633 SqFtStories1Lot Size9,147 SqFtStyleMulti-Family Dwelling (2-4)Year Built1966ZoningR3CountyRIVERSIDEAPN234-112-013Fireplace TypeHas Fireplace

Schools near 3717 Roosevelt Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Liberty Elementary School
Public - K to 6
Chemawa Middle School
Public - 7 to 8
Arlington High School
Public - 9 to 12
Summit View Independent Study School
Public - K to 12
Rating
School
Distance
Liberty Elementary School
PublicK to 6

Chemawa Middle School
Public7 to 8

Arlington High School
Public9 to 12

Summit View Independent Study 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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More information about 3717 Roosevelt Street, Riverside, CA 92503

3717 Roosevelt Street is a multi-family home for sale in Riverside, CA 92503. This property was listed for sale on March 20, 2024 by CB RICHARD ELLIS, it's currently listed at $950,000. It has been on the market for a total of 34 days and was last sold on September 10, 2015. This listing's school district is Riverside Unified School District. Nearby schools include Liberty Elementary School, Chemawa Middle School and Arlington High School. 3717 Roosevelt Street is a 2-bed, 4-bath, 2,764 sqft multi-family home built in 1966.

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 CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

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.