3872 Taft Street

Riverside, CA 92503

$879,000
Last Sold Price
2
Beds
4
Baths
2,691 Sq. Ft.
$327 / Sq. Ft.
2,691
Sq. Ft.
$327
per Sq. Ft.

Description

3872 Taft Street is a 4-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. 3872 Taft Street consists entirely of two-bedroom units and offers amenities including security doors, uncovered parking, and on-site laundry. 3872 Taft Street has an excellent Riverside location, surrounded by some of the city's top shopping destinations. The property is within a 1-mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million...3872 Taft Street is a 4-unit multifamily investment property located in Riverside, a premier rental market in the Inland Empire. 3872 Taft Street consists entirely of two-bedroom units and offers amenities including security doors, uncovered parking, and on-site laundry. 3872 Taft Street has an excellent Riverside location, surrounded by some of the city's top shopping destinations. The property is within a 1-mile radius of numerous shopping centers including the Galleria at Tyler, a 1.2 million square foot shopping mall, Michaels Plaza, Tyler Street Plaza, and Magnolia Plaza, providing residents with easy access to both local and national retailers. Additionally, the property is less than 1 mile away from California State Route 91, connecting residents to nearby employment hubs in Orange and Riverside Counties. Furthermore, Kaiser Permanente Medical Center Riverside, a 224-bed hospital and the 4th largest employer in the city, is located just over 1 mile away.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 3872 Taft Street

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2691
Assessor Parcel Number
145-301-019
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Otay Real Estate Company, Frank Ohrmund, DRE #01169441

Add your commute
LISTING UPDATED: 11/30/2021 05:34 AM

Property Details for 3872 Taft Street

StatusClosed
MLS #OC21169594
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.15 AC / 6,534 SF
CountyRiverside County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Otay Real Estate Company, Frank Ohrmund, DRE #01169441

Add your commute

Building Information for 3872 Taft Street

Stories2Residences-Year Built1976Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$5,641 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,797

Property Taxes

$844

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3872 Taft Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $45,888
  • Gross Scheduled Income: $45,360
  • Vacancy Allowance: 2268
  • Gross Operating Income: $43,620
  • Net Operating Income: $26,396
  • Other Income Description: Miscellaneous
  • Other Income 1: $528
  • Financing: Cash
Expense Details
  • Operating Expense: $17,224
  • New Taxes Expense: $9,829
  • Fuel Expense: $544
  • Electric Expense: $544
  • Insurance Expense: $1,042
  • Maintenance Expense: $2,000
  • Other Expense: $2,177
  • Other Expense Description: Misc
  • Trash Expense: $544
  • Water Sewer Expense: $544
  • Total Expenses: $17,224
Tax / Assessment Info
  • Tax Tract Number: 031602
  • Tax Census Tract: 316.02
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • 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: $3,780
  • Unit Type Total Rent: $3,780
  • Unit Type Pro Forma: 5800
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 3872 Taft 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 3872 Taft Street

Taxable ValueLand$182,580Additions$714,000Total$896,580
Tax Record2023$10,123 ($844 / month)
Home Facts
Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtStories2Lot Size6,534 SqFtStyleQuadraplexYear Built1976ZoningR3CountyRIVERSIDEAPN145-301-019

Schools near 3872 Taft 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
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.

Similar Homes

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Similar Sold 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 Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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.