$770,000
$825,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,103 SqFt
SOLD DATE : 11/21/2024
Key Details
Sold Price $770,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,103 sqft
Price per Sqft $366
MLS Listing ID IG24203293
Sold Date 11/21/24
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1924
Lot Size 7,405 Sqft
Property Description
This unique property presents an incredible opportunity with three homes on one lot, each featuring its own garage, private laundry hookups, backyard, parking space, and separate gas and electric meters, making utility payments straightforward for all residents. This versatile property is perfect for multigenerational living, allowing families to stay close while enjoying their independence—ideal for parents, adult children, and grandparents to live together yet separately, potentially saving on childcare and elder care expenses.Additionally, this property offers excellent income-generating potential: live in one home and rent out the other two to create a steady income stream and help offset your mortgage. All three homes can be rented out individually, ensuring that each tenant has control over their own utilities. For investors, this property is also perfect as a vacation rental, attracting large groups and families seeking private yet connected accommodations. Its prime location near four colleges, downtown Riverside, and within an hour's drive of Disneyland, Knott's Berry Farm, and multiple beaches makes it highly desirable for short-term stays. Moreover, the layout allows for a home office, creative studio, or workspace while still providing rental income from the other homes. With endless possibilities, this property is also suited for a group home, assisted living facility, or corporate housing, offering executives comfortable and private living arrangements. With such a wide range of options, this property caters to buyers looking for privacy, flexibility, and income potential. Don’t miss out on this amazing opportunity—book an appointment today to see how this unique property can enhance both your lifestyle and investment portfolio! Great Investment & possible value ad, with plenty of room to add an accessory dwelling unit.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R1065
Rooms
Main Level Bedrooms 3
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Gas Dryer Hookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Attached Garage No
Total Parking Spaces 3
Private Pool No
Building
Lot Description Back Yard, Front Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
Elementary Schools Bryant
Middle Schools Central
High Schools Polytechnic
School District Riverside Unified
Others
Senior Community No
Tax ID 215192008
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit, VA Loan, VA No Loan, VA No No Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit, VA Loan, VA No Loan, VA No No Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Ramy Salama • CONCIERGE REALTY GROUP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "