Riverside, CA 92501,4152 Locust ST
Riverside, CA 92501,4152 Locust ST
Riverside, CA 92501,4152 Locust ST
Riverside, CA 92501,4152 Locust ST
Riverside, CA 92501,4152 Locust ST
Riverside, CA 92501,4152 Locust ST
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$770,000

$825,000

6.7%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Benjamin Rubalcava • Re/Max Partners • 714-673-5181
Bought with Ramy Salama • CONCIERGE REALTY GROUP
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