4152 Locust Street Riverside, CA 92501
Listing Courtesy of: CRMLS / Re/Max Partners / Benjamin Rubalcava - Contact:  714-673-5181

  4152 Locust Street Riverside, CA 92501

Active (21 Days)
$825,000
3
BED
3
BATH
2,103
SQFT

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.

MLS #:
IG24203293
Lot Size
7,405 SQFT
Type
Multifamily
Year Built
1924
Views
Neighborhood
School District
Riverside Unified
County
Riverside County

Listed By

Benjamin Rubalcava, Re/Max Partners, Contact: 714-673-5181
Source
CRMLS
Last checked Oct 22 2024 at 6:34 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Laundry: Gas Dryer Hookup
Lot Information
  • Front Yard
  • Back Yard
Heating and Cooling
  • Central
  • Wall/Window Unit(s)
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
School Information
  • Elementary School: Bryant
  • Middle School: Central
  • High School: Polytechnic
Stories
  • 1
Living Area
  • 2,103 sqft
Additional Information: Re/Max Partners | 714-673-5181
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.