3876 Locust Street

Riverside, CA 92501

$899,000
Price
3
Beds
2,196 Sq. Ft.
$409 / Sq. Ft.
2,196
Sq. Ft.
$409
per Sq. Ft.

Description

GREAT Rental Opportunity in Riverside's Downtown District. 3-Plex with 3 separate units in a single two-story building. One unit upstairs and two downstairs. Each unit is one bedroom and one bath with separate entrances. Each unit has a kitchen, dining and living room area. Well maintained property, including new exterior paint in 2020, and new windows and exterior doors installed in 2018. Two separate garages which are currently rented to tenants for storage. New Long driveway installed in 2023;...GREAT Rental Opportunity in Riverside's Downtown District. 3-Plex with 3 separate units in a single two-story building. One unit upstairs and two downstairs. Each unit is one bedroom and one bath with separate entrances. Each unit has a kitchen, dining and living room area. Well maintained property, including new exterior paint in 2020, and new windows and exterior doors installed in 2018. Two separate garages which are currently rented to tenants for storage. New Long driveway installed in 2023; plenty of parking. All units with renovations within the last 4 years.
  1. Listed by TIMOTHY DAY • DRE #01338658 • Brokerage DRE #01338658 • DAY REALTY GROUP • 909-908-0696

Property Details for 3876 Locust Street

Parking Spaces Total
2
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Building Type
Attached
Lot Size Source
Appraiser
Living Area
2196
Assessor Parcel Number
214-292-017

Location

Listing Courtesy of DAY REALTY GROUP, TIMOTHY DAY, DRE #01338658
Add your commute
LISTING UPDATED: 05/18/2024 07:21 AM

Property Details for 3876 Locust Street

StatusActive
MLS #IV24093167
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1909
Lot Size0.16 AC / 6,970 SF
CountyRiverside County

Location

Listing Courtesy of DAY REALTY GROUP, TIMOTHY DAY, DRE #01338658
Add your commute

Building Information for 3876 Locust Street

Stories2Residences-Year Built1909Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$5,357 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,906

Property Taxes

$451

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3876 Locust Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $67,740
  • Gross Scheduled Income: $67,740
  • Net Operating Income: $62,740
  • Other Income Description: Income is based upon Pro Forma
Expense Details
  • Operating Expense: $5,000
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $500
  • Total Expenses: $500
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: 11
  • Tax Census Tract: 302.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,995
  • Unit Type Total Rent: $1,995
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Range: 1
  • Number With Refrigerator: 0
  • Number With Disposal: 3
  • Number With Patio: 2
  • Number Wall AC: 6

Property History for 3876 Locust 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 3876 Locust Street

Taxable ValueLand$96,714Additions$238,942Total$335,656
Tax Record2023$5,408 ($451 / month)
Home Facts
Baths3Total Finished SqFt1,486 SqFtAbove Grade Finished SqFt1,486 SqFtStories2Lot Size6,969 SqFtStyleMulti-Family Dwelling (2-4)Year Built1909ZoningR1065CountyRIVERSIDEAPN214-292-017Fireplace TypeHas Fireplace

Schools near 3876 Locust 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
Bryant Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Riverside Virtual
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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3876 Locust Street is a multi-family home for sale in Riverside, CA 92501. This property was listed for sale on May 8, 2024 by DAY REALTY GROUP, it's currently listed at $899,000. It has been on the market for a total of 12 days and was last sold on July 10, 2015. This listing's school district is Riverside Unified School District. Nearby schools include Bryant Elementary School, Central Middle School and Polytechnic High School. 3876 Locust Street is a 3-bed, 0-bath, 2,196 sqft multi-family home built in 1909.

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 DAY REALTY GROUP, TIMOTHY DAY, DRE #01338658

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.