3159 1st Street

Riverside, CA 92507

$1,500,000
Price
11
Beds
6
Baths
4,800 Sq. Ft.
$313 / Sq. Ft.
4,800
Sq. Ft.
$313
per Sq. Ft.

Description

6 units. One studio, one 1 bedroom, two 2 bedroom and two 3 bedroom units, good mix. Building has a solid roof, dual pane windows, newer exterior paint, some units have been updated as tenants move out and rents increasing.6 units. One studio, one 1 bedroom, two 2 bedroom and two 3 bedroom units, good mix. Building has a solid roof, dual pane windows, newer exterior paint, some units have been updated as tenants move out and rents increasing.
  1. Listed by Sean Brunske • DRE #01228051 • Brokerage DRE #01333814 • RE/MAX CHAMPIONS • 951-288-1762

Property Details for 3159 1st Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4800
Assessor Parcel Number
209-241-016
LISTING UPDATED: 11/19/2024 02:19 AM

Property Details for 3159 1st Street

StatusActive
MLS #CV24088109
Days on Market239
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
CountyRiverside County

Building Information for 3159 1st Street

Building/Complex3159 1st StFloor-Stories2Residences-Pet Policy-Year Built1965Building Size-

Property Information for 3159 1st Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Sewer
Income / Expense / Tax Details
Income Details
  • Gross Income: $9,440
  • Gross Scheduled Income: $113,280
  • Net Operating Income: $89,280
Expense Details
  • Operating Expense: $24,000
  • New Taxes Expense: $12,000
  • Fuel Expense: $0
  • Electric Expense: $3,600
  • Insurance Expense: $2,400
  • Professional Management Expense: $0
  • Trash Expense: $2,400
  • Water Sewer Expense: $3,600
  • Total Expenses: $24,000
Tax / Assessment Info
  • Tax Tract Number: 909
  • Tax Census Tract: 305.02
  • CFD/Mello-Roos Fee: $193
  • Tax Lot: 26
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,738
  • Unit Type Total Rent: $1,738
  • Unit Type Pro Forma: 1738
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 3159 1st 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 3159 1st Street

Taxable ValueLand$98,034Additions$532,239Total$630,273
Tax Record2024$7,090 ($591 / month)
Home Facts
Total Finished SqFt1,462 SqFtAbove Grade Finished SqFt1,462 SqFtStories2Lot Size8,276 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningM2CountyRIVERSIDEAPN209-241-016

Schools near 3159 1st 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
Longfellow Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North 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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3159 1st Street is a multi-family home for sale in Riverside, CA 92507. This property was listed for sale on May 2, 2024 by RE/MAX CHAMPIONS, it's currently listed at $1,500,000. It has been on the market for a total of 239 days and was last sold on September 30, 2003. This listing's school district is Riverside Unified School District. Nearby schools include Longfellow Elementary School, University Heights Middle School and John W. North High School. 3159 1st Street is a 11-bed, 6-bath, 4,800 sqft multi-family home built in 1965.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX CHAMPIONS, Sean Brunske, DRE #01228051

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.