3520 Crestmore Road

Jurupa Valley, CA 92509

$2,050,000
Price
8
Beds
10
Baths
6,702 Sq. Ft.
$306 / Sq. Ft.
6,702
Sq. Ft.
$306
per Sq. Ft.

Description

We are proud to exclusively present a unique 8-unit + 1-non-conforming-unit multifamily investment opportunity located at 3520 Crestmore Road in Jurupa Valley, CA. Situated just west of the thriving Downtown Riverside, this property benefits from its strategic position north of Mission Avenue and west of the Santa Ana River, as well as its proximity to major freeways (60, 91 and 215). 3520 Crestmore Road offer investors a rare chance to acquire a large, oversized lot comprised of individual bungalow...We are proud to exclusively present a unique 8-unit + 1-non-conforming-unit multifamily investment opportunity located at 3520 Crestmore Road in Jurupa Valley, CA. Situated just west of the thriving Downtown Riverside, this property benefits from its strategic position north of Mission Avenue and west of the Santa Ana River, as well as its proximity to major freeways (60, 91 and 215). 3520 Crestmore Road offer investors a rare chance to acquire a large, oversized lot comprised of individual bungalow style houses within in a well sought-after neighborhood. 3520 Crestmore Road consist of ±6,702 rental square feet with an additional 1,200 non-conforming rental square feet on a ±78,408 square foot lot. The property features low-maintenance landscaping, tenant-paid-for utilities, professional management, ample off-street parking, mountain views, and an oversized lot with the potential ability to add Accessory Dwelling Units (buyer to verify with city). Individual units feature a private detached garages (in select units), individual storage units (in select units), in-unit washers and dryers, air conditioning and heating, and private fenced in yards. Riverside’s strategic location within Southern California positions it as a compelling destination for working professionals. The city’s convenient access to major freeways like the 60, 91, and 215 offers seamless connectivity to Riverside County, San Bernardino County, Los Angeles County, and beyond. This prime location, coupled with a dynamic community, draws a diverse talent pool. Top employers in the healthcare, manufacturing, retail, education and government industries, contribute to Riverside’s thriving economy. The city’s cost of living, while competitive with other Southern California areas, makes it an attractive option for working-class professionals seeking a balance between affordability and quality of life. Residents also enjoy easy access to a variety of cultural attractions within a 20-mile radius. These include the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the convenient Downtown Metrolink Station, the iconic Riverside Fox Theatre, Riverside City College, and the prestigious University of California, Riverside. This combination of career opportunities, cultural amenities, and a strategic location makes Riverside a highly sought-after place to live and work.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 3520 Crestmore Road

View
Mountain(s)
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6702
LISTING UPDATED: 12/19/2024 07:17 AM

Property Details for 3520 Crestmore Road

StatusActive
MLS #CV24251686
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
CountyRiverside

Building Information for 3520 Crestmore Road

Building/Complex3520 Crestmore RdFloor-Stories1Residences-Pet Policy-Year Built1947Building Size-

Property Information for 3520 Crestmore Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $177,120
  • Gross Scheduled Income: $177,120
  • Vacancy Allowance: 8856
  • Gross Operating Income: $168,264
  • Net Operating Income: $113,607
  • Gross Multiplier: 11.57
  • Cap Rate: 5.54
Expense Details
  • Operating Expense: $54,657
  • New Taxes Expense: $22,998
  • Gardener Expense: $1,680
  • Fuel Expense: $117
  • Pest Control Expense: $750
  • Electric Expense: $118
  • Insurance Expense: $6,000
  • Maintenance Expense: $10,096
  • Professional Management Expense: $8,413
  • Other Expense: $2,000
  • Other Expense Description: Reserves
  • Trash Expense: $484
  • Water Sewer Expense: $484
  • Supplies Expense: $1,470
  • Total Expenses: $54,657
Tax / Assessment Info
  • Tax Tract Number: 040201
  • Tax Census Tract: 402.01
  • CFD/Mello-Roos Fee: $604
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central, Wall
  • Heating: Central, Wall Furnace
  • Flooring: Tile, Vinyl
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,572
  • Unit Type Total Rent: $94,320
  • Unit Type Pro Forma: 1860
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,703
  • Unit Type Total Rent: $61,320
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,790
  • Unit Type Total Rent: $21,480
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 8
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 7

Property History for 3520 Crestmore Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3520 Crestmore Road

Taxable ValueLand$546,622Additions$409,964Total$956,586
Tax Record2024$10,928 ($911 / month)
Home Facts
Total Finished SqFt1,632 SqFtAbove Grade Finished SqFt1,632 SqFtStories1Lot Size78,408 SqFtStyleMulti-Family Res (5+ Units)Year Built1916ZoningR1CountyRIVERSIDEAPN179-320-045

Schools near 3520 Crestmore Road

This home is within Jurupa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Ina Arbuckle Elementary School
PublicK to 6

Mission Middle School
Public7 to 8

Rubidoux High School
Public9 to 12

Steps Community Day School
Public7 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.

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3520 Crestmore Road is a multi-family home for sale in Jurupa Valley, CA 92509. This property was listed for sale on December 19, 2024 by CB RICHARD ELLIS, it's currently listed at $2,050,000. It has been on the market for a total of 1 days and was last sold on February 7, 2005. This listing's school district is Jurupa Unified School District. Nearby schools include Ina Arbuckle Elementary School, Mission Middle School and Rubidoux High School. 3520 Crestmore Road is a 8-bed, 10-bath, 6,702 sqft multi-family home built in 1947.

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 CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

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.