575 Prospect Avenue

Riverside, CA 92507

$675,000
Price
4
Beds
2
Baths
1,749 Sq. Ft.
$386 / Sq. Ft.
1,749
Sq. Ft.
$386
per Sq. Ft.

Description

This well-maintained Riverside duplex offers a great investment opportunity with two separate units – one featuring 2 bedroom and 1 bath, and the other offering 2 bedrooms and 1 bath. Each unit has its own private backyard, providing plenty of outdoor space. The property includes a long driveway for parking, street parking, and a detached 2-car garage with potential to convert into an ADU for additional income. Centrally located near major freeways and just minutes from UCR, this duplex is ideal...This well-maintained Riverside duplex offers a great investment opportunity with two separate units – one featuring 2 bedroom and 1 bath, and the other offering 2 bedrooms and 1 bath. Each unit has its own private backyard, providing plenty of outdoor space. The property includes a long driveway for parking, street parking, and a detached 2-car garage with potential to convert into an ADU for additional income. Centrally located near major freeways and just minutes from UCR, this duplex is ideal for homeowners seeking rental income or investors looking to capitalize on the prime location.
  1. Listed by Julio Arana Cortes • DRE #01950166 • Brokerage DRE #01896421 • Realty One Group West • jarealestateteam@gmail.com

Property Details for 575 Prospect Avenue

View
Mountain(s)
Parking Spaces Total
2
Private Pool
No
Cooling Type
Wall/Window
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1749
LISTING UPDATED: 10/22/2024 12:50 AM

Property Details for 575 Prospect Avenue

StatusActive
MLS #PW24218337
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.14 AC / 6,098 SF
CountyRiverside County

Building Information for 575 Prospect Avenue

Stories1Residences-Year Built1942Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 575 Prospect Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $60,000
  • Gross Scheduled Income: $60,000
  • Net Operating Income: $56,000
Expense Details
  • Operating Expense: $400
  • Fuel Expense: $50
  • Electric Expense: $50
  • Insurance Expense: $50
  • Trash Expense: $20
  • Water Sewer Expense: $20
  • Total Expenses: $190
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 423.00
  • CFD/Mello-Roos Fee: $143
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Room
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: Patio
  • Fireplace Rooms: Patio
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate, Tile
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • 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: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $20,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • 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: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 575 Prospect Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 575 Prospect Avenue

Taxable ValueLand$104,040Additions$332,928Total$436,968
Tax Record2024$4,925 ($410 / month)
Home Facts
Beds1Baths1Total Finished SqFt882 SqFtAbove Grade Finished SqFt882 SqFtStories1Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1942Year Renovated1955ZoningR1CountyRIVERSIDEAPN247-160-033Fireplace TypeHas Fireplace

Schools near 575 Prospect Avenue

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 - 5 to 12
Rating
School
Distance
Highgrove Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

Riverside Stem Academy
Public5 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

575 Prospect Avenue is a multi-family home for sale in Riverside, CA 92507. This property was listed for sale on October 18, 2024 by Realty One Group West, it's currently listed at $675,000. It has been on the market for a total of 14 days and was last sold on October 27, 2021. This listing's school district is Riverside Unified School District. Nearby schools include Highgrove Elementary School, University Heights Middle School and John W. North High School. 575 Prospect Avenue is a 4-bed, 2-bath, 1,749 sqft multi-family home built in 1942.

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 Realty One Group West, Julio Arana Cortes, DRE #01950166

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.