8876 Cypress Avenue

Riverside, CA 92503

$800,000
Price
4
Beds
3
Baths
1,886 Sq. Ft.
$424 / Sq. Ft.
1,886
Sq. Ft.
$424
per Sq. Ft.

Description

Step into a world of opportunity with this fantastic triplex in the vibrant heart of Riverside, CA! Imagine the charm of cozy units with functional living spaces, practical kitchens, and sunlit rooms – all waiting for your personal touch. With convenient on-site parking and a delightful common outdoor area, this property is perfect for relaxation and entertaining. Located just moments from schools, parks, shopping, and dining, this triplex offers amazing rental income potential. It's the perfect...Step into a world of opportunity with this fantastic triplex in the vibrant heart of Riverside, CA! Imagine the charm of cozy units with functional living spaces, practical kitchens, and sunlit rooms – all waiting for your personal touch. With convenient on-site parking and a delightful common outdoor area, this property is perfect for relaxation and entertaining. Located just moments from schools, parks, shopping, and dining, this triplex offers amazing rental income potential. It's the perfect starter home for first-time buyers – live in one unit and watch your investment grow with income from the other two. Add a splash of TLC and a sprinkle of upgrades, and you’ll turn this gem into a dazzling investment! Whether you're an eager investor or a savvy buyer looking for a multi-family gem, this triplex is your golden ticket. Don’t let this opportunity slip away – schedule a viewing today and make your investment dreams come true!
  1. Listed by METIN ORUC • DRE #01913555 • Brokerage DRE #02007513 • RANTAX, INC. • 9097673319

Property Details for 8876 Cypress Avenue

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1886
Assessor Parcel Number
151-090-006
LISTING UPDATED: 09/05/2024 12:26 PM

Property Details for 8876 Cypress Avenue

StatusActive
MLS #IV24151116
Days on Market141
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.17 AC / 7,405 SF
CountyRiverside County

Building Information for 8876 Cypress Avenue

Stories1Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 8876 Cypress Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $55,200
  • Gross Scheduled Income: $55,200
  • Net Operating Income: $45,200
Expense Details
  • Operating Expense: $10,840
  • New Taxes Expense: $10,000
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $840
  • Supplies Expense: $0
  • Total Expenses: $10,840
Tax / Assessment Info
  • Tax Tract Number: 009...
  • Tax Census Tract: 411.01
  • CFD/Mello-Roos Fee: $81
  • Tax Lot: 340
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Roof: Common Roof
  • Entry Location: FRONT
  • Fence: Yes
  • Fence: Vinyl
  • Fencing: Vinyl
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Gravel
Unit Information
Unit 1
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1860
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 1205
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1972
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 0

Property History for 8876 Cypress 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 8876 Cypress Avenue

Taxable ValueLand$72,506Additions$407,163Total$479,669
Tax Record2024$5,906 ($492 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,176 SqFtAbove Grade Finished SqFt1,176 SqFtStories1Lot Size7,405 SqFtStyleSingle Family ResidenceYear Built1957ZoningC3CountyRIVERSIDEAPN151-090-006Fireplace TypeHas Fireplace

Schools near 8876 Cypress Avenue

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Arlanza Elementary School
PublicK to 5

Wells Middle School
Public6 to 8

Norte Vista High School
Public9 to 12

Summit Elementary
PublicK to 5

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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Similar Sold Homes

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8876 Cypress Avenue is a multi-family home for sale in Riverside, CA 92503. This property was listed for sale on July 25, 2024 by RANTAX, INC., it's currently listed at $800,000. It has been on the market for a total of 141 days and was last sold on May 25, 2018. This listing's school district is Alvord Unified School District. Nearby schools include Arlanza Elementary School, Wells Middle School and Norte Vista High School. 8876 Cypress Avenue is a 4-bed, 3-bath, 1,886 sqft multi-family home built in 1957.

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 RANTAX, INC., METIN ORUC, DRE #01913555

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.