Thank you
Eric Chen
CB RICHARD ELLIS
909-418-2000
Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W. 17th Street, San Bernardino and 27205 Main Street, Highland. We are proud to present an exceptional opportunity to acquire a well-maintained 3+1 unit property located at 3717 Roosevelt Street in Riverside. This ±2,764 SF building sits on a generous ±9,148 SF lot and is conveniently located near the intersection of Magnolia Avenue and Van Buren Boulevard. The property boasts a convenient location within walking distance of the Arlington Library and is within a close proximity to popular destinations like the Tyler Galleria Mall, Cal Baptist University and La Sierra University with easy access to the 91 Freeway, La Sierra Metrolink train station, Downtown Riverside, and a variety of shopping centers, restaurants, and retailers, all just a short distance away. Showcasing mature and lush landscaping, 3717 Roosevelt resides on a palm tree-lined street. The property features surface vehicle parking and ample street parking. Some units have been updated and feature kitchens with appliances, tile flooring throughout, wall air conditioning and heating, security screen doors, ceiling fans and private patios, porches and front and back yards. Neighboring cities include Corona, Norco, Woodcrest, Pedley, Jurupa Valley, Eastvale, Colton, San Bernardino and Moreno Valley. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3717 Roosevelt Street is an admirable Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
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Water Source : Public
Sewer : Public Sewer
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1966
Building Area Total: 2,764
None
Washer Hookup,Gas Dryer Hookup
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.21
Lot Size Source: Assessor
Lot Size Square Feet: 9148
Original List Price: 950,000
Listing Contract Date: 2024-03-20
Listing Agreement: Exclusive Right To Sell
Parcel Number: 234112013
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 252 - Riverside
Postal Code Plus 4: 4240
Directions: Merge onto CA-91 E, Exit Van Buren Blvd, Turn Left onto Indiana Ave, Turn Left onto Primrose Drive, Turn Right onto Roosevelt Street
Zoning: R3
Source Property Type: Residential Income
Area: 252 - Riverside
Property SubType: Apartment
Property Age: 58
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Levels or Stories: One,Two
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Martin, Riverside, CA,92503 | $39,900 | -- | -- | -- | 7841 Sqft |
Via Tuscany, Riverside, CA,92503 | $149,000 | -- | -- | -- | 16553 Sqft |
14277 Harvey Lane, Riverside, CA,92503 | $635,000 | 3 | 2 | 1,654 | 8276 Sqft |
14465 Rock Place, Riverside, CA,92503 | $230,000 | -- | -- | -- | 8276 Sqft |
14189 Harvey, Riverside, CA,92503 | $130,000 | -- | -- | -- | 16552 Sqft |
Martin, Riverside, CA,92503 | $55,000 | -- | -- | -- | 8712 Sqft |
13119 Via Tuscany, Riverside, CA,92503 | $830,000 | 4 | 1 | 2,200 | 8276 Sqft |
17970 Rutherford Drive, Riverside, CA,92503 | $818,417 | 5 | 3 | 2,792 | 5400 Sqft |
13019 High Valley Drive, Riverside, CA,92503 | $826,918 | 4 | 2 | 2,792 | 6699 Sqft |
10227 Gramercy Place, Riverside, CA,92503 | $680,000 | 3 | 2 | 1,484 | 13068 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 22:52
MLS: CV24055922
LISTED BY: ERIC CHEN, CB RICHARD ELLIS
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.