• 3561 Russell St Riverside, CA 92501

  • $575,000
  • 0
    Bed(s)
  • 0
    Baths
  • 1,101
    Sq Ft
  • 10890
    Sqft
  • Listed By: VINCE DEL NEGRO, RE/MAX CHAMPIONS, DRE #00976149
  • Source: CRMLS

Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside. Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors! Prime Location: Located in an OPPORUNITY ZONE! (buyer to verify) Conveniently situated near downtown Riverside, enjoy proximity to local amenities, entertainment, and cultural attractions. Short distance of Historic Mission Inn and The Riverside Art Museum. Stroll down Main Street, eat at one of many restaurants, visit the shops and vendors and enjoy the Festival of Lights attraction. Buyer is to do all due diligence on all matters including, but not limited to, property size, lot size, permit history, zoning, permitted and non-permitted use, school assignments, property condition, metering information and anything effecting the desirability of the property to the Buyer. Fixer-Upper: Unleash your creativity and vision with this duplex that is ready for a makeover. Customize the space to your liking and add significant value. ADU Potential: Take advantage of the expansive lot and explore the option of constructing possibly more than one ADU. Perfect for extra rental income, extended family, or a home office. Property has: 2 gas meters; 1 electric meter; 1 water meter. Investment Opportunity: Ideal for those looking to invest in a property with substantial potential. Unlock value through renovations and additional 2+ ADU dwelling possibilities! Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build. Pro Forma rent is an estimate only (buyer to perform their own research). Buyer to to perform their own research and investigation regarding the subject property and the area. Per city of Riverside, property is zone R1-7000 SFR - Buyer to verify. Please NO BLIND OFFERS.

Property Type :

Residential Income

County :

Riverside

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1058179886 1 1 1 0
2 1058179886 1 1 0 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Interior Features: All Bedrooms Down

Fireplace: None

Cooling Features

None

Air Conditioning

Heating Source

None

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1949

Building Area Total: 1,101

Accessibility Features

None

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.25

Lot Size Source: Assessor

Lot Size Square Feet: 10890

Listing Price Information

Original List Price: 575,000

Listing Contract Date: 2024-01-15

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 209080003

Garage and Parking

Garage Description: Garage

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Pending

Source Neighborhood: 252 - Riverside

Postal Code Plus 4: 2252

Directions: 60 Freeway, Exit Main St, Russell St - Left

Zoning: R1-7000 (SFR)

Source Property Type: Residential Income

Area: 252 - Riverside

Property SubType: Duplex

Building and Construction

Property Age: 75

Common Walls: No Common Walls

Property Condition: Fixer,Repairs Major

Structure Type: Duplex

Year Built Source: Assessor

Entry Level: 1

Entry Location: 1

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4779 Tequesquite Avenue, Riverside, CA,92501 $6,750,000 -- -- -- 120226 Sqft
Beacon Way, Riverside, CA,92501 $359,950 -- -- -- 16998 Sqft
3806 Stansell Drive, Riverside, CA,92501 $597,900 4 2 1,643 11326 Sqft
3737 Shamrock Avenue, Riverside, CA,92501 $669,000 -- -- 1,634 8712 Sqft
4039 Angel Drive, Riverside, CA,92501 $624,990 4 3 2,054 2300 Sqft
1758 Karley Way, Riverside, CA,92501 $519,000 3 2 2,111 3485 Sqft
4557 Brandi Lane, Riverside, CA,92501 $660,000 4 2 2,504 3485 Sqft
4495 Mission Inn Avenue, Riverside, CA,92501 $889,000 5 2 3,000 9148 Sqft
1415 Rivera Street, Riverside, CA,92501 $599,999 3 2 1,574 7405 Sqft
3150 Lime Street, Riverside, CA,92501 $749,900 3 2 1,220 5663 Sqft

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ByOwner last updated this listing 05/02/2024 @ 13:50

MLS: CV24008044
LISTED BY: VINCE DEL NEGRO, RE/MAX CHAMPIONS
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.

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