Thank you
Vince Del Negro
RE/MAX CHAMPIONS
909-949-0605
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.
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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 |
Water Source : Public
Sewer : Public Sewer
Interior Features: All Bedrooms Down
Fireplace: None
None
Air Conditioning
None
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 1949
Building Area Total: 1,101
None
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.25
Lot Size Source: Assessor
Lot Size Square Feet: 10890
Original List Price: 575,000
Listing Contract Date: 2024-01-15
Listing Agreement: Exclusive Right To Sell
Parcel Number: 209080003
Garage Description: Garage
Lease Term: Negotiable
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
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
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.