Seller's Agent in 2024
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
1 in this area
50 Total Sales
3881 5th St Riverside, CA 92501
Downtown Riverside Neighborhood
3
Beds
2
Baths
4,340
Sq Ft
7,841
Sq Ft Lot
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Polytechnic High School Rated A-
- Recessed Lighting
- Ceiling Fan
About This Home
As of February 20243881 5th Street is located in the heart & robust rental market of Downtown Riverside, California. Built in 1930 and updated in 2022 & 2023. The
property consists of 4,340 rentable square feet and is comprised of a unit mix of two 2 Bed / 1 Bath, two 1 Bed + Den / 1 Bath and two 1 Bed / 1 bath units. The property is situated on a 0.18- acre lot and includes 4 private garages with street parking also available. The property is separately metered for gas and electric with a community laundry room. The current ownership has renovated all the interiors including a new block wall and gates. Each unit was tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting and ceiling fans throughout. The “heavy lifting” is complete and should appeal to an investor looking for a bite size, turnkey property located in Downtown Riverside surrounded by tremendous job opportunity within walking distance for the tenants to choose from.
Riverside is in the county seat of Riverside County; California and it is the most populous in the county. The United States Census Bureau estimated its 2019 population at 325,000, making Riverside the 12th most-populous city in California. Riverside is in Southern California, adjacent to the 60, 91 & 215 freeways and 38 miles to Disneyland, 69 miles to LAX Airport and 54 miles to Palm Springs . Founded in 1883, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2020. Downtown Riverside is a very densely populated area consisting of Luxury Hotel, Office, Retail, restaurants and entertainment all within walking distance of the subject property. The local apartment market in the city of Riverside remains strong, and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of employment opportunities, retail, transportation and educational amenities. The overall demand for well-located apartments will be a key driver in the continued growth in Riverside, California.
Last Agent to Sell the Property
Mark Bridge, Broker License #01316702 Listed on: 08/02/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices California Properties License #02163166
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1938
Lot Details
- 7,841 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Single Garage Door
- Assigned Parking
Home Design
- Property Attached
- Shingle Roof
- Composition Roof
Interior Spaces
- 4,340 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Recessed Lighting
- Vinyl Flooring
- Laundry Room
Kitchen
- Gas Range
- Microwave
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 213
- Tax Tract Number 103
- Assessor Parcel Number 213103009
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,200
- Maintenance Expense $5,000
- Other Expense $2,500
- Water Sewer Expense $4,886
- New Taxes Expense $15,989
- Operating Expense $31,775
- Gross Income $128,496
- Net Operating Income $94,751
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/20/2024 02/20/24 | Sold | $1,495,000 | 0.0% | $344 / Sq Ft |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- |
| 12/21/2023 12/21/23 | For Sale | $1,495,000 | 0.0% | $344 / Sq Ft |
| 12/07/2023 12/07/23 | Pending | -- | -- | -- |
| 11/22/2023 11/22/23 | Price Changed | $1,495,000 | -6.3% | $344 / Sq Ft |
| 10/13/2023 10/13/23 | Price Changed | $1,595,000 | -5.9% | $368 / Sq Ft |
| 08/02/2023 08/02/23 | For Sale | $1,695,000 | +35.1% | $391 / Sq Ft |
| 02/28/2022 02/28/22 | Sold | $1,255,000 | -5.3% | $289 / Sq Ft |
| 01/13/2022 01/13/22 | For Sale | $1,325,000 | +35.5% | $305 / Sq Ft |
| 08/19/2020 08/19/20 | Sold | $977,540 | -2.1% | $225 / Sq Ft |
| 05/29/2020 05/29/20 | Pending | -- | -- | -- |
| 03/17/2020 03/17/20 | For Sale | $999,000 | -- | $230 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mark Bridge
-
Hannah Johnson
Buyer's Agent in 2024
Hannah Johnson
Berkshire Hathaway HomeServices California Properties
(562) 237-4321
1 in this area
4 Total Sales
-
Randall Mycorn
Seller's Agent in 2022
Randall Mycorn
R L M Equities
(949) 862-1020
1 in this area
30 Total Sales
-
Seller's Agent in 2020
Tina Lai
eXp Realty of California Inc
(626) 823-7133
1 in this area
38 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,615 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23133911
APN: 213-151-012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 3881 5th St Unit 3
- 3881 5th St Unit 2
- 3881 5th St Unit 1
- 3881 5th St
- 3867 5th St Unit a
- 3867 5th St Unit B
- 3867 5th St
- 3865 5th St
- 3891 5th St
- 3454 Fairmount Blvd
- 3849 5th St
- 3448 Fairmount Blvd
- 3455 Fairmount Blvd
- 3909 5th St Unit 3
- 3909 5th St Unit 4
- 3909 5th St Unit 2
- 3909 5th St Unit 1
- 3909 5th St
- 3878 4th St
- 3894 4th St