8876 Cypress Ave Riverside, CA 92503
Arlanza NeighborhoodEstimated payment $4,484/month
Highlights
- Open Floorplan
- No HOA
- Living Room
- Property is near a park
- Cooling System Mounted To A Wall/Window
- Laundry Room
About This Home
Opportunity knocks with this multi-unit property in the heart of Riverside! Currently configured as three units, this property offers excellent potential for investors or owner-occupants alike. Front Unit (A): 1 bedroom, 1 full bath, open floor plan with laminate flooring, and ceiling fan. Unit B: A mirror image of Unit A, also featuring 1 bedroom, 1 full bath, and similar upgrades. Unit C: The largest of the three, offering 2 bedrooms, 1 full bath, and a private enclosed backyard. Additional highlights include individual washer and dryer hookups for each unit, on-site parking and a prime location within walking distance to schools, parks, shops, restaurants, and public transportation. This property presents a fantastic opportunity for a first-time or seasoned investor—live in one unit and rent out the other two for income potential.
Listing Agent
Coldwell Banker Realty Brokerage Phone: 626-786-3752 License #01272108 Listed on: 08/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,906
Year Built
- Built in 1957
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Vinyl Fence
- Back Yard
Home Design
- Triplex
- Entry on the 1st floor
- Shingle Roof
- Composition Roof
Interior Spaces
- 1,886 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Living Room
- Laminate Flooring
Kitchen
- Free-Standing Range
- Range Hood
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Parking Available
- Gravel Driveway
Location
- Property is near a park
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Zoned Cooling
- Wall Furnace
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 340
- Tax Tract Number 9
- Assessor Parcel Number 151090006
- $81 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Water Sewer Expense $840
- New Taxes Expense $10,000
- Operating Expense $10,840
- Gross Income $58,800
- Net Operating Income $47,960
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,906 | $489,262 | $73,956 | $415,306 |
| 2023 | $5,906 | $470,265 | $71,085 | $399,180 |
| 2022 | $5,466 | $461,045 | $69,692 | $391,353 |
| 2021 | $5,376 | $452,006 | $68,326 | $383,680 |
| 2020 | $5,290 | $447,372 | $67,626 | $379,746 |
| 2019 | $5,221 | $438,600 | $66,300 | $372,300 |
| 2018 | $1,896 | $153,140 | $68,061 | $85,079 |
| 2017 | $1,862 | $150,138 | $66,727 | $83,411 |
| 2016 | $1,833 | $147,195 | $65,419 | $81,776 |
| 2015 | $1,806 | $144,987 | $64,438 | $80,549 |
| 2014 | $1,812 | $142,149 | $63,177 | $78,972 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/16/2025 08/16/25 | For Sale | $750,000 | 0.0% | $398 / Sq Ft | |
| 04/15/2025 04/15/25 | Rented | $1,500 | 0.0% | -- | |
| 04/07/2025 04/07/25 | Under Contract | -- | -- | -- | |
| 04/01/2025 04/01/25 | Off Market | $1,500 | -- | -- | |
| 03/12/2025 03/12/25 | For Rent | $1,500 | 0.0% | -- | |
| 05/25/2018 05/25/18 | Sold | $430,000 | -6.5% | $228 / Sq Ft | View Prior Sale |
| 04/09/2018 04/09/18 | Price Changed | $459,999 | -2.1% | $244 / Sq Ft | |
| 02/27/2018 02/27/18 | For Sale | $469,999 | -- | $249 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Grant Deed | $430,000 | Western Resources Title Comp | |
| Grant Deed | $135,000 | Orange Coast Title Company | |
| Grant Deed | $385,000 | Itc Sb | |
| Interfamily Deed Transfer | -- | American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $260,000 | New Conventional | |
| Previous Owner | $308,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25185428
APN: 151-090-006
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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
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