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    5894 Crest Avenue , E

    Riverside, CA 92503
    • $930,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: OC21173544
    UPDATED: 30 min ago
    $930,000
    • 0
      BEDS
    • 0.65
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    Built in 1966, the subject property consists of five single-story units on a large 28,314 sq. ft. lot. Each unit of the property is separately metered for electricity/gas and has a privately fenced yard. The property also boasts a diverse unit-mix of three two-bedroom/one-bathroom units, one one bedroom/ one-bathroom unit and one studio unit. New owners of the property can look to add value through a redevelopment of the parcel, development of an additional dwelling unit, or a thorough rehab of the interior/exterior of the existing units as there is an approximate 15-20% upside in market rents with the propertys current configuration. Occupants of the property can enjoy being centrally located to the Riverside Airport, Galleria at Tyler Shopping Mall, and the 91, 15, and 60 freeways.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/120177063
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    5894 Crest Avenue , E Riverside, CA 92503

    • Price: $930,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: OC21173544
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.65
    Acres
    1966
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    Built in 1966, the subject property consists of five single-story units on a large 28,314 sq. ft. lot. Each unit of the property is separately metered for electricity/gas and has a privately fenced yard. The property also boasts a diverse unit-mix of three two-bedroom/one-bathroom units, one one bedroom/ one-bathroom unit and one studio unit. New owners of the property can look to add value through a redevelopment of the parcel, development of an additional dwelling unit, or a thorough rehab of the interior/exterior of the existing units as there is an approximate 15-20% upside in market rents with the propertys current configuration. Occupants of the property can enjoy being centrally located to the Riverside Airport, Galleria at Tyler Shopping Mall, and the 91, 15, and 60 freeways.
    Exterior Features

    Number Of Separate Electric Meters 5 Parking Features Concrete Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall Heating None Heating YN No

    Property Features

    Additional Parcels YN No Cap Rate 5.57 Common Interest None Community Features Sidewalks Contingency Seller May Elect To Make This Sale Part Of A 1031 Tax Deferred Exchange At No Cost Or Delay To Buyer. Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 71340 Gross Scheduled Income 72120 Insurance Expense 1974 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 51768 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 18188 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 55320 Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 2400 Water Source Public Zoning R1rl

    Listing provided courtesy of Ari Gharib of Lfa Multifamily Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T14:34:15.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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    Riverside CA, 92508