Welcome to Riverside's hidden gem! This remarkable 5-unit rental income property presents an incredible opportunity for investors seeking a profitable venture in a thriving community. Situated in a prime location, this property offers the best of both worlds: tranquility and convenience. Nestled in the heart of Riverside, residents will enjoy easy access to a wide array of amenities, including shopping centers, restaurants, parks, and entertainment options. The property's strategic location ensures excellent rental demand and consistent cash flow. Investors will appreciate the potential for steady income and long-term growth, making this an attractive addition to any investment portfolio. Don't miss this exceptional opportunity to own a lucrative 5-unit rental income property in Riverside!
Sold for $1,120,000 on 09/01/23
Listing Provided by:
Jesse Tinajero DRE #02128655 951-522-1347,
Century 21 Union Realty
Bought with: Century 21 Union Realty
$1,120,000
8342 Cypress Ave, Riverside, CA 92503
11beds
5baths
3,652sqft
Mixed Use
Built in 1945
-- sqft lot
$1,239,600 Zestimate®
$307/sqft
$2,089 Estimated rent
Home value
$1,239,600
$1.14M - $1.36M
$2,089/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 04, 2023 at 06:54pm
Listing Provided by:
Jesse Tinajero DRE #02128655 951-522-1347,
Century 21 Union Realty
Bought with:
Jesse Tinajero, DRE #02128655
Century 21 Union Realty
Source: CRMLS,MLS#: SB23103801
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer, Washer
- Laundry: Laundry Room
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,652
- Total interior livable area: 3,652 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned
- Garage spaces: 8
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 0.47 Acres
- Features: 2-5 Units/Acre, Corner Lot
Details
- Parcel number: 151111016
- Special conditions: Standard
- Horse amenities: Riding Trail
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Hiking, Horse Trails, Mountainous, Park, Suburban
Location
- Region: Riverside
HOA & financial
Other financial information
- Total actual rent: 7200
Other
Other facts
- Listing terms: Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2023 | Sold | $1,120,000$307/sqft |
Source:  CRMLS #SB23103801 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Arlanza
Nearby schools
GreatSchools rating
- 3/10Arlanza Elementary SchoolGrades: K-5Distance: 0.3 mi
- 2/10Wells Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Norte Vista High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$1,239,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,239,600