Multifamily

$615,000

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3587 Wallace Street

  • – beds
  • – baths
  • – sqft
  • 9,583 sqft lot
  • 1957 build
  • on site

Attention investors and first time home buyers!! Don't miss this great investment opportunity located near the 60/91 freeways, and just minutes away from Downtown Riverside. Live in one unit, rent the other 2 units...... or rent all 3 and enjoy the cash flow!!!! This one-of-a-kind property sits on a 9000+ sq ft lot with plenty of parking for up to 10 cars in the front. This triplex has been carefully maintained by the current owners, recent upgrades include, new roof, new paint, double-pane windows, new fence, tankless water heaters, updated kitchens, bathrooms, laminate floors, granite counter tops, and more. All three units are tenant occupied and actively paying rent. This will be a great addition to your portfolio, it's a must see!

CRMLS_CA logo Listing courtesy of CRMLS_CA / Princess Escoto / eXp Realty of California Inc

Last checked: Checking… • Last updated Apr 22, 2021 •

MLS# PW21068558 —

This property is listed in more than one place. See it here.

Amenities & Taxes

The Building

Year Built:
1957
Year Built Source:
Public Records
New Construction:
No
Construction Materials:
Frame, Stucco
Architectural Style:
Modern
Roof:
Shingle
Foundation:
Slab
Common Walls:
2+ Common Walls
Building Area Total:
1800.00
Building Area Units:
Square Feet
Number Of Buildings:
1
Total Number Of Units:
3
Stories Total:
1
Number Of Separate Gas Meters:
1
Number Of Separate Water Meters:
1
Number Of Separate Electric Meters:
3

Interior

Levels:
One
Window Features:
Double Pane Windows
Flooring:
Tile
Room Type:
All Bedrooms Down
Fireplace:
No
Fireplace:
None
Laundry:
Outside
Laundry:
1

Location

Directions:
Exit Rubidoux from 60 fwy to 34th st. Exit university from 91, right on Wallace
Latitude:
33.99666000
Longitude:
-117.39995200

The Property

Property Condition:
Turnkey
Sub Type:
Triplex
Zoning:
R-2
Lot Features:
2-5 Units/Acre, Corner Lot, Front Yard, Lot 6500-9999, Irregular Lot
Lot Size Area:
9583.0000
Lot Size Acres:
0.2200
Lot Size Square Feet:
9583.00
View:
None
Fencing:
Good Condition, Wood
Lot Size Source:
Assessor
Fence:
Yes
Property Attached:
1
Road Frontage:
City Street
Other Structures:
Shed(s)
Additional Parcels:
No
Land Lease:
No

Listing Agent

Contact info:

Taxes

Tax Census Tract:
402.04
Tax Lot:
18

The Listing

Buyer's Brokerage Compensation:
2.000%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2
Parcel Number:
179192018

Heating & Cooling

Heating:
None
Cooling:
Yes
Cooling:
Wall/Window Unit(s)

Utilities

Utilities:
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:
Public Sewer
Electric:
Standard
Water Source:
Public

Appliances

Appliances:
Disposal, Gas Range, Tankless Water Heater
Included:
Yes

The Community

Senior Community:
No
Features:
Suburban
Pool:
None
Private Pool:
No
Association:
No
Spa Features:
None
Assessments:
None

Parking

Parking:
Yes
Parking:
Unpaved
Parking Spaces:
10.00
Uncovered Spaces:
10.00

Extra Units

Average Studio Area:
600

Schools

Rating Details

Ina Arbuckle Elementary School

  • Public
  • K-8
  • 0.2 mi

Mission Middle School

  • Public
  • 6-8
  • 1.1 mi

Rubidoux High School

  • Public
  • 9-12
  • 1.5 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

  • FEMA Zone (est.):
  • Flood insurance:

Get an instant insurance quote

Flood likelihood over time

year probability
1y 3%
5y 15%
10y 25%
15y 34%
20y 42%
25y 49%
30y 55%

Because risk accumulates over time, this property has a 55% chance of flooding within the next 30 years.

Provided by Flood Factor™

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WalkScore®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Loud Moderate Quiet

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Sale history

Date Event Source Price % Change
4/22/21
Pending CRMLS_CA $615,000
4/16/21
Listed / Active CRMLS_CA $615,000 146.0% (34.1% / YR)
1/4/17
Sold CRMLS_CA $250,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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