Multifamily

$719,890

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3985 Kansas Avenue

  • – beds
  • – baths
  • – sqft
  • 7,841 sqft lot
  • 1946 build
  • on site

Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus 4th bedroom) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100.00 P/M; the 2nd unit with 2be/1ba can rent for $1,450.00 & the 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity. BUYER TO ASSUME TENANTS. Seller recently signed a one year lease until April 2022 which is when rents can be increase again.

CRMLS_CA logo Listing courtesy of CRMLS_CA / MICHAEL NUGENT / REALTY MASTERS & ASSOCIATES

Last checked: Checking… • Last updated May 14, 2021 •

MLS# IV21064140 —

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

Amenities & Taxes

The Building

Year Built:
1946
Year Built Source:
Seller
New Construction:
No
Common Walls:
1 Common Wall
Building Area Total:
2966.00
Building Area Units:
Square Feet
Number Of Buildings:
2
Total Number Of Units:
3
Stories Total:
1
Number Of Separate Gas Meters:
3
Number Of Separate Water Meters:
2
Number Of Separate Electric Meters:
3

Interior

Levels:
One
Flooring:
Carpet, Laminate
Room Type:
All Bedrooms Down, Family Room, Kitchen
Fireplace:
No
Fireplace:
None
Laundry:
Inside
Laundry:
1

Location

Directions:
GPS
Latitude:
33.97400800
Longitude:
-117.35744700

The Property

Property Condition:
Turnkey
Sub Type:
Triplex
Zoning:
R2
Lot Features:
Corner Lot, Lot 6500-9999
Lot Size Area:
7841.0000
Lot Size Acres:
0.1800
Lot Size Square Feet:
7841.00
Lot Size Source:
Assessor
Property Attached:
1
Additional Parcels:
No
Land Lease:
No

Listing Agent

Contact info:

Taxes

Tax Census Tract:
305.02
Tax Tract:
009
Tax Lot:
92

The Listing

Buyer's Brokerage Compensation:
2.000%
Virtual Tour
Virtual Tour:
Virtual Tour
Special Listing Conditions:
Standard
Virtual Tour:
Virtual Tour
Buyer's Brokerage Compensation:
$2
Parcel Number:
221024028

Heating & Cooling

Heating:
1
Heating:
Wall Furnace

Utilities

Sewer:
Sewer Paid
Water Source:
Public

Appliances

Appliances:
Dishwasher, Gas Range, Microwave, Water Heater
Included:
Yes

The Community

Senior Community:
No
Features:
Biking, Curbs, Park, Sidewalks, Street Lights
Pool:
None
Private Pool:
No
Association:
No
Assessments:
Unknown

Parking

Parking:
No
Parking:
None

Extra Units

Number With Carpet:
3
Number With Disposal:
3
Number With Dishwasher:
3
Number With Refrigerator:
3

Schools

Rating Details

Poly High School

  • Public
  • 9-12
  • 1.6 mi

Castle View Elementary School

  • Public
  • K-8
  • 2.6 mi

Gage Middle School

  • Public
  • 6-8
  • 2.6 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

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

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Sale history

Date Event Source Price % Change
5/13/21
Pending CRMLS_CA $719,890
5/5/21
Price Changed CRMLS_CA $719,890 -0.0%
4/27/21
Price Changed CRMLS_CA $719,990 -8.7%

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