3985 Kansas Avenue
Riverside, CA 92507
Map
- – beds
- – baths
- – sqft
- 7,841 sqft lot
- 1946 build
- – on site
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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.
Last checked:
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Last updated Apr 10, 2025
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MLS# IV21064140 —
The Building
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Year Built:1946
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Year Built Source:Seller
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New Construction:No
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Building Area Total:2966.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:2
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Stories Total:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:3
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# of Separate Water Meters:2
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# of Separate Electric Meters:3
Interior
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Levels:One
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Flooring:Carpet, Laminate
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Room Type:All Bedrooms Down, Family Room, Kitchen
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Fireplace:No
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Fireplace:None
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Laundry:Inside
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Laundry:1
Location
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Directions:GPS
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Latitude:33.97400800
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Longitude:-117.35744700
The Property
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Subtype:Triplex
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Property Condition:Turnkey
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Zoning:R2
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Lot Features:Corner Lot, Lot 6500-9999
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Lot Size Area:7841.0000
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Lot Size Acres:0.1800
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Lot Size SqFt:7841.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:305.02
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Tax Tract:009
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Tax Lot:92
The Listing
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Special Listing Conditions:Standard
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Parcel Number:221024028
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Utilities
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Sewer:Sewer Paid
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Water Source:Public
Appliances
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Appliances:Dishwasher, Gas Range, Microwave, Water Heater
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Included:Yes
The Community
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Features:Biking, Curbs, Park, Sidewalks, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Unknown
Parking
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Parking:No
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Parking:None
Extra Units
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Number With Carpet:3
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Number With Disposal:3
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Number With Dishwasher:3
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Number With Refrigerator:3
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/11/21
Jun 11, 2021
|
CRMLS_CA | $720,000 | 0.0% | |
|
5/13/21
May 13, 2021
|
CRMLS_CA | $719,990 | ||
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4/27/21
Apr 27, 2021
|
CRMLS_CA | $719,990 | -8.7% |
