Address
1196 Fountain Street Riverside, CA
Price
$ 869,000
Property Attributes
  • MLS#CV20238131
  • TypeIncome
  • CountyRIVERSIDE
  • CityRiverside
  • AreaRiverside
  • Zip92507
  • StyleQuadruplex
  • Price$ 869,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
ARTHUR DRESCH with ARTHUR DRESCH REALTY.
Data Source:
CRMLS
Property Description

This is an excellent opportunity for the right investor. It's a very excellent location is perfectly situated near the 215 & 60 FWY. The property consists of a very attractive unit mix with 4 2Bedroom + 1Bathroom units perched behind a satisfactory 4-unit carport. Nestled off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. Just 3 miles from the University of California of Riverside, this is a highly desirable rental area. This is an extremely rare investment that features amazing upside potential with all units individually metered for electricity and gas. Great additional parking in the front of the building. The property is located 3 miles from the University of California Riverside (UCR) while also only less than a mile from the Grand Terrace High School. The property is strategically situated between Downtown Riverside & the upcoming city of Grand Terrace. Right off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. The property does have a septic tank system. Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. The buyer is advised to independently verify the accuracy of all information and condition of the property through personal inspection and with appropriate professionals. All 4 of the units have been remodeled.

Price History
11/12/2020 Listed $829,888

General Features

Carport Spaces 4
Carport Y/N Yes
Community Features Suburban
Levels Two
MLS Area 252 - Riverside
Parking Features Detached Carport
Pool Features None
Property Attached Y/N Yes
Property SubType Quadruplex
Property Type Residential Income
Sewer Shared Septic
Terms Cash, Conventional, 1031 Exchange
Total Actual Rent 3854
Total Units 4
Water Sewer Expense 70
Zoning R-2

Interior Features

Common Walls 2+ Common Walls
Laundry Features None

Exterior Features

Lot Features 2-5 Units/Acre
Lot Size Acres 0.19
Lot Size Area 8276
Lot Size Source Assessor
Lot Size Square Feet 8276
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Total Parking 4
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92507

Price
AVG $830K
$870K
Visits
AVG 49
89
Year Built
AVG 1955
1964
Walkscore
AVG 65
52
Data Provided by Walkscore ® not using MLS data

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