Active
3561 Russell Street
Riverside CA, 92501
$649,000
$589.46 per sqft
Active
1,101 sqft
Multi-family
Built in 1949
Listed by Robert Esparza with Transunited Realty Group 7147157466
Duplex (2 Units) Near Downtown Riverside
Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU).
Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all.
ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUs--perfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter.
Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, there's plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research).
Important Buyer Information:
Zoned R1-7000 SFR, per the City of Riverside (buyer to verify)
Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering.
No blind offers, please.
This is a rare opportunity to invest in a growing area with plenty of potential!
PW24207635
MLSⓇ ID
October 17, 2024
Listed
October 17, 2024
Updated
Map
3561 Russell Street
Riverside CA, 92501
Interior Features
Total Stories
1
Interior Features
All Bedrooms Down
Laundry Description
Washer Hookup, Gas Dryer Hookup
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
2-5 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
252 - Riverside
Garage
Yes
Garage Spaces
2
Parking
Driveway, Garage, On Street
Parking Total
2
View
No
View Description
None
County
Riverside
Water Source
Public
Pool
No
Pool Features
None
Zoning
A1
Open House Schedule
Sat, Oct 19th
11:00 AM - 2:00 PM PDT
Listing Contact: 714-477-1812
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 10/17/2024 at 6:30 PM UTC