27
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$1,100,000
Est. payment /mo
8 Beds
4 Baths
9,148 Sqft Lot
Active Under Contract
3717 Roosevelt Riverside, CA 92503
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID IV26090701
Bedrooms 8
Lot Size 9,148 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
3717 Roosevelt Street presents a well-located 3+1 multifamily opportunity in one of Riverside's most stable residential corridors. The property consists of three 2-bed / 1-bath units plus and additional non-conforming 2-bed / 1-bath unit, offering an attractive unit mix and strong income potential. Current rents remain slightly below market, providing a clear path to upside through standard turnover and light interior improvements, with pro forma gross income projected at $100,800 annually. Operating costs are lean, and the 1960s construction profile supports efficient, predictable management with minimal deferred maintenance concerns. Positioned near major employment centers, retail hubs, and key transportation routes, the asset delivers a compelling blend of stability, cash-flow growth, and long-term appreciation-making it an ideal acquisition for investors seeking well-located, manageable multifamily in the heart of Riverside.
Location
State CA
County Riverside
Zoning Public Rec
Direction From the 91 Freeway, exit Madison St and head south. Turn right on Indiana Ave, then left on Roosevelt St. Property is on the ri
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 234112013
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by DARREN CORREA, DRE#02066621 LE INVESTMENT GROUP
NEARBY SCHOOL & BUSINESS
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