Bought with Ramy Salama • CONCIERGE REALTY GROUP
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4152 Locust Street Riverside, CA 92501
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Key Details
Sold Price $770,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,103 sqft
Price per Sqft $366
MLS Listing ID CRIG24203293
Sold Date 11/21/24
Bedrooms 3
Full Baths 3
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1924
Lot Size 7,405 Sqft
Property Description
This unique property presents an incredible opportunity with three homes on one lot, each featuring its own garage, private laundry hookups, backyard, parking space, and separate gas and electric meters, making utility payments straightforward for all residents. This versatile property is perfect for multigenerational living, allowing families to stay close while enjoying their independence—ideal for parents, adult children, and grandparents to live together yet separately, potentially saving on childcare and elder care expenses.Additionally, this property offers excellent income-generating potential: live in one home and rent out the other two to create a steady income stream and help offset your mortgage. All three homes can be rented out individually, ensuring that each tenant has control over their own utilities. For investors, this property is also perfect as a vacation rental, attracting large groups and families seeking private yet connected accommodations. Its prime location near four colleges, downtown Riverside, and within an hour's drive of Disneyland, Knott's Berry Farm, and multiple beaches makes it highly desirable for short-term stays. Moreover, the layout allows for a home office, creative studio, or workspace while still providing rental income from the other h
Location
State CA
County Riverside
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Gas Dryer Hookup
Exterior
Garage Spaces 3.0
Pool None
View Other
Private Pool false
Building
Lot Description Street Light(s)
Story 1
Water Public
Schools
School District Riverside Unified
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