Listing Provided Courtesy Of:
Steve Doughty with Coldwell Banker Platinum Prop - 949-291-7851
Address
3909 Madison Street Riverside, CA
Price
$ 1,700,000
Property Attributes
  • MLS#OC22080287
  • TypeIncome
  • CountyRIVERSIDE
  • CityRiverside
  • AreaRiverside
  • Zip92504
  • Style
  • Price$ 1,700,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2500
  • Lot Size1.1 Acres
Listing Provided Courtesy Of:
Steve Doughty with Coldwell Banker Platinum Prop - 949-291-7851
Data Source:
California Regional MLS (CRMLS)
Property Description

We are pleased to present for sale 3909 Madison Street, a 47,916 SF lot with 4 separate homes. This is an ideal redevelopment project for a small home builder. The property is presently zoned R-1 7000, which allows for up to 6 homes to be built. During the entitlement and construction process the existing 4 homes will be generating a monthly income of approximately $5,500 per month. This property is conveniently located in Central Riverside, just north (0.70 miles) of the Riverside 91 Freeway and walking distance to Ramona High School.

Price History
4/22/2022 Listed $1,700,000

General Features

Co-Listing Agent State License # 01159920
Co-listing Agent Maryann Moore - BRE#01159920
Community Features Urban
Levels One
Listing Agent Steve Doughty - BRE#01502374
Listing Agent State License 01502374
Lot Size Square Feet 47916
MLS Area 252 - Riverside
Open Parking Spaces 4
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 1
Terms Conventional
Total Actual Rent 5425
Total Units 4
Water Sewer Expense 1450
Zoning R1

Interior Features

Common Walls No Common Walls
Laundry Features None

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 1.1
Lot Size Area 47916
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 2
Total Parking 4
Water Source Public

Amenities

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

Property vs Income Average in 92504

Price
AVG $1.7M
$1.7M
Visits
AVG 30
29
Year Built
AVG 1951
1951
Walkscore
AVG 62
62
Data Provided by Walkscore ® not using MLS data

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