
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