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Listed by DARREN CORREA • LE INVESTMENT GROUP
$ 1,140,000
Est. payment /mo
New
3717 Roosevelt Riverside, CA 92503
2,764 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,764 sqft
Price per Sqft $412
MLS Listing ID IV-25274666
Year Built 1966
Lot Size 9,148 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
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 an additional non-conforming 2-bed/1-bath unit, offering an attractive unit mix and strong income potential. Current rents remain 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
Area 252 - Riverside
Interior
Heating Wall Furnace
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Curbs, Street Lights, Suburban
Building
Lot Description Front Yard, Landscaped, 2-5 Units/Acre, Back Yard
Sewer Public Sewer