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Listed by DARREN CORREA • LE INVESTMENT GROUP
$ 1,140,000
Est. payment | /mo
9,148 Sqft Lot
$ 1,140,000
Est. payment | /mo
9,148 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV25274666
Year Built 1966
Lot Size 9,148 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Cooling Window / Wall Unit
Laundry Gas Hookup, 30
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 234112013
Special Listing Condition Not Applicable
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