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11734 Carmine Street, Riverside, CA 92505
4
beds
4
baths
2624
ft2
· 4792
ft2 lot
$699,000
$266 / ft2
Listing provided courtesy of Cliff Pfeiffer, Seven Gables Real Estate.
Source CRMLS.
PRIME INVESTMENT OPPORTUNITY! This property offers a solid history of positive cashflow and increasing market value. Carmine Street is a highly attractive fourplex in northwest Riverside situated on an almost 4,900 sqft lot with four identical units, each with a spacious 1-bedroom and 1-bathroom floorplan. The location is highly desirable with walking distance to La Sierra University (2,300 students), restaurants, entertainment, recreation, and access to freeways. With interest rates still at all-time lows, below market rent, and low operating costs for this property, Carmine Street is a fantastic purchase for any investor looking for an immediate positive cashflow opportunity.
HOA
$0/month
On market
2 months
Year built
1947
Property type
Multi-Family
Parking
5
MLS
PW21023239
Price / Sq.Ft.
$266 / ft2
Status
Active
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Based on a price of $699,000
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Property Details
Interior Features & Layout
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Kitchen, Living Room
•   
Average1 Bed Area: 656
Appliances
•   
Appliances: Gas & Electric Range, Gas Cooktop, Gas Water Heater
•   
Has Appliances
Interior Features
•   
Interior Features: Balcony, Tile Counters
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Flooring
•   
Flooring: Carpet, Laminate
Interior Size
•   
Building Area Total: 2624.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Concrete
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 5.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Paved
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
View: Mountain(s), Neighborhood
•   
Fencing: Block, Chain Link, Fair Condition
•   
Accessibility: Parking
•   
Property Condition: Repairs Cosmetic
•   
Common Walls: 1 Common Wall
Building Info
•   
Building Area Units: Square Feet
•   
Roof: Composition
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Near Public Transit, Park Nearby, Yard
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1100
•   
Lot Size Area: 4792.0000
•   
Lot Size Units: Square Feet
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Available
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 4
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Buyer to Verify
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 39490.00
•   
Water Sewer Expense: 600.00
•   
Laundry Income: 0.00
•   
Licenses Expense: 250.00
•   
Pest Control Expense: 320.00
•   
Cap Rate: 5.68
•   
Fuel Expense: 600.00
•   
Trash Expense: 1440.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 1400.00
•   
Pool Expense: 0.00
•   
Total Expenses: 4610.00
•   
Gross Scheduled Income: 44100.00
•   
Operating Expense: 4610.00
Tax/Assessment Info
•   
Gross Income: 44100.00
•   
Tax Year: 2020
•   
Taxes: 4003.0
Lease Info
•   
Net Operating Income: 39490.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1000.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1000.00
Unit 2 Information
•   
Unit 2 Actual Rent: 975.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 975.00
Multi Unit Information
•   
Number Wall Ac: 4
•   
# Of Units: 4
•   
Number Of Units Leased: 4
•   
Number With Range: 4
•   
Price Per Unit: 174750
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 850.00
•   
Unit 1 Total Rent: 850.00
Unit 4 Information
•   
Unit 4 Actual Rent: 850.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 850.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Dog Park, Hiking, Mountainous
School Info
•   
Directions: 91 freeway, north on Pierce St., left on Sierra Vista Ave and left on Carmine St.
Other
Calculation
•   
Dom: 5
•   
Cdom: 5
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 15, 2021 7:43am
Neighborhood snapshot
40
Properties for sale
6.5
Median days on market
$286.25
Median sold price/sqft
101.95%
Sold/List %
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Property History
02/06/2021
02/06/2021
CRMLS #PW21023239
active
CRMLS #PW21023239
$699,000
+133.78%
04/10/2013
04/10/2013
Public Record
sold
Public Record
$299,000
+32.89%
05/25/2011
05/25/2011
Public Record
sold
Public Record
$225,000
--40.94%
03/01/2011
03/01/2011
Public Record
sold
Public Record
$380,980
+3.46%
09/06/2010
09/06/2010
Public Record
sold
Public Record
$368,227
+201.83%
See more property history
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