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1196 Fountain Street, Riverside, CA 92507
8
beds
4
baths
3540
ft2
· 8276
ft2 lot
$869,000
$245 / ft2
Listing provided courtesy of ARTHUR DRESCH, ARTHUR DRESCH REALTY.
Source CRMLS.
This is an excellent opportunity for the right investor. It's a very excellent location is perfectly situated near the 215 & 60 FWY. The property consists of a very attractive unit mix with 4 2Bedroom + 1Bathroom units perched behind a satisfactory 4-unit carport. Nestled off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. Just 3 miles from the University of California of Riverside, this is a highly desirable rental area. This is an extremely rare investment that features amazing upside potential with all units individually metered for electricity and gas. Great additional parking in the front of the building. The property is located 3 miles from the University of California Riverside (UCR) while also only less than a mile from the Grand Terrace High School. The property is strategically situated between Downtown Riverside & the upcoming city of Grand Terrace. Right off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. The property does have a septic tank system. Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. The buyer is advised to independently verify the accuracy of all information and condition of the property through personal inspection and with appropriate professionals. All 4 of the units have been remodeled.
HOA
$0/month
On market
5 months
Year built
1964
Property type
Multi-Family
Parking
4
MLS
CV20238131
Price / Sq.Ft.
$245 / ft2
Status
Active
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Based on a price of $869,000
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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
Interior Size
•   
Building Area Total: 3540.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Detached Carport
•   
Garage Spaces: 0.00
•   
Carport Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: R-2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 2-5 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1900
•   
Lot Size Area: 8276.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Shared Septic
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 70.00
•   
Total Actual Rent: 3854.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 123.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 193.00
•   
Gross Scheduled Income: 0.00
•   
Operating Expense: 0.00
Tax/Assessment Info
•   
Gross Income: 4854.00
•   
Tax Year: 2020
•   
Taxes: 7766.0
Lease Info
•   
Net Operating Income: 0.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Partially
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 0.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 0.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
Number With Refrigerator: 1
•   
# Of Units: 4
•   
Number Of Units Leased: 4
•   
Number With Range: 4
School Neighborhood & Directions
Location
•   
Community Features: Suburban
School Info
•   
Directions: 215 R. Center
Other
Calculation
•   
Dom: 155
•   
Cdom: 155
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 8:23am
Neighborhood snapshot
38
Properties for sale
6
Median days on market
$280.75
Median sold price/sqft
100.43%
Sold/List %
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Property History
04/15/2021
04/15/2021
CRMLS #CV20238131
active
CRMLS #CV20238131
$869,000
+4.71%
11/11/2020
11/11/2020
CRMLS #CV20238131
active
CRMLS #CV20238131
$829,888
+5.72%
03/06/2020
03/06/2020
CRMLS #CV20050720
active
CRMLS #CV20050720
$785,000
+14.60%
11/06/2019
11/06/2019
Public Record
sold
Public Record
$685,000
+16.10%
03/06/2018
03/06/2018
Public Record
sold
Public Record
$590,000
+34.09%
See more property history
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