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3985 Kansas Avenue, Riverside, CA 92507
7
beds
5
baths
2966
ft2
· 7841
ft2 lot
$719,890
$243 / ft2
Listing provided courtesy of MICHAEL NUGENT, REALTY MASTERS & ASSOCIATES.
Source CRMLS.
Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus 4th bedroom) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100.00 P/M; the 2nd unit with 2be/1ba can rent for $1,450.00 & the 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity. BUYER TO ASSUME TENANTS. Seller recently signed a one year lease until April 2022 which is when rents can be increase again.
HOA
$0/month
On market
2 months
Year built
1946
Property type
Multi-Family
Parking
MLS
IV21064140
Price / Sq.Ft.
$243 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $719,890
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Appliances: Dishwasher, Gas Range, Microwave, Water Heater
•   
Has Appliances
•   
Laundry: 1
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: All Bedrooms Down, Family Room, Kitchen
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Flooring
•   
Flooring: Carpet, Laminate
Interior Size
•   
Building Area Total: 2966.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: R2
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Seller
Lot Info
•   
Lot Features: Corner Lot, Lot 6500-9999
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1800
•   
Lot Size Area: 7841.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 3
Property Features
•   
Property Condition: Turnkey
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 3
•   
Number Of Separate Gas Meters: 3
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Sewer Paid
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Total Actual Rent: 3300.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Total Expenses: 0.00
•   
Gross Scheduled Income: 0.00
•   
Operating Expense: 0.00
Tax/Assessment Info
•   
Gross Income: 0.00
•   
Tax Year: 2020
•   
Taxes: 2853.0
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: 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: 1000.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1000.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1300.00
•   
Unit 1 Total Rent: 1300.00
Multi Unit Information
•   
Number With Refrigerator: 3
•   
# Of Units: 3
•   
Number With Dishwasher: 3
•   
Number Of Units Leased: 3
•   
Number With Carpet: 3
•   
Number With Disposal: 3
•   
Number With Range: 3
School Neighborhood & Directions
Location
•   
Community Features: Biking, Curbs, Park, Sidewalks, Street Lights
School Info
•   
Directions: GPS
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Branded
Other
Calculation
•   
Dom: 42
•   
Cdom: 42
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 13, 2021 1:57pm
Neighborhood snapshot
52
Properties for sale
6
Median days on market
$284.02
Median sold price/sqft
100.83%
Sold/List %
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walk score® :
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bike score® :
Property History
05/05/2021
05/05/2021
CRMLS #IV21064140
active
CRMLS #IV21064140
$719,890
--0.01%
04/27/2021
04/27/2021
CRMLS #IV21068811
active
CRMLS #IV21068811
$719,990
--8.72%
04/02/2021
04/02/2021
CRMLS #IV21068811
active
CRMLS #IV21068811
$788,800
--0.01%
03/27/2021
03/27/2021
CRMLS #IV21064140
active
CRMLS #IV21064140
$788,880
--4.83%
03/26/2021
03/26/2021
CRMLS #IV21064140
active
CRMLS #IV21064140
$828,880
+276.76%
See more property history
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