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3881 5th Street
Riverside, CA 92501
Sold
3881 5th Street is located in the heart & robust rental market of Downtown Riverside, California. Built in 1930 and updated in 2022 & 2023. The property consists of 4,340 rentable square feet and is comprised of a unit mix of two 2 Bed / 1 Bath, two 1 Bed + Den / 1 Bath and two 1 Bed / 1 bath units. The property is situated on a 0.18- acre lot and includes 4 private garages with street parking also available. The property is separately metered for gas and electric with a community laundry room. The current ownership has renovated all the interiors including a new block wall and gates. Each unit was tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting and ceiling fans throughout. The “heavy lifting” is complete and should appeal to an investor looking for a bite size, turnkey property located in Downtown Riverside surrounded by tremendous job opportunity within walking distance for the tenants to choose from. Riverside is in the county seat of Riverside County; California and it is the most populous in the county. The United States Census Bureau estimated its 2019 population at 325,000, making Riverside the 12th most-populous city in California. Riverside is in Southern California, adjacent to the 60, 91 & 215 freeways and 38 miles to Disneyland, 69 miles to LAX Airport and 54 miles to Palm Springs . Founded in 1883, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2020. Downtown Riverside is a very densely populated area consisting of Luxury Hotel, Office, Retail, restaurants and entertainment all within walking distance of the subject property. The local apartment market in the city of Riverside remains strong, and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of employment opportunities, retail, transportation and educational amenities. The overall demand for well-located apartments will be a key driver in the continued growth in Riverside, California.
PROPERTY INFORMATION
| MLS # | OC23133911 | Lot Size | 7,841 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,495,000
Price Per SqFt: $ 344 |
DOM | 638 Days |
| Address | 3881 5th Street | Type | Residential Income |
| City | Riverside | Sq.Ft. | 4,340 Sq. Ft. |
| Postal Code | 92501 | Garage | 4 |
| County | Riverside | Year Built | 1938 |
| Bed / Bath | 3 / 0 | Parking | 4 |
| Built In | 1938 | Status | Closed |
| Sold Date | 2024-02-20 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Gas Range, Microwave |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Vinyl |
| InteriorFeatures Information | Ceiling Fan(s), Recessed Lighting |
| EntryLocation | First |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Roof | Composition, Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,595
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/20/2024 | Sold | $1,495,000 |
| 01/17/2024 | Pending | $1,495,000 |
| 10/13/2023 | Price Change | $1,595,000 (-5.90%) |
| 08/02/2023 | Listed | $1,695,000 |
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(844)-333-8033
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Listing provided courtesy of Mark Bridge, Mark Bridge, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
