3717 Roosevelt, Riverside, CA 92503
- $1,100,000
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- IV26090701
- Year Built
- 1966
- Lot Size
- 9,148
- Acres
- 0.21
- Lot Location
- 2-5 Units/Acre, Back Yard, Front Yard, Yard
- Days on Market
- 91
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
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 and additional non-conforming 2-bed / 1-bath unit, offering an attractive unit mix and strong income potential. Current rents remain slightly 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.
Additional Information
- Pool Description
- None
- Heat
- Central
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $83,520
- Operating Expense
- 20653
Listing courtesy of Listing Agent: DARREN CORREA (darren.correa@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
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