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3561 Russell Street

Riverside, CA 92501

$649,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1949

calendar_month Built

Property Description

Duplex (2 Units) Near Downtown Riverside Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all. ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUs—perfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter. Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, there’s plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research). Important Buyer Information: Zoned R1-7000 SFR, per the City of Riverside (buyer to verify) Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering. No blind offers, please. This is a rare opportunity to invest in a growing area with plenty of potential!

Listing Information

List Price $649,000
Status Active
MLS PW24207635
HOA $0
Type Residential Income
Subtype Duplex
Year Built 1949
Lot Size 10,890
Structure Size N/A
DOM 2
Courtesy Of Transunited Realty Group
Listing Agent Robert Esparza DRE#01890136

Interior Features

Laundry Information
Location(s) Washer Hookup, Gas Dryer Hookup
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

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$1,495/month

king_bed 1
shower 1
straighten 400
straighten 7,841
3448 Russell Street,

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Image

$850,000

king_bed N/A
straighten N/A
straighten 20,474
2350 Main Street,

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king_bed 2
shower 1
straighten 932
straighten 11,761
2493 Northbend Street,

Riverside, CA 92501
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$1,479,000

king_bed N/A
shower N/A
straighten N/A
straighten 12,600
2798 Main Street,

Riverside, CA 92501
Image

$2,500,000

king_bed N/A
shower N/A
straighten N/A
straighten 39,431
2822 Main Street,

Riverside, CA 92501

Listing information courtesy of: Robert Esparza, Transunited Realty Group 7147157466. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 19th, 2024 at 9:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.