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2944 6th St, Riverside, CA 92507
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2944 6th St Riverside, CA 92507

$630,000 Sold Price as of 03/26/2021
  • 12 Beds
  • 3 Baths
  • 3,600 Sq.Ft.
Sold
$630,000 Sold Price as of 03/26/2021 Refinance Your Mortgage
Map preview of 2944 6th St, Riverside, CA 92507

Property Overview: 2944 6th St Riverside, CA has 12 bedrooms, 3 bathrooms, 3,600 living square feet and 10,019 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON THE MARKET! A Great Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO). SRO dwelling and has a newer roof about 6 years old. This property offers 2 unit front house, a 2nd structure for storage and a 3rd larger Structure rear unit that houses 9 studio Dorm style bedrooms with a common kitchen. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house with kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or game room. Other bldg has 9 bunk/dorm style bedrooms with common bathroom and kitchen. Dorm #9 is much larger at rear with separate entry. These bunk studios share a Common bathroom and shower room with laundry sink and small Kitchen area. Dorm / Bunk units rented on average at $450-$500 each. Currently owner pays for all utilities except for the main house. Some Parking on driveway.

Listed by FERNANDO REZA | BRE #01451616 | KELLER WILLIAMS COVINA
Last checked: 12 minutes ago | Last updated: June 17th, 2022 | Source CRMLS | DOM: 120

Home details

Lot Sq. Ft
10,019
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV20189858
City
Riverside
County
Riverside
Time on Site
1474 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 3
  • # of Leased Units: 11
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $650
  • Total Rent: $650
  • Pro Forma/Market Rent: $700
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $500
Unit Breakdown 6
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $450
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.73%
  • Gross Rent Multiplier: 8.9
  • Gross Scheduled Income: $78,600
  • Net Operating Income: $54,120
  • Gross Operating Income: $78,600
Annual Expense Breakdown
  • Total Operating Expense: $24,480
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $6,500
  • Trash: $0
  • Gardener: $960
  • Insurance: $1,500
  • Maintenance: $2,160
  • Professional Management: $7,860
  • Water/Sewer: $0
  • Other Expenses: $12,000
  • Other Expense Description: utilitys

Property Details for 2944 6th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Individual Room, Inside, Washer Hookup
Room Information
  • Bonus Room
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Other Structures: Storage
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Back Yard, Front Yard, Lawn
  • Lot Size Source: Estimated
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 11
  • Parcel Number: 211072008
  • Year Built Source: Assessor
  • Foundation Details: Raised, Slab
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Near Mission Exit off 91 FWY
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Riverside Agent

Sale History for 2944 6th St

Last sold for $630,000 on March 26th, 2021

  • November, 2021

  • Nov 23, 2021

    Date

    Withdrawn

    CRMLS: DW21207196

    $885,000

    Price

  • Listing provided courtesy of CRMLS

    Exceptional investment property tremendous cashflow and a huge upside in rents. This three unit property features three separate buildings. Front building features a 2 bedrooms 1 bath. The back of the same first building is a Studio with a full bath and a kitchen as well. The second building right behind the first building can be used for storage, office or game room. Its currently being used as a two bedroom unit. This conversion requires city approval into a two bedroom. The third building features unique 10 bedroom/bunk studios. These individual rooms are all rented out each collecting between $450-650. They feature 1 common toilet and 1 common bathroom. There is coin laundry room with outside access for all tenants There is plenty of parking in this 10,018sqft lot. These units are centrally located to the hip downtown Riverside with sites so close that give tremendous potential for any investor with foresight to see this diamond in the rough. Right behind 2944 6th street is the famous Mission Lofts, stunning modern apartments along with exceptional amenities that make the community stand out from the rest. These luxury apartments are a testament of where this community is headed. It would be remiss not to mention the recent approval to build The 8 Story Hotel just a short distance from the subject property. These units gives you unprecedented and immediate access to what makes downtown Riverside so compelling. Foodies, history buffs, art enthusiasts, scholars, and music fans alike will be perfectly at home here. Earn a prestigious degree from UC Riverside. Treat yourself to some pampering at the historic Mission Inn hotel. Take a hike at Mt. Rubidoux. Spark your imagination at the Riverside Art Museum. Meet your crew for a show at the Fox Performing Arts Center or take it up a notch at the Riverside Philharmonic. Pick up something fresh, organic, and locally grown for dinner at the Downtown Riverside Farmer’s Market. Explore the area with us. When you live at 2944 6th street, you’ll always be in step with what’s happening downtown.

  • September, 2021

  • Sep 22, 2021

    Date

    Withdrawn

    CRMLS: DW21205739

    $885,000

    Price

  • Sep 17, 2021

    Date

    Active

    CRMLS: DW21205739

    $885,000

    Price

  • Listing provided courtesy of CRMLS

    This is an investor's dream. Cash only buyers please. Exceptional investment property featuring three separate buildings. Front building features a 2 bedrooms 1 bath. The back of the same first building is a Studio with a full bath and a kitchen as well. The second building right behind the first building can be used for storage, office or game room. Its currently being used as a two bedroom unit. This conversion requires city approval into a two bedroom. The third building features unique 10 bedroom/bunk studios. These individual rooms are all rented out each collecting between $450-500. They feature 1 common toilet and 1 common bathroom. There is coin laundry room with outside access for all tenants There is plenty of parking in this 10,018sqft lot. These units are centrally located to the hip downtown Riverside with sites so close that give tremendous potential for any investor with foresight to see this diamond in the rough. Right behind 2944 6th street is the famous Mission Lofts, stunning modern apartments along with exceptional amenities that make the community stand out from the rest. These luxury apartments are a testament of where this community is headed. It would be remiss not to mention the recent approval to build The 8 Story Hotel just a short distance from the subject property. These units gives you unprecedented and immediate access to what makes downtown Riverside so compelling. Foodies, history buffs, art enthusiasts, scholars, and music fans alike will be perfectly at home here. Earn a prestigious degree from UC Riverside. Treat yourself to some pampering at the historic Mission Inn. Take a hike at Mt. Rubidoux. Spark your imagination at the Riverside Art Museum. Meet your crew for a show at the Fox Performing Arts Center or take it up a notch at the Riverside Philharmonic. Pick up something fresh, organic, and locally grown for dinner at the Downtown Riverside Farmer’s Market. Explore the area with us. When you live at Mission Lofts, you’ll always be in step with what’s happening downtown.

  • March, 2021

  • Mar 27, 2021

    Date

    Sold

    CRMLS: CV20189858

    $630,000

    Price

  • Jan 13, 2021

    Date

    Active Under Contract

    CRMLS: CV20189858

    $679,000

    Price

  • Nov 20, 2020

    Date

    Price Change

    CRMLS: CV20189858

    $679,000

    Price

  • Nov 20, 2020

    Date

    Price Change

    CRMLS: CV20189858

    $679,999

    Price

  • Nov 19, 2020

    Date

    Active

    CRMLS: CV20189858

    $699,999

    Price

  • Oct 6, 2020

    Date

    Active Under Contract

    CRMLS: CV20189858

    $699,999

    Price

  • Sep 14, 2020

    Date

    Active

    CRMLS: CV20189858

    $699,999

    Price

  • May, 2019

  • May 1, 2019

    Date

    Expired

    CRMLS: CV18184912

    $619,000

    Price

  • Apr 5, 2019

    Date

    Withdrawn

    CRMLS: CV18184912

    $619,000

    Price

  • Mar 16, 2019

    Date

    Hold

    CRMLS: CV18184912

    $619,000

    Price

  • Jan 15, 2019

    Date

    Price Change

    CRMLS: CV18184912

    $619,000

    Price

  • Oct 9, 2018

    Date

    Active

    CRMLS: CV18184912

    $639,000

    Price

  • Oct 5, 2018

    Date

    Active Under Contract

    CRMLS: CV18184912

    $639,000

    Price

  • Aug 22, 2018

    Date

    Active

    CRMLS: CV18184912

    $639,000

    Price

  • Listing provided courtesy of CRMLS

    A Fantastic Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO) due to grandfathered clause as a SRO dwelling and has a newer roof less than 5 years old.GREAT MONEY MAKER. This property offers front house, a 2nd structure for storage and a 3rd larger rear unit that houses 9 studio Dorm style bedrooms. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house has kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or game room. Other bldg has 9 bunk/dorm style bedrooms. All 9 rooms have a closet space. Dorm #9 is much larger at rear with separate entry. These bunk studios share a bathroom and separate shower room with laundry sink. All units are cable/phone ready. Current owner had all bunk units rented at $495 each and vacated them to clean up and paint for sale. Currently owner pays for all utilities except for the main house. New Security Camera system in place. Plenty of parking

  • October, 2017

  • Oct 1, 2017

    Date

    Expired

    CRMLS: IG17206932

    $500

    Price

  • Sep 25, 2017

    Date

    Active

    CRMLS: IG17206932

    $500

    Price

  • Sep 20, 2017

    Date

    Withdrawn

    CRMLS: IG17206932

    $500

    Price

  • Sep 7, 2017

    Date

    Active

    CRMLS: IG17206932

    $500

    Price

  • Listing provided courtesy of CRMLS

    Single room for rent. Rent includes Utilities, water trash, electric. This is a single room for rent in a shared building. There are a total of 9 rooms in this property that share one bathroom and shower with the other occupants. Rent is for one of the bedrooms. All rooms come with lighting and mini fridge. Deposit is $200. No Pets Allowed.

  • June, 2017

  • Jun 21, 2017

    Date

    Sold (Public Records)

    Public Records

    $540,000

    Price

  • March, 1995

  • Mar 1, 1995

    Date

    Sold (Public Records)

    Public Records

    $150,000

    Price

Show More

Tax History for 2944 6th St

Assessed Value (2020): $573,052
Year Land Value Improved Value Assessed Value
2020 $148,569 $424,483 $573,052

Home Value Compared to the Market

This property vs the competition

2944 6th St sold on March 26, 2021 for 4.46% higher than the current median sold price for the city of Riverside which is $650,000. The median sold price per/sqft for Riverside is $389 and this home is sold at $188.61 per/sqft which puts the price per square foot 51.51% lower than the current median sale per square foot for the city of Riverside.

About 2944 6th St

Detailed summary of property

2944 6th St is a multi family that recently sold in Riverside, CA 92507. This multi family property offered 12 bedrooms, 3 bathrooms, roughly 3,600 living square feet, and sits on an approximately 10,019 square foot lot. 2944 6th St was first listed on ArdentRealEstateGroup.com on September 14, 2020. The homeowner sold the property for $630,000. Home in Riverside are selling for a median price of $650,000 and a median price per square foot of $389. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 4.46% higher than the current median priced home. Local homes that are currently for sale include 8029 Sunnyside Ave, 1370 Hillside Dr and 340 W 40th St. While the average home in Riverside, CA is selling in 54 days, 2944 6th St has a days on market of 120 days. There are currently 797 homes for sale in the Riverside real estate market and 733 of them are single family homes while 55 of them are condos and 9 are townhomes. For more information on this home for sale at 2944 6th St Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 2944 6th St

Public county record property details
Beds
2
Baths
1
Year built
1915
Sq. Ft.
1,098
Lot Size
10,018
Stories
1
Type
Commercial (General)
Pool
Yes
Spa
No
County
Riverside
Lot#
11
APN
211-072-008

The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$658,000
Median List Price/Sq.Ft.
$358
Median Sold Price
$656,089
Median Sold Price/Sq.Ft.
$373
Total Inventory
161
Median Sale to List Price %
100.95%
Avg Days on Market
34
Loan Type
Conventional (62.07%), FHA (13.79%), VA (0%), Cash (6.9%), Other (17.24%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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