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3561 Russell St, Riverside, CA 92501
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3561 Russell St Riverside, CA 92501

$575,000
  • 2 Beds
  • 1.75 Baths
  • 1,101 Sq.Ft.
For Sale
$575,000 Get Pre-Qualified
Map preview of 3561 Russell St, Riverside, CA 92501

Property Overview: 3561 Russell St Riverside, CA has 2 bedrooms, 1.75 bathrooms, 1,101 living square feet and 10,890 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside. Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors! Prime Location: Located in an OPPORUNITY ZONE! (buyer to verify) Conveniently situated near downtown Riverside, enjoy proximity to local amenities, entertainment, and cultural attractions. Short distance of Historic Mission Inn and The Riverside Art Museum. Stroll down Main Street, eat at one of many restaurants, visit the shops and vendors and enjoy the Festival of Lights attraction. Buyer is to do all due diligence on all matters including, but not limited to, property size, lot size, permit history, zoning, permitted and non-permitted use, school assignments, property condition, metering information and anything effecting the desirability of the property to the Buyer. Fixer-Upper: Unleash your creativity and vision with this duplex that is ready for a makeover. Customize the space to your liking and add significant value. ADU Potential: Take advantage of the expansive lot and explore the option of constructing possibly more than one ADU. Perfect for extra rental income, extended family, or a home office. Property has: 2 gas meters; 1 electric meter; 1 water meter. Investment Opportunity: Ideal for those looking to invest in a property with substantial potential. Unlock value through renovations and additional 2+ ADU dwelling possibilities! Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build. Pro Forma rent is an estimate only (buyer to perform their own research). Buyer to to perform their own research and investigation regarding the subject property and the area. Per city of Riverside, property is zone R1-7000 SFR - Buyer to verify. Please NO BLIND OFFERS.

Listed by VINCE DEL NEGRO | BRE #00976149 | RE/MAX CHAMPIONS
Last checked: 14 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
10,890
HOA Dues
$0/mo
Year built
1949
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
CV24008044
City
Riverside
County
Riverside
Time on Site
103 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 1
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 3561 Russell St

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Property Details for 3561 Russell St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 209080003
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Fixer, Repairs Major
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: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: 60 Freeway, Exit Main St, Russell St - Left
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Riverside Agent

Sale History for 3561 Russell St

Last sold on March 14th, 2007

  • January, 2024

  • Jan 16, 2024

    Date

    Canceled

    CRMLS: CV23020412

    $389,900

    Price

  • Feb 21, 2023

    Date

    Active

    CRMLS: CV23020412

    $389,900

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity for cash investors! This property has so much potential! Possible use as a duplex, originally built as 2 units (3561 and 3563 Russell). Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build an ADU. Great downtown Riverside location within a short distance of Historic Mission Inn and The Riverside Art Museum. Stroll down Main Street, eat at one of many restaurants, visit the shops and vendors and enjoy the Festival of Lights attraction.

  • January, 2024

  • Jan 15, 2024

    Date

    Active

    CRMLS: CV24008044

    $495,000

    Price

  • March, 2007

  • Mar 14, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3561 Russell St

Assessed Value (2020): $218,489
Year Land Value Improved Value Assessed Value
2020 $59,580 $158,909 $218,489

Home Value Compared to the Market

This property vs the competition

3561 Russell St is listed 17.74% lower than the median list price for the city of Riverside which has a median list price of $699,000. The median price per/sqft for Riverside is $364 and this home is listed at $522.25 per/sqft which puts the price per square foot 43.48% higher than the median price per square foot for the city of Riverside.

About 3561 Russell St

Detailed summary of property

3561 Russell St is a duplex located in Riverside, CA 92501 and is currently for sale. This duplex offers 2 bedrooms, 1.75 bathrooms, roughly 1,101 living square feet, and sits on an approximately 10,890 square foot lot. 3561 Russell St was first listed on ArdentRealEstateGroup.com on January 16, 2024. The homeowner is currently asking $575,000 and was originally asking $495,000. The median priced home in Riverside is $699,000 with a median price per square foot of $364. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 17.74% lower than the median priced home. Local competing homes currently for sale include 8029 Sunnyside Ave #A, 2664 North Waterman and 813 N Campus Ave. While the average home in Riverside, CA is selling in 48 days, 3561 Russell St has a days on market of 39 days. There are currently 650 homes for sale in the Riverside real estate market and 610 of them are single family homes while 34 of them are condos and 6 are townhomes. For more information on this home for sale at 3561 Russell St Riverside, CA 92501 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3561 Russell St

Public county record property details
Beds
2
Baths
2
Year built
1949
Sq. Ft.
1,101
Lot Size
10,890
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
3
APN
209-080-003

The source for these homes facts are from public records.

92501 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$669,000
Median List Price/Sq.Ft.
$331
Median Sold Price
$575,000
Median Sold Price/Sq.Ft.
$319
Total Inventory
28
Median Sale to List Price %
100%
Avg Days on Market
31
Loan Type
Conventional (30%), FHA (40%), VA (10%), Cash (10%), Other (0%)

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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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